PRAIRIE FUNDS
497, 1996-07-10
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FILED PURSUANT TO RULE 497(e)
REGISTRATION FILE NO. 33-56217

                                                                  July 10, 1996


                                  PRAIRIE FUNDS
                  Supplement to Prospectus Dated April 11, 1996


     The following information supersedes any contrary information contained in
the section of the Fund's Prospectus entitled "Management of the
Funds--Investment Adviser and Administrator."

     The primary portfolio manager of the International Equity Fund is Richard
P. Kost. Mr. Kost has been employed by First Chicago NBD Corporation since 1964.



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