STRONG MUNICIPAL FUNDS INC
497K2, 1999-01-21
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                                         Filed Pursuant to Rule 497(k)(1)(ii)
[PIE CHART]
FUND PROFILE           
   
January 15, 1999                                         
    
THE STRONG MUNICIPAL MONEY MARKET FUND                                          
THE STRONG MUNICIPAL ADVANTAGE FUND                                             

This profile summarizes key information about the Funds that is included in the 
Funds' prospectus. The Funds' prospectus includes additional information about  
the Funds, including a more detailed description of the risks associated with   
investing in the Funds that you may want to consider before you invest. You may 
obtain the prospectus and other information about the Funds at no cost by       
calling 1-800-368-3863 or visiting our web site at www.strongfunds.com.         

[STRONG LOGO]
   
    
<PAGE>
WHAT ARE THE FUNDS' GOALS?                                                      
The STRONG MUNICIPAL MONEY MARKET FUND seeks federally tax-exempt current       
income, a stable share price, and daily liquidity.                              

The STRONG MUNICIPAL ADVANTAGE FUND seeks federally tax-exempt current income   
with a very low degree of share-price fluctuation.                              
   
WHAT ARE THE FUND'S PRINCIPAL INVESTMENT STRATEGIES?                            
The MUNICIPAL MONEY MARKET FUND is managed to provide attractive yields and a   
stable share price of $1.00. It invests in a portfolio of high-quality,         
short-term municipal debt securities. The manager may sell a holding if its     
fundamental qualities deteriorate, or to take advantage of more attractive      
yield opportunities.                                                            
    
   
The MUNICIPAL ADVANTAGE FUND invests primarily in very short-term, higher- and  
medium-quality municipal bonds and money market securities. To enhance its      
return potential, the Fund also invests a portion of its assets in bonds that   
have longer maturities or are of lower quality. To help limit changes in share  
price, the Fund's average maturity is usually one year or less. The manager may 
sell a holding if its value becomes unattractive.                               
    
   
Both Funds invest in municipal bonds whose interest may be subject to the       
Alternative Minimum Tax (AMT).                                                  
    
   
Additional information about the Funds' investments is available in annual and  
semiannual reports to shareholders. These reports discuss the market conditions 
and investment strategies that significantly affected performance during the    
past fiscal year. You may obtain these reports at no cost by calling            
1-800-368-3863.                                                                 
    
<PAGE>
WHAT ARE THE MAIN RISKS OF INVESTING IN THE FUNDS?                              
FOR THE MUNICIPAL MONEY MARKET FUND:                                            
   
Your investment in this Fund is not insured or guaranteed by the Federal        
Deposit Insurance Corporation (FDIC) or any other government agency. The Fund's 
goal is to preserve the value of your investment at $1.00 per share. However,   
it is possible to lose money by investing in this Fund.                         
    
   
This Fund is appropriate for investors who are comfortable with the risks       
described here and who need cash immediately. It can also be used as a          
permanent conservative part of your portfolio.                                  
    
FOR THE MUNICIPAL ADVANTAGE FUND:                                               
   
BOND RISKS: The Fund's major risks are those of investing in the bond market. A 
bond's market value is affected significantly by changes in interest            
rates-generally, when interest rates rise, the bond's market value declines and 
when interest rates decline, its market value rises. Generally, the longer a    
bond's maturity, the greater the risk and the higher its yield. A bond's value  
can also be affected by changes in the bond's credit quality or issuer's        
financial condition. Because bond values fluctuate, the Fund's share price      
fluctuates. So, when you sell your investment you may receive more or less      
money than you originally invested.                                             
    
   
HIGH-YIELD BONDS: The Fund invests a limited portion of its assets in medium-   
and lower-quality bonds, including high-yield bonds. These bonds involve        
greater risks, including the increased possibility that the bond's issuer may   
not be able to make its payments of interest and principal. If that happens,    
the Fund's share price would decrease and its income distributions would be     
reduced.                                                                        
    
   
MORTGAGE AND ASSET-BACKED SECURITIES: The Fund invests in mortgage-backed and   
asset-backed securities. The main risk is that the borrower will prepay some or 
all of the principal owed to the issuer. If that happens, the Fund may have to  
replace the security with a less attractive security. This could reduce the     
Fund's share price and its income distributions.                                
    
   
The MUNICIPAL ADVANTAGE FUND'S share price will vary. This Fund is not          
appropriate for investors concerned primarily with principal stability.         
    
