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FMB FUNDS, INC.
SUPPLEMENT TO CONSUMER SERVICE CLASS AND INSTITUTIONAL CLASS PROSPECTUSES DATED
MARCH 28, 1997
At a meeting of shareholders held on September 26, 1997, the shareholders
of each of the FMB Funds approved a new investment advisory agreement with The
Huntington National Bank, Trust Division ("Huntington"), which assumed
investment management of each of the Funds on the merger of Huntington
Bancshares Incorporated and First Michigan Bank Corporation, which occurred on
October 1, 1997. Huntington is the successor to FMB-Trust and First Michigan
Bank Corporation, which served as investment adviser and sub-adviser,
respectively, for each of the Funds prior to October 1.
Duane C. Carpenter, who has been primarily responsible for the portfolio
management of the FMB Money Market Fund and the FMB Intermediate Government Fund
since their inception, has assumed portfolio management responsibility for the
Michigan Tax-Free Bond Fund, Nancy L. Folstad of Huntington has assumed
management of the FMB Diversified Equity Fund. Prior to April 1997, Ms. Folstad
was employed as a portfolio manager for Harris Investment Management and Rotary
International.
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