Filed Pursuant to Rule 497(e)
Under the Securities Act of 1933.
File No. 33-75708
File No. 811-08370
McM FUNDS
McM Principal Preservation Fund
McM Intermediate Fixed Income Fund
McM Fixed Income Fund
McM Balanced Fund
McM Equity Investment Fund
Supplement dated December 30, 1998
to Prospectus dated September 25, 1998
The following information replaces and supersedes any contrary
information contained in the Trust's Prospectus. The paragraph
under the heading "The Underwriter" on page 16 of the Prospectus is
deleted and replaced with the following:
Effective January 1, 1999, First Data Distributors, Inc., 4400 Computer
Drive, Westborough, Massachusetts, 01581 serves as underwriter pursuant to an
underwriting agreement for the limited purpose of acting as underwriter to
facilitate the registration of shares of each Fund under state securities laws
and to assist in the sale of shares.
All other references to FPS Broker Services, Inc. in the Prospectus
are hereby replaced with First Data Distributors, Inc. The phone
number will remain (800) 831-1146.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT
WITH THE PROSPECTUS FOR FUTURE REFERENCE.
McM FUNDS
McM Principal Preservation Fund
McM Intermediate Fixed Income Fund
McM Fixed Income Fund
McM Balanced Fund
McM Equity Investment Fund
Supplement dated December 30, 1998
to Statement of Additional Information
dated September 25, 1998
The following information replaces and supersedes any contrary information
contained in the Trust's Statement of Additional Information. The paragraphs
under the heading "Underwriter" on page 18 of the Statement of Additional
Information are deleted and replaced with the following:
Effective January 1, 1999, First Data Distributors, Inc. ("FDDI"), 4400
Computer Drive, Westborough, Massachusetts, 01581 serves as underwriter
pursuant to an underwriting agreement for the limited purpose of acting as
underwriter to facilitate the registration of shares of each Fund under state
securities laws and to assist in the sale of shares.
In this regard, FDDI has agreed at its own expense to qualify as a broker-
dealer under all applicable federal or state laws in those states which McM
Funds shall from time to time identify to FDDI as states in which it wishes to
offer its shares for sale, in order that state registrations may be maintained
for McM Funds.
FDDI is a broker-dealer registered with the U.S. Securities and Exchange
Commission and a member in good standing of the National Association of
Securities Dealers, Inc.
For the services provided to McM Funds under the Underwriting Agreement, the
Advisor pays FDDI an annual fixed fee of $15,000. These fees are fixed for a
one (1) year period from the date of the Underwriting Agreement and may be
increased or decreased in future years by an amendment signed by both McM Funds
and FDDI.
The Underwriting Agreement may be terminated by either party upon 60 days'
prior written notice to the other party, and if so terminated, the pro rata
portion of the unearned fee will be returned to the Advisor.
All other references to FPS Broker Services, Inc. in the Statement of
Additional Information are hereby replaced with First Data Distributors, Inc.
The phone number will remain (800) 831-1146.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT
WITH THE STATEMENT OF ADDITIONAL
INFORMATION FOR FUTURE REFERENCE.
FIRST DATA INVESTOR SERVICES GROUP, INC.
3200 Horizon Drive
King of Prussia, PA 19406-0903
December 30, 1998
SECURITIES AND EXCHANGE COMMISSION
Judiciary Plaza
Public Filing Desk
450 Fifth Street, NW
Washington, DC 50549
Re: MCM FUNDS (the "Registrant")
File No. 33-75708
File No. 811-08370
To the Staff of the Commission:
Pursuant to Rule 497 under the Securities Act of 1933, as amended, enclosed for
filing on behalf of the Registrant is the EDGAR transmission of the
Supplement dated December 30, 1998 to the Prospectus dated September 25, 1998
and the Supplement dated December 30, 1998 to the Statement of Additional
Information dated September 25, 1998.
The purpose of this filing is to make certain non-material revisions regarding
the Underwriter to the current Prospectus and Statement of Additional
Information.
Should you have any questions, comments or require further information, I can
be reached directly at 610-239-4727.
Thank you for your courtesy and cooperation.
Sincerely,
Thomas N. Calabria
Compliance Administrator
cc: Deane Nelson (Vice President and Secretary, McM Funds)
Julie Allecta, Esq. (Paul, Hastings, Janofsky & Walker, LLP)
