FILED PURSUANT TO RULE 497(e)
REGISTRATION FILE NUMBERS: 33-56217
33-46403
33-18954
September 19, 1995
THE PRAIRIE FUNDS
Supplement to Prospectus Dated June 1, 1995
First Chicago Corporation, the ultimate parent of
First Chicago Investment Management Company ("FCIMCO"), the
Funds' investment adviser, has entered into a definitive merger
agreement with NBD Bancorp, Inc. ("NBD"). The Merger is
expected to be completed in late 1995.
As a result of regulatory requirements, each Fund's
Board approved, subject to shareholder approval, new investment
advisory agreements with FCIMCO and, with respect to the
International Equity Fund, a new sub-investment advisory
agreement between FCIMCO and ANB-Investment Management and Trust
Company, each to take effect upon consummation of the Merger.
For each Fund, the aggregate contractual rate chargeable for
investment advisory services will remain the same.
A special meeting of each Fund's shareholders to
consider the relevant new agreements is scheduled to be held on
November 28, 1995. A Proxy Statement with respect to the new
agreements is expected to be mailed in late September 1995 to
shareholders of record as of September 15, 1995.
