<PAGE>
[LOGO] GE LifeStyle Funds
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SUPPLEMENT DATED DECEMBER 19, 2000
TO PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION
DATED JANUARY 28, 2000
At a meeting held on December 15, 2000, the Board of Trustees of GE LifeStyle
Funds (the "Funds") voted to terminate the Interim Investment Consulting
Agreement with DiMeo Schneider & Associates, L.L.C. ("DSA"). On or about January
29, 2001, DSA will no longer provide asset allocation services to the Funds. On
that date, GE Asset Management Incorporated, the Funds' investment adviser, will
assume DSA's responsibilities. Accordingly, all references to DSA within the
Prospectus and Statement of Additional Information will be deleted.
There is no change to the investment objective and principal investment
strategies of the Strategy Funds as stated in the Prospectus and Statement of
Additional Information.
<PAGE>
[LOGO] GE LifeStyle Funds
---------------------------------------------------------------
SUPPLEMENT DATED DECEMBER 19, 2000
TO PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION
DATED JANUARY 28, 2000
At a meeting held on December 15, 2000, the Board of Trustees of GE Lifestyle
Funds (the "Funds") voted to terminate the Interim Investment Consulting
Agreement with DiMeo Schneider & Associates, L.L.C. ("DSA"). On or about January
29, 2001, DSA will no longer provide asset allocation services to the Funds. On
that date, GE Asset Management Incorporated, the Funds' investment adviser, will
assume DSA's responsibilities. Accordingly, all references to DSA within the
Prospectus and Statement of Additional Information will be deleted.
There is no change to the investment objective and principal investment
strategies of the Allocation Funds as stated in the Prospectus and Statement of
Additional Information.
