The Community Reinvestment Act Qualified Investment Fund
Supplement dated August 17, 2000 to Prospectus dated June 8, 1999,
as revised December 10, 1999
Effective immediately, the 1.00% redemption fee, which is applicable upon
all share redemptions, is eliminated with respect to all existing and future
shareholders of the Fund.
In connection with this change, the following Prospectus revisions are
made:
In the Fee and Expenses table on page 2, the line item for Redemption Fee
will now read as follows:
Redemption Fee (as a percentage of amount redeemed)..............None
The information at the bottom of page 2 and from the top of page 3 to
"Investment Objective and Policies" is restated as follows
One Year Three Years
-------- -----------
$94 $282
Actual annual returns may be greater or less than the annual 5% return
assumed in the Example.
The third sentence under "Purchasing Shares" on page 7 is revised to read as
follows:
The Fund imposes no deferred sales charge.
The fifth sentence under "Purchasing Shares" on page 7 is deleted.
The first paragraph under "Redeeming Shares" on page 9 is restated as follows:
You may redeem your shares in the Fund at any time for any reason. Upon
receipt by the Fund of a redemption request and any other required documents in
proper form, your shares of the Fund will be redeemed at their next determined
NAV.
<PAGE>
The Community Reinvestment Act Qualified Investment Fund
Supplement dated August 17, 2000 to
Statement of Additional Information dated June 8, 1999,
as revised December 10, 1999
The first sentence in the second paragraph on page 12 is revised as follows:
The Fund imposes no sales charges.
The second sentence in the second paragraph on page 12 is deleted.
