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ProFunds
Prospectus Supplement dated June 26, 2000 to Prospectus dated May 1, 2000
This supplement is provided to update, and should be read in conjunction with,
the information provided in the Prospectus:
Effective June 26, 2000, the close of regular trading on the Frankfurt Stock
Exchange, one of the three exchanges tracked by the ProFunds Europe Index
("PEI"), has been extended to 2:00 p.m., Eastern time. Accordingly, the
UltraEurope ProFund, which calculates daily share prices on the basis of the net
asset value of each class of shares at the latest close of trading on the three
exchanges tracked by the PEI, now normally calculates daily share prices at 2:00
p.m., Eastern time. In addition, effective June 26, 2000, ProFunds does not
accept wires, telephone exchange orders or telephone redemption orders involving
the UltraEurope ProFund between 11:00 a.m. and 2:00 p.m., Eastern time. Except
with respect to telephone redemption orders, if the primary exchange or market
on which the UltraEurope ProFund transacts business closes early, the above cut-
off time will be 25 minutes prior to the close of such exchange or market.
The disclosure on page 33 of the above noted prospectus is hereby amended to
reflect that:
The London Stock Exchange, Frankfurt Stock Exchange or Paris Bourse closes for
the following holidays in 2000: Bastille Day (July 14), Summer Bank Holiday
(August 28), Christmas Day, and Boxing Day (observed December 26). Holidays
scheduled for 2001 include: New Year's Day (January 1), Good Friday (April 13)
and Easter Monday (April 16). Please note that holiday schedules are subject to
change without notice.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT
WITH THE PROSPECTUS FOR FUTURE REFERENCE.
