SAMCO FUNDS, INC.
SUPPLEMENT DATED MAY 15, 2000
TO THE PROSPECTUS DATED MARCH 1, 2000
The Prospectus is supplemented by adding the following to the Section entitled
"Purchase of Shares."
In-Kind Purchases
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You may buy shares of each Portfolio "in-kind" through a transfer of
securities to the Portfolio as payment for the shares, if the purchase is
approved in advance by the Investment Adviser. Securities used to purchase
Portfolio shares must be determined by the Investment Adviser to be appropriate
investments for that Portfolio, to be consistent with that Portfolio's
investment objective and policies, and to have readily available market
quotations. The securities will be valued in accordance with the Fund's policy
for calculating net asset value, determined as of the close of business the day
on which the securities are received by the Fund. The minimum investment amount
for in-kind purchases of Portfolio shares is $1,000,000, or such other amount as
may be appropriate in light of applicable regulations. The minimum investment
may be waived at any time at the discretion of the Investment Adviser. Whether a
Portfolio will accept particular securities as payment will be decided in the
sole discretion of the Investment Adviser. If you are considering buying shares
in this manner, please call 201-391-0300.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.
