SUPPLEMENT DATED JUNE 8, 2006
TO THE PROSPECTUS OF MATTHEWS ASIAN FUNDS
DATED APRIL 28, 2006
MATTHEWS PACIFIC TIGER FUND
The following supplements page 12 of the Prospectus dated April 28, 2006:
The Matthews Pacific Tiger Fund closed to most new investors on
June 7, 2006. The Fund is continuing to accept investments from
existing shareholders. Please see page 48 for "Who Can Invest in
a Closed Fund?"
The section titled "Who Can Invest in a Closed Fund?" on page 48 of
the Prospectus dated April 28, 2006, is replaced by the following:
The Matthews Pacific Tiger Fund and the Matthews Asian Growth and
Income Fund were closed to most new investors as of June 7, 2006
and November 28, 2003, respectively. If you were a shareholder of
the Funds when they closed and the account remains open, you may
make additional investments in the Funds or open additional accounts
in the Funds under the same primary Social Security Number. To
establish a new account in a closed Fund, you must provide written
proof of your existing account (e.g., a copy of the account statement)
to that Fund. A request to open a new account in a closed Fund will not
be deemed to be "in good order" until you provide sufficient written
proof of existing Fund ownership to the Fund or its representative. In
addition, the following categories of investors may continue to invest in
a closed fund:
* Financial advisors with existing clients in the Fund
* Retirement plans and their participants that currently may
invest in the Fund
* Fee-based programs with existing clients in or allocations to
the Fund
* Officers and employees of the Fund's Advisor and their family
members
* Trustees, officers and employees of the Funds
Please note that some intermediaries may be unable to operationally
accommodate additional investments in a closed fund. The Funds' Board
of Trustees reserves the right to close a fund at any time (including
closing the Fund to one or more of the above categories of investors)
or to re-open one or more closed funds to all investors at any future
date. If you have any questions about whether you are able to purchase
shares of a closed fund, please call 800-789-ASIA [2742].
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SUPPLEMENT DATED JUNE 8, 2006
TO THE STATEMENT OF ADDITIONAL INFORMATION
OF MATTHEWS ASIAN FUNDS
DATED APRIL 28, 2006
On May 24, 2006, the shareholders of the Matthews Asian Funds elected
seven Trustees to the Board of Trustees. Four of the elected persons
currently serve as Trustees, two of the elected persons are new to the
Board and one person had previously served as an Interested Trustee.
The following table supplements the table found in "Management of the
Funds - Trustees and Officers," on page 30 of the Statement of
Additional Information dated April 28, 2006:
OTHER
TERM OF NUMBER OF TRUSTEESHIPS/
OFFICE PORTFOLIOS DIRECTORSHIPS
POSITION(S) AND PRINCIPAL IN FUND (NUMBER OF
NAME, YEAR HELD LENGTH OCCUPATION(S) COMPLEX PORTFOLIOS)
OF BIRTH, WITH THE OF TIME DURING PAST OVERSEEN HELD BY
AND ADDRESS TRUST SERVED(1) 5 YEARS BY TRUSTEE TRUSTEE
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INDEPENDENT TRUSTEES
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Geoffrey H.
Bobroff Trustee Since President, 8 None.
Born 1944 2006 Bobroff
Four Consulting,
Embarcadero Inc.
Center (since 1993).
Suite 550
San Francisco,
CA 94111
Rhoda Trustee Since Senior Vice 8 Director of each
Rossman 2006 President, of PMI Mortgage
Born 1958 Treasurer, Portfolio Insurance Co.,
Four Manager(since 2003); PMI Mortgage
Embarcadero Vice President and Guaranty Co.,
Center Treasurer (2001- PMI Mortgage
Suite 550 2003); Assistant Services Co.,
San Francisco, Vice President (1999- Residential
CA 94111 2001); Portfolio Guaranty Co.,
Manager (1997-2001), Residential
The PMI Group, Inc. Insurance Co.,
PMI Securities
Co., Commerical
Loan Insurance
Corporation,
WMAC Credit
Insurance
Corporation,
PMI Mortgage
Insurance Ltd.,
PMI Mortgage
Insurance
Australia
(Holdings) Pty.
Limited, and
PMI Indemnity
Limited.
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INTERESTED TRUSTEES(2)
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G. Paul President President Chairman 8 Director,
Matthews and (Since and Chief Matthews Asian
Born 1956 Trustee 1994), Investment Selection Funds
Four Trustee Officer, PLC(1 portfolio)
Embarcadero since Matthews
Center 2006 International
Suite 550 Capital
San Francisco, Management LLC
CA 94111 since 1991.
(1) Each Trustee serves for an indefinite term, until retirement age
or until his or her successor is elected.
(2) These Trustees and officers are considered "interested persons"
of the Trust as defined under the 1940 Act either because of an
ownership interest in the Advisor or an office held with the Trust.
[PAGE BREAK]
The following supplements the table found in "Security and Other
Interests," on page 34 of the Statement of Additional Information dated
April 28, 2006:
AGGREGATE DOLLAR
RANGE OF EQUITY
SECURITIES IN
ALL REGISTERED
INVESTMENT
COMPANIES
OVERSEEN BY
DOLLAR RANGE OF TRUSTEE WITHIN
EQUITY SECURITIES THE FAMILY OF
NAME OF TRUSTEE IN EACH FUND INVESTMENT COMPANIES
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INDEPENDENT TRUSTEES*
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Geoffrey H. Bobroff None None
Rhoda Rossman Matthews Asian Growth and $10,001-$50,000
Income Fund ($10,001-$50,000)
Matthews India Fund ($10,001-
$50,000)
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INTERESTED TRUSTEES
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G. Paul Matthews Matthews Asia Pacific Fund Above $100,000
($10,001-$50,000)
Matthews Pacific Tiger Fund
(Above $100,000)
Matthews Asian Growth and
Income Fund (Above $100,000)
Matthews Asian Technology
Fund ($10,001-$50,000)
Matthews China Fund ($10,001-
$50,000)
Matthews India Fund ($10,001-
$50,000)
Matthews Japan Fund ($10,001-
$50,000)
Matthews Korea Fund ($10,001-
$50,000)
* Values as of the date of election to the Board of Trustees.