PLEASE KEEP THIS SUPPLEMENT WITH YOUR PROSPECTUS
PURISIMA FUNDS
SUPPLEMENT DATED MARCH 26, 1999 TO PROSPECTUS DATED SEPTEMBER 29, 1998
The disclosure under the strategy section on page 1 and under "Investment
Objective and Polices" on pages 5 and 6 for THE PURISIMA PURE AMERICAN FUND and
THE PURISIMA PURE FOREIGN FUND in the Fund's prospectus dated September 29, 1998
is supplemented by the following.
THE PURE AMERICAN FUND
This Fund seeks to provide investors with a high level of total return. The Fund
may emphasize investments in common stocks and other equity-type securities, or
securities acquired primarily to produce income, or a combination of both,
depending on the assessment of market conditions by the Fund's investment
adviser. The Fund will concentrate its portfolio holdings to those securities
issued by issuers domiciled in the United States.
THE PURE FOREIGN FUND
This Fund seeks to provide investors with a high level of total return. The Fund
may emphasize investments in common stocks and other equity-type securities, or
securities acquired primarily to produce income, or a combination of both,
depending on the assessment of market conditions by the Fund's investment
adviser. The Fund will concentrate its portfolio holdings to those securities
issued by issuers domiciled outside of the United States.