<PAGE>
   
The return information provided illustrates how the Funds' performance can      
vary, which is one indication of the risks of investing in the Funds. Please    
keep in mind that the Funds' past performance does not represent how they will  
perform in the future. This information assumes that you reinvested all         
dividends and distributions.                                                    
    
CALENDAR YEAR TOTAL RETURNS                                                     
[BAR GRAPH]
   
<TABLE>
<CAPTION>
<S>   <C>               <C>               
Year      Municipal     Municipal       
        Money Market    Advantage Fund  
            Fund                        
- ----  ----------------  ----------------
                                        
- ----  ----------------  ----------------
1989        6.1%                -       
- ----  ----------------  ----------------
1990    6.1%      -   
- ----  -------  -------
1991    5.2%      -   
- ----  -------  -------
1992    3.4%      -   
- ----  -------  -------
1993    2.5%      -   
- ----  -------  -------
1994    2.9%      -   
- ----  -------  -------
1995    4.1%      -   
- ----  -------  -------
1996    3.6%     4.9% 
- ----  -------  -------
1997    3.6%     5.1% 
- ----  -------  -------
1998    3.5%     4.6% 
- ----  -------  -------
</TABLE>
    
BEST AND WORST QUARTERLY PERFORMANCE (DURING THE PERIODS SHOWN ABOVE)           
<TABLE>
<CAPTION>
<S>                      <C>                     <C>                     
FUND NAME                BEST QUARTER RETURN     WORST QUARTER RETURN  
- -----------------------  ----------------------  ----------------------
Municipal Money Market   1.6% (2nd Q 1989)       0.6% (1st Q 1994)     
- -----------------------  ----------------------  ----------------------
Municipal Advantage      1.7% (3rd Q 1996)       0.6% (1st Q 1996)     
- -----------------------  ----------------------  ----------------------
</TABLE>

AVERAGE ANNUAL TOTAL RETURNS                                                    
   
AS OF 12-31-98                                                                  
FUND/INDEX     1-YEAR     5-YEAR     10-YEAR     SINCE INCEPTION                
MUNICIPAL MONEY MARKET      3.55%     3.54%     4.10%     4.23% (10-23-86)      
Salomon Bros. 3-Month                                                           
Treasury Bill Index      5.06%     5.10%     5.44%     5.59%                    
MUNICIPAL ADVANTAGE      4.57%     -     -     5.01% (11-30-95)                 
Lehman Bros. Municipal                                                          
1 Year Bond Index     4.74%     -     -     4.58%                               
    
THE SALOMON BROTHERS 3-MONTH TREASURY BILL INDEX IS AN UNMANAGED INDEX          
GENERALLY REPRESENTATIVE OF THE AVERAGE YIELD OF THREE-MONTH TREASURY BILLS.    
THE LEHMAN BROTHERS MUNICIPAL 1 YEAR BOND INDEX IS AN UNMANAGED INDEX GENERALLY 
REPRESENTATIVE OF ONE-YEAR, TAX-EXEMPT BONDS.                                   
   
As of December 31, 1998, the MUNICIPAL ADVANTAGE FUND'S 30-day yield was 3.94%. 
For investors in the 36% tax bracket, the Fund's taxable equivalent yield was   
6.16%. (Without fee waivers and absorptions, the Fund's yield would have been   
3.84% and its taxable equivalent yield would have been 6.00%.) For current      
yield information on either of the Funds, call 1-800-368-3863.                  
    
<PAGE>
WHAT ARE THE FUNDS' FEES AND EXPENSES?                                          
This section describes the fees and expenses that you may pay if you buy and    
hold shares of the Funds.                                                       

SHAREHOLDER FEES (fees paid directly from your investment)                      
The Funds are 100% no-load, so you pay no sales charges (loads) to buy or sell  
shares.                                                                         

ANNUAL FUND OPERATING EXPENSES (expenses that are deducted from Fund assets)    

The costs of operating each Fund are deducted from Fund assets, which means you 
pay them indirectly. These costs are deducted before computing the daily share  
price or making distributions. As a result, they don't appear on your account   
statement, but instead reduce the amount of total return you receive.           

ANNUAL FUND OPERATING EXPENSES (AS A PERCENT OF AVERAGE NET ASSETS)             
   
<TABLE>
<CAPTION>
<S>                   <C>                 <C>                 <C>                  
FUND                  MANAGEMENT FEES     OTHER EXPENSES      TOTAL FUND EXPENSES
- --------------------  ------------------  ------------------  -------------------
Municipal Money       0.50%               0.10%               0.60%              
Market                                                                           
- --------------------  ------------------  ------------------  -------------------
Municipal Advantage   0.60%               0.07%               0.67%*             
- --------------------  ------------------  ------------------  -------------------
</TABLE>
    
