FIRST AMERICAN INVESTMENT FUNDS, INC.
                    PROSPECTUS SUPPLEMENT DATED JUNE 20, 2008

This information supplements the Stock Funds Prospectus of First American
Investment Funds, Inc., dated February 29, 2008, as previously supplemented
March 26 and April 1, 2008 (the "Prospectus"). This supplement and the
Prospectus constitute a current Prospectus. To request a copy of the Prospectus,
please call 800-677-FUND.

PROPOSED CHANGE IN SUB-ADVISOR FOR INTERNATIONAL FUND

At a meeting held on June 18, 2008, the board of directors of First American
Investment Funds, Inc., approved the appointment of Altrinsic Global Advisors,
LLC ("Altrinsic") and Hansberger Global Investors, Inc. ("HGI") as sub-advisors
to International Fund (the "fund"), subject to the approval of the fund's
shareholders. A shareholder meeting to vote on the appointment of Altrinsic and
HGI has been tentatively scheduled for September 18, 2008. Assuming shareholder
approval is obtained, Altrinsic and HGI are expected to assume management of the
fund from the fund's current sub-advisor, J.P. Morgan Investment Management Inc.
("JPMorgan"), shortly after the shareholder meeting. Information on Altrinsic
and HGI, both of which currently act as sub-advisors for International Select
Fund, can be found on page 62 of the fund's prospectus, under "Additional
Information -- Management -- Sub-Advisors." A proxy statement containing more
detailed information will be provided to the fund's shareholders before they are
asked to vote on the appointments of Altrinsic and HGI.

PROPOSED "MANAGER-OF-MANAGERS" STRUCTURE FOR INTERNATIONAL FUND

At its meeting held on June 18, 2008, the board of directors also recommended
that, in conjunction with approving Altrinsic and HGI as sub-advisors to
International Fund, the shareholders of the fund approve a "manager-of-managers"
structure for the fund whereby the fund's investment advisor, FAF Advisors, Inc.
(the "advisor"), would be allowed to engage sub-advisors and materially amend
sub-advisory agreements, upon approval of the fund's board of directors, without
obtaining shareholder approval. The fund would be required to provide
shareholders, in writing, with information about any new sub-advisors within 90
days of their hiring. This manager-of-managers proposal will be presented to the
fund's shareholders for approval at the shareholder meeting tentatively
scheduled for September 18, 2008.

FAF ADVISORS TO MANAGE A PORTION OF ASSETS OF INTERNATIONAL FUND

Effective immediately, the advisor will begin managing a portion of
International Fund's assets to facilitate the transition from JPMorgan to
Altrinsic and HGI. The advisor may utilize these assets to increase the fund's
exposure to certain companies, countries, regions, or investment styles, and for
such other reasons as it deems advisable. The advisor may invest these assets in
stock and stock index futures and options contracts, forward foreign currency
exchange contracts, other investment companies, exchange-traded funds, and money
market instruments and other short-term securities, including money market funds
advised by the advisor.

Walter A. French, Senior Equity Portfolio Manager for the advisor, will be
primarily responsible for the day-to-day management of these assets.


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