Tax-Free Fund For Utah
Supplement to the Statement of Additional Information
Dated October 31, 2000
The material under the heading "When-Issued and Delayed
Delivery Obligations" is replaced by the following:
When-Issued and Delayed Delivery Obligations
The Fund may buy Utah Obligations on a when-issued or delayed
delivery basis. The purchase price and the interest rate payable on
the Utah Obligations are fixed on the transaction date. At the time
the Fund makes the commitment to purchase Utah Obligations on a
when-issued or delayed delivery basis, it will record the
transaction and thereafter reflect the value each day of such Utah
Obligations in determining its net asset value. The Fund will make
commitments for such when-issued transactions only when it has the
intention of actually acquiring the Utah Obligations.
The date of this Supplement is
January 10, 2001
