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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 beaGglkJNgBdShSzVHJW2Q==

<SEC-DOCUMENT>0000846030-98-000012.txt : 19980617
<SEC-HEADER>0000846030-98-000012.hdr.sgml : 19980617
ACCESSION NUMBER:		0000846030-98-000012
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19980616
SROS:			NONE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			STAR FUNDS
		CENTRAL INDEX KEY:			0000846030
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		
		SEC FILE NUMBER:	033-26915
		FILM NUMBER:		98649037

	BUSINESS ADDRESS:	
		STREET 1:		FEDERATED INVESTORS TWR
		CITY:			PITTSBURGH
		STATE:			PA
		ZIP:			15222
		BUSINESS PHONE:		4122886331

	MAIL ADDRESS:	
		STREET 1:		FEDERATED INVESTORS TOWER
		CITY:			PITTSBURGH
		STATE:			PA
		ZIP:			15222-3779

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VALUE PLUS FUNDS
		DATE OF NAME CHANGE:	19890409
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<TEXT>


THE STELLAR FUND
STAR RELATIVE VALUE FUND
STAR MARKET CAPITALIZATION FUND
STAR GROWTH EQUITY FUND
STAR CAPITAL APPRECIATION FUND
STAR INTERNATIONAL EQUITY FUND
THE STELLAR INSURED TAX-FREE BOND FUND
STAR U.S. GOVERNMENT INCOME FUND
STAR STRATEGIC INCOME FUND
(PORTFOLIOS OF THE STAR FUNDS)
Supplement to Prospectuses dated March 31, 1998

    Please delete the last two sentences of the section entitled "Additional
Distribution Payments" and replace them with the following:

    "In addition, dealers will receive an amount equal to 3.2% of the net asset
    value of the B Shares of the Trust purchased by their clients or customers.
    These payments will not be made from assets of the Fund."

                                                                   June 30, 1998


    STAR BANK, N.A.
    INVESTMENT ADVISER

    FEDERATED SECURITIES CORP.
    Distributor

    Cusips  854911708   854911823
         854911609854911807
         854911401854911815
         854911831854911856
         854911773854911500
         854911799854911765
         854911864854911880

    G00950-13 (6/98)


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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