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HIGHMARK FUNDS
Equity Funds
Fixed Income Funds
Supplement dated August 25, 1998 to
Retail Shares Prospectus dated November 30, 1997
INVESTORS SHOULD RETAIN THIS SUPPLEMENT
WITH THE PROSPECTUS FOR FUTURE REFERENCE
CAPITALIZED TERMS USED HEREIN HAVE THE SAME MEANING AS IN THE PROSPECTUS
Effective August 25, 1998, the information under "Alternative Sales Charge
Options -- Front-End Sales Charge Waivers" on page 33 of the Prospectus is
hereby amended as follows:
(8) Investors purchasing Class A Shares with proceeds from a redemption of
Shares of another open-end investment company (other than HighMark Funds) on
which a sales charge was paid. Satisfactory evidence of the purchaser's
eligibility must be provided at the time of purchase (e.g., a confirmation of
the redemption);
HMR-898
