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MMA PRAXIS MUTUAL FUNDS
SUPPLEMENT DATED SEPTEMBER 16, 1998
TO THE PROSPECTUS DATED MARCH 25, 1998
1. The following information is added to the Prospectus on Page 25 under
the heading "Contingent Deferred Sales Charge" in the last paragraph on that
page after the third sentence:
For example, assume an investor purchased 100 Shares at $10 a Share (for a
total cost of $1,000), three years later the Shares have a net value of $12 per
Share and during that time the investor acquired 10 additional Shares through
dividend reinvestment. If the investor then makes one redemption of 50 Shares
(resulting in proceeds of $600, 50 Shares x $12 per share), the first 10 Shares
redeemed will not be subject to the contingent deferred sales charge because
they were acquired through reinvestment of dividends. With respect to the
remaining 40 Shares redeemed, the contingent deferred sales charge is charged at
$10 per Share (because the original purchase price of $10 per Share is lower
than the current net asset value of $12 per Share). Therefore, only $400 of the
$600 such investor received from selling his or her Shares will be subject to
the contingent deferred sales charge, at a rate of 3.0% (the applicable rate in
the third year after purchase).
2. The following sales charge waiver categories are added to the
Prospectus on Page 26 under the heading "Waiver of the Contingent Deferred Sales
Charge":
(8) provided that the Shareholder withdraws no more than 12% of the
account value annually using the Auto Withdrawal Plan feature,
subject to the limitations set forth under "Auto Withdrawal
Plan", below; and
(9) owned by employees of firms that have entered into an agreement
to offer the Funds as part of their retirement or deferred
compensation plans and trusts used to fund those plans,
including, but not limited to, those defined in section 401(a),
403(b) or 457 of the Internal Revenue Code.
3. The following information is added to the Prospectus on Page 31 under
the heading "Auto Withdrawal Plan" after the second sentence:
No contingent deferred sales charge will be assessed on redemptions made in
accordance with this feature that do not exceed 12% of an account's net asset
value on an annualized basis. For example, monthly and quarterly redemptions
will not be subject to the contingent deferred sales charge if they do not
exceed 1% or 3%, respectively, of an account's net asset value on the redemption
date. Any redemptions in accordance with this feature in excess of this limit
are still subject to the applicable contingent deferred sales charges.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THEIR
PROSPECTUS FOR FUTURE REFERENCE
