THE STELLAR FUND
STAR RELATIVE VALUE FUND
STAR MARKET CAPITALIZATION FUND
STAR GROWTH EQUITY FUND
STAR CAPITAL APPRECIATION FUND
STAR INTERNATIONAL EQUITY FUND
THE STELLAR INSURED TAX-FREE BOND FUND
STAR U.S. GOVERNMENT INCOME FUND
STAR STRATEGIC INCOME FUND
(PORTFOLIOS OF THE STAR FUNDS)
Supplement to Prospectuses dated March 31, 1998
Please delete the last two sentences of the section entitled "Additional
Distribution Payments" and replace them with the following:
"In addition, dealers will receive an amount equal to 3.2% of the net asset
value of the B Shares of the Trust purchased by their clients or customers.
These payments will not be made from assets of the Fund."
June 30, 1998
STAR BANK, N.A.
INVESTMENT ADVISER
FEDERATED SECURITIES CORP.
Distributor
Cusips 854911708 854911823
854911609854911807
854911401854911815
854911831854911856
854911773854911500
854911799854911765
854911864854911880
G00950-13 (6/98)
