<PAGE>1
CUNA MUTUAL FUNDS, INC.
_________________________________________________________________
CUNA Mutual U.S. Government Income Fund
Supplement to Prospectus dated December 30, 1993
_________________________________________________________________
Beginning April 1, 1994, the minimum initial deposit requirement
for systematic investing, described on page 22 of the prospectus,
will be $1,000 with a minimum of $100 per month thereafter.
_________________________________________________________________
The date of this Supplement is March 31, 1994.
_________________________________________________________________