The Munder Funds
Supplement Dated September 30, 1996 to Prospectus Dated
October 28, 1995
Class A, B and C 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 and
Munder Balanced 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/suppabc.doc
