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FRIENDS IVORY FUNDS
SUPPLEMENT DATED MARCH 20, 2000, TO THE
STATEMENT OF ADDITIONAL INFORMATION
DATED DECEMBER 28, 1999
THIS SUPPLEMENT PROVIDES NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN
THE STATEMENT OF ADDITIONAL INFORMATION AND SHOULD BE READ IN CONJUNCTION WITH
THE STATEMENT OF ADDITIONAL INFORMATION.
________________________________________________________________________
THE SUB-SECTION ENTITLED, "OFFICERS," UNDER THE SECTION ENTITLED, "TRUSTEES AND
OFFICERS OF THE TRUST," BEGINNING ON PAGE S-14, IS AMENDED AS FOLLOWS:
The sixth and seventh paragraphs are deleted and the following information is
added:
JAMES R. FOGGO (DOB 06/30/64) - Vice President and Assistant Secretary - Vice
President and Assistant Secretary of SEI Investments since 1998 and Vice
President and Assistant Secretary of the Administrator and Distributor since
1999. Associate, Paul Weiss, Rifkind, Wharton & Garrison (law firm), 1998.
Associate, Baker & McKenzie (law firm), 1995-1998. Associate, Battle Fowler,
L.L.P. (law firm), 1993-1995. Operations Manager, The Shareholder Services
Group, Inc., 1986-1990.
TIMOTHY D. BARTO--(DOB 3/28/68) - Vice President and Assistant Secretary - Vice
President and Assistant Secretary of the Administrator and Distributor since
November 1999. Associate at Dechert Price & Rhoads (1997-1999). Associate at
Richter, Miller & Finn (1994-1997).
The Statement of Information is hereby amended to reflect the addition of this
information.
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PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
FIS-F-006-01
