BEARGUARD FUNDS, INC.
Supplement to Prospectus Dated October 28, 1999
On December 28, 2000, the Board of Directors of
the Bearguard Funds, Inc. (the "Corporation")
unanimously consented, subject to approval by the
shareholders, to liquidate and dissolve the Corporation
and its sole series, the Bearguard Fund (the "Fund").
It is anticipated that, as early in 2001 as is
practicable, a proxy statement and proxy will be mailed
to shareholders of the Fund seeking their vote in
connection with the liquidation and dissolution of the
Fund.
As a result of the decision to pursue liquidation
and dissolution of the Fund, effective January 5, 2001,
investors are no longer permitted to purchase shares of
the Fund, subject to the following limited exception.
Until the proxy statement and proxy are mailed to
shareholders existing shareholders will be permitted to
continue to reinvest dividends and distributions in
additional shares of the Fund.
Please retain this Supplement with the Prospectus.
The date of this Prospectus Supplement is January 4, 2001.
