PRAIRIE FUNDS
497, 1995-01-27
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FILED PURSUANT TO RULE 497(e)
REGISTRATION FILE NO. 33-56217


                                         January 27, 1995  

                         THE PRAIRIE FUNDS
                      Supplement to Prospectus
                      Dated December 13, 1994

The following information supersedes any contrary information
contained in the Prospectus under the caption "Fee Table - Class
I Shares, Bond Funds."

For the Intermediate Bond Fund, Other Expenses are estimated to
be .15% and Total Operating Expenses are estimated to be .55%. 
In the example illustrated, one-year expenses should be $6 and
three-year expenses should be $18.



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