FIRST AMERICAN INVESTMENT FUNDS, INC.
LIMITED TERM INCOME FUND
Supplement dated October 11, 1999
To Prospectus dated February 1, 1999
Under the heading "Main Investment Strategies"
on page 10 of the prospectus, the fifth
paragraph has been deleted and replaced in its
entirety to read as follows:
UNDER NORMAL MARKET CONDITIONS, THE
FUND ATTEMPTS TO MAINTAIN A WEIGHTED
AVERAGE MATURITY FOR ITS PORTFOLIO
SECURITIES OF ONE TO THREE YEARS AND AN
AVERAGE EFFECTIVE DURATION OF ONE TO
THREE YEARS.
[LOGO] FIRST AMERICAN FUNDS
THE POWER OF DISCIPLINED INVESTING(R)
10/1999 353-99
