FILED PURSUANT TO RULE 497(e)
REGISTRATION FILE NOS. 33-56217
33-18954
33-46403
February 14, 1996
THE PRAIRIE FUNDS
Supplement to Prospectus
Dated June 1, 1995
The following information supplements and supersedes any
contrary information contained in the description of the Bond Fund
on page 3 of the Prospectus.
The Bond Fund seeks to provide as high a level of current
income as is consistent with the preservation of capital. This
Fund will invest primarily in a portfolio of U.S. dollar
denominated investment grade fixed-income securities of domestic
and foreign issuers, without regard to maturity.
* * *
The following information supersedes any contrary
information contained in the Financial Highlights for the Municipal
Money Market Fund in the Prospectus under the caption "Condensed
Financial Information."
The total investment return for the Municipal Money
Market Fund for the fiscal years ended December 31, 1993 and 1994
was 1.75% and 2.36%, respectively.
