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TAX-FREE INVESTMENTS CO.
CASH RESERVE PORTFOLIO
(CASH MANAGEMENT CLASS)
(INSTITUTIONAL CLASS)
(PERSONAL INVESTMENT CLASS)
(PRIVATE INVESTMENT CLASS)
(RESERVE CLASS)
(RESOURCE CLASS)
Supplement dated December 14, 2000
to the Statement of Additional Information dated July 28, 2000
Effective September 30, 2000, Charles T. Bauer retired from his positions as an
officer and director of the Company and Robert H. Graham succeeded Mr. Bauer as
Chairman of the Board.
The following information is added to the table appearing under the heading
"MANAGEMENT - DIRECTORS AND OFFICERS" on page 17 of the Statement of Additional
Information:
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POSITIONS
HELD WITH PRINCIPAL OCCUPATION DURING AT
"NAME, ADDRESS AND AGE REGISTRANT LEAST THE PAST 5 YEARS
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ALBERT R. DOWDEN (59) Director Chairman of the Board of Directors, The
1815 Central Park Drive Cortland Trust (investment company) and
P.O. Box 774000-PMB #222 DHJ Media, Inc.; and Director, Magellan
Steamboat Springs, CO 80477 Insurance Company. Formerly, Director,
President and Chief Executive Officer,
Volvo Group North America, Inc.; Senior
Vice President, AB Volvo; and Director,
The Hertz Corporation, Genmar Corporation
(boat manufacturer), National Media
Corporation and Annuity and Life Re
(Holdings), Ltd."
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