   
*TOTAL FUND EXPENSES DO NOT REFLECT OUR WAIVER OF MANAGEMENT FEES AND/OR        
ABSORPTIONS. WITH SUCH WAIVERS AND/OR ABSORPTIONS, THE TOTAL FUND EXPENSES OF   
THE MUNICIPAL ADVANTAGE FUND WERE 0.45%. WE CAN TERMINATE THESE WAIVERS AND     
ABSORPTIONS AT ANY TIME. ALSO, FOR THE MUNICIPAL MONEY MARKET FUND, WE MAY      
VOLUNTARILY WAIVE SOME OR ALL OF OUR MANAGEMENT FEE AND/OR ABSORB SOME FUND     
EXPENSES. ANY WAIVERS AND/OR ABSORPTIONS WOULD TEMPORARILY LOWER YOUR           
INVESTMENT'S EXPENSE RATIO AND INCREASE YOUR INVESTMENT RETURN.                 
    
EXAMPLE: This example is intended to help you compare the cost of investing in  
the Funds, before fee waivers and expense absorptions, with the cost of         
investing in other mutual funds. The example assumes that you invest $10,000 in 
the Funds for the time periods indicated, and then redeem all of your shares at 
the end of those periods. The example also assumes that your investment has a   
5% return each year and that the Funds' operating expenses remain the same.     
Although your actual costs may be higher or lower, based on these assumptions   
your costs would be:                                                            
<TABLE>
<CAPTION>
<S>                   <C>         <C>         <C>         <C>         
FUND                  1 YEAR      3 YEARS     5 YEARS     10 YEARS  
- --------------------  ----------  ----------  ----------  ----------
Municipal Money       $61         $192        $335        $750      
Market                                                              
- --------------------  ----------  ----------  ----------  ----------
Municipal Advantage   $68         $214        $373        $835      
- --------------------  ----------  ----------  ----------  ----------
</TABLE>


WHO ARE THE FUNDS' INVESTMENT ADVISOR AND PORTFOLIO MANAGERS?                   
Strong Capital Management serves as the investment advisor for the Funds.       
   
Steven D. Harrop manages the funds. He joined Strong as a portfolio manager in  
March 1991 and has more than 25 years of investment experience.                 
    
<PAGE>
HOW CAN I BUY FUND SHARES?                                                      
There are several ways you can open a new account in the Funds.                 

- - BY MAIL: Complete and sign the application. Make your check or money order    
  payable to Strong Funds. Mail it to Strong Funds, P.O. Box 2936, Milwaukee,   
  WI 53201.                                                                     
- - BY PHONE OR BY INTERNET: If you are a current Strong Funds shareholder and    
  choose exchange privileges, you can exchange shares from one Strong account   
  to open another.                                                              

You can also open an account in person or through a broker-dealer.              
   
The minimum initial investment is $2,500 for a regular account, $500 for an     
Education IRA, and $250 for an IRA or transfer or gift to minor account.        
Because the income from the Funds is generally exempt from federal income tax,  
the Funds may not be appropriate for IRAs or Education IRAs. If you establish   
an Automatic Investment Plan (not available for Education IRAs) of $50 or more  
per month, these minimums are waived. In all cases, the minimum for subsequent  
investments is $50. (For minimums on other retirement plans, call               
1-800-368-2882.)                                                                
    
HOW CAN I SELL FUND SHARES?                                                     
There are several ways you can sell (redeem) your Fund shares.                  

- - BY MAIL: You can write a letter of instruction, including your account        
  number, the dollar amount or number of shares you wish to redeem, each        
  owner's name, your street address, and the signature of each owner. Mail it   
  to Strong Funds, P.O. Box 2936, Milwaukee, WI 53201.                          
- - BY PHONE OR BY INTERNET: If you choose redemption privileges, you can sell    
  shares by phone or through our web site.                                      

You can also redeem shares in person, through a systematic withdrawal plan, or  
through a broker-dealer.                                                        

<PAGE>
DO THE FUNDS PAY OUT DIVIDENDS OR CAPITAL GAINS? HOW ARE THEY TAXED?            
   
The Funds may earn income from interest on the bonds in their portfolios. In    
addition, the MUNICIPAL ADVANTAGE FUND may earn capital gains from appreciation 
on its holdings. The Funds declare income daily and distribute it monthly, and  
the MUNICIPAL ADVANTAGE FUND declares and distributes capital gains annually.   
Income will provide the entire return of the MUNICIPAL MONEY MARKET FUND.       
    
   
Unless you elect otherwise, distributions will be automatically reinvested in   
the Fund that paid them. These distributions may be taxable regardless of       
whether you reinvest them or take them in cash.                                 
    
