INSTITUTIONAL MONEY MARKET FUND
A SERIES OF
PIPER INSTITUTIONAL FUNDS INC.
Supplement dated January 29, 1996 to
Prospectus dated November 1, 1995
The minimum initial investment amount and involuntary redemption provisions for
the Institutional Money Market Fund are hereby revised as follows:
The minimum initial investment for Institutional Money Market Fund is
$500,000. The Distributor may waive this minimum initial investment for
clients of Piper Trust Company. There is no minimum for subsequent
investments. Institutional Money Market Fund reserves the right to
redeem a shareholder account at any time the net asset value of the
account falls below $500,000 as the result of a redemption or exchange
request. Shareholders will be notified in writing prior to any such
redemption and will be allowed 30 days to make additional investments
before the redemption is processed.
