The Payden & Rygel Investment Group
Supplement to Prospectus dated December 30, 1997
Payden & Rygel Limited Maturity Fund
Due to a printing error, the expense information in the tables on pages 6
and 7 of the Prospectus dated December 30, 1997, as supplemented on November
1, 1998, for the Payden & Rygel Limited Maturity Fund is incorrect. The
correct information is the following:
ANNUAL FUND OPERATING EXPENSES FUND EXPENSE LIMITS
Advisory Other Total Fund Expense Current Voluntary
Fees Expenses Expenses Guarantee Expense Limit
0.28% 0.12% 0.40% 0.60% 0.40%
EXPENSES PER $1,000 INVESTMENT
1 Year 3 Years 5 Years 10 Years
$4 $13 $22 $51
The date of this Prospectus Supplement is December 30, 1998.
