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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 e11PGDYVbVkG2azi/XnUcA==

<SEC-DOCUMENT>0000950130-99-002732.txt : 19990507
<SEC-HEADER>0000950130-99-002732.hdr.sgml : 19990507
ACCESSION NUMBER:		0000950130-99-002732
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19990506

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HSBC MUTUAL FUNDS TRUST
		CENTRAL INDEX KEY:			0000861106
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		
		SEC FILE NUMBER:	033-33734
		FILM NUMBER:		99612717

	BUSINESS ADDRESS:	
		STREET 1:		3435 STELZER ROAD
		STREET 2:		SUITE1000
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43219-8001
		BUSINESS PHONE:		6144708000

	MAIL ADDRESS:	
		STREET 1:		3435 STELZER ROAD
		STREET 2:		SUITE 1000
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43219-8001

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MARINER MUTUAL FUNDS TRUST
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<DESCRIPTION>HSBC MUTUAL FUNDS TRUST
<TEXT>

<PAGE>
 
 
                            HSBC MUTUAL FUNDS TRUST

                         SUPPLEMENT DATED MAY 6, 1999
                      TO THE PROSPECTUS DATED MAY 6, 1999

With respect to the references to the HSBC Mutual Funds, as of the date of this
supplement, Class B and Class C shares of the Growth and Income Fund, Fixed
Income Fund and New York Tax-Free Bond Fund are not yet being offered for sale.
The Class B and Class C shares of these Funds will be offered for sale as of
July 1, 1999.

                 INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH 
                      THE PROSPECTUS FOR FUTURE REFERENCE


<PAGE>
 
                            HSBC MUTUAL FUNDS TRUST

                         SUPPLEMENT DATED MAY 6, 1999
                      TO THE PROSPECTUS DATED MAY 6, 1999

With respect to the references to the HSBC International Equity Fund, as of the 
date of this supplement, Class B and Class C shares of the Fund are not yet 
being offered for sale.  The Class B and Class C shares of the Fund will be 
offered for sale as of July 1, 1999.

                 INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH 
                      THE PROSPECTUS FOR FUTURE REFERENCE

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