HARDING, LOEVNER FUNDS, INC.
SUPPLEMENT DATED JULY 1, 1999
to the Prospectus dated February 1, 1999
THE PROSPECTUS IS CHANGED AS FOLLOWS:
1. The paragraph under the heading "Administrator" on page 3 of the
Prospectus is deleted and replaced with the following:
Investors Bank & Trust Company ("Investors Bank") serves as
administrator to the Fund, supervising the general
day-to-day business activities and operations of the Fund
other than investment advisory activities. For more
information, refer to "Management of the Fund -
Administrator."
2. The three paragraphs under the heading "Administrator" on page 20 of the
Prospectus are deleted and replaced with the following:
Pursuant to an Administration Agreement between the Fund and
Investors Bank, dated as of June 10, 1999, Investors Bank
serves as Administrator to the Fund. The services provided
by Investors Bank include certain accounting, clerical and
bookkeeping services, Blue Sky, corporate secretarial
services and assistance in the preparation and filing of tax
returns and reports to shareholders and the Securities and
Exchange Commission.
The Fund pays Investors Bank a monthly fee at an annual rate
of 0.09% on the first $500 million of the average daily net
assets of the Fund, 0.06% on the next $500 million of the
average daily net assets of the Fund, and 0.04% on the
average daily net assets in excess of $1 billion. Each
Portfolio pays a proportionate share of the fee based on its
relative net assets.
Investors Bank was organized in 1969 as a Massachusetts
chartered trust company and provides domestic and global
custody, multi-currency accounting, institutional transfer
agency, performance measurement, foreign exchange,
securities lending and mutual fund administration services
to a variety of financial asset managers, including mutual
fund complexes, investment advisers, banks and insurance
companies. Investors Bank is a wholly-owned subsidiary of
Investors Financial Services Corp., a publicly-held
corporation and holding company registered under the Bank
Holding Company Act of 1956. The business address of
Investors Bank is 200 Clarendon Street, Boston,
Massachusetts 02116.
3. The paragraph under the heading "Shareholder Inquiries" on page 23 of the
Prospectus is deleted and replaced with the following:
Inquiries concerning the Fund may be made by writing to
Harding, Loevner Funds, Inc., 200 Clarendon Street, Boston,
Massachusetts 02116 or by calling the Fund (toll-free) at
1-877-435-8105.
<PAGE>
HARDING, LOEVNER FUNDS, INC.
SUPPLEMENT DATED JULY 1, 1999
to the Statement of Additional Information
dated February 1, 1999
THE STATEMENT OF ADDITIONAL INFORMATION IS CHANGED AS FOLLOWS:
Effective June 10, 1999, all references in the Statement of Additional
Information to "Investors Capital Services, Inc." and "Investors Capital" as
"Administrator" are hereby deleted. Effective June 10, 1999, Investors Bank &
Trust Company succeeded Investors Capital Services, Inc. as Administrator of
the Fund.
Inquiries concerning the Fund (including requests for a Statement of Additional
Information) may be made by writing to Harding, Loevner Funds, Inc., 200
Clarendon Street, Boston, Massachusetts 02116 or by calling the Fund
(toll-free) at 1-877-435-8105.
Effective June 10, 1999, the first paragraph under the caption "Administrator"
on page 6 of the Statement of Additional Information is replaced with the
following:
Pursuant to its terms, the administration agreement (the
"Administration Agreement") between the Fund and Investors
Bank & Trust Company ("Investors Bank") as Administrator
requires Investors Bank to provide certain accounting,
clerical and bookkeeping services, Blue Sky, corporate
secretarial services and assistance in the preparation and
filing of tax returns and reports to shareholders and the
Securities and Exchange Commission. The Administration
Agreement will remain in effect until June 2002 and will
automatically continue unless terminated on notice. The
following chart sets forth administrative fees paid by each
Portfolio. Prior to June 10, 1999, Investors Capital
Services, Inc. served as Administrator to the Fund.
