Rule 497(e)
File Nos. 33-34841 and 811-6011
THE MONTGOMERY FUNDS
Supplement dated April 20, 1999, to the
Prospectus
dated January 31, 1999, as supplemented
For the Montgomery Short Duration Government Bond Fund and the Montgomery Total
Return Bond Fund
Marie Chandoha has been named a co-portfolio manager of the Montgomery Short
Duration Government Bond Fund and and the Montgomery Total Return Bond Fund. She
will manage these Funds together with William Stevens, the current senior
portfolio manager. Ms. Chandoha joined Montgomery in 1999. From 1996 to 1999,
she was Chief Bond Strategist at Goldman Sachs & Co. where she advised
institutional clients on optimal asset allocation strategies in the U.S. bond
markets. Prior to that, she held positions as a Managing Director, Global Fixed
Income and Economics Research, at Credit Suisse First Boston (1994 to 1996); a
research analyst in mortgage securities at Morgan Stanley and an economist at
the Federal Reserve Bank of New York.
For the Montgomery Federal Tax-Free Money Fund, the Montgomery California
Tax-Free Intermediate Bond Fund and the Montgomery California Tax-Free Money
Fund
Monica Wong has been named a co-portfolio manager of the Montgomery Federal
Tax-Free Money Fund, the Montgomery California Tax-Free Intermediate Bond Fund,
and Montgomery California Tax-Free Money Fund. She will manage these Funds
together with William Stevens, the current senior portfolio manager. Ms. Wong
joined Montgomery in 1997. From 1993 to 1997, she was responsible for trading
and underwriting municipal securities at O'Connor and Company Securities. Prior
to that, she served as a financial advisor to municipalities while at Public
Resources Advisory Group, and as a financial/research analyst at Merrill Lynch's
Public Finance Group.
