The Munder Funds
Supplement Dated September 30, 1996 to Prospectus Dated
October 28, 1995
Class K Shares of:
Munder Multi-Season Growth Fund, Munder Real Estate
Equity Investment Fund, Munder Accelerating Growth Fund,
Munder Small Company Growth Fund, Munder Mid-Cap Growth
Fund, Munder International Equity Fund, Munder Index 500
Fund, Munder Growth & Income Fund, Munder Value Fund,
Munder Balanced Fund, Munder Bond Fund, Munder
Intermediate Bond Fund, Munder U.S. Government Income
Fund, Munder Michigan Triple Tax-Free Bond Fund, Munder
Tax-Free Bond Fund, Munder Tax-Free Intermediate Bond
Fund, Munder Tax-Free Money Market Fund, Munder U.S.
Treasury Money Market Fund and Munder Cash Investment
Fund
For Missouri Investors
The Accelerating Growth Fund and the Growth & Income
Fund may experience high portfolio turnover. A high
portfolio turnover rate involves larger brokerage
commission expenses or transaction costs which must be
borne directly by a Fund, and may result in the
realization of short-term capital gains which are
taxable to shareholders as ordinary income. See
"Portfolio Instruments and Practices - Portfolio
Transactions and Turnover."
The Growth & Income Fund may hold up to 20% of its total
assets in "junk bonds" or securities that are rated
below investment grade by Standard and Poor's
Corporation ("S&P") or Moody's Investors Service, Inc.
("Moody's"). See "Portfolio Instruments and Practices -
Equity Securities" for additional information regarding
the risks associated with such investments.
The Small Company Growth Fund's and the International
Equity Fund's primary investments entail a degree of
risk that is not appropriate for investors requiring
stability of principal or income from their investments.
See "Investment Objectives and Policies - Small Company
Growth Fund" and "Portfolio Instruments and Practices -
Foreign Securities."
shared/bankgrp/munder/stickers/suppk.doc
