FIRST AMERICAN STRATEGY FUNDS, INC.
                    PROSPECTUS SUPPLEMENT DATED APRIL 1, 2008

This information supplements the Income Builder Fund Prospectus of First
American Strategy Funds, Inc., dated December 20, 2007. This supplement and the
Prospectus constitute a current Prospectus. To request a copy of a Prospectus,
please call 800 677-FUND.

THE FOLLOWING PARAGRAPHS ARE ADDED AT THE BEGINNING OF THE SECTION ENTITLED
"POLICIES AND SERVICES - PURCHASING, REDEEMING, AND EXCHANGING SHARES - CHOOSING
A SHARE CLASS" ON PAGE 5:

Effective at the close of business on or about June 30, 2008 (the "Closing
Date"), no new or additional investments, including investments through any
systematic investment plan, will be allowed in Class B shares of the First
American funds, except through permitted exchanges. After the Closing Date,
existing shareholders of Class B shares may continue to hold their Class B
shares, exchange their Class B shares for Class B shares of another First
American fund (as permitted by existing exchange privileges), and redeem their
Class B shares as described in the prospectus. Any dividends or capital gains on
Class B shares of a fund will be reinvested in Class B shares of the fund at net
asset value, unless you have otherwise chosen to receive distributions in cash.
For Class B shares outstanding as of the Closing Date, all Class B share
attributes, including the 12b-1 fee, contingent deferred sales charge schedule,
and conversion feature remain unchanged.

Class B shareholders wishing to make additional investments in the funds' shares
after the Closing Date will be permitted to invest in other classes of the
funds, subject to the pricing and eligibility requirements of those classes. You
should contact your financial intermediary or Investor Services at 800 677-FUND
to make appropriate adjustments to any systematic investment plan in effect with
respect to closed Class B shares, which will otherwise terminate on the Closing
Date.

Please contact your financial intermediary or Investor Services with any
questions.

                                                                        INC BLDR