FREMONT MUTUAL FUNDS INC
497, 1998-06-17
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FREMONT MUTUAL FUNDS, INC.

Supplement dated June 22, 1998 to Prospectus dated March 1, 1998

     As of June 22,  1998,  Investors  Fiduciary  Trust  Company  ("IFTC"),  801
Pennsylvania,  Kansas City,  Missouri,  64105,  is the new custodian for Fremont
Mutual Funds, Inc.

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