THE WORLD FUNDS, INC. (the "Company")
1500 FOREST AVENUE, SUITE 223
RICHMOND, VIRGINIA 23229
(800) 527-9525
SAND HILL PORTFOLIO MANAGER FUND
SUPPLEMENT DATED JULY 1, 2000
TO THE STATEMENT OF ADDITIONAL INFORMATION DATED JANUARY 1, 2000
This Supplement updates certain information contained in the Statement of
Additional Information (the "SAI") dated January 1, 2000 regarding the Sand Hill
Portfolio Manager Fund series (the "Fund") of the Company.
The following information replaces the Section entitled "Custodian and
Accounting Services" on Page 15:
Custodian and Accounting Services
Pursuant to a Custodian Agreement with the Company dated October 28, 1998, as
amended June 1, 2000, Brown Brothers Harriman & Co. ("BBH"), 40 Water Street,
Boston, Massachusetts 02109, acts as the custodian of the Fund's securities and
cash. With the consent of the Company, BBH has designated The Depository Trust
Company of New York as its agent to secure a portion of the assets of the Fund.
BBH is authorized to appoint other entities to act as sub-custodians to provide
for the custody of foreign securities which may be acquired and held by the Fund
outside the U.S. Such appointments are subject to appropriate review by the
Company's Board of Directors.
Pursuant to an Accounting Service Agreement dated July 1, 2000 (the "Accounting
Agreement"), Commonwealth Fund Accounting, Inc. ("CFA"), 1500 Forest Avenue,
Suite 100, Richmond, Virginia 23229, is responsible for accounting relating to
the Fund and its investment transactions; maintaining certain books and records
of the Fund; determining daily the net asset value per share of the Fund; and
preparing security position, transaction and cash position reports. CFA also
monitors periodic distributions of gains or losses on portfolio sales and
maintains a daily listing of portfolio holdings. CFA is responsible for
providing expenses accrued and payment reporting services, tax-related financial
information to the Company, and for monitoring compliance with the regulatory
requirements relating to maintaining accounting records.
Prior to July 1, 2000, Star Bank, 425 Walnut Street, P.O. Box 1118, Cincinnati,
Ohio 45201-1118, was the Fund's Custodian and Accounting Services Agent.
<PAGE>
THE WORLD FUNDS, INC. (the "Company")
1500 FOREST AVENUE, SUITE 223
RICHMOND, VIRGINIA 23229
(800) 527-9525
CSI EQUITY FUND
CSI FIXED INCOME FUND
SUPPLEMENT DATED JULY 1, 2000
TO THE STATEMENT OF ADDITIONAL INFORMATION DATED JANUARY 1, 2000
This Supplement updates certain information contained in the Statement of
Additional Information (the "SAI") dated January 1, 2000 regarding the CSI
Equity Fund and CSI Fixed Income Fund series (each a "Fund"; collectively, the
"Funds") of the Company.
The following information replaces the Section entitled "Custodian and
Accounting Services" on Page 9:
Custodian and Accounting Services
Pursuant to a Custodian Agreement with the Company dated October 28, 1998, as
amended June 1, 2000, Brown Brothers Harriman & Co. ("BBH"), 40 Water Street,
Boston, Massachusetts 02109, acts as the custodian of the Fund's securities and
cash. With the consent of the Company, BBH has designated The Depository Trust
Company of New York as its agent to secure a portion of the assets of the Fund.
BBH is authorized to appoint other entities to act as sub-custodians to provide
for the custody of foreign securities which may be acquired and held by the Fund
outside the U.S. Such appointments are subject to appropriate review by the
Company's Board of Directors.
Pursuant to an Accounting Service Agreement dated July 1, 2000 (the "Accounting
Agreement"), Commonwealth Fund Accounting, Inc. ("CFA"), 1500 Forest Avenue,
Suite 100, Richmond, Virginia 23229, is responsible for accounting relating to
the Fund and its investment transactions; maintaining certain books and records
of the Fund; determining daily the net asset value per share of the Fund; and
preparing security position, transaction and cash position reports. CFA also
monitors periodic distributions of gains or losses on portfolio sales and
maintains a daily listing of portfolio holdings. CFA is responsible for
providing expenses accrued and payment reporting services, tax-related financial
information to the Company, and for monitoring compliance with the regulatory
requirements relating to maintaining accounting records.
Prior to July 1, 2000, Star Bank, 425 Walnut Street, P.O. Box 1118, Cincinnati,
Ohio 45201-1118, was the Fund's Custodian and Accounting Services Agent.
<PAGE>
THE WORLD FUNDS, INC. (the "Company")
1500 FOREST AVENUE, SUITE 223
RICHMOND, VIRGINIA 23229
(800) 527-9525
THE NEW MARKET FUND
SUPPLEMENT DATED JULY 1, 2000
TO THE STATEMENT OF ADDITIONAL INFORMATION DATED DECEMBER 29, 1999
This Supplement updates certain information contained in the Statement of
Additional Information (the "SAI") dated December 29, 1999 regarding The New
Market Fund series (the "Fund") of the Company.
The following information replaces the Section entitled "Custodian and
Accounting Services" on Page 13:
Custodian and Accounting Services
Pursuant to a Custodian Agreement with the Company dated October 28, 1998, as
amended June 1, 2000, Brown Brothers Harriman & Co. ("BBH"), 40 Water Street,
Boston, Massachusetts 02109, acts as the custodian of the Fund's securities and
cash. With the consent of the Company, BBH has designated The Depository Trust
Company of New York as its agent to secure a portion of the assets of the Fund.
BBH is authorized to appoint other entities to act as sub-custodians to provide
for the custody of foreign securities which may be acquired and held by the Fund
outside the U.S. Such appointments are subject to appropriate review by the
Company's Board of Directors.
Pursuant to an Accounting Service Agreement dated July 1, 2000 (the "Accounting
Agreement"), Commonwealth Fund Accounting, Inc. ("CFA"), 1500 Forest Avenue,
Suite 100, Richmond, Virginia 23229, is responsible for accounting relating to
the Fund and its investment transactions; maintaining certain books and records
of the Fund; determining daily the net asset value per share of the Fund; and
preparing security position, transaction and cash position reports. CFA also
monitors periodic distributions of gains or losses on portfolio sales and
maintains a daily listing of portfolio holdings. CFA is responsible for
providing expenses accrued and payment reporting services, tax-related financial
information to the Company, and for monitoring compliance with the regulatory
requirements relating to maintaining accounting records.
Prior to July 1, 2000, Star Bank, 425 Walnut Street, P.O. Box 1118, Cincinnati,
Ohio 45201-1118, was the Fund's Custodian and Accounting Services Agent.
