Please file this Prospectus Supplement with your
records.
STRONG SHORT-TERM MUNICIPAL BOND FUND
STRONG MUNICIPAL BOND FUND
STRONG HIGH-YIELD MUNICIPAL BOND FUND
Supplement to the Prospectus dated January 1, 1997
Effective January 1, 1998, the Strong Short-Term Municipal Bond
and Strong Municipal Bond Funds may invest up to 15% of each
Fund's net assets in non-investment grade debt, otherwise known
as high-yield (high-risk) securities or "junk bonds" (e.g.,
those debt obligations rated as high as BB by Standard & Poor's
Ratings Group ("S&P") and as low as C by S&P). Previously,
the Strong Short-Term Municipal Bond Fund was not allowed to
invest in non-investment grade debt obligations and the Strong
Municipal Bond Fund could only invest up to 5% of its net
assets in non-investment grade debt obligations. Please see
page I-14 of the Funds' prospectus for information on high-
yield (high-risk) securities.
This Prospectus Supplement is dated October 24, 1997.
