GE FUNDS
================================================================================
SUPPLEMENT DATED JULY 13, 1998
TO PROSPECTUS DATED JANUARY 28, 1998
AS SUPPLEMENTED MARCH 23, 1998
The following supersedes the corresponding information in the second paragraph
under the heading "Purchase of Shares: General" on page 45 of the Prospectus:
The minimum initial investment in the Money Market Fund or in a Class of a
Participant Fund, including investments in Regular Individual Retirement
Accounts, Roth Individual Retirement Accounts and Education Individual
Retirement Accounts (collectively, "IRAs"), is $500 and the minimum for
subsequent investments is $100. The minimum initial investment in the Money
Market Fund or in a Class of a Participant Fund for any purchase through
the Direct Deposit Privilege, Payroll Savings Plan and Automatic Investment
Plan is $25 and the minimum for subsequent investments is $25.
The word "and" immediately preceding sub-section (9) in the first paragraph on
page 48 of the Prospectus is hereby deleted and the following amends that
paragraph immediately following sub-section (9):
and (10) all purchases made through certain broker-dealers that have
entered into an agreement with the Distributor for sales to supplemental
savings plans at a single employer with 750 or more eligible investors when
such purchases are made in an IRA through the Payroll Savings Plan or other
systematic investment plan.
The following amends and restates the second and third sentences of the second
full paragraph under the heading "Redemption of Shares: Redemptions in General"
on page 51 of the Prospectus:
Two exceptions exist to this minimum investment requirement for (1) an
account established by a Qualified Plan, and (2) new accounts established
with the Direct Deposit Privilege, Payroll Savings Plan or Automatic
Investment Plan. If the shareholder's account balance is less than $500
(except in the circumstances described above), the Trust may automatically
redeem the shares of the Fund in the account and remit the proceeds to the
shareholder so long as the shareholder is given 30 days' prior written
notice of the action.
<PAGE>
The following amends and restates the second sentence of the paragraph under the
heading "Redemption of Shares: Involuntary Redemptions" on page 54 of the
Prospectus:
An account established through a Qualified Plan or an account that has
not yet reached the $500 minimum through the Direct Deposit Privilege,
Payroll Savings Plan or Automatic Investment Plan will not be
involuntarily redeemed.
