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FIRST AMERICAN INVESTMENT FUNDS, INC. TAX FREE INCOME FUNDS -- RETAIL CLASS SUPPLEMENT DATED AUGUST 21, 1995 TO PROSPECTUS DATED JANUARY 31, 1995 LIMITED TERM TAX FREE INCOME FUND Effective immediately, no new investments will be accepted by Limited Term Tax Free Income Fund. Management is considering proposing the merger or other discontinuation of this Fund. Meanwhile, existing investors may continue to have their dividends and capital gain distributions reinvested in shares of this Fund.
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