Rule 497(e)
File Nos. 33-69686 and 811-8064
The Montgomery Funds
Supplement dated March 19, 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 on
June 30, 1999. 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 a client, may be able to open
additional accounts for plan participants or clients. Montgomery Asset
Management, LLC, as 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.
