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Previous: COMMERCIAL NET LEASE REALTY INC, SC 13G, 2000-01-26 |
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<PAGE>
EXCELSIOR TAX-EXEMPT FUNDS, INC.
(the "Company")
CALIFORNIA TAX-EXEMPT INCOME FUND
Supplement dated January 26, 2000
to Prospectus dated August 1, 1999
The section entitled "Portfolio Managers" on page 15 of the prospectus is
hereby amended to reflect that Lois G. Ingham, C.F.A. serves as the sole
portfolio manager of the California Tax-Exempt Income Fund.
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