<PAGE>
Rule 497(e) File Nos. 33-5819 and 811-5034
Supplement
DATED JULY 28, 2000 TO
PROSPECTUS DATED MAY 1, 2000
CITIFUNDS(R) NATIONAL TAX FREE INCOME PORTFOLIO
Effective Friday, July 14, 2000, the front-end sales charge on Class A shares
of the Fund will be waived. As of that date, Class B shares will no longer be
offered. Class B shares will be converted to Class A shares without imposition
of any contingent deferred sales charge.
In addition, effective September 11, 2000, exchanges into certain of the
CitiFunds or other mutual funds previously available for exchange will no longer
be allowed. Please consult your Service Agent for more information.
<PAGE>
Rule 497(e) File Nos. 33-5819 and 811-5034
Supplement
DATED JULY 28, 2000 TO
PROSPECTUS DATED MAY 1, 2000
CITIFUNDS(R) NEW YORK TAX FREE INCOME PORTFOLIO
Effective Friday, July 14, 2000, the front-end sales charge on Class A shares
of the Fund will be waived. As of that date, Class B shares will no longer be
offered. Class B shares will be converted to Class A shares without imposition
of any contingent deferred sales charge.
In addition, effective September 11, 2000, exchanges into certain of the
CitiFunds or other mutual funds previously available for exchange will no longer
be allowed. Please consult your Service Agent for more information.
<PAGE>
Rule 497(e) File Nos. 33-5819 and 811-5034
Supplement
DATED JULY 28, 2000 TO
PROSPECTUS DATED MAY 1, 2000
CITIFUNDS(R) CALIFORNIA TAX FREE INCOME PORTFOLIO
Effective Friday, July 14, 2000, the front-end sales charge on Class A shares
of the Fund will be waived. As of that date, Class B shares will no longer be
offered. Class B shares will be converted to Class A shares without imposition
of any contingent deferred sales charge.
In addition, effective September 11, 2000, exchanges into certain of the
CitiFunds or other mutual funds previously available for exchange will no longer
be allowed. Please consult your Service Agent for more information.
