Please file this Prospectus Supplement with your records.
STRONG U.S. TREASURY MONEY FUND
STRONG MONEY MARKET FUND
STRONG ADVANTAGE FUND
STRONG SHORT-TERM BOND FUND
STRONG GOVERNMENT SECURITIES FUND
STRONG CORPORATE BOND FUND
Supplement to Prospectus dated May 1, 1995
The following portfolio-management changes are effective January 1, 1996:
Strong Short-Term Bond Fund. Mr. Lyle J. Fitterer will join Mr. Bradley C.
Tank as co-portfolio manager of the Fund. Mr. Fitterer joined Strong Capital
Management, the Fund's Advisor, in 1989 after receiving his bachelor's degree
in accounting from the University of North Dakota. Previously, he served the
Advisor as a fixed-income research analyst and trader. Mr. Fitterer has also
served as a trader for the Advisor's equity products and as manager of the
Strong Funds' fixed-income accounting department. He is a Certified Public
Accountant.
Strong Corporate Bond Fund. Mr. John T. Bender will join Mr. Jeffrey A. Koch
as co-portfolio manager of the Fund. Mr. Bender began his career at Strong
Capital Management, the Fund's Advisor, in 1987 as an intern in the mutual
fund accounting department. After receiving his bachelor's degree from
Marquette University in 1988, he became an accountant in Strong's shareholder
and accounting compliance department. He subsequently joined the investment
team as an equity trader, and later became a fixed-income research analyst and
a trader. He is both a Chartered Financial Analyst and a Certified Public
Accountant.
For more information on Messrs. Tank and Koch, please see page I-33 of the
Funds' prospectus.
over, please
Non-Investment-Grade Debt Obligations (Strong Short-Term Bond Fund)
Effective January 1, 1996, in addition to its investments in investment-grade
debt obligations, the Strong Short-Term Bond Fund may invest, when the
Advisor deems it consistent with the Fund's investment objective and in the
best interest of its shareholders, up to 25% of its net assets in debt
obligations rated in the fifth-highest rating category by a Nationally
Recognized Statistical Rating Organization or "NRSRO" (e.g., BB by Standard
and Poors Ratings Group or "S&P") or, if unrated, which are determined by the
Advisor to be of comparable quality ("BB Securities"). Previously, the Fund
was limited to investing up to 5% of its assets in non-investment-grade debt
obligations (e.g., those rated C or better by S&P, including BB Securities).
In general, BB Securities are regarded as predominantly speculative with
respect to the capacity of the issuer to pay interest and repay principal.
However, BB Securities are considered to be the category immediately below
investment-grade by the NRSROs and the Fund's Advisor, carrying the lowest
degree of speculative risk among the non-investment-grade rating categories.
This information supersedes the information relating to the Fund's authority
to invest in non-investment-grade debt obligations contained on page I-18 of
the Fund's Prospectus.
The date of this Prospectus Supplement is December 20, 1995.
