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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000950147-99-001220.txt : 19991111
<SEC-HEADER>0000950147-99-001220.hdr.sgml : 19991111
ACCESSION NUMBER:		0000950147-99-001220
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19991110

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:		99746133

	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>SUPPLEMENT TO PROSPECTUS DATED 3-1-99
<TEXT>

                             FREMONT INSTITUTIONAL
                              U.S. MICRO-CAP FUND


     The  following  supplements  the  section  "HOW TO INVEST" on page 6 of the
Prospectus March 1, 1999.

     Effective  immediately,  the  minimum  initial  investment  for the Fremont
Institutional  U.S. Micro-Cap Fund is $250,000 for both regular accounts and IRA
accounts. Each subsequent investment in the Fund must be $5,000 or more.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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