Rule 497(e)
File Nos. 33-69686 and 811-8064
The Montgomery Funds
Supplemented dated April 26, 1999 to
Prospectus dated January 31, 1999
For Shareholders in the Montgomery Global Long-Short Fund only:
The Montgomery Global Long-Short Fund will close to new shareholder accounts no
later then June 30, 1999. Montgomery Asset Management, LLC, as the Manager of
the Fund, may close the Fund anytime before June 30, 1999 without further notice
at such time as the Manager believes further asset growth could impair its
ability to manage the Fund effectively. Shareholders who own shares of the Fund
when it closes may continue to purchase shares in their existing accounts after
it closes. Employer-sponsored retirement plans and certain investment advisors,
if they already are invested in the Fund on behalf of client, may be able to
open additional accounts for plan participants or clients. The Manager of the
Fund may reopen and close the Fund to certain types of new shareholders in the
future.
If you do not own shares of the Global Long-Short Fund when it closes, you may
not exchange shares from other Montgomery Funds for shares of the Fund.
