0000311101 2011-11-02 2012-11-01 0000311101 df1:S000012003Member 2011-11-02 2012-11-01 2012-11-01 Other false DUPREE MUTUAL FUNDS 0000311101 2013-01-11 2013-01-11 2012-06-30 DUPREE MUTUAL FUNDS SUPPLEMENT TO THE PROSPECTUS DATED NOVEMBER 1, 2012 The net expense ratio and shareholder services fee as stated on Page 18 in the "Annual Operating Expenses for the North Carolina Short to Medium Series" are corrected to read .78 and .15 respectively. The Prospectus as issued did not correspond with the "Financial Highlights of the North Carolina Short to Medium Series " as reflected in the Annual Report to Shareholders and understated the net expense ratio and shareholder services fee by 2 basis points, and the purpose of this supplement is to correct the understatement. DUPREE MUTUAL FUNDS SUPPLEMENT TO THE PROSPECTUS DATED NOVEMBER 1, 2012 The net expense ratio and shareholder services fee as stated on Page 18 in the "Annual Operating Expenses for the North Carolina Short to Medium Series" are corrected to read .78 and .15 respectively. The Prospectus as issued did not correspond with the "Financial Highlights of the North Carolina Short to Medium Series " as reflected in the Annual Report to Shareholders and understated the net expense ratio and shareholder services fee by 2 basis points, and the purpose of this supplement is to correct the understatement.