File No. 033-30394
Under Rule 497(e) of Regulation C
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Columbia
CMC SMALL CAP FUND
Portfolio of CMC Fund Trust
Supplement to the Prospectus dated December 24, 1997
Small Cap Fund. The section of the Prospectus entitled "Small Cap Fund,"
appearing on page 1, is amended by replacing the first sentence of the first
paragraph with the following:
"The Small Cap Fund's investment objective is to achieve capital
appreciation by investing principally in common stocks or securities
convertible into common stocks of companies that each have an aggregate
market valuation of less than $1 billion ("small cap")."
DESCRIPTION OF THE FUNDS. The section of the Prospectus entitled "DESCRIPTION OF
THE FUNDS," appearing on page 7, is amended by replacing the second sentence of
the first paragraph with the following:
"As of the date of this Prospectus, a company is considered small cap
if it has an aggregate market valuation of less than $1 billion."
June 24, 1998
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Columbia
CMC HIGH YIELD FUND
Portfolio of CMC Fund Trust
Supplement to the Prospectus dated December 24, 1997
DISTRIBUTIONS. The section of the Prospectus entitled "DISTRIBUTIONS," appearing
on page 9, is amended by replacing the second sentence of the second paragraph
with the following:
"The Fund generally distributes substantially all of its net realized
capital gains to shareholders once a year, usually in October."
June 24, 1998
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Columbia
CMC SHORT TERM BOND FUND
Portfolio of CMC Fund Trust
Supplement to the Prospectus dated December 24, 1997
DISTRIBUTIONS. The section of the Prospectus entitled "DISTRIBUTIONS," appearing
on page 7, is amended by replacing the second sentence of the second paragraph
with the following:
"The Fund generally distributes substantially all of its net realized
capital gains to shareholders once a year, usually in October."
June 24, 1998
