The Munder Funds
Supplement Dated January 2, 1997
to Prospectus Dated October 28, 1996
Class K Shares of:
Munder Accelerating Growth Fund, Munder Balanced Fund, Munder
Equity Selection Fund, Munder Growth & Income Fund, Munder Index
500 Fund, Munder International Equity Fund, Munder Micro-Cap Equity
Fund, Munder Mid-Cap Growth Fund, Munder Multi-Season Growth Fund,
Munder Real Estate Equity Investment Fund, Munder Small-Cap Value
Fund, Munder Small Company Growth Fund, Munder Value Fund, Munder
Bond Fund, Munder Intermediate Bond Fund, Munder International 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 Cash Investment Fund, Munder Tax-
Free Money Market Fund and Munder U.S. Treasury Money Market Fund
CHANGE IN DIVIDEND DETERMINATION TIME WITH RESPECT TO MUNDER CASH
INVESTMENT FUND AND MUNDER U.S. TREASURY MONEY MARKET FUND
(THE "FUNDS")
Shares of the Funds are sold at net asset value per share
next determined after a purchase order is received and becomes
effective. Purchase orders by an institution for shares in the
Funds become effective when the purchase order is received,
together with payment, by First Data Investor Services Group, Inc.
(the "Transfer Agent") by 4:00 p.m. (Eastern time) on any day on
which the New York Stock Exchange is open for business. A purchase
order received by the Transfer Agent after such time will not be
accepted; notice thereof will be given to the institution placing
the order, and any funds received will be returned promptly to the
sending institution.
Effective January 2, 1997, shareholders of the Funds whose purchase
orders are received and become effective by 2:45 p.m. (Eastern
Time) receive dividends for that day. Shareholders whose
redemption orders have been received by 2:45 p.m. (Eastern Time)
will not receive dividends for that day, while shareholders whose
redemption orders are received after 2:45 p.m. (Eastern Time) will
receive that day's dividends.
shared/bankgrp/munder.stickers/mmkstkr
