May 1, 2000
CARL DOMINO EQUITY INCOME FUND
INVESTOR CLASS SHARES
SUPPLEMENT TO PROSPECTUS
DATED MARCH 1, 2000
On April 29, 2000, a majority of the shareholders of Carl Domino Equity
Income Fund approved the selection of Northern Trust Investments, Inc. ("NTI")
as the new investment adviser to the Fund, effective May 1, 2000. On that date,
NTI acquired substantially all of the assets of Carl Domino Associates, L.P.
("Domino LP"), the Fund's former investment advisor, and converted Domino LP
into a division of NTI known as Northern Trust Value Investors ("NT Value"). The
portfolio manager of the Fund, Carl Domino, is now a portfolio manager with NT
Value and will remain responsible for the day-to-day management of the Fund. The
Fund is a series of AmeriPrime Funds. In addition to the above, the Prospectus
is revised as described below.
MANAGEMENT OF THE FUND
The first paragraph under "Management of the Fund" on page 10 of the
Prospectus is revised to read as follows:
Northern Trust Investments, Inc., operating through its division,
Northern Trust Value Investors, 580 Village Blvd., Suite 225, West Palm
Beach, Florida 33409 serves as investment adviser to the Fund. NT Value
provides equity, balanced and fixed income portfolio management services
to a select group of corporations, institutions, foundations, trusts and
high net worth individuals and manages over $2 billion in assets. During
the fiscal year ended October 31, 1999, the Fund paid Domino LP (the
former investment advisor to the Fund now operating as NT Value) a fee
equal to 1.50% of its average daily net assets.
This supplement and the Prospectus dated March 1, 2000 provide the
information a prospective investor ought to know before investing and should be
retained for future reference. A Statement of Additional Information has been
filed with the Security and Exchange Commission dated March 1, 2000, which is
incorporated herein by reference and can be obtained without charge by calling
the Fund at 1-800-507-9922.
<PAGE>
May 1, 2000
CARL DOMINO GLOBAL EQUITY INCOME FUND
SUPPLEMENT TO PROSPECTUS
DATED MARCH 1, 2000
On April 29, 2000, a majority of the shareholders of Carl Domino
Global Equity Income Fund approved the selection of Northern Trust Investments,
Inc. ("NTI") as the new investment adviser to the Fund, effective May 1, 2000.
On that date, NTI acquired substantially all of the assets of Carl Domino
Associates, L.P. ("Domino LP"), the Fund's former investment advisor, and
converted Domino LP into a division of NTI known as Northern Trust Value
Investors ("NT Value"). The portfolio manager of the Fund, Carl Domino, is now a
portfolio manager with NT Value and will remain responsible for the day-to-day
management of the Fund. The Fund is a series of AmeriPrime Funds. In addition to
the above, the Prospectus is revised as described below.
MANAGEMENT OF THE FUND
The first paragraph under "Management of the Fund" on page 10 of the
Prospectus is revised to read as follows:
Northern Trust Investments, Inc., operating through its division,
Northern Trust Value Investors, 580 Village Blvd., Suite 225, West Palm
Beach, Florida 33409 serves as investment adviser to the Fund. NT Value
provides equity, balanced and fixed income portfolio management services
to a select group of corporations, institutions, foundations, trusts and
high net worth individuals and manages over $2 billion in assets. During
the fiscal year ended October 31, 1999, the Fund paid Domino LP (the
former investment advisor to the Fund now operating as NT Value) a fee
equal to 1.50% of its average daily net assets.
This supplement and the Prospectus dated March 1, 2000 provide the
information a prospective investor ought to know before investing and should be
retained for future reference. A Statement of Additional Information has been
filed with the Security and Exchange Commission dated March 1, 2000, which is
incorporated herein by reference and can be obtained without charge by calling
the Fund at 1-800-507-9922.
<PAGE>
May 1, 2000
CARL DOMINO GROWTH FUND
SUPPLEMENT TO PROSPECTUS
DATED MARCH 1, 2000
On April 29, 2000, a majority of the shareholders of Carl Domino Growth
Fund approved the selection of Northern Trust Investments, Inc. ("NTI") as the
new investment adviser to the Fund, effective May 1, 2000. On that date, NTI
acquired substantially all of the assets of Carl Domino Associates, L.P.
("Domino LP"), the Fund's former investment advisor, and converted Domino LP
into a division of NTI known as Northern Trust Value Investors ("NT Value"). The
portfolio manager of the Fund, Carl Domino, is now a portfolio manager with NT
Value and will remain responsible for the day-to-day management of the Fund. The
Fund is a series of AmeriPrime Funds. In addition to the above, the Prospectus
is revised as described below.
MANAGEMENT OF THE FUND
The first paragraph under "Management of the Fund" on page 10 of the
Prospectus is revised to read as follows:
Northern Trust Investments, Inc., operating through its division,
Northern Trust Value Investors, 580 Village Blvd., Suite 225, West Palm
Beach, Florida 33409 serves as investment adviser to the Fund. NT Value
provides equity, balanced and fixed income portfolio management services
to a select group of corporations, institutions, foundations, trusts and
high net worth individuals and manages over $2 billion in assets. During
the fiscal year ended October 31, 1999, the Fund paid Domino LP (the
former investment advisor to the Fund now operating as NT Value) a fee
equal to 1.50% of its average daily net assets.
This supplement and the Prospectus dated March 1, 2000 provide the
information a prospective investor ought to know before investing and should be
retained for future reference. A Statement of Additional Information has been
filed with the Security and Exchange Commission dated March 1, 2000, which is
incorporated herein by reference and can be obtained without charge by calling
the Fund at 1-800-507-9922.
