Rule 497(e)
Registration No.: 33-12738
FUNDAMENTAL FIXED-INCOME FUND
FUNDAMENTAL U. S. GOVERNMENT
STRATEGIC INCOME FUND
SUPPLEMENT DATED MAY 27, 1997
TO PROSPECTUS DATED APRIL 30, 1997
The independent trustees are in the process of considering
other fund organizations willing to manage the Fundamental Funds and it is
expected that a new manager will be selected. In any event, it is unlikely that
a majority of the Fund's independent trustees will approve the current
Investment Management Agreement beyond December 31, 1997.
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Rule 497(e)
Registration Number: 33-12738
FUNDAMENTAL FIXED-INCOME FUND
TAX-FREE MONEY MARKET FUND
SUPPLEMENT DATED MAY 27, 1997
TO PROSPECTUS DATED APRIL 30, 1997
The independent trustees are in the process of considering other fund
organizations willing to manage the Fundamental Funds and it is expected that a
new manager will be selected. In any event, it is unlikely that a majority of
the Fund's independent trustees will approve the current Investment Management
Agreement beyond December 31, 1997.
<PAGE>
Rule 497(e)
Registration Number: 33-12738
FUNDAMENTAL FIXED-INCOME FUND
HIGH-YIELD MUNICIPAL BOND FUND
SUPPLEMENT DATED MAY 27, 1997
TO PROSPECTUS DATED APRIL 30, 1997
The independent trustees are in the process of considering other fund
organizations willing to manage the Fundamental Funds and it is expected that a
new manager will be selected. In any event, it is unlikely that a majority of
the Fund's independent trustees will approve the current Investment Management
Agreement beyond December 31, 1997.
