Rule 497(e)
File Nos. 33-34841 and 811-6011
THE MONTGOMERY FUNDS
Supplement dated March 30, 2000 to the
Prospectus dated December 31, 1999
For Shareholders in the Montgomery Growth 20 Portfolio only:
On April 5, 2000, the Montgomery Growth 20 Portfolio will change its name to the
Montgomery U.S. Select 20 Portfolio. This name change will have no effect on the
objective or strategies of the Fund. Also effective April 5, 2000, Roger Honour
and Kathryn Peters will no longer be part of the Fund's management team; Andrew
Pratt will be the sole portfolio manager for the Fund.