   
The income from the Funds is generally exempt from federal income taxes, but    
may be subject to state tax. In addition, investors who are subject to the      
Alternative Minimum Tax (AMT) may have to pay federal income tax on a portion   
of their income from the Funds.                                                 
    
Capital-gains distributions are taxed at rates based on how long the assets     
were held by the Fund. After the end of each calendar year, Strong sends        
shareholders a statement of the Funds' income and capital-gains distributions   
to assist in tax preparation.                                                   

WHAT SERVICES DOES STRONG FUNDS PROVIDE?                                        
Strong offers you a variety of ways to get information, monitor your            
investments, and buy and sell shares.                                           

- - Personal service 24 hours a day, 7 days a week                                
- - Automated telephone service                                                   
- - Online transaction services                                                   
- - Automatic investment plans                                                    
- - Payroll direct deposit                                                        
- - Automatic exchange services                                                   
- - Systematic withdrawal plans                                                   
- - Retirement plans for individuals and corporations                             

Strong representatives can tell you more about each of these services, and can  
also give you further information about buying and selling shares. Just call    
1-800-368-3863 anytime, day or night, or visit our web site at                  
WWW.STRONGFUNDS.COM.                                                            

<PAGE>
[PICTURE OF TELEPHONE]
To order a free prospectus kit,                                                 
call 1-800-368-1030                                                             

To learn more about our funds,                                                  
discuss an existing account,                                                    
or conduct a transaction,                                                       
call 1-800-368-3863                                                             
- ------------------------------                                                  
If you are a                                                                    
Financial Professional,                                                         
call 1-800-368-1683                                                             

[PICTURE OF STRONG WEB SITE ON COMPUTER]
Strong On-line                                                                  
www.strongfunds.com                                                             

[STRONG LOGO] 
STRONG FUNDS                                                                    
P.O. Box 2936, Milwaukee, Wisconsin 53201                                      
   
Strong Investments, Inc. 10075L98                                               

TFC0199                                                                         
    
<PAGE>

The following application is separate from the profile.

IRA Account Application                                                         
[STRONG LOGO]
STRONG FUNDS                                                                    
Please complete this form to establish your Strong Funds IRA. If you are opening
more than one type of IRA (Traditional, Roth, SEP, Rollover), please complete a
separate IRA Account Application for each account. If this is a conversion from 
a Traditional IRA to a Roth IRA, simply complete an IRA Conversion Form. If you 
have questions about this application, call 24 hours, toll-free: 1-800-368-3863.
P.O. Box 2936, Milwaukee, WI 53201 www.strongfunds.com                          
1. Registration and Mailing Address                                             
_______________________________________________
Owner's name (first, middle, last)                                              
_______________________________________________
Social Security number for tax reporting                                        
__________________
Date of birth                                                                   
_______________________________________________
Street or P.O. Box                                                              
___________________________________
E-mail address (optional)                                                       
___________________________
City                                                                            
___________________________
Daytime phone                                                                   
_________                   ____________
State                       Zip code                                            
___________________________
Evening phone                                                                   
__ U.S. citizen/Resident alien   or   __ Non-resident alien (Please specify    
                                 country of tax residency.):___________________ 
2. Your Beneficiary                                                             
To name multiple beneficiaries, include all information in this section on a    
separate sheet. Unless noted, Strong Funds will assume equal distribution among 
beneficiaries.                                                                  
_______________________________________________
Beneficiary's name (first, middle, last)                                        
______________________________
Taxpayer ID number (SSN or EIN)                                                 
____________________________
Date of birth (if applicable)                                                   
_______________________________________________
Street or P.O. Box                                                              
____________________________
Relationship to you                                                             
____________________________
City                                                                            
____________________________
Daytime phone                                                                   
____________          ___________
State                 Zip code                                                  
____________________________
Evening phone                                                                   

Spousal Consent: If you name someone other than your spouse and reside in a     
community or marital property state, including AZ, CA, ID, LA, NJ, NM, TX, WA,  
or WI, your spouse must consent. Your spouse must sign below to consent to the  
beneficiary designation.                                                        
X_____________________________________________       
Signature of spouse                                                             
_______________________
Date                                                                            
3. Fund Selection                                                               
Minimum initial investment for any Strong Fund IRA is $250, $25,000 for       
Heritage Money Fund.                                                            

The maximum combined contribution to a Traditional IRA and a Roth IRA account   
per tax year is $2,000 (excluding rollovers or conversions). Refer to the      
prospectus/profile for possible Fund restrictions and fees. Please make checks  
payable to Strong Funds.                                                        
__________________________________________
Fund name                                                                       
$       or         %
______________________
Initial investment                                                              
__________________________________________
Fund name                                                                       
$       or         %
______________________
Initial investment                                                              

