TAX-FREE FUND OF COLORADO
Supplement to the Prospectuses and
Statement of Additional Information
Dated May 1, 2000
The shareholders of the Fund have approved changes to the
Fund's management agreements that provide for level payment rates
in management fees regardless of asset size of the Fund. The
reduction in fees that formerly applied if Fund assets exceeded
$250 million has been eliminated. Since Fund assets are less than
$250 million, the changes will not result in any current change in
management fees. The shareholders of the Fund have also approved
changes to the Fund's Distribution Plan that will permit increases
in the permitted rate of payments with respect to Class A Shares
up to 0.15 of 1%. There is, however, no current intention to
increase the actual rate above current levels.
The date of this supplement is August 31, 2000
