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THE SENTINEL FUNDS
Supplement dated July 19, 2000 to Prospectus dated March 30, 2000
The financial highlights for the Class A shares of the Balanced Fund
were inadvertently omitted from the Financial Highlights section of the
Prospectus, on pages 48-49. This information is set forth below.
<TABLE>
<CAPTION>
Net gains or
Losses on
Fiscal Net asset Net Securities Dividends
year value, investment (both Realized Total From (from net Distributions
(period beginning income and Investment investment (from capital Total
Fund ended) of period (loss) Unrealized) Operations income) gains) Distributions
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Balanced 11/30/95 14.08 0.58 2.78 3.36 0.59 0.01 0.60
A 11/30/96 16.84 0.54 2.13 2.67 0.54 0.42 0.96
11/30/97 18.55 0.56 2.18 2.74 0.55 0.45 1.00
11/30/98 20.29 0.54 1.76 2.30 0.55 1.16 1.71
11/30/99 20.88 0.55 (0.03) 0.52 0.54 1.48 2.02
Ratio of Ratio of
Expenses to Ratio Net Investment
Fiscal Net asset Net assets Ratio of Average net of Net Income to Avg.
year value, Total at end of Expenses to Assets before Income to net assets before Portfolio
(period end of return* period average net Expense Avg. net voluntary expense -turnover
ended) period (%) (000 omitted) assets (%) Reduction**(%) assets (%) reimbursements Rate (%)
11/30/95 16.84 24.4 $ 267,103 1.27 1.29 3.77 -- 110
11/30/96 18.55 16.6 297,288 1.20 1.22 3.13 -- 83
11/30/97 20.29 15.4 314,948 1.16 1.17 2.93 -- 63
11/30/98 20.88 12.2 330,067 1.12 1.13 2.69 -- 81
11/30/99 19.38 2.6 297,027 1.10 1.12 2.73 -- 110
</TABLE>
* Total return is calculated assuming an initial investment made at the net
asset value at the beginning of the period, reinvestment of all distributions
at the net asset value during the period, and a redemption on the last day of
the period. Initial sales charge is not reflected in the calculation of total
return.
** Expense reductions are comprised of the voluntary expense reimbursements
and include the earnings credits that are received from the custodian and
dividend paying agent on cash balances.
David Alger is now the portfolio manager of the Flex Cap Opportunity Fund.
David Hyun is no longer with Alger. David Brownlee is now the portfolio
manager of the Bond Fund. With respect to the Balanced Fund, Van Harissis is
the leader of the equity team, and Mr. Brownlee is the leader of the bond team.
Mr. Buck is no longer directly active in the day to day operations of the
Balanced Fund. Also, the sole portfolio manager of the Money Market Fund is now
Darlene Coppola. Ms. Coppola, Money Market Trader of Sentinel Advisors, has
been employed by Sentinel Advisors or its affiliates since 1974.
Lastly, the list of persons eligible to purchase Class A shares of the
Funds at net asset value, on page 34 of the Prospectus, has been expanded to
include all employees of securities dealers that have entered into a sales
agreement with Sentinel Financial, rather than only registered representatives
of such dealers.
