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CIGNA FUNDS GROUP
SUