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[LETTERHEAD]
December 3, 1998
VIA ELECTRONIC FILING
Securities & Exchange Commission
450 Fifth Street NW
Washington, DC 20549
Re: SAFECO Managed Bond Trust (1933 Act No. 33-47859; 1940 Act No. 811-6667)
Ladies and Gentlemen:
The enclosed supplement dated November 30, 1998, to the above-referenced
Registrant's Advisor Class A and Advisor Class B Prospectus dated April 30,
1998, is filed pursuant to Rule 497(e) of the Securities Act of 1933, as
amended.
If you have any comments or questions concerning the filing, please call me at
(206) 548-7075.
Sincerely,
/s/Margaret E. DiDonna
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Margaret E. DiDonna
Counsel
Enclosure
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SAFECO COMMON STOCK TRUST
SAFECO TAXABLE BOND TRUST
SAFECO MANAGED BOND TRUST
SAFECO TAX-EXEMPT BOND TRUST
SAFECO MONEY MARKET TRUST
SUPPLEMENT TO THE ADVISOR CLASS PROSPECTUS
DATED APRIL 30, 1998
SUPPLEMENT DATED NOVEMBER 30, 1998
Effective December 1, 1998, the new mailing addresses for the Class A and Class
B shares of the SAFECO Mutual Funds will be as follows:
MAILING ADDRESS:
SAFECO Mutual Funds
Class A&B Shares
c/o NFDS
P. O. Box 419241
Kansas City, MO 64141-6241
EXPRESS/OVERNIGHT MAIL:
SAFECO Mutual Funds
Class A&B Shares
c/o NFDS
330 W. 9th Street
Kansas City, MO 64105
GMF 4190 12/98
