Rule 497(e)
Registration No. 33-12738
FUNDAMENTAL FIXED-INCOME FUND
TAX-FREE MONEY MARKET SERIES
Supplement Dated April 1, 1999
to Prospectus Dated May 1, 1998
The following information supplements and supersedes any contrary
information contained in the Fund's Prospectus:
In order to take advantage of investment opportunities and
increase the Tax-Free Money Market Series' (the "Money Market Series")
flexibility when selecting investments, the Money Market Series' investment
policy prohibiting investments in other investment companies, except as part of
a merger, consolidation, or acquisition of assets, has been amended to permit it
to invest in other investment companies. Upon investing in other investment
companies, the Money Market Series will bear a portion of the expenses of the
underlying fund or funds, in addition to its own expenses. The Investment
Company Act of 1940 (the "1940 Act") currently limits the amount an investment
company may invest in other investment companies. Under these limitations, the
Money Market Series may only purchase up to 3% of the total outstanding
securities of any underlying fund. In addition, an underlying fund whose shares
are purchased by the Money Market Series will be obligated to redeem shares held
by the Money Market Series in an amount up to 1% of the underlying fund's
outstanding securities during any period less than 30 days. Because of the 1940
Act limitations, shares held by the Money Market Series in excess of 1% of an
underlying fund's outstanding securities will be considered not readily
marketable securities, which together with other such securities may not exceed
10% of the Money Market Series' assets.
