GROWTH FUND
EMERGING GROWTH FUND
GROWTH AND INCOME FUND
EQUITY STRATEGY FUND
BALANCED FUND
A SERIES OF
PIPER FUNDS INC.
Supplement dated January 25, 1996 to
Prospectus dated November 27, 1995
The section of the prospectus on page 31 entitled "Special Purchase Plans --
Purchases by Other Individuals Without a Sales Charge" is amended by adding the
following paragraph:
American Government Term Trust Inc. ("AGT"), a closed-end fund which
was managed by the Adviser, recently dissolved and distributed its net
assets to shareholders. Former AGT shareholders may invest the
distributions received by them in connection with such dissolution in
shares of the Funds without payment of a sales charge. (Any such sales
are subject to the eligibility of Fund share purchases in the
shareholder's state as well as the minimum investment requirements and
other applicable terms set forth in this Prospectus.)
GOVERNMENT INCOME FUND
SHORT-INTERMEDIATE BOND FUND
A SERIES OF
PIPER FUNDS INC.
Supplement dated January 24, 1996 to
Prospectus dated November 27, 1995
The section of the prospectus on page 28 entitled "Special Purchase Plans --
Purchases by Other Individuals Without a Sales Charge" is amended by adding the
following paragraph:
American Government Term Trust Inc. ("AGT"), a closed-end fund which
was managed by the Adviser, recently dissolved and distributed its net
assets to shareholders. Former AGT shareholders may invest the
distributions received by them in connection with such dissolution in
shares of the Fund without payment of a sales charge. (Any such
sales are subject to the eligibility of Fund share purchases in the
shareholder's state as well as the minimum investment requirements and
other applicable terms set forth in this Prospectus.)
NATIONAL TAX-EXEMPT FUND
MINNESOTA TAX-EXEMPT FUND
A SERIES OF
PIPER FUNDS INC.
Supplement dated January 24, 1996 to
Prospectus dated November 27, 1995
The section of the prospectus on page 22 entitled "Special Purchase Plans --
Purchases by Other Individuals Without a Sales Charge" is amended by adding the
following paragraph:
American Government Term Trust Inc. ("AGT"), a closed-end fund which
was managed by the Adviser, recently dissolved and distributed its net
assets to shareholders. Former AGT shareholders may invest the
distributions received by them in connection with such dissolution in
shares of the Fund without payment of a sales charge. (Any such
sales are subject to the eligibility of Fund share purchases in the
shareholder's state as well as the minimum investment requirements and
other applicable terms set forth in this Prospectus.)
INSTITUTIONAL GOVERNMENT INCOME FUND
A SERIES OF
PIPER FUNDS INC.
Supplement dated January 24, 1996 to
Prospectus dated November 27, 1995
The section of the prospectus on page 28 entitled "Purchase Plans -- Special
Purchase Plans" is amended by adding the following paragraph:
Purchases by former shareholders of American Government Term Trust Inc.
American Government Term Trust Inc. ("AGT"), a closed-end fund which
was managed by the Adviser, recently dissolved and distributed its net
assets to shareholders. Former AGT shareholders may invest the
distributions received by them in connection with such dissolution in
shares of the Fund without payment of a sales charge. (Any such sales
are subject to the eligibility of Fund share purchases in the
shareholder's state as well as the minimum investment requirements and
other applicable terms set forth in this Prospectus.)
