RCM Global Technology Fund
Offered by:
RCM Equity Funds, Inc.
Supplement Dated June 19, 1996
to the Prospectus and Statement of Additional Information
Dated December 26, 1995
At a Special Meeting of Stockholders of the Company held on
May 28, 1996, the stockholders approved all of the proposals
submitted to them, as set forth in the Proxy Statement
previously sent to all stockholders, and incorporated herein
by reference. On June 14, 1996, as contemplated by the
Proxy Statement, all of the outstanding general and limited
partnership interests in the Fund's investment manager were
acquired by RCM Capital Management, L.L.C. (the "Investment
Manager"), a wholly owned subsidiary of Dresdner Bank AG, an
international banking organization headquartered in
Frankfurt, Germany ("Dresdner"). Changes in the service
arrangements and operations of the Company and the Fund that
were approved at the Special Meeting of Stockholders are
summarized below.
Distributor. Funds Distributor, Inc. (the "Distributor"),
whose principal place of business is One Exchange Place,
10th Floor, Boston Massachusetts 02109, has been retained
by the Company as distributor of the Fund. The Distributor
is engaged in the business of providing mutual fund
distribution services, and is an indirect wholly owned
subsidiary of Boston Institutional Group, Inc., which is not
affiliated with the Investment Manager or Dresdner.
Directors and Officers. The members of the Board of
Directors of the Company are DeWitt F. Bowman, Pamela A.
Farr, Thomas S. Foley, Frank P. Greene and George G.C.
Parker, none of whom is affiliated with the Investment
Manager. Please refer to Proposal 2 in the Proxy Statement
for information regarding the Directors.
The Board of Directors has elected the following persons as
executive officers of the Company, each of whom is also an
employee of the Distributor:
Richard W. Ingram, President, Treasurer and Chief Financial
Officer. Mr. Ingram is Senior Vice President and Director
of Client Services and Treasury Administration of Funds
Distributor, Inc. ("FDI") with which he has been associated
since November 1995. From March 1994 to November 1995, he
was Vice President and Division Manager of First Data
Investor Services Group; and from 1989 to 1994, he was Vice
President, Assistant Treasurer and Tax Director - Mutual
Funds of The Boston Company. He is also an officer of
certain investment companies advised or administered by
Waterhouse Asset Management, Inc. ("Waterhouse"), President,
Treasurer and Chief Financial Officer of RCM Capital Funds,
Inc. ("Capital Funds"), and President, Chief Financial
Officer and Assistant Treasurer of RCM Strategic Global
Government Fund, Inc. ("RCS").
John E. Pelletier, Vice President and Secretary. Mr.
Pelletier is Senior Vice President and General Counsel of
FDI with which he has been associated since April 1994. From
February 1992 to April 1994, he served as Counsel for The
Boston Company Advisors, Inc.; and from August 1990 to
February 1992, he was employed as an Associate at Ropes &
Gray. He is also an officer of certain investment companies
advised or administered by Dreyfus Corporation ("Dreyfus")
and Waterhouse, Vice President and Secretary of Capital
Funds, and Vice President and Assistant Secretary of RCS.
Elizabeth A. Bachman, Vice President and Assistant
Secretary. Ms. Bachman is Assistant Vice President and
Counsel of FDI and of Premier Mutual Fund Services, Inc. (an
affiliate of FDI) with which she has been associated since
September 1995. From September 1992 to September 1995, she
was enrolled at Fordham University School of Law and
received her J.D. in May 1995; and prior to September 1992,
she was an Assistant at the National Association for Public
Interest Law. She is also an officer of certain investment
companies advised or administered by Dreyfus and Waterhouse,
Vice President and Assistant Secretary of Capital Funds, and
Vice President and Assistant Secretary of RCS.
