Forward Funds, Inc.
The Garzarelli U.S. Equity Fund
The Hansberger International Growth Fund
The Uniplan Real Estate Investment Fund
The Hoover Small Cap Equity Fund
Supplement dated August 28, 2000
(to the Statement of Additional Information dated May 1, 2000)
The following biographies are added to page 3 of the Statement of
Additional Information under the caption Management of the Funds: Board of
Directors
An asterisk (*) has been placed next to the name of each Director who
is an "interested person" as that term is defined in the Investment Company Act
of 1940, as amended.
Dewitt F. Bowman*.................... Principal, Pension Investment
Age: 69 Consulting, February 1994 - present;
Director Chief Investment Officer, California
Public Employees Retirement System,
February 1989 - January 1994; He serves
as a director of PREEF America REIT,
Inc., the Wilshire Target Funds Inc. and
director and chairman of the Dresdner
RCM Global Funds, Inc.; and as a trustee
of Brendes Institutional International
Investment Trust, the Pacific Gas and
Electric Nuclear Decommissioning Trust,
and the PCG Private Equity Fund.
Donald E. O'Connor................... Vice President of Operations, Investment
Age: 63 Company Institute ("ICI") (1975-1993);
Director Chief Operating Officer, ICI Mutual
Insurance Company (1987-1997); Branch
Chief of Market Surveillance, Securities
and Exchange Commission (1964-1968). He
currently serves as a Trustee of the
Advisors Series Trust, another mutual
fund. Mr. O'Connor is also a Trustee of
The Parnassus Income Trust and the
Parnassus Fund.
