WesMark Growth Fund
WesMark Bond Fund
WesMark Balanced Fund
WesMark West Virginia Municipal Bond Fund
(Portfolios of WesMark Funds)
Supplement to Prospectuses Dated April 30, 1999
Following is information that supplements your WesMark Funds
prospectus. We're providing it to advise you of the addition of a front-end
sales charge on purchases of Shares of WesMark Funds, effective October 1, 1999.
A front-end sales charge is a fee paid directly from your initial
investment (i.e., purchases are at net asset value (NAV) plus any applicable
sales charge (public offering price)). The maximum sales charge imposed on
purchases of shares of the WesMark Growth Fund and WesMark Balanced Fund is
4.75%. The maximum sales charge imposed on purchases of the WesMark Bond Fund
and WesMark West Virginia Municipal Bond Fund is 3.75%. You should note,
however, that certain investors, including trust customers of WesBanco, are not
subject to the sales charge. The sales charge will be eliminated when Shares are
purchased by:
o trust and fiduciary accounts of WesBanco;
o certain defined benefit/contribution plans;
o employees, directors and officers of WesBanco, Federated Investors
and their affiliates, and members of
their immediate families;
o investments made after signing a Letter of Intent;
o investments of $1,000,000 or more; and
o exchanges between WesMark Funds
In addition, if your account was opened prior to October 1, 1999, all subsequent
purchases will not be subject to the sales charge.
The following Example is intended to help you compare the cost of
investing in the Fund with the cost of investing in other mutual funds. The
Example assumes that you invest $10,000 in the Fund for the time periods
indicated and then redeem all of your shares at the end of those periods.
Expenses assuming no redemption are also shown. The Example also assumes that
your investment has a 5% return each year and that the Fund operating expenses
are before waivers. Although your actual costs may be higher or lower, based on
these assumptions your costs would be:
EXAMPLE
The following Example is intended to help you compare the cost
of investing in the Fund with the cost of investing in other
mutual funds. The Example assumes that you invest $10,000 in
the Fund for the time periods indicated and then redeem all of
your shares at the end of those periods. Expenses assuming no
redemption are also shown. The Example also assumes that your
investment has a 5% return each year and that the Fund
operating expenses are before waivers as shown in the Table
and remain the same. Although your actual costs may be higher
or lower, based on these assumptions your costs would be:
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
1 Year 3 Years 5 Years 10 Years
WesMark Growth Fund $625 $941 $1,280 $2,233
WesMark Bond Fund $519 $822 $1,148 $2,066
WesMark Balanced Fund $643 $997 $1,374 $2,429
WesMark West Virginia Municipal Bond Fund $525 $840 $1,178 $2,130
</TABLE>
WesBanco Securities, Inc.
The Trust is also pleased to announce that effective October 1, 1999,
Shares can be purchased through WesBanco Securities, Inc. (WSI) by visiting a
WSI investment professional or by calling 1-800-368-3369. Once you have
established you account with WSI, you may submit your purchase order to the WSI
investment professional before the end of regular trading on the NYSE (normally
4:00 p.m. Eastern time) to receive the next calculated NAV, if the investment
professional forwards the order to the Fund on the same day and the Fund
receives payment within three business days. You will become the owner of shares
and receive dividends when the Fund receives your payment.