4. Type of IRA                                                                  
__ TRADITIONAL IRA                                                              
   __Individual Account                                                         
   Choose one:  __ For tax year______________($2,000 maximum)  or  __ Rollover  
                                                               from another IRA 
   __Direct Rollover/Transfer  Please complete an IRA Transfer Form. Strong     
     Funds will arrange for your transfer of assets.                            
     Choose one:  __ IRA to IRA   __ Rollover IRA to Rollover IRA   __ Qualified
     Plan (403(b), 401(k), Defined Contribution) to IRA                         
__ ROTH IRA  Choose one:                                                        
   __Contributory Account:  For tax year___________($2,000 maximum)  or 
     __ Rollover from another IRA 
   __ Transfer of assets--Roth IRA to Roth IRA  Please complete an IRA Transfer 
      Form.                                                                     
Does this account contain any dollars from a 1998 Roth IRA Conversion?  __Yes  
If this box is not checked, we will assume no.                             
__ SEP-IRA (Simplified Employee Pension Plan)  Each employee must complete an  
IRA Application and the employer must complete IRS Form 5305-SEP.               
   Choose one:  __ For tax year___________ or  __ Rollover or transfer from     
                                                  another SEP-IRA 
5. Notice of Withholding Upon Distribution                                      
You must make a federal income tax withholding election on any distribution made
from your IRA account. If you do not check a box below, Strong Funds will      
withhold 10% from any distributions from your Traditional, SEP or Roth IRA      
account as a prepayment of federal income tax.                                 

__ I do not want federal income tax withheld from my IRA distribution.        
__ I want federal income tax of 10% withheld from my IRA distribution.        

I understand that I am still liable for the payment of federal income tax on the
amount received, and if my payments of the estimated tax and withholding are    
insufficient, I may be subject to federal income tax penalties under the        
estimated tax payment rules.                                                    
                                                   Continued on next page    


<PAGE>                                                                          

6. Account Options                                                              
[PICTURE OF VOIDED CHECK]
Please include a voided bank check if you are establishing an Automatic        
Investment Plan, Telephone Purchase, or Telephone Redemption via electronic     
funds transfer (EFT) or wire.                                                   

Automatic Investment Plan (AIP)                                                 
The AIP option allows you to make automatic purchases from your bank account    
into a Strong Funds account.                                                    
Amount invested each time ($50 minimum) $__________ Fund name___________________
Investment frequency:  __ Once a month on the ____ day of the month or  
__ Twice a month on the ___ and ___ days of the month.                       

This privilege will be effective 15 days after we receive your application. You 
may change your investment amount at any time by simply calling or writing us. 
If no amount is chosen, your bank account will be debited $50. If no date is    
chosen, your account will be debited on the 15th day of the month. This service 
is governed by the terms set forth in the shareholder manual and the rules of   
the Automated Clearing House.                                                   

All purchases made between January 1 and April 15 are to be considered: (please 
choose one)                                                                     

__ Current year purchases     __ Prior year purchases 
If no box is checked, all investments will be considered current year           
purchases. Any changes to this election must be made in writing prior to the 
purchase taking place. 

Telephone Transaction Privileges                                                
Each of these telephone privileges will be added to your account. If you do not 
want these options, check the boxes below.                                      

Telephone Exchange--you can sell shares by phone from one Strong Funds account  
and use this money to buy shares in an identically registered Strong Funds     
account.    __ I do not want Telephone Exchange.                               
Telephone Redemption--you can sell shares by phone and have the money sent to   
your address (in section 1), or to your bank account (via EFT or wire).    
__ I do not want Telephone Redemption.                                          
Telephone Purchase--you can purchase shares by phone with payment from your     
designated bank account by EFT. Unless a voided check is enclosed, the          
Telephone Purchase option cannot be established.  __ I do not want Telephone 
Purchase.   
We use care to ensure that instructions communicated by phone are genuine.      
Strong Funds may not be liable for losses due to unauthorized or fraudulent    
instructions. Certain Funds assess an early redemption fee. For more details    
about these account options (including fees, minimums, and bank information),   
refer to section 7, the prospectus, or the shareholder manual.                  

