KPM FUNDS INC
497, 1997-05-16
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                                 KPM FUNDS, INC.



                            Supplement to Prospectus
                                       and
                       Statement of Additional Information

                            Dated September 3O, 1996


    The following information supplements and replaces the information contained
    in the sections of the Fund's  Prospectus  and the  Statement of  Additional
    Information entitled "Auditors".

    Effective  February 2O, 1997,  the Funds  auditors will be Deloitte & Touche
    LLP, 2000 First National  Center,  Omaha,  NE 681O2,  independent  certified
    public accountants.






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