Rule 497(e)
File Nos. 33-69686 and 811-8064
The Montgomery Partners Series
(The Montgomery Funds II)
Supplement dated December 16, 1998, to the
Prospectus for the Montgomery Global Long-Short Fund
(dated June 30, 1998)
After the date of this supplement, the Fund will not impose a redemption fee on
redemptions of Class A shares of the Montgomery Global Long-Short Fund (the
"Fund") that were purchased in 1998.
The Fund will increase the redemption fee to 2.00% for Class A shares purchased
after January 1, 1999, that are redeemed within the first year after purchase
and that (i) were not purchased through certain fee-based programs or (ii) were
not subject to an initial sales charge or a CDSC.
On January 29, 1999, Class A shares of the Fund that were not subject to an
initial sales charge or a CDSC will be converted automatically into no-load
Class R shares of the Fund.
Like Class A shares, the Fund will charge a 2.00% redemption fee on no-load
Class R shares purchased after January 1, 1999, that are redeemed within the
first year after purchase. (The Fund will use the original purchase date of
Class A shares that are converted to no-load Class R shares to determine whether
a redemption fee will be charged.)
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