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PLEASE FILE THIS PROSPECTUS SUPPLEMENT WITH YOUR RECORDS. STRONG INSTITUTIONAL BOND FUND Supplement to the Prospectus dated July 1, 1999 Effective immediately, Messrs. Jeffrey A. Koch and Bradley C. Tank will co-manage the Strong Institutional Bond Fund. Biographical information on Messrs. Koch and Tank can be found on pages 7-8 of the Fund's prospectus. The date of this Prospectus Supplement is August 12, 1999. 1 <PAGE>
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