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Previous: FIDELITY INCOME FUND /MA/, N-14, 1998-12-22 |
Next: KING WORLD PRODUCTIONS INC, DEF 14A, 1998-12-22 |
<PAGE>
EXCELSIOR TAX-EXEMPT FUNDS, INC.
(THE "COMPANY")
CALIFORNIA TAX-EXEMPT INCOME FUND
(THE "FUND")
Supplement dated December 22, 1998
to Prospectus dated August 1, 1998
At a regular meeting of the Company's Board of Directors on November 13,
1998, the Board approved a change in the Fund's dollar-weighted average
portfolio maturity from 3-10 years to 3-5 years.
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