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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000950147-00-000372.txt : 20000309
<SEC-HEADER>0000950147-00-000372.hdr.sgml : 20000309
ACCESSION NUMBER:		0000950147-00-000372
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20000308

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FREMONT MUTUAL FUNDS INC
		CENTRAL INDEX KEY:			0000837389
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		
		SEC FILE NUMBER:	033-23453
		FILM NUMBER:		563523

	BUSINESS ADDRESS:	
		STREET 1:		50 BEALE STREET SUITE 100
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94105
		BUSINESS PHONE:		8005484539

	MAIL ADDRESS:	
		STREET 1:		50 BEALE STREET SUITE 100
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			45202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SIERRA MUTUAL FUNDS INC
		DATE OF NAME CHANGE:	19881113
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<DESCRIPTION>PROSPECTUS SUPPLEMENT DATED 3/8/2000
<TEXT>

                           FREMONT MUTUAL FUNDS, INC.

                         Supplement dated March 8, 2000
                                     to the
                       Prospectus dated February 10, 2000

FOR SHAREHOLDERS OF THE FREMONT U.S. MICRO-CAP FUND ONLY:

The Fremont U.S.  Micro-Cap  Fund (the  "Fund")  will close to new  investors on
March 10, 2000. Shareholder who own shares of the Fund as of March 10, 2000, may
continue to purchase  additional  shares in their existing  accounts.  Financial
advisors and  institutions  that have existing client assets in the Fund may add
to their client accounts as well as open new accounts for other clients. Fremont
Investment Advisors,  Inc., as the advisor of the Fund, may reopen and close the
Fund to certain types of new investors in the future.

After March 10th,  shareholders  that own other Fremont  Mutual  Funds,  may not
exchange  these shares into the Fremont U.S.  Micro-Cap Fund unless they have an
existing Fremont U.S. Micro-Cap Fund account.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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