COMMERCE FUNDS
497, 1996-12-30
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                              THE COMMERCE FUNDS
 
                        THE NATIONAL TAX-FREE BOND FUND
                        THE MISSOURI TAX-FREE BOND FUND
 
                       SUPPLEMENT DATED JANUARY 1, 1997
                       TO PROSPECTUS DATED MARCH 1, 1996
 
EXCHANGE OPTION
 
  Effective, January 1, 1997, the exchange option for investments in a money
market fund has been changed from Financial Square Treasury, Prime and Tax-
Free Money Market Funds to the Goldman Sachs--Institutional Liquid Assets
Prime Obligations Portfolio.


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