PLEASE FILE THIS PROSPECTUS SUPPLEMENT WITH YOUR RECORDS.
STRONG CASH MANAGEMENT FUNDS
INVESTOR CLASS
STRONG HERITAGE MONEY FUND
STRONG INVESTORS MONEY FUND
STRONG MONEY MARKET FUND
STRONG MUNICIPAL MONEY MARKET FUND
STRONG ADVANTAGE FUND
STRONG MUNICIPAL ADVANTAGE FUND
Supplement to the Prospectus dated July 1, 2000
Effective October 2, 2000, the prospectus is revised as follows:
The second and third sentences under the "Fund Structure" paragraph on page 4
of the prospectus are deleted and replaced with the following:
"The ADVANTAGE FUND, the HERITAGE MONEY FUND, and the MUNICIPAL ADVANTAGE FUND
offer Investor Class shares, Advisor Class shares, and Institutional Class
shares. The INVESTORS MONEY FUND, the MONEY MARKET FUND, and the MUNICIPAL
MONEY MARKET FUND offer only Investor Class shares."
The second sentence under the "Multiple Class Plan" paragraph on page 24 of the
prospectus is deleted and replaced with the following:
"The ADVANTAGE FUND, the HERITAGE MONEY FUND, and the MUNICIPAL ADVANTAGE FUND
offer Investor Class shares, Advisor Class shares, and Institutional Class
shares. The INVESTORS MONEY FUND, the MONEY MARKET FUND, and the MUNICIPAL
MONEY MARKET FUND offer only Investor Class shares."
STRONG ADVANTAGE FUND
STRONG MUNICIPAL ADVANTAGE FUND
Effective July 31, 2000, the following information replaces, where appropriate,
the information related to the Advantage Fund and the Municipal Advantage Fund
found on page 8 of the funds' prospectus:
ANNUAL FUND OPERATING EXPENSES (AS A PERCENT OF AVERAGE NET ASSETS)
<TABLE>
<CAPTION>
<S> <C> <C> <C>
TOTAL ANNUAL FUND
FUND MANAGEMENT FEES OTHER EXPENSES OPERATING EXPENSES
------------------- ---------------- -------------- ------------------
Advantage 0.30% 0.46% 0.76%
Municipal Advantage 0.30% 0.33% 0.63%
</TABLE>
The date of this Prospectus Supplement is October 2, 2000.
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<PAGE>
PLEASE FILE THIS PROSPECTUS SUPPLEMENT WITH YOUR RECORDS.
STRONG MUNICIPAL ADVANTAGE FUND
INSTITUTIONAL CLASS
Supplement to the Prospectus dated July 31, 2000
Effective October 2, 2000 the prospectus is revised as follows:
The "Fund Structure" paragraph on page 3 of the prospectus is revised to read:
"The fund has adopted a multiple class plan. It offers Investor Class shares,
Advisor Class shares, and Institutional Class shares. Only the Institutional
Class shares of the fund are offered in this prospectus. The principal
differences between each of the classes of shares are that the Advisor Class
shares are subject to distribution fees and expenses under a 12b-1 plan, and
each class of shares is subject to different administrative and transfer agency
fees and expenses. Because 12b-1 fees are paid out of the fund's assets on an
on-going basis, over time, these fees will increase the cost of an investment
in Advisor Class shares and may cost more than paying other types of sales
charges."
The "Multiple Class Plan" paragraph on page 13 of the prospectus is revised to
read:
"The fund has adopted a multiple class plan. It offers Investor Class shares,
Advisor Class shares, and Institutional Class shares. Each class is offered at
its net asset value without the imposition of any sales load; however, each
class of shares is subject to fees and expenses which may differ between
classes. The principal differences between each of the classes of shares are
that the Advisor Class shares are subject to distribution fees and expenses
under a 12b-1 plan, and each class of shares is subject to different
administrative and transfer agency fees and expenses."
The date of this Prospectus Supplement is October 2, 2000.
1
<PAGE>
