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HARRIS INSIGHT(R) FUNDS
HARRIS INSIGHT EQUITY FUNDS
HARRIS INSIGHT FIXED INCOME FUNDS
A Shares
(formerly Advisor Shares)
SUPPLEMENT DATED FEBRUARY 18, 1999
TO THE PROSPECTUS DATED JANUARY 18, 1999
CLASS NAME CHANGES
Effective February 18, 1999, Advisor Shares of the Funds are renamed A Shares.
This class of shares bears a front-end sales charge. The Funds' current Class A
Shares, which do not bear a front-end sales charge and are offered through a
separate prospectus, are renamed N Shares.
SALES CHARGES
As described on page 45 of the Prospectus, A Shares of the Funds are sold with a
front-end sales charge (applied when an investment is made), subject to certain
exceptions. The tables below replace the information in the table on page 45 of
the Prospectus with regard to the amount of the sales charge.
EQUITY FUNDS
SALES CHARGE DEALER
AS A % OF ALLOWANCE
SALES NET AMOUNT AS A % OF
AMOUNT OF PURCHASE CHARGES INVESTED OFFERING PRICE
Less than $50,000 5.50% 5.82% 5.00%
$50,000 to $99,999 4.50 4.71 4.00
$100,000 to $249,999 3.50 3.63 3.25
$250,000 to $499,999 2.50 2.56 2.25
$500,000 to $999,999 2.00 2.04 1.75
$1,000,000 and over 0.00 0.00 1.00
CONVERTIBLE SECURITIES FUND, TAX-EXEMPT BOND FUND AND BOND FUND
SALES CHARGE DEALER
AS A % OF ALLOWANCE
SALES NET AMOUNT AS A % OF
AMOUNT OF PURCHASE CHARGES INVESTED OFFERING PRICE
Less than $50,000 4.50% 4.71% 4.25%
$50,000 to $99,999 4.25 4.43 4.00
$100,000 to $249,999 3.50 3.63 3.25
$250,000 to $499,999 2.50 2.56 2.25
$500,000 to $999,999 2.00 2.04 1.75
$1,000,000 and over 0.00 0.00 1.00
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INTERMEDIATE TAX-EXEMPT BOND FUND, SHORT/INTERMEDIATE BOND FUND AND
INTERMEDIATE GOVERNMENT BOND FUND
SALES CHARGE DEALER
AS A % OF ALLOWANCE
SALES NET AMOUNT AS A % OF
AMOUNT OF PURCHASE CHARGES INVESTED OFFERING PRICE
Less than $50,000 3.50% 3.63% 3.25%
$50,000 to $99,999 3.25 3.36 3.00
$100,000 to $249,999 2.50 2.56 2.25
$250,000 to $499,999 2.00 2.04 1.75
$500,000 to $999,999 1.50 1.52 1.25
$1,000,000 and over 0.00 0.00 1.00
CONTINGENT DEFERRED SALES CHARGE. As described on page 46 of the Prospectus,
A Share purchases of $1,000,000 or more, for which no initial sales charge is
assessed, will be subject to a contingent deferred sales charge if redeemed
within the first two years.
The table below replaces the information on page 46 of the Prospectus with
regard to the amount of this charge and the periods for which it applies.
ALL FUNDS
CONTINGENT DEFERRED
SALES CHARGE
AS A % OF DOLLAR AMOUNT
PERIOD SHARES HELD SUBJECT TO CHARGE
Less than one year 1.00%
One to two years 0.50
Footnote 1 on page 11 is correspondingly modified to reflect a two-level
contingent deferred sales charge over a two-year period.
SERVICE FEES
As described on page 41 of the Prospectus, the Funds' Service Plan relating to A
Shares allows for payments to financial institutions, broker-dealers and other
service organizations for shareholder support and distribution services they
provide. The maximum rate payable under the Servicing Plan is 0.35% of the
average daily net assets of A Shares. Normally, payments to service
organizations cover shares held after twelve months from the share purchase date
and are paid quarterly in arrears. The current service fee rates for the Equity
Funds and the Fixed Income Funds are 0.35% and 0.25%, respectively.
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HARRIS INSIGHT(R) FUNDS
HARRIS INSIGHT EQUITY FUNDS
HARRIS INSIGHT FIXED INCOME FUNDS
HARRIS INSIGHT MONEY MARKET FUNDS
Institutional Shares
SUPPLEMENT DATED FEBRUARY 18, 1999
TO THE PROSPECTUS DATED MAY 1, 1998
CLASS NAME CHANGES
Effective February 18, 1999, Advisor Shares of the Funds, which bear a
front-end sales charge and are offered through a separate prospectus, are
renamed A Shares. The Funds' current Class A Shares, which do not bear a
front-end sales charge and also are offered through a separate prospectus, are
renamed N Shares. Institutional Shares will not be renamed.
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HARRIS INSIGHT(R) FUNDS
HARRIS INSIGHT EQUITY FUNDS
HARRIS INSIGHT FIXED INCOME FUNDS
HARRIS INSIGHT MONEY MARKET FUNDS
N Shares
(formerly Class A Shares)
SUPPLEMENT DATED FEBRUARY 18, 1999
TO THE PROSPECTUS DATED MAY 1, 1998
CLASS NAME CHANGES
Effective February 18, 1999, Class A Shares of the Funds are renamed N Shares.
This class of shares does not bear a front-end sales charge. The Funds' Advisor
Shares, which bear a front-end sales charge and are offered through a separate
prospectus, are renamed A Shares.
