CUFUND
SHORT-TERM MATURITY PORTFOLIO
ADJUSTABLE RATE PORTFOLIO
Supplement dated October 31, 2000
to the Prospectus dated September 30, 2000
At the Quarterly Board meeting held on October 24, 2000, the Board of Trustees
of CUFUND unanimously voted to close the Short-Term Maturity Portfolio and the
Adjustable Rate Portfolio (the "Funds"). This decision was made after careful
consideration of the fact that the Funds have not been able to raise significant
assets from investors and the determination that there is little prospect for
future asset growth. As of October 27, 2000, the Funds are closed for purchases
by new or existing shareholders. Existing shareholders that reinvest dividends
will receive future dividend payments in cash. The Funds intend to cease
operations in an orderly manner and distribute their net assets to shareholders.
The orderly termination of the Funds is expected to be accomplished within the
next six months.
The Trustees and management of CUFUND thank you for the opportunity to have been
of service to you.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
