PIPER GLOBAL FUNDS INC /MN
497, 1995-07-19
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                          PACIFIC-EUROPEAN GROWTH FUND

                       A SERIES OF PIPER GLOBAL FUNDS INC.

                       Supplement dated July 19, 1995 to
            Statement of Additional Information dated April 28, 1995


     John T. Golle has resigned as a member of the Board of Directors of Piper
Global Funds Inc. effective June 1, 1995.











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