Rule 497(e)
33-34841 and 811-6011
THE MONTGOMERY FUNDS
Supplement dated January 20, 1998 to
Prospectus dated October 15, 1997
For the Montgomery Short Duration Government Bond Fund--Class R Shares
The Manager will waive its entire management fee and all other operating
expenses from January 12, 1998 through June 30, 1998.
Formerly, the Fund's management fee was limited to an annual rate of 0.50%
and all other expenses, for the Fund's Class R shares, were limited to an
annual rate of 0.10%. Please see the Prospectus for more information about
fees and expenses.
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Rule 497(e)
33-34841 and 811-6011
THE MONTGOMERY FUNDS
Supplement dated January 20, 1998 to
Prospectus dated October 15, 1997
For the Montgomery Short Duration Government Bond Fund--Class P Shares
The Manager will waive its entire management fee and all other operating
expenses from January 12, 1998 through June 30, 1998.
Formerly, the Fund's management fee was limited to an annual rate of 0.50%
and all other expenses for the Fund's Class P shares were limited to an
annual rate of 0.35% (including a 12b-1 fee of 0.25%). Please see the
Prospectus for more information about fees and expenses.
