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RYDEX DYNAMIC FUNDS
SUPPLEMENT DATED OCTOBER 10, 2000
TO THE RYDEX DYNAMIC FUNDS PROSPECTUS AND
STATEMENT OF ADDITIONAL INFORMATION
DATED MARCH 1, 2000
This supplement provides new and additional information beyond that contained in
the Prospectus and Statement of Additional Information ("SAI") and should be
read in conjunction with the Prospectus and SAI.
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THE FOLLOWING PARAGRAPH SUPPLEMENTS AND, TO THE EXTENT IT MAY CONTRADICT
DISCLOSURE IN THE PROSPECTUS, SUPERCEDES THE INFORMATION FOUND ON PAGES 19 AND
20 OF THE PROSPECTUS:
DIRECT INVESTMENT IN THE DYNAMIC FUNDS
In most cases, Investors may only invest in a Dynamic Fund through an exchange
transaction, as described in the Prospectus. Nonetheless, you may be able to
purchase shares of the Dynamic Funds through your financial intermediary,
without first purchasing shares of the Money Market Fund. Please contact your
financial intermediary directly for more information and to determine if this
option is available to you.
ON NOVEMBER 30, 2000 THE ADVISOR WILL BE MOVING TO A NEW LOCATION. AFTER
NOVEMBER 30, 2000 ALL REFERENCES TO THE ADDRESS AND PHONE AND FAX NUMBERS OF
RYDEX DYNAMIC FUNDS, ITS OFFICERS AND TRUSTEES, AND THE ADVISOR SHOULD BE
REPLACED WITH THE FOLLOWING INFORMATION:
ADDRESS - 9601 Blackwell Road
Suite 500
Rockville, MD 20850
PHONE - (301) 296-5100
1-800-820-0888
FAX - (301) 296-5103
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PLEASE RETAIN THIS SUPPLEMENT
FOR FUTURE REFERENCE
