<PAGE> 1
OVERLAND EXPRESS FUNDS, INC.
MUNICIPAL INCOME FUND
SUPPLEMENT DATED NOVEMBER 20, 1995
TO PROSPECTUS DATED MAY 1, 1995
AS SUPPLEMENTED ON MAY 31, 1995
This Supplement applies only to investors resident in Ohio who purchase
shares of the Municipal Income Fund:
The prospectus for the Fund does not comply with Ohio
Administrative Code 1301:6-3-09(E)(12), which relates to the limitation
on the Fund's investments in restricted securities, thereby
distinguishing the Fund from an open-end investment company that meets
all of the requirements of paragraphs (E) or (F)(3) of Section
1301:6-3-09 of the Ohio Administrative Code. In accord with Ohio
Administrative Code Section 1301:6-3-09(G) and as long as the Fund's
shares are registered for sale to investors resident in Ohio, the Fund
will be permitted to invest more than fifteen percent (15%), but will
not invest more than forty-five percent (45%), of its total assets in
the "securities of issuers...which are restricted as to disposition" in
so far as the Ohio Administrative Code requires this limitation.
<PAGE> 2
OVERLAND EXPRESS FUNDS, INC.
MONEY MARKET FUND -- INSTITUTIONAL SHARES
U.S. TREASURY MONEY MARKET FUND -- INSTITUTIONAL SHARES
SUPPLEMENT DATED NOVEMBER 20, 1995
TO PROSPECTUS DATED MAY 1, 1995
AS SUPPLEMENTED ON JULY 31, 1995
This Supplement applies only to investors resident in Ohio who purchase
Institutional Shares of the Money Market Fund and U.S. Treasury Money Market
Fund:
The prospectus for the Fund does not comply with Ohio
Administrative Code 1301:6-3-09(E)(12), which relates to the limitation
on the Fund's investments in restricted securities, thereby
distinguishing the Fund from an open-end investment company that meets
all of the requirements of paragraphs (E) or (F)(3) of Section
1301:6-3-09 of the Ohio Administrative Code. In accord with Ohio
Administrative Code Section 1301:6-3-09(G) and as long as the Fund's
shares are registered for sale to investors resident in Ohio, the Fund
will be permitted to invest more than fifteen percent (15%), but will
not invest more than forty-five percent (45%), of its total assets in
the "securities of issuers...which are restricted as to disposition" in
so far as the Ohio Administrative Code requires this limitation.
