FILED PURSUANT TO RULE 497(e)
REGISTRATION FILE NO. 2-95548
November 18, 1994
FIRST PRAIRIE MUNICIPAL MONEY MARKET FUND
Supplement to Prospectus
Dated April 29, 1994
The Fund's Board has approved, subject to shareholder
approval, the reorganization of the Fund as a separate series of
Prairie Funds named Municipal Money Market Fund (the "New
Series").
Prairie Funds is a newly-formed registered investment company.
If the transaction is consummated, former Fund shareholders will
receive the same number of shares of the New Series as they owned
of the Fund immediately before the transaction was consummated.
These shares initially will have the same net asset value as the
shares of the Fund owned before the transaction was consummated.
The transaction is expected to be tax free for Federal income tax
purposes. If the transaction is consummated, the Fund will be
liquidated and its existence terminated.
A meeting of the Fund's shareholders to consider the
transaction is scheduled to be held on or about January 16, 1995.
A Proxy Statement/Prospectus with respect to the proposed
transaction will be mailed prior to the shareholders' meeting to
Fund shareholders of record as of December 5, 1994. The Proxy
Statement/Prospectus will provide further information regarding
the proposed transaction and the New Series.
