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THE ACHIEVEMENT FUNDS TRUST
Municipal Bond Fund
Short Term Municipal Bond Fund
Idaho Municipal Bond Fund
SUPPLEMENT DATED NOVEMBER 22, 1996
TO PROSPECTUSES DATED JUNE 1, 1996
FOR RETAIL CLASS A SHARES
MUNICIPAL BOND FUND
The discussion appearing under the heading "PURCHASE, EXCHANGE
AND REDEMPTION OF SHARES - Sales Charge Waivers" is supplemented by adding the
following at the end thereof:
The Trust will waive the sales charge for shares of the
Municipal Bond Fund purchased on or before December 31, 1996. The
period during which the waiver is available may be extended by the Trust
to March 31, 1997. Please contact a Participating Dealer concerning the
current availability of this sales charge waiver.
SHORT TERM MUNICIPAL BOND FUND
IDAHO MUNICIPAL BOND FUND
The discussion appearing under the heading "PURCHASE, EXCHANGE
AND REDEMPTION OF SHARES - Sales Charge Waivers" is supplemented by adding the
following at the end thereof:
The Trust will waive the sales charge for shares of the Short
Term Municipal Bond Fund and Idaho Municipal Bond Fund purchased on or
before December 31, 1996. The period during which the waiver is
available may be extended by the Trust to March 31, 1997. Please
contact a Participating Dealer concerning the current availability of
this sales charge waiver.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
ACH-B-009-01
ACH-A-019-01
