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Law Offices
Drinker Biddle & Reath LLP
Philadelphia National Bank Building
1345 Chestnut Street
Philadelphia, PA 19107-3496
Telephone: (215) 988-2700
Telex: 834684
Fax: (215) 988-2757
April 5, 1999
VIA EDGAR TRANSMISSION
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, NW
Washington, DC 20549
Re: The Galaxy Fund
Registration Nos. 33-4806/811-4636
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Ladies and Gentlemen:
On behalf of The Galaxy Fund ("Galaxy") and pursuant to Rule 497(e) of
the Securities Act of 1933, attached herewith for filing please find: 1) a
supplement dated April 5, 1999 to the Statement of Additional Information dated
February 28, 1999, relating to Galaxy's Asset Allocation, Equity Income, Growth
and Income, Strategic Equity, Equity Value, Equity Growth, International Equity,
Small Cap Value and Small Company Equity Funds; 2) a supplement dated April 5,
1999 to the Statement of Additional Information dated February 28, 1999,
relating to Galaxy's Short-Term Bond, Intermediate Government Income, High
Quality Bond and Corporate Bond Funds; 3) a supplement dated April 5, 1999 to
the Statement of Additional Information dated February 28, 1999, relating to
Galaxy's Tax-Exempt Bond, New Jersey Municipal Bond, New York Municipal Bond,
Connecticut Municipal Bond, Massachusetts Municipal Bond and Rhode Island
Municipal Bond Funds; 4) a supplement dated April 5, 1999 to the Statement of
Additional Information dated February 28, 1999, relating to Galaxy's Money
Market, Government, U.S. Treasury, Tax-Exempt, Institutional Government Money
Market, Connecticut Municipal Money Market and Massachusetts Municipal Money
Market Funds; 5) a supplement dated April 5, 1999 to the Statement of Additional
Information dated August 14, 1998, relating to Galaxy's Prime Reserves,
Government Reserves and Tax-Exempt Reserves Funds; and 6) a supplement dated
April 5, 1999 to the Statement of Additional Information dated October 31, 1998,
relating to Prime Shares of Galaxy's Equity
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Securities and Exchange Commission
April 5, 1999
Page 2
Value, Equity Growth, Equity Income, International Equity, Small Company Equity,
Asset Allocation, Small Cap Value, Growth and Income, Strategic Equity,
Short-Term Bond, Intermediate Government Income, High Quality Bond and
Tax-Exempt Bond Funds.
Questions and comments concerning the enclosed materials may be
directed to the undersigned at (215) 988-2699.
Very truly yours,
/s/ Edward T. Searle
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Edward T. Searle
ETS/sdj
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THE GALAXY FUND
GALAXY ASSET ALLOCATION FUND
GALAXY EQUITY INCOME FUND
GALAXY GROWTH AND INCOME FUND
GALAXY STRATEGIC EQUITY FUND
GALAXY EQUITY VALUE FUND
GALAXY EQUITY GROWTH FUND
GALAXY INTERNATIONAL EQUITY FUND
GALAXY SMALL CAP VALUE FUND
GALAXY SMALL COMPANY EQUITY FUND
SUPPLEMENT DATED APRIL 5, 1999 TO STATEMENT OF
ADDITIONAL INFORMATION DATED FEBRUARY 28, 1999
The following sentences are inserted at the end of the second paragraph on page
50 of the Statement of Additional Information:
However, Galaxy has filed an election with the SEC to pay in cash all
redemptions requested by any shareholder of record limited in amount during any
90-day period to the lesser of $250,000 or 1% of the net assets of a Fund at the
beginning of such period. Such commitment cannot be revoked without the prior
approval of the SEC.
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THE GALAXY FUND
GALAXY SHORT-TERM BOND FUND
GALAXY INTERMEDIATE GOVERNMENT INCOME FUND
GALAXY HIGH QUALITY BOND FUND
GALAXY CORPORATE BOND FUND
SUPPLEMENT DATED APRIL 5, 1999 TO STATEMENT OF
ADDITIONAL INFORMATION DATED FEBRUARY 28, 1999
The following sentences are inserted at the end of the second paragraph on page
35 of the Statement of Additional Information:
However, Galaxy has filed an election with the SEC to pay in cash all
redemptions requested by any shareholder of record limited in amount during any
90-day period to the lesser of $250,000 or 1% of the net assets of a Fund at the
beginning of such period. Such commitment cannot be revoked without the prior
approval of the SEC.
