VINTAGE MUTUAL FUNDS INC
497, 1999-03-04
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                         SUPPLEMENT DATED MARCH 1, 1999

                            TO THE PROSPECTUS FOR THE

                           VINTAGE MUTUAL FUNDS, INC.

                               DATED JULY 29, 1998


                      REDUCTION IN INVESTMENT ADVISORY FEES

         On  February 27, 1999,  the Board of  Directors  voted  unanimously  to
approve  Investors  Management  Group's  voluntary  amendment to the  Investment
Advisory Agreement and the reduction of investment advisory fees for the Vintage
Limited Term Bond Fund and the Vintage  Municipal  Bond Fund from an annual rate
of 0.60% of average daily net assets to an annual rate of 0.50% of average daily
net assets. This reduction is effective March 1, 1999.



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                         SUPPLEMENT DATED MARCH 1, 1999

               TO THE STATEMENT OF ADDITIONAL INFORMATION FOR THE

                           VINTAGE MUTUAL FUNDS, INC.

                               DATED JULY 29, 1998

                      REDUCTION IN INVESTMENT ADVISORY FEES

         On  February 27, 1999,  the Board of  Directors  voted  unanimously  to
approve  Investors  Management  Group's  voluntary  amendment to the  Investment
Advisory Agreement and the reduction of investment advisory fees for the Vintage
Limited Term Bond Fund and the Vintage  Municipal  Bond Fund from an annual rate
of 0.60% of average daily net assets to an annual rate of 0.50% of average daily
net assets. This reduction is effective March 1, 1999.



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