Rule 497(e)
Registration No. 2-82143
FUNDAMENTAL FAMILY OF FUNDS
(COLLECTIVELY, THE "FUNDS")
FUNDAMENTAL FIXED INCOME FUND
(Fundamental U.S. Government Strategic Income Fund)
(High-Yield Municipal Bond Series)
(Tax-Free Money Market Series)
THE CALIFORNIA MUNI FUND
FUNDAMENTAL FUNDS, INC.
(New York Muni Fund)
SUPPLEMENT DATED JUNE 3, 1998 TO EACH FUND'S
PROSPECTUS DATED MAY 1, 1998
The following information supplements and supersedes any contrary
information contained in each Fund's Prospectus.
On June 2, 1998, the Board of Directors of Fundamental Funds, Inc. and
the Boards of Trustees of The California Muni Fund and Fundamental Fixed Income
Fund (collectively, the "Boards") elected Mr. Robert W. Kleinschmidt to serve as
President of the Funds. Mr. Kleinschmidt is the President of Tocqueville
Management Corporation, the general partner of Tocqueville Asset Management L.P.
("Tocqueville"), co-manager of The Tocqueville Fund and the portfolio manager of
The Tocqueville Government Fund. Mr. Kleinschmidt is also the President of
Tocqueville, and the President, Principal Operating Officer, and a Trustee of
The Tocqueville Trust, a registered investment company.
The Boards also elected Mr. Kieran Lyons to serve as Vice President and
Chief Financial Officer of the Funds following the removal of Mr. Vincent J.
Malanga as Treasurer, Principal Financial Officer, and Accounting Officer. Mr.
Lyons is the Chief Financial Officer of Tocqueville Management Corporation, and
Vice President and Principal Financial Officer of The Tocqueville Trust.
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The Funds' assets are being managed on an interim basis by Mr. Drew
Rankin and assisted by Mr. Kleinschmidt. Mr. Rankin has been a portfolio manager
with Tocqueville since 1993.
