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CIGNA FUNDS GROUP
Supplement To Charter Funds/SM/
Prospectus dated May 1, 2000
1. The last paragraph in the "Sub-Advisers" section is deleted and replaced with
the following paragraph. The Sub-Advisers section begins on page 34 of the
prospectus.
The funds received an exemptive order from the Securities and Exchange
Commission that permits the funds, without prior approval from
shareholders, to change the terms of an advisory agreement with a
sub-adviser or hire a new sub-adviser, either as a replacement for an
existing sub-adviser or as an additional sub-adviser. Any significant
change in a fund's advisory arrangements will be communicated to
shareholders in writing. In addition, as the funds' overall investment
adviser, TimesSquare Capital Management may provide investment
advisory services to each fund at any time.
2. TimesSquare Capital Management is now responsible for providing investment
advisory services to the Charter Small Company Stock Growth Fund. TimesSquare
Capital Management has terminated the sub-advisory agreement with Fiduciary
International, Inc. All references in the prospectus to Fiduciary
International, Inc. are deleted. The fund's investment objective and
strategies remain the same. Grant R. Babyak and Yvette Bockstein continue to
serve as the portfolio managers for the Charter Small Company Stock Growth
Fund. Mr. Babyak and Ms. Bockstein have joined TimesSquare Capital Management
as Managing Directors.
