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MAS FUNDS
Supplement dated March 16, 1998 to the MAS Funds' Institutional Class Prospectus
dated January 31, 1998
This supplement provides new and additional information beyond that contained in
the Prospectus and should be read in conjunction with the Prospectus.
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Page 18 of the Prospectus is hereby amended to include David P. Chu as
a member of the Portfolio Management Team of the Mid Cap Growth Portfolio.
Page 61 of the Prospectus is hereby amended to include the following
description of David P. Chu's business experience during the last five years:
David P. Chu, Vice President, Morgan Stanley, joined MAS in 1998. He served as
Senior Equity Analyst from 1992 to 1997 and as Co-Portfolio Manager in 1997 for
NationsBank and its subsidiary, TradeStreet Investment Associates. He assumed
responsibility for the Mid Cap Growth Portfolio in 1998.
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The Portfolio Management section beginning on page 60 of the Prospectus
is hereby amended to reflect the following title changes for these Portfolio
Managers:
William B. Gerlach, Princial, Morgan Stanley
James J. Jolinger, Principal, Morgan Stanley
Horacio A. Valeiras, Managing Director, Morgan Stanley
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The following portion of the Trustees and Officers section on page 65
of the Prospectus is hereby amended to read:
Joseph J. Kearns, Trustee; investment consultant; Chief Investment Officer, the
J. Paul Getty Trust; Director, Electro Rent Corporation; Trustee, Southern
California Edison Nuclear Decommissioning Trust; Director, the Ford Family
Foundation.
PLEASE RETAIN FOR FUTURE REFERENCE