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THE GALAXY FUND
GALAXY TAX-EXEMPT BOND FUND
GALAXY NEW JERSEY MUNICIPAL BOND FUND
GALAXY NEW YORK MUNICIPAL BOND FUND
GALAXY CONNECTICUT MUNICIPAL BOND FUND
GALAXY MASSACHUSETTS MUNICIPAL BOND FUND
GALAXY RHODE ISLAND MUNICIPAL BOND FUND
SUPPLEMENT DATED APRIL 5, 1999 TO STATEMENT OF
ADDITIONAL INFORMATION DATED FEBRUARY 28, 1999
The following sentences are inserted at the end of the second paragraph of the
section captioned "Redemption of Retail A Shares, Retail B Shares and Trust
Shares" on page 52 of the Statement of Additional Information:
However, Galaxy has filed an election with the SEC to pay in cash all
redemptions requested by any shareholder of record limited in amount during any
90-day period to the lesser of $250,000 or 1% of the net assets of a Fund at the
beginning of such period. Such commitment cannot be revoked without the prior
approval of the SEC.
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THE GALAXY FUND
GALAXY MONEY MARKET FUND
GALAXY GOVERNMENT FUND
GALAXY U.S. TREASURY FUND
GALAXY TAX-EXEMPT FUND
GALAXY INSTITUTIONAL GOVERNMENT MONEY MARKET FUND
GALAXY CONNECTICUT MUNICIPAL MONEY MARKET FUND
GALAXY MASSACHUSETTS MUNICIPAL MONEY MARKET FUND
SUPPLEMENT DATED APRIL 5, 1999 TO STATEMENT OF
ADDITIONAL INFORMATION DATED FEBRUARY 28, 1999
The following sentences are inserted at the end of the last paragraph on page 34
of the Statement of Additional Information:
However, Galaxy has filed an election with the SEC to pay in cash all
redemptions requested by any shareholder of record limited in amount during any
90-day period to the lesser of $250,000 or 1% of the net assets of a Fund at the
beginning of such period. Such commitment cannot be revoked without the prior
approval of the SEC.
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THE GALAXY FUND
PRIME RESERVES
GOVERNMENT RESERVES
TAX-EXEMPT RESERVES
SUPPLEMENT DATED APRIL 5, 1999 TO STATEMENT OF
ADDITIONAL INFORMATION DATED AUGUST 14, 1998
The following sentences are inserted at the end of the last paragraph on page 9
of the Statement of Additional Information:
However, Galaxy has filed an election with the SEC to pay in cash all
redemptions requested by any shareholder of record limited in amount during any
90-day period to the lesser of $250,000 or 1% of the net assets of a Fund at the
beginning of such period. Such commitment cannot be revoked without the prior
approval of the SEC.
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THE GALAXY FUND
EQUITY VALUE FUND
EQUITY GROWTH FUND
EQUITY INCOME FUND
INTERNATIONAL EQUITY FUND
SMALL COMPANY EQUITY FUND
ASSET ALLOCATION FUND
SMALL CAP VALUE FUND
GROWTH AND INCOME FUND
STRATEGIC EQUITY FUND
SHORT-TERM BOND FUND
INTERMEDIATE GOVERNMENT INCOME FUND
HIGH QUALITY BOND FUND
TAX-EXEMPT BOND FUND
SUPPLEMENT DATED APRIL 5, 1999 TO STATEMENT OF
ADDITIONAL INFORMATION DATED OCTOBER 31, 1998
The following sentences are inserted at the end of the first paragraph following
the table on page 20 of the Statement of Additional Information for Prime Shares
of the Funds:
However, Galaxy has filed an election with the SEC to pay in cash all
redemptions requested by any shareholder of record limited in amount during any
90-day period to the lesser of $250,000 or 1% of the net assets of a Fund at the
beginning of such period. Such commitment cannot be revoked without the prior
approval of the SEC.
