INFINITY MUTUAL FUNDS INC /MD/
DEFA14A, 1999-11-18
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                            SCHEDULE 14A INFORMATION

PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934

Filed by the Registrant [X]

Filed by a Party other than the Registrant [ ]

Check the appropriate box:

[ ]    Preliminary Proxy Statement

[ ]    Confidential, for use of the Commission Only (as permitted by
       Rule 14a-6(e)(2))

[ ]    Definitive Proxy Statement

[X]    Definitive Additional Materials

[ ]    Soliciting Material Pursuant to (ss.)240.14a-11(c) or (ss.)240.14a-12

                         The Infinity Mutual Funds, Inc.
      --------------------------------------------------------------------
                (Name of Registrant as Specified In Its Charter)


      ---------------------------------------------------------------------
     (Name of Person(s) Filing Proxy Statement if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

[X]      No fee required.

[ ]      Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-
         11.

          (1)  Title of each class of securities to which transaction applies:

          (2)  Aggregate number of securities to which transaction applies:

          (3)  Per unit price or other underlying value of transaction computed
               pursuant to Exchange Act Rule 0-11 (Set forth the amount on which
               the filing fee is calculated and state how it was determined):

          (4)  Proposed maximum aggregate value of transaction:

          (5)  Total fee paid:

[ ]      Fee paid previously with preliminary materials.

[ ]      Check box if any part of the fee is offset as provided by Exchange
         Act Rule 0-11(a)(2) and identify the filing for which the offsetting
         fee was paid previously. Identify the previous filing by registration
         statement number, or the Form or Schedule and the date of its filing.

          (1)  Amount Previously Paid:

          (2)  Form, Schedule or Registration Statement No.:

          (3)  Filing Party:

          (4)  Date Filed:
<PAGE>


                                                    November 17, 1999

                           CORRESPONDENT CASH RESERVES
                             MONEY MARKET PORTFOLIO

             THE SPECIAL MEETING OF SHAREHOLDERS HAS BEEN ADJOURNED
                           TO FRIDAY, DECEMBER 3, 1999

Dear Shareholder,

We are writing to inform you that the Special Meeting of Shareholders for the
Correspondent Cash Reserves Money Market Portfolio scheduled for Friday,
November 12, 1999, has been adjourned to Friday, December 3, 1999. The Adjourned
Meeting will be held at 1285 Avenue of the Americas, 14th floor, New York, NY
10019. The Fund's records indicate that you were a holder as of August 17, 1999
of this particular Fund and still have not issued a vote for the proposal put
forth. If you do not recognize this investment, please contact your investment
representative.

The Fund is asking shareholders to consider a proposal to approve an Agreement
and Plan of Conversion and Termination providing for the conversion of this Fund
to LIR Premier Money Market Fund, a new series of Mitchell Hutchins LIR Money
Series. Mitchell Hutchins, the current investment advisor, will continue to
provide advisory services to LIR Premier Money Market Fund.

Please note that we have set up three convenient methods by which to execute
your vote for the Meeting. Please utilize one of the following options to vote
your shares. Please see the proxy statement previously mailed to you for further
information. If you would like another copy of the proxy statement, please call
1-800-603-1741.

Proxy solicitation can be very expensive. In order to avoid the additional
expense of further solicitation, we ask your cooperation in voting your shares
as soon as possible.

THE BOARD OF DIRECTORS RECOMMENDS YOU VOTE "FOR" THE PROPOSAL SET FORTH IN THE
PROXY STATEMENT.


     1.   BY PHONE: Please call 1-800-603-1741. Representatives are
                    available Monday through Friday between the hours of 9:00
                    a.m. and 11:00 p.m. and Saturday from 12:00 p.m. to 6:00
                    p.m. (eastern time).

     2.   BY FAX:   Please fax your executed ballot to 1-800-733-1885.

     3.   BY MAIL:  Complete the enclosed proxy card and return it in the
                    enclosed postage-paid envelope. Considering the
                    above-average volume in mail this time of year; please
                    utilize this option only if either of the above methods is
                    unavailable since there is no guarantee that we will receive
                    your vote in time for the Meeting.

                    PLEASE TAKE A FEW MOMENTS AND VOTE TODAY!

Thank you for your time and understanding.


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