7. Bank Information                                                             
If you want the Automatic Investment Plan (AIP), telephone redemption to your   
bank account, or telephone purchase with payment by EFT, please attach a voided
bank check. This check must be for the bank account into which funds should be  
deposited by EFT or wire (for telephone redemption) and from which funds should 
be withdrawn by EFT (for AIP or telephone purchase). If you initiate a telephone
purchase before 3:00 p.m. Central time, the transfer of funds from your bank    
account will normally occur on the following banking day. Neither the applicable
Fund nor its transfer agent will be responsible for banking system delays beyond
its control. Your bank account registration MUST have one name in common with   
your Strong Funds account registration in section 1. The following authorization
is required for EFT transactions: By signing section 8, I authorize my bank to  
honor all entries to my bank account initiated through Firstar Bank Milwaukee,  
N.A., on behalf of the applicable Strong Fund. Neither the Fund nor its transfer
agent will be liable for acting upon instructions believed genuine and in       
accordance with the procedures described in the prospectus and the shareholder  
manual. When AIP or telephone purchase transactions are presented, sufficient   
collected funds must be in my account to pay them.  I agree that my bank's      
treatment and rights to respect each entry shall be the same as if it were      
signed personally by me. I agree that if any such entries are dishonored with   
good or sufficient cause, my bank shall be under no liability whatsoever. I     
further agree that any such authorization, unless previously terminated by my   
bank in writing, is to remain in effect until five banking days after receipt by
the Fund's transfer agent of my written notification to cancel the 
authorization.                                                                  

8. Signature                                                                    
You can invest after reviewing the profile or prospectus. To receive a          
prospectus, please call 1-800-368-3863.                                         

I adopt the Strong Funds IRA Custodial Agreement and appoint the custodian or   
its agent to perform those functions and appropriate administrative services    
specified. I have received the current prospectus and/or profile for the Fund(s)
in which I am investing.  I have read and understand the IRA Custodial Agreement
and Disclosure Statement. I will obtain and read the current prospectus and/or  
profile for each fund into which I may exchange before I request the exchange. I
represent that I am of legal age and have legal capacity to make this purchase. 
If I am opening a Traditional IRA with a distribution from an employer-sponsored
retirement plan, I elect to treat the distribution as a partial or total       
distribution and certify that the distribution qualifies as a rollover          
contribution. I understand the following fees may be collected by redeeming     
sufficient shares from each Fund account balance: (1) an annual $10 maintenance 
fee per Fund  ($30 maximum), (2) a $10 account liquidation fee and (3) a $10    
transfer fee. The custodian may change the fee schedule.                        
To complete the application, you must sign here.                                

X______________________________________ 
Your signature                                                                  
______________________
Date                                                                            
Before you mail, have you:  
x  Entered your Social Security number in section 1? 
__

x  Included a voided check (if applicable)? 
__

x  Enclosed your check made payable to Strong Funds?
__

x  Signed your application in section 8? 
__

x  Indicated your withholding election in section 5?          
__
IRAAPP                                                                          
                                                                          11.98 

<PAGE>                                                                          

The following application is separate from the profile.

New Account Application                                                         
[STRONG LOGO]
STRONG FUNDS                                                                    
Do not use this application to open an IRA or other retirement account.         
If you have questions, call 1-800-368-3863, 24 hours a day, 7 days a week.      
P.O. Box 2936, Milwaukee, WI 53201 www.strong-funds.com                         
1. Account Registration                                                         
__       Individual or                                                        
__       Joint Account                                                        
        ("Joint tenants with right                                              
                                                                                
        of survivorship," unless                                                
                                                                                
        otherwise specified)                                                    
_________________________________
Owner's name (first, middle, last)                                              
_________________________________
Social Security number for tax reporting                                        
_____________
Date of birth                                                                   
_________________________________
Joint owner's name (first, middle, last)                                        
______________________
Social Security number                                                          
_____________
Date of birth                                                                   
__       Gifts/Transfers to Minor                                             
                                                                                
        (UGMA/UTMA)                                                             
_________________________________________________
Custodian's name (one name only) as custodian for:                              
__________________________________
Minor's name (first, middle, last)                                              
_____________________________
Minor's Social Security number                                                  
_____________________
Minor's date of birth                                                           
__       Corporation, Trust                                                   
                                                                                
        or Other Entity                                                         
__________________________________________
Name of corporation, trust or other entity                                      
__________________________________
Social Security/Employer ID number                                              
_____________________________
If a trust, name of trustee(s)                                                  
_____________
Date of trust                                                                   
2. Mailing Address and Citizenship                                              
__________________
Street or P.O. Box                                                              
__________________
City                                                                            
_____                    ________
State                    Zip Code                                               
_______________________________
E-mail address (if applicable)                                                  
______________
Daytime phone                                                                   
______________
Evening phone                                                                   
__ U.S. citizen/Resident alien   or   __ Non-resident alien (Please specify     
                                                                                
country of tax residency.):________________________                             
3. Fund Selection                                                               
If no Fund is listed below--or if you would prefer a different fund--please     
                                                                                
