PROSPECTUS SUPPLEMENT
Dear Shareholder:
The KeyFunds(R) Prospectus for Key Money Market Mutual Fund is being revised.
One sentence has been restated to correctly reflect the Fund's investment
policies. This information is important and should be kept with a copy of your
Prospectus.
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Key Mutual Funds
Key Money Market Mutual Fund (the "Fund")
Supplement Dated July 30, 1997
to the Prospectus Dated April 1, 1997
The Prospectus of the Fund is supplemented by replacing the first
sentence in the fourth paragraph on page four with the following:
"The Fund reserves the right to concentrate in securities issued or guaranteed
as to principal and interest by the United States Government, its agencies or
instrumentalities."
Please insert this Supplement in the front of your Prospectus. Investors wishing
to obtain more information should call the Servicing Agent without charge at
800-KEY-FUND(R).
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STATEMENT OF ADDITIONAL INFORMATION SUPPLEMENT
Dear Shareholder:
The KeyFunds(R) Statement of Additional Information for SBSF Fund, SBSF
Convertible Securities Fund, SBSF Capital Growth Fund and Key Money Market
Mutual Fund is being revised. One sentence has been restated to correctly
reflect the Key Money Market Mutual Fund's investment policies. This information
is important and should be kept with a copy of your Statement of Additional
Information.
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Key Mutual Funds
SBSF Fund
SBSF Convertible Securities Fund
SBSF Capital Growth Fund
Key Money Market Mutual Fund (the "Money Market Fund")
Supplement Dated July 30, 1997
to the Statement of Additional Information Dated April 1, 1997
The Statement of Additional Information of the above Funds is supplemented by
replacing Item 9 on page eight with the following:
"9. Purchase securities if such purchase would cause more than 25% of any of the
Funds' total assets to be invested in the securities of issuers in any one
industry, provided, however, that the Money Market Fund reserves the right to
concentrate in securities issued or guaranteed as to principal and interest by
the United States Government, its agencies or instrumentalities or U.S. bank
obligations. The Money Market Fund, however, will not exercise its right to
concentrate in U.S. bank obligations."
Please insert this Supplement in the front of your Statement of Additional
Information. Investors wishing to obtain more information should call the
Servicing Agent without charge at 800-KEY-FUND(R).
