Please file this Prospectus Supplement with your records.
STRONG MUNICIPAL MONEY MARKET FUND
STRONG SHORT-TERM MUNICIPAL BOND FUND
STRONG INSURED MUNICIPAL BOND FUND
STRONG MUNICIPAL BOND FUND
STRONG HIGH-YIELD MUNICIPAL BOND FUND
Supplement to Prospectus dated May 1, 1995
The following portfolio-management changes were effective December 1995:
Strong Short-Term Municipal Bond Fund. Mr. Steven D. Harrop will serve as the
portfolio manager of the Fund. He also manages the Strong Municipal Money
Market Fund and the Strong Municipal Advantage Fund, a new, ultra short-term
municipal bond fund that began operations on November 29, 1995.
Strong Insured Municipal Bond Fund and Strong Municipal Bond Fund. Formerly
a co-portfolio manager, Ms. Mary-Kay H. Bourbulas will assume sole portfolio-
management responsibility for both Funds.
The following portfolio-management change is effective February 1996:
Strong High-Yield Municipal Bond Fund. Ms. Mary-Kay H. Bourbulas will serve
as the portfolio manager of the Fund. She had co-managed the Fund from its
inception in October 1993 until December 1995.
For more information on Mr. Harrop and Ms. Bourbulas, please see pages I-25
through I-26 of the Funds' prospectus.
The date of this Prospectus Supplement is February 2, 1996.