write in the Fund name. Refer to the prospectus for  possible fund restrictions 
                                                                                
and fees.                                                                       
Initial Investment                                                              
Investment                                                                      
Heritage Money Fund (049) $25,000 minimum                 $_________ 
Money Market Fund (023)   $  2,500 minimum                $_________ 
Municipal Money Market Fund (026)  $  2,500 minimum       $_________ 
Investors Money Fund (072)  $  1,000 minimum              $_________ 
Advantage Fund (031)      $  2,500 minimum                $_________ 
Municipal Advantage Fund (051)  $  2,500 minimum          $_________ 
$250 is the minimum for Uniform Gifts or Transfers  to Minors accounts          
($25,000                                                                        
minimum for the Heritage Money Fund).                                           
Investment method                                                               
__ Check $_______________                (Please make payable to Strong Funds.) 
__ No-Minimum Automatic Investment Program (Please complete the Automatic       
                                                                                
Investment Plan in section 5.)                                                  
__ Exchange from identically registered Strong Funds account #_____________     
                                                                                
Amount $__________                                                              
__Wire $__________                           Date of wire____________           
                                                                                
(For wire instructions, please call 1-800-368-3863.)                            
Distributions                                                                   
All dividends and capital gains will be automatically reinvested, unless you    
                                                                                
select one of the following:                                                    
__ Electronically transfer distribution to the bank account indicated on the   
                                                                                
voided bank check included with this application.    __ Mail distribution check
                                                                                
to the address in section 2.                                                    
4. Check Writing (Optional)--Money Market and Bond Funds Only                   
Reminder: We also need your signature in section 6.                             
If you would like check writing privileges on a Strong money market and/or bond 
                                                                                
fund, please write the Fund name(s) and sign below:                             
_____________________________________
Fund name(s)                                                                    
_____________________________________
Account number (to be completed by Strong Funds)                                
X______________________________________                                         
Signature (as you will sign your check)                                         
_______________________________________
Print name of account owner, custodian, or trustee                              
____________
Date                                                                            
X                                                                               
_____________________________________
Signature (as you will sign your check)                                         
_____________________________________
Print name of joint owner, co-trustee, or corporate officer                     
____________
Date                                                                            
How many owners must sign checks?    __ One   __ Two   __ All   (If no box is   
                                                                                
checked, we will accept any one signature on checks.)                           
Authorized signers must be registered owners of the account, unless corporate   
or                                                                              
other entity account. For joint owners, both signatures are required above,     
even                                                                            
if only one signature will be required on checks. Minors may not sign checks.   
                                                                                
You agree to be bound by the Check Writing Terms and Conditions found in the    
                                                                                
front of the book of checks that will be sent to you.                           


<PAGE>                                                                          

5. Account Options                                                              
Please include a voided bank check if you are establishing an Automatic         
                                                                                
Investment Plan, telephone purchase,  or telephone redemption via electronic    
                                                                                
funds transfer (EFT) or wire.                                                   
Automatic Investment Plan (AIP)                                                 
The AIP option allows you to make automatic purchases from your bank account    
                                                                                
into a Strong Funds account.                                                    
Amount invested each time ($50 minimum) $________ Fund name____________________ 
Investment frequency:  __ Once a month on the_____ day of the month   or   __ 
                                                                                
Twice a month on the______ and_______ days of the month.                       
This privilege will be effective 15 days after we receive your application. You 

may change your investment amount at any time by simply calling  or writing us. 
                                                                                
If no date or amount is chosen, your bank account will be debited $50 on the    
                                                                                
15th day of the month. This service is governed by the terms set forth in the   
                                                                                
shareholder manual and the rules of the Automated Clearing House.               
Telephone Transaction Privileges                                                
Each of these telephone privileges will be added to your account. If you do not 
                                                                                
want these options, check the boxes below.                                      
Telephone Purchase--you can purchase shares by phone with payment from your     
                                                                                
designated bank account by EFT. This option will be effective 15 days after we  
                                                                                
receive this application.    __ I do not want Telephone Purchase.             
Telephone Exchange--you can sell shares by phone from one Strong Funds account  
                                                                                
and use this money to buy shares in an  identically registered Strong Funds     
                                                                                
account. Certain Funds assess an early redemption fee.    __ I do not want    
                                                                                
Telephone Exchange.                                                             
Telephone Redemption--you can sell shares by phone and have the money sent to   
                                                                                
your address (in section 2), or to your bank account (via EFT or wire).    __I  
                                                                                
do not want Telephone Redemption.                                               
We use care to ensure that instructions communicated by phone are genuine.      
                                                                                
