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Rule 497(e)
File Nos. 333-16093 and 811-0792
CNI CHARTER FUNDS
CNI CHARTER MONEY MARKET FUND
(formerly the "Berkeley Money Market Fund")
SUPPLEMENT DATED APRIL 22, 1999
TO
PROSPECTUS DATED FEBRUARY 28, 1999
During a shareholders' meeting held on March 31, 1999, the shareholders of
the CNI Charter Money Market Fund (formerly the "Berkeley Money Market Fund")
approved a new investment management agreement with City National Bank. At that
meeting, the shareholders also elected Mr. Irwin G. Barnet, Ms. Maria D. Hummer,
Mr. Victor Meschures and Mr. James R. Wolford as new trustees to the CNI Charter
Funds (formerly the "Berkeley Funds") and approved the appointment of KPMG LLP
to serve as new independent auditors to the CNI Charter Funds.
During the April 8, 1999, meeting of the Board of Trustees, the Trustees
approved changing the name of the Berkeley Funds to the CNI Charter Funds and a
corresponding name change of the Berkeley Money Market Fund to the CNI Charter
Money Market Fund. The Trustees also accepted the resignation of Ms. Cindee
Beechwood, Mr. Bryan W. Brown and Mr. Barnett Teich as Trustees of the Trust.
Furthermore, the Trustees also approved the appointment of various new service
providers to the Trust. Specifically, SEI Investments Mutual Funds Services
will serve as the administrator of the Trust, SEI Investments Distribution
Company will serve as the distributor of shares of the Trust, SEI Investments
Fund Management will serve as the transfer agent of the Trust and First Union
National Bank will serve as the custodian for the Trust.
