RULE 497(e)
FILE NOS. 33-14449
AND 811-07599
SUPPLEMENT
TO
PROSPECTUS DATED DECEMBER 1, 2000
FOR
DOMINI INSTITUTIONAL SOCIAL EQUITY FUNDSM
NEW SUBMANAGER
On January 1, 2001 State Street Global Advisors (SSgA), the investment
management division of State Street Bank and Trust Company, replaced Mellon
Equity Associates LLP as the submanager of the Domini Social Index Portfolio.
The Domini Institutional Social Equity Fund invests all of its assets in the
Portfolio. SSgA is located at One International Place, Boston, Massachusetts
02110. Domini Social Investments LLC (DSIL) will continue to be the investment
manager of the Portfolio and will monitor and supervise SSgA. The Fund's
objective and investment strategy will remain unchanged.
As the submanager of the Portfolio, SSgA will implement the daily
transactions necessary to maintain the proper correlation between the Portfolio
and the Domini 400 Social IndexSM (the Index). SSgA will not determine the
composition of the Index. DSIL may terminate SSgA's services as the submanager
to the Portfolio at any time.
Under applicable law, SSgA may not serve as the Portfolio's submanager
after May 31, 2001 without shareholder approval. Shareholders of the Domini
Institutional Social Equity Fund will be asked to approve SSgA as the
submanager of the Portfolio at a special meeting of shareholders to be held
prior to May 31, 2001.
Domini 400 Social IndexSM is a service mark of Kinder, Lydenberg, Domini &
Co., Inc. (KLD) and is used under license. KLD is the owner of the Index but is
not the manager of the Portfolio.
The date of this Supplement is January 1, 2001
Cusip # 257131101
DISEF-Prosp Supp 1/1/01 Printed on recycled paper
<PAGE>
RULE 497(e)
FILE NOS. 33-14449
AND 811-07599
SUPPLEMENT
DATED JANUARY 1, 2001
TO
STATEMENT OF ADDITIONAL INFORMATION
DATED DECEMBER 1, 2000
FOR
DOMINI INSTITUTIONAL SOCIAL EQUITY FUNDSM
On January 1, 2001 State Street Global Advisors (SSgA), the investment
management division of State Street Bank and Trust Company, became the
submanager of the Domini Social Index Portfolio. State Street Bank and Trust
Company is a wholly owned subsidiary of State Street Corporation, a publicly
held bank holding company. SSgA is located at One International Place, Boston,
Massachusetts 02110.
As the submanager of the Portfolio, SSgA will implement the daily
transactions necessary to maintain the proper correlation between the Portfolio
and the Domini 400 Social IndexSM (the Index). SSgA will not determine the
composition of the Index. Domini Social Investments LLC (DSIL) will continue to
be the investment manager of the Portfolio and will monitor and supervise SSgA.
DSIL may terminate SSgA's services as the submanager to the Portfolio at any
time.
SSgA's management fees are paid by DSIL. SSgA's annual fee is the greater
of $300,000 or the fee based on the following schedule:
0.02% of the first $1 billion of net assets managed
0.01% of the next $1 billion of net assets managed
0.0075% of net assets managed in excess of $2 billion
Under applicable law, SSgA may not serve as the Portfolio's submanager
after May 31, 2001 without shareholder approval. Shareholders of the Domini
Institutional Social Equity Fund will be asked to approve SSgA as the
submanager of the Portfolio at a special meeting of shareholders to be held
prior to May 31, 2001.
Domini 400 Social IndexSM is a service mark of Kinder, Lydenberg, Domini &
Co., Inc. (KLD) and is used under license. KLD is the owner of the Index but is
not the manager of the Portfolio.
Cusip # 257131101
DISEF-SAI Supp 1/1/01 Printed on recycled paper
