June 14, 1999
FIRSTHAND FUNDS
SUPPLEMENT TO PROSPECTUS DATED MAY 11, 1999
The shareholders of Interactive Research Advisers, Inc., Firsthand Funds'
Adviser, have agreed to enter into a transaction that would result in Kevin
Landis becoming the sole controlling party of the Adviser. The proposed change
in the Adviser's ownership is not expected to change the fee structure,
portfolio management or the day-to-day operations of the Funds, but will require
action on the part of the Funds' Trustees and each Fund's shareholders. A proxy
statement describing the proposed transaction will be available shortly.
