Supplement to
the Spartan^® Municipal Funds
February 28, 2003
Prospectus

The following information replaces similar information found in the "Dividends and Capital Gain Distributions" section on page 21.

<R>Each fund normally declares dividends daily and pays them monthly. Each fund normally pays capital gain distributions in February and December.</R>

LIM/HIY-03-02 May 1, 2003
1.482103.111