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Filed pursuant to Rule 497(e)
Registration No. 33-40496
Registration No. 33-1361
SUPPLEMENT DATED AUGUST 1, 1995
TO THE JOINT PROSPECTUS DATED JUNE 1, 1995 OF
IAI MONEY MARKET FUND (A PORTFOLIO OF IAI INVESTMENT FUNDS VI, INC.)
IAI RESERVE FUND (A PORTFOLIO OF IAI INVESTMENT FUNDS V, INC.)
The following is added to the first paragraph under "Additional
Information":
To reduce the volume of mail you receive, only one copy of most Fund
reports, such as the Funds' Annual Report, may be mailed to your household
(same surname, same address). Please call IAI Mutual Fund Shareholder
Services at 1-800-945-3863 if you wish to receive additional shareholder
reports.
