BENHAM UTILITIES INCOME FUND
SUPPLEMENT dated June 21, 1996 to Prospectus dated February 26, 1996
1. On page 22, under the subheading "BROKER-DEALER TRANSACTIONS," the first
paragraph is hereby amended to read as follows:
The Benham Group charges no sales commissions, or "loads," of any kind.
However, investors who do not choose to purchase or sell Fund shares
directly from BFS may purchase or sell Fund shares through registered
broker-dealers and other qualified service providers, who may charge
investors fees for their services. These broker-dealers and service
providers generally provide shareholder, administrative and/or accounting
services which would otherwise be provided by BFS as the Fund's transfer
agent. To accommodate these investors, BMC and its affiliates have entered
into agreements with some broker-dealers and service providers to provide
these services. Fees for such services are borne normally by a Fund at the
rates normally paid to BFS, which would otherwise provide the services. Any
distribution expenses associated with these arrangements are borne by BMC.
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BENHAM GLOBAL GOLD FUND
Formerly known as the Benham Gold Equities Index Fund
SUPPLEMENT dated June 21, 1996 to Prospectus dated February 26, 1996
1. On page 22, under the subheading "BROKER-DEALER TRANSACTIONS," the first
paragraph is hereby amended to read as follows:
The Benham Group charges no sales commissions, or "loads," of any kind.
However, investors who do not choose to purchase or sell Fund shares
directly from BFS may purchase or sell Fund shares through registered
broker-dealers and other qualified service providers, who may charge
investors fees for their services. These broker-dealers and service
providers generally provide shareholder, administrative and/or accounting
services which would otherwise be provided by BFS as the Fund's transfer
agent. To accommodate these investors, BMC and its affiliates have entered
into agreements with some broker-dealers and service providers to provide
these services. Fees for such services are borne normally by a Fund at the
rates normally paid to BFS, which would otherwise provide the services. Any
distribution expenses associated with these arrangements are borne by BMC.
<PAGE>
BENHAM GLOBAL NATURAL RESOURCES INDEX FUND
SUPPLEMENT dated June 21, 1996 to Prospectus dated February 26, 1996
1. On page 22, under the subheading "BROKER-DEALER TRANSACTIONS," the first
paragraph is hereby amended to read as follows:
The Benham Group charges no sales commissions, or "loads," of any kind.
However, investors who do not choose to purchase or sell Fund shares
directly from BFS may purchase or sell Fund shares through registered
broker-dealers and other qualified service providers, who may charge
investors fees for their services. These broker-dealers and service
providers generally provide shareholder, administrative and/or accounting
services which would otherwise be provided by BFS as the Fund's transfer
agent. To accommodate these investors, BMC and its affiliates have entered
into agreements with some broker-dealers and service providers to provide
these services. Fees for such services are borne normally by a Fund at the
rates normally paid to BFS, which would otherwise provide the services. Any
distribution expenses associated with these arrangements are borne by BMC.
<PAGE>
BENHAM INCOME & GROWTH FUND
BENHAM EQUITY GROWTH FUND
SUPPLEMENT dated June 21, 1996 to Prospectus dated February 26, 1996
1. On page 22, under the subheading "BROKER-DEALER TRANSACTIONS," the first
paragraph is hereby amended to read as follows:
The Benham Group charges no sales commissions, or "loads," of any kind.
However, investors who do not choose to purchase or sell Fund shares
directly from BFS may purchase or sell Fund shares through registered
broker-dealers and other qualified service providers, who may charge
investors fees for their services. These broker-dealers and service
providers generally provide shareholder, administrative and/or accounting
services which would otherwise be provided by BFS as the Fund's transfer
agent. To accommodate these investors, BMC and its affiliates have entered
into agreements with some broker-dealers and service providers to provide
these services. Fees for such services are borne normally by a Fund at the
rates normally paid to BFS, which would otherwise provide the services. Any
distribution expenses associated with these arrangements are borne by BMC.
