Rule 497(e)
Registration No. 36-84842
THE BEAR STEARNS FUNDS
Large Cap Value Portfolio
Small Cap Value Portfolio
Total Return Bond Portfolio
Class A and C Shares
Supplement dated July 22, 1997
to Prospectus dated July 14, 1997
Until on or about September 8, 1997, the following replaces, with respect to
Small Cap Value Portfolio, "Description of the Fund - Management Policies" on
page 8:
Small Cap Value Portfolio will invest, under normal conditions, substantially
all of its assets in equity securities of issuers with market capitalizations of
$500 million or less and identified by BSFM as value companies.
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Rule 497(e)
Registration No. 36-84842
THE BEAR STEARNS FUNDS
Large Cap Value Portfolio
Small Cap Value Portfolio
Total Return Bond Portfolio
Class Y Shares
Supplement dated July 22, 1997
to Prospectus dated July 14, 1997
Until on or about September 8, 1997, the following replaces, with respect to
Small Cap Value Portfolio, "Description of the Fund - Management Policies" on
page 5:
Small Cap Value Portfolio will invest, under normal conditions, substantially
all of its assets in equity securities of issuers with market capitalizations of
$500 million or less and identified by BSFM as value companies.
