PROFUNDS
SUPPLEMENT DATED OCTOBER 19, 1999
TO STATEMENT OF ADDITIONAL INFORMATION
DATED MAY 1, 1999
The following replaces the applicable sections relating to the Trustees and
Officers of the Portfolio in the Money Market ProFund's Statement of Additional
Information:
Trustees of the Portfolio
CHARLES P. BIGGAR (birth date: October 13, 1930) - Trustee of the Trust; Trustee
of each of the other investment companies in the BT Fund Complex1; Retired;
former Vice President, International Business Machines ("IBM") and President,
National Services and the Field Engineering Divisions of IBM. His address is 12
Hitching Post Lane, Chappaqua, New York 10514.
S. LELAND DILL (birth date: March 28, 1930) - Trustee of the Trust; Trustee of
each of the other investment companies in the BT Fund Complex; Retired;
Director, Coutts (U.S.A.) International; Trustee, Phoenix-Zweig Trust2 and
Phoenix-Euclid Market Neutral Fund1; former Partner, KPMG Peat Marwick;
Director, Vintners International Company Inc.; Director, Coutts Trust Holdings
Ltd., Director, Coutts Group; General Partner, Pemco1. His address is 5070 North
Ocean Drive, Singer Island, Florida 33404.
MARTIN J. GRUBER (birth date: July 15, 1937) - Trustee of the Trust; Trustee of
each of the other investment companies in the BT Fund Complex; Nomura Professor
of Finance, Leonard N. Stern School of Business, New York University (since
1964); Trustee, TIAA1; Trustee, SG Cowen Mutual Funds1; Trustee, Japan Equity
Fund1; Trustee, Taiwan Equity Fund1. His address is 229 South Irving Street,
Ridgewood, New Jersey 07450.
RICHARD HALE* (birth date: July 17, 1945) - Trustee of the Trust; Trustee of
each of the other investment companies in the BT Fund Complex; Managing
Director, Deutsche Asset Management; Director, Flag Investors Funds1; Managing
Director, Deutsche Banc Alex. Brown Incorporated; Director and President,
Investment Company Capital Corp. His address is 205 Woodbrook Lane, Baltimore,
Maryland 21212.
RICHARD J. HERRING (birth date: February 18, 1946) - Trustee of the Trust;
Trustee of each of the other investment companies in the BT Fund Complex; Jacob
Safra Professor of International Banking, Professor of Finance and Vice Dean,
The Wharton School, University of Pennsylvania (since 1972). His address is 325
South Roberts Road, Bryn Mawr, Pennsylvania 19010.
BRUCE E. LANGTON (birth date: May 10, 1931) - Trustee of the Trust; Trustee of
each of the other investment companies in the BT Fund Complex; Retired; Trustee,
Allmerica Financial Mutual Funds (1992 - present); Member, Pension and Thrift
Plans and Investment Committee, Unilever U.S. Corporation (1989 - present)3;
Director, TWA Pilots Directed Account Plan and 401(k) Plan (1988 - present)1.
His address is 99 Jordan Lane, Stamford, Connecticut 06903.
PHILIP SAUNDERS, JR. (birth date: October 11, 1935) - Trustee of the Trust;
Trustee of each of the other investment companies in the BT Fund Complex;
Principal, Philip Saunders Associates (Economic and Financial Analysts); former
Director, Financial Industry Consulting, Wolf & Company; President, John Hancock
Home Mortgage Corporation; Senior Vice President of Treasury and Financial
Services, John Hancock Mutual Life Insurance Company, Inc. His address is 445
Glen Road, Weston, Massachusetts 02193.
HARRY VAN BENSCHOTEN (birth date: February 18, 1928) - Trustee of the Trust;
Trustee of each of the other investment companies in the BT Fund Complex;
Retired; Director, Canada Life Insurance of New York. His address is 6581
Ridgewood Drive, Naples, Florida 34108.
* "Interested Person" within the meaning of Section 2(a)(19) of the Act. Mr.
Hale is a Managing Director of Deutsche Asset Management, the U.S. asset
management unit of Deutsche Bank and its affiliates.
The Board has an Audit Committee that meets with the Trust's independent
accountants to review the financial statements of the Trust, the adequacy of
internal controls, and the accounting procedures and policies of the Trust. Each
member of the Board, except Mr. Hale, also is a member of the Audit Committee.
Officers of the Portfolio
DANIEL O. HIRSCH (birth date: March 27, 1954) - Secretary of the Trust;
Director, Deutsche Banc Alex. Brown Incorporated and Investment Company Capital
Corp. since July 1998; Assistant General Counsel, Office of the General Counsel,
United States Securities and Exchange Commission from 1993 to 1998. His address
is One South Street, Baltimore, Maryland 21202.
JOHN A. KEFFER (birth date: July 14, 1942) - President and Chief Executive
Officer of the Trust; President, Forum Financial Group L.L.C. and its
affiliates; President ICC Distributors, Inc.4 His address is ICC Distributors,
Inc., Two Portland Square, Portland, Maine 04101.
CHARLES A. RIZZO (birth date: August 5, 1958) - Treasurer of the Trust; Vice
President and Department Head, Deutsche Asset Management since 1998; Senior
Manager, PricewaterhouseCoopers LLP from 1993 to 1998. His address is One South
Street, Baltimore, Maryland 21202.
No person who is an officer or director of Bankers Trust company is an officer
or Trustee of the Trust.
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1 The "BT Fund Complex" consists of BT Investment Funds, BT Institutional
Funds, BT Pyramid Mutual Funds, BT Advisor Funds, Cash Management Portfolio,
Intermediate Tax Free Portfolio, Tax Free Money Portfolio, NY Tax Free Money
Portfolio, Treasury Money Portfolio, International Equity Portfolio, Equity 500
Index Portfolio, Capital Appreciation Portfolio, Asset Management Portfolio, and
BT Investment Portfolios.
2 An investment company registered under the Investment Company Act of 1940, as
amended (the "Act").
3 A publicly held company with securities registered pursuant to Section 12 of
the Securities and Exchange Act of 1934, as amended.
4 Underwriter/distributor for the Trust. Mr. Keffer owns 100% of the shares of
ICC Distributors, Inc.
