MARKMAN MULTIFUND TRUST
497, 1999-12-03
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                             MARKMAN MULTIFUND TRUST
                   SUPPLEMENT TO PROSPECTUS DATED MAY 1, 1999

     The  Prospectus,  dated  May  1,  1999,  of  the  Markman  MultiFunds  (the
"Portfolios") is hereby amended to reflect that the net asset value of Portfolio
shares  reported in  newspapers  will no longer lag the  Portfolios'  actual net
asset value by one business day. The  Portfolios' net asset value as reported in
the  newspapers  will be the net asset value of the previous  business  day. The
following replaces the second paragraph under "How to Purchase Shares" on page 7
of the Prospectus:

"Shares of each Portfolio are sold on a continuous  basis at the net asset value
next determined after receipt of a purchase order by the Trust.  Direct purchase
orders received by the Transfer Agent by 4:00 p.m.,  Eastern time, are confirmed
at that day's net asset value. Purchase orders received by dealers prior to 4:00
p.m., Eastern time, on any business day and transmitted to the Transfer Agent by
5:00  p.m.,  Eastern  time,  that  day  are  confirmed  at the net  asset  value
determined  as of the close of the  regular  session  of trading on the New York
Stock  Exchange  on that day.  It is the  responsibility  of dealers to transmit
properly completed orders so that they will be received by the Transfer Agent by
5:00  p.m.,  Eastern  time.  Dealers  or other  agents  may charge you a fee for
effecting transactions.  Direct investments received by the Transfer Agent after
4:00 p.m.,  Eastern time,  and orders  received from dealers after 5:00 p.m. are
confirmed at the net asset value next determined on the following business day."


                THE DATE OF THIS SUPPLEMENT IS DECEMBER 2, 1999.



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