THE GRIFFIN FUNDS
Supplement dated November 2, 1998
to Prospectuses dated January 31, 1998
Following the acquisition of H.F. Ahmanson & Company by Washington
Mutual, Inc., the Board of Directors of The Griffin Funds, Inc. ("Griffin") has
approved a change in the distributor for the Griffin Funds, replacing the former
distributor, Griffin Financial Services ("Griffin Financial") with WM Funds
Distributor, Inc. ("WM Distributors"). Other than the change in the identity of
the distributor, the new distribution agreement for the Griffin Funds with WM
Distributors is identical to the former distribution agreement with Griffin
Financial.
Accordingly, the Prospectus for shares of the Money Market Fund and
Tax-Free Money Market Fund, and the Prospectus for the shares of the Money
Market Fund and Tax-Free Money Market Fund, and the Class A Shares and Class B
Shares of the Short-Term Bond Fund, U.S. Government Income Fund, Municipal Bond
Fund, California Tax-Free Fund, Bond Fund, Growth & Income Fund and Growth Fund,
are hereby supplemented as follows:
The paragraph on page 55 of the Griffin combined prospectus,
and page 16 of the Griffin money market fund prospectus, which
reads: "Griffin Financial, located at 5000 Rivergrade Road,
Irwindale, California 91706, distributes and markets the
Funds," shall be replaced with the following: "WM Funds
Distributor, Inc., located at 1300 21st Street, Sacramento, CA
95814 distributes the shares of the Funds. WM Funds
Distributor, Inc. is an indirect wholly owned subsidiary of
Washington Mutual, Inc." In addition, any reference to Griffin
Financial in such prospectuses, in its capacity as
distributor, shall mean WM Funds Distributor, Inc.
