MARKMAN MULTIFUND TRUST
PROSPECTUS DATED APRIL 15, 1996
SUPPLEMENT DATED MAY 30, 1996
The fourth sentence of the second paragraph on page 6 of the
Prospectus, which currently states: "Each Fund limits its investments in
underlying funds to mutual funds whose shares a Fund may purchase without the
imposition of a sales load or redemption fee." is hereby revised and new
language is added as follows: "Each Fund limits its investments in underlying
funds to mutual funds whose shares a Fund may purchase without the imposition of
a sales load. Each Fund may purchase shares of underlying funds which charge a
redemption fee. In general, a redemption fee is a fee imposed by an underlying
fund upon shareholders (e.g., a Fund) redeeming shares of such fund within a
certain period of time (e.g., within one year). The fee is payable to the
underlying fund. Accordingly, if a Fund were to invest in an underlying fund
and, as a result of redeeming shares in such underlying fund, incur a redemption
fee, the redeeming Fund would bear such redemption fee.
<PAGE>
