Rule 497(e)
Registration No. 33-84842
THE BEAR STEARNS FUNDS
Total Return Bond Portfolio
Class A, B and C Shares
Supplement dated May 29, 1998 to Prospectus dated December 24, 1997
On May 14, 1998, the Board of Trustees approved a change of the investment
objective of the Total Return Bond Portfolio (the "Portfolio"). The new
investment objective would be to seek "high current income consistent with
preservation of capital." This change is subject to approval by the shareholders
of the Portfolio.
A Special Meeting of shareholders has been scheduled for July 14, 1998.
Shareholders of record on May 22, 1998 will be entitled to receive notice of the
meeting and to vote. If shareholders approve the change of the investment
objective, the Portfolio plans to change certain related investment policies and
the name of the Portfolio to "Income Portfolio."
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Rule 497(e)
Registration No. 33-84842
THE BEAR STEARNS FUNDS
Total Return Bond Portfolio
Class Y Shares
Supplement dated May 29, 1998 to Prospectus dated July 14, 1997
On May 14, 1998, the Board of Trustees approved a change of the investment
objective of the Total Return Bond Portfolio (the "Portfolio"). The new
investment objective would be to seek "high current income consistent with
preservation of capital." This change is subject to approval by the shareholders
of the Portfolio.
A Special Meeting of shareholders has been scheduled for July 14, 1998.
Shareholders of record on May 22, 1998 will be entitled to receive notice of the
meeting and to vote. If shareholders approve the change of the investment
objective, the Portfolio plans to change certain related investment policies and
the name of the Portfolio to "Income Portfolio."