July 1, 2000

                             MARKMAN MULTIFUND TRUST

                  SUPPLEMENT TO PROSPECTUS DATED MARCH 1, 2000

     The  Prospectus,  dated  March 1,  2000,  of the  Markman  MultiFunds  (the
"Portfolios")  is hereby amended to reflect that Markman  Securities,  Inc., the
Portfolios' distributor,  will no longer serve as distributor to the Portfolios.
Effective  July 1, 2000,  the Portfolios  will be  self-distributed.  Therefore,
effective July 1, 2000, any references in this Prospectus to Markman Securities,
Inc. or the "Distributor" should be deleted.  This action will have no impact on
any services provided to shareholders.



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