PRAIRIE FUNDS
497, 1995-06-23
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FILED PURSUANT TO RULE 497(e)
REGISTRATION FILE NO. 33-56217

                                          June 15, 1995

                           PRAIRIE FUNDS
                     Supplement to Prospectus
                        Dated June 1, 1995



  The following information supplements and supersedes  any
contrary information contained in the description of the Bond
Fund on page 3 of the Prospectus.


The Bond Fund seeks to provide as high a level of current income
as is consistent with the preservation of capital.  This Fund
will invest primarily in a portfolio of U.S. dollar denominated
investment grade fixed-income securities of domestic and foreign
issuers, without regard to maturity.



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