MONTGOMERY FUNDS II
497, 2000-04-12
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                                                                     Rule 497(e)
                                                 File Nos. 33-69686 and 811-8064


                             THE MONTGOMERY FUNDS II

                      Supplement dated April 7, 2000 to the
                          Prospectus dated May 21, 1999

For Investors in the Montgomery  Institutional  Series:  Emerging  Markets Focus
Portfolio

On April 6, 2000, the Montgomery  Institutional  Series:  Emerging Markets Focus
Portfolio  changed its name to Montgomery  Emerging  Markets Focus Fund. At that
time, the no-load institutional shares of the Fund were re-designated as Class R
shares,  with  retail  minimums  ($1,000 for  initial  investments  and $100 for
additional investments).  Also effective April 6, 2000, Josephine Jimenez is the
sole  portfolio  manager  for the Fund.  This  share  class  re-designation  and
portfolio  management change had no effect on the objective or strategies of the
Fund.




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