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PROVIDENT INSTITUTIONAL FUNDS, INC.
SHORT DURATION FUND
INTERMEDIATE DURATION FUND
SUPPLEMENT DATED JUNE 30, 1995 TO
PROSPECTUS DATED APRIL 28, 1995
The last paragraph under the heading "Reverse Repurchase Agreements and
Dollar Rolls" on page 11 is deleted and replaced with the following:
Reverse repurchase agreements and dollar rolls may involve the
speculative technique known as leveraging. No more than one-third of the
total assets of each Fund will be subject to reverse repurchase agreements
and dollar rolls.
The last sentence under the heading "Borrowing" on page 11 is deleted and
replaced with the following:
Reverse repurchase agreements and dollar rolls are not treated as
borrowings for purposes of the investment policies set forth in this
paragraph.
PIFI-N-001
