PRAIRIE FUNDS
497, 1995-01-25
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FILED PURSUANT TO RULE 497(e)
REGISTRATION FILE NO. 33-56217

                                          January 24, 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
"Highlights--Historical Performance Information."

          The average annual total return for the predecessor
common trust fund to Class A of the Equity Income Fund for the
one-year period ended December 31, 1994 was -7.36%.



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