<PAGE>
[LOGO] GE Institutional Funds
------------------------------------------------------
Supplement Dated December 19, 2000
To Prospectus and Statement of Additional Information
Dated April 28, 2000
Effective immediately, defined contribution plans that receive recordkeeping and
administrative services from State Street Bank and Trust Company through its
alliance relationship with GE Retirement Services are not eligible to invest in
the GE Institutional Funds. Accordingly, the section entitled "Eligibility
Requirements-Full-Service Defined Contribution Plan Investors" appearing on page
69 and 70 of the Prospectus and pages 55, 56 and 57 of the Statement of
Additional Information have been amended and restated as follows:
Eligibility Requirements
Full-Service Defined Contribution Plan Investors: Full-service defined
contribution plans are not eligible to invest in the GE Institutional Funds. A
full-service defined contribution plan is a defined contribution plan that
receives recordkeeping and administration services from State Street Bank and
Trust Company (SSB) through SSB's alliance relationship with GE Retirement
Services (GERS).
The following amends and restates the second paragraph within the section
entitled "Eligibility Requirements-Investment Only Defined Contribution Plan
Investors" on page 67 of the Prospectus and page 54 of the Statement of
Additional Information as follows:
An Investment Only Defined Contribution Plan is a defined contribution plan that
does not receive recordkeeping and administration services from SSB through
SSB's alliance relationship with GERS.