Strong Funds may not be liable for losses due to unauthorized  or fraudulent    
                                                                                
instructions.                                                                   
For more details about these account options (including fees, minimums, and     
bank                                                                            
information), refer to section 7 and the shareholder manual.                    
6. Signatures                                                                   
You can invest after reviewing the profile  or prospectus. To receive  a        
                                                                                
prospectus, please call 1-800-368-3863.                                         
  I have received the current fund profile and/or prospectus for the Fund(s) in 
                                                                                
which I am investing. I agree to be bound by the terms of the profile,          
                                                                                
prospectus, and shareholder manual as each may be revised from time to time. I  
                                                                                
will obtain and read the current fund profile and/or prospectus for each Fund   
                                                                                
into which I may exchange before I request the exchange. I represent that I am  
                                                                                
of legal age and have legal capacity to make this purchase.                     
  I certify under penalties of perjury that: (1) the number shown on this form  
                                                                                
is the correct Social Security number or Employer I.D. number (or that I am     
                                                                                
waiting for a number to be issued to me), and (2) I am not subject to backup    
                                                                                
withholding because: (a) I am exempt from backup withholding, or (b) I have not 
                                                                                
been notified by the Internal Revenue Service (the "IRS") that I am subject to  
                                                                                
backup withholding as a result of a failure to report all interest dividends,   
or                                                                              
(c) the IRS has notified me that I am no longer subject to backup withholding.  
                                                                                
You must cross out item (2), above, if you have been notified by the IRS that   
                                                                                
you are subject to backup withholding because of under-reporting interest or    
                                                                                
dividends on your tax returns.                                                  
  The Internal Revenue Service does not require your consent to any provision   
of                                                                              
this document other than the certifications required to avoid backup            
                                                                                
withholding.                                                                    
To complete the application, you must sign here.                                
X_____________________________________ 
Signature of owner, trustee, or custodian                                       
_______________________________________
Please print name (and title, if applicable)                                    
____________
Date                                                                            
X______________________________________ 
Signature of joint owner or co-trustee                                          
________________________________________
Please print name (and title, if applicable)                                    
____________
Date                                                                            
Corporations: Please include a certified copy of your corporate resolution, or  

call us for an alternate form.                                                  
Trusts: Please use the title "Trustee" after each signature.                    
7. Bank Information                                                             
  If you want the Automatic Investment Plan (AIP), telephone redemption to your 
                                                                                
bank account, telephone purchase with payment by EFT, or direct deposit of      
                                                                                
distributions, please attach a voided bank check. This check must be for the    
                                                                                
bank account into which  funds should be deposited by EFT or wire (for          
telephone                                                                       
redemption or direct deposit of distributions) and from which funds should be   
                                                                                
withdrawn by EFT (for AIP or telephone purchase). If you initiate a telephone   
                                                                                
purchase before 3:00 p.m. Central Time, the transfer of funds from your bank    
                                                                                
account will normally occur on the following banking day. Neither the           
applicable                                                                      
Fund nor its transfer agent will be responsible for banking system delays       
beyond                                                                          
its control. Your bank account registration MUST have one name in common with   
                                                                                
your Strong Funds account registration in section 1. The following              
authorization                                                                   
is required for EFT transactions: By signing section 6,  I authorize my bank to 
                                                                                
honor all entries to my bank account initiated through Firstar Bank Milwaukee,  
                                                                                
N.A., on behalf of the applicable Strong Fund. Neither the Fund nor its         
transfer                                                                        
agent will be liable for acting upon instructions believed genuine and in       
                                                                                
accordance with the procedures described in the prospectus. When AIP or         
                                                                                
telephone purchase transactions are presented, sufficient collected funds must  
                                                                                
be in my account to pay them. I agree that my bank's treatment and rights to    
                                                                                
respect each entry shall be the same as if it were signed personally by me. I   
                                                                                
agree that if any such entries are dishonored with good or sufficient cause, my 
                                                                                
bank shall be under no  liability whatsoever. I further agree that any such     
                                                                                
authorization, unless previously terminated by my bank in writing, is to remain 
                                                                                
in effect until five banking days after receipt by the Fund's transfer agent of 
                                                                                
my written notification to cancel the authorization.                            
[PICTURE OF VOIDED CHECK]
Please include a voided bank check if you are establishing an AIP, telephone    
                                                                                
purchase, or telephone redemption via EFT or wire.                              
x  Enclosed your check made payable to Strong Funds?
- --
Before you mail, have you:  x Included a voided check (if applicable)?          
                            --                                               
                 x Signed your application in section 6?   x Entered your Social
                 --                                        --                  
Security or tax ID number in section 1?                                         
798AP1                                                                          


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