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CUFUND
SHORT-TERM MATURITY PORTFOLIO
ADJUSTABLE RATE PORTFOLIO
SUPPLEMENT DATED FEBRUARY 8, 1999
TO PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION DATED SEPTEMBER 30, 1998
UNDER THE HEADING "NON-FUNDAMENTAL POLICIES" ON PAGE 17 OF THE PROSPECTUS AND
STATEMENT OF ADDITIONAL INFORMATION, THE SECOND SENTENCE IN THE THIRD
PARAGRAPH HAS BEEN DELETED AND REPLACED TO READ AS FOLLOWS:
Credit unions that seek an independent certified accountant's opinion on
their financial statements in accordance with generally accepted accounting
principles ("GAAP") are required to account for investments in mutual funds
such as CUFUND in accordance with Statements of Accounting Standards 115,
Accounting for Certain Debt and Equity Securities.
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PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
CUF-A-008-01
