FILED PURSUANT TO RULE 497(e)
REGISTRATION FILE NO. 33-18954
July 25, 1995
PRAIRIE MUNICIPAL BOND FUND
Supplement to Prospectus
Dated June 1, 1995
On July 12, 1995, First Chicago Corporation, the parent
of the Fund's investment adviser, First Chicago Investment
Management Company, announced that it had signed a definitive
merger agreement with NBD Bancorp, Inc. NBD Bancorp is a large
Michigan based bank holding company with banks located primarily
in Michigan, Illinois and Indiana. The merger is expected to be
completed in the first quarter of 1996.
As a result of regulatory requirements, certain
approvals related to the Fund will be sought from the Fund's
board and shareholders before completion of the merger.
Shareholder approval will be solicited by a proxy statement.
