SUPPLEMENT DATED JUNE 26, 2006 TO THE PROSPECTUS OF MATTHEWS ASIAN FUNDS DATED APRIL 28, 2006 The following supplements the Portfolio Managers section on pages 28 and 42-43 of the Prospectus dated April 28, 2006: The Co-Managers for the Matthews India Fund are Mark W. Headley and Sharat Shroff. Sharat Shroff, CFA Mr. Shroff is Co-Portfolio Manager of the Matthews India Fund. Mr. Shroff joined Matthews International Capital Management, LLC in 2005 as Research Analyst. For the prior five years, he worked for Morgan Stanley as Equity Research Associate in its San Francisco office. Mr. Shroff received his MBA from the Indian Institute of Management, Calcutta in 2000 and earned his Chartered Financial Analyst (CFA) designation in 2003. SUPPLEMENT DATED JUNE 26, 2006 TO THE STATEMENT OF ADDITIONAL INFORMATION OF MATTHEWS ASIAN FUNDS DATED APRIL 28, 2006 The following table supplements the table found in "Portfolio Managers," on pages 47-48 of the Statement of Additional Information dated April 28, 2006: The following table sets forth the dollar range of equity securities beneficially owned by each Portfolio Manager in each Fund and in all registered investment companies overseen by the Portfolio Manager within the family of investment companies, as of December 31, 2005, except as otherwise indicated in the footnote to the table. NAME OF PORTFOLIO DOLLAR RANGE OF MANAGER EQUITY SECURITIES IN EACH FUND* Sharat Shroff Matthews China Fund ($1-$10,000) Matthews India Fund ($1-$10,000) Matthews Japan Fund ($1-$10,000) * Ranges as of June 23, 2006.