Sales Charge When You Purchase WesMark Growth Fund
& WesMark Balanced Fund:
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
Sales Charge as a Sales Charge as a
Amount of Investment Percentage Percentage of NAV
of Public Offering Price
Less than $50,000 4.75% 4.99%
$50,000 but less than $100,000 3.50% 3.63%
$100,000 but less than $250,000 2.50% 2.56%
$250,000 but less than $500,000 1.50% 1.52%
$500,000 but less than $1,000,000 1.00% 1.01%
$1,000,000 or greater 0.00% 0.00%
Sales Charge When You Purchase WesMark Bond Fund
& WesMark West Virginia Municipal Bond Fund:
Sales Charge as a Sales Charge as a
Amount of Investment Percentage Percentage of NAV
of Public Offering Price
Less than $25,000 3.75% 3.90%
$25,000 but less than $50,000 3.50% 3.63%
$50,000 but less than $100,000 3.00% 3.09%
$100,000 but less than $250,000 2.50% 2.56%
$250,000 but less than $500,000 1.50% 1.52%
$500,000 but less than $1,000,000 1.00% 1.01%
$1,000,000 or greater 0.00% 0.00%
</TABLE>
October 1, 1999
Federated Investors
Edgewood Services, Inc., Distributor
Cusip 951025204
Cusip 951025402
Cusip 951025303
Cusip 951025105
G02106-02
WesMark Growth Fund
WesMark Bond Fund
WesMark Balanced Fund
WesMark West Virginia Municipal Bond Fund
(Portfolios of WesMark Funds)
Supplement to Statements of Additional Information Dated April 30, 1999
The Board of Trustees approved a front-end sales charge on purchases of Shares
of WesMark Funds, effective October 1, 1999. Certain investors and purchases may
not be subject to the sales charge. Accordingly, please add the following after
the first paragraph under "WHAT DO SHARES COST" for each of the above-referenced
portfolios of WesMark Funds:
"eliminating THE FRONT-END SALES CHARGE
You can eliminate the applicable front-end sales charge, as follows:
Quantity Discounts
Larger purchases of the WesMark Funds eliminate or reduce the sales
charge you pay. You can combine purchases of Shares made on the same
day by you, your spouse and your children under age 21. In addition,
purchases made at one time by a trustee or fiduciary for a single trust
estate or a single fiduciary account can be combined.
Accumulated Purchases
If you make an additional purchase of Shares, you can count previous
Share purchases still invested in the Fund in calculating the
applicable sales charge on the additional purchase.
Concurrent Purchases
You can combine concurrent purchases of the same share class of two or
more Federated Funds in calculating the applicable sales charge.
Letter of Intent
You can sign a Letter of Intent committing to purchase a certain amount
of the WesMark Funds Shares within a 13-month period to combine such
purchases in calculating the sales charge. The Fund's custodian will
hold Shares in escrow equal to the maximum applicable sales charge. If
you complete the Letter of Intent, the Custodian will release the
Shares in escrow to your account. If you do not fulfill the Letter of
Intent, the Custodian will redeem the appropriate amount from the
Shares held in escrow to pay the sales charges that were not applied to
your purchases.
Reinvestment Privilege
You may reinvest, within 120 days, your Share redemption proceeds at
the next determined NAV without any sales charge.
Purchases by Affiliates of the Fund
The following individuals and their immediate family members may buy
Shares at NAV without any sales charge because there are nominal sales
efforts associated with their purchases:
o the Trustees, employees, directors and officers of WesBanco, Federated
Investors and sales representatives of the Fund, the Adviser, the Distributor
and their affiliate, and members of their immediate families;
o any associated person of an investment dealer who has a sales
agreement with the Distributor; and
o trusts, pension or profit-sharing plans for these individuals."
<PAGE>
Also, please add the following after the first paragraph under "HOW IS THE FUND
SOLD" for each of the above-referenced portfolios of the WesMark Funds:
"The Distributor receives a front-end sales charge on certain Share
sales. The Distributor generally pays up to 90% (and as much as 100%)
of this charge to investment professionals (including WesBanco
Securities, Inc.) for sales and/or administrative services. Any
payments to investment professionals in excess of 90% of the front-end
sales charge are considered supplemental payments. The Distributor
retains any portion not paid to an investment professional."
October 1, 1999
Federated Investors
Edgewood Services, Inc., Distributor
Cusip 951025204
Cusip 951025402
Cusip 951025303
Cusip 951025105
G02106-03
