FIRST FUNDS
U.S. Treasury Money Market Portfolio
U.S. Government Money Market Portfolio
Municipal Money Market Portfolio
Cash Reserve Portfolio
SUPPLEMENT DATED JUNE 16, 2000
TO THE OCTOBER 28, 1999 PROSPECTUS
This supplement provides new information
beyond that contained in the prospectus, and
should be read in conjunction with such prospectus.
The following sentence will be inserted at the end of the
first paragraph under the subsection entitled "Investment
Requirements:"
However, the Portfolios, in their own discretion,
reserve the right to waive the minimum initial investment
from $1,000 to $100 for certain programs offered by First
Tennessee.