LKCM FUND
497, 2000-08-22
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                                   LKCM FUNDS

                        Supplement dated August 22, 2000
                         To Prospectus dated May 1, 2000


The LKCM Funds Prospectus is supplemented to include the following disclosure on
page 14 in place of the last sentence of the first  paragraph  under the section
heading entitled "Initial Investments".

Investors  may be  charged  a fee if they  effect  transactions  in fund  shares
through a broker or agent.



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