TIME HORIZON FUNDS
Time Horizon Portfolio 1
Time Horizon Portfolio 2
Time Horizon Portfolio 3
Supplement dated December 31, 1998 to Prospectus dated November 1, 1998
This Supplement provides additional information beyond that
contained in the Prospectus, and should be read in conjunction
with such Prospectus. It supersedes the Supplement dated
November 1, 1998.
1. You may continue to purchase A Shares without a front-end sales
load until further notice.
2. B Shares will not be available for purchase until further notice.