The Munder Funds
Supplement Dated January 2, 1997
to Prospectus Dated October 28, 1996
Class Y Shares of:
Munder Accelerating Growth Fund, Munder Balanced Fund, Munder
Equity Selection Fund, Munder Growth & Income Fund, Munder Index
500 Fund, Munder International Equity Fund, Munder Micro-Cap
Equity Fund, Munder Mid-Cap Growth Fund, Munder Multi-Season
Growth Fund, Munder Real Estate Equity Investment Fund, Munder
Small-Cap Value Fund, Munder Small Company Growth Fund, Munder
Value Fund, Munder Bond Fund, Munder Intermediate Bond Fund,
Munder International Bond Fund, Munder U.S. Government Income
Fund, Munder Michigan Triple Tax-Free Bond Fund, Munder Tax-Free
Bond Fund, Munder Tax-Free Intermediate Bond Fund, Munder Cash
Investment Fund, Munder Money Market Fund, Munder Tax-Free Money
Market Fund and Munder U.S. Treasury Money Market Fund
CHANGE IN DIVIDEND DETERMINATION TIME WITH RESPECT TO MUNDER CASH
INVESTMENT FUND, MUNDER MONEY MARKET FUND AND MUNDER U.S. TREASURY
MONEY MARKET FUND
(THE "FUNDS")
Shares of the Funds are sold at net asset value per share
next determined after a purchase order is received and becomes
effective. Purchase orders by an institution for shares in the
Funds become effective when the purchase order is received,
together with payment, by First Data Investor Services Group, Inc.
(the "Transfer Agent") by 4:00 p.m. (Eastern time) on any day on
which the New York Stock Exchange is open for business. A
purchase order received by the Transfer Agent after such time will
not be accepted; notice thereof will be given to the institution
placing the order, and any funds received will be returned
promptly to the sending institution.
Effective January 2, 1997, shareholders of the Funds whose
purchase orders are received and become effective by 2:45 p.m.
(Eastern Time) receive dividends for that day. Shareholders whose
redemption orders have been received by 2:45 p.m. (Eastern Time)
will not receive dividends for that day, while shareholders whose
redemption orders are received after 2:45 p.m. (Eastern Time) will
receive that day's dividends.
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