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PIPER FUNDS INC.
SMALL COMPANY GROWTH FUND, EMERGING GROWTH FUND, GROWTH FUND,
GROWTH AND INCOME FUND, BALANCED FUND AND MONEY MARKET FUND
PIPER GLOBAL FUNDS INC.
EMERGING MARKETS FUND AND PACIFIC-EUROPEAN GROWTH FUND
SUPPLEMENT DATED APRIL 20, 1998 TO PROSPECTUSES DATED NOVEMBER 24, 1997
Effective April 21, 1998, the series of Piper Funds Inc. and Piper Global
Funds Inc. listed above will no longer offer Class B shares. Any outstanding
Class B shares of a series automatically will be converted to Class A shares of
the same series as of the close of business on April 30, 1998. No contingent
deferred sales charges or other fees will be imposed in connection with this
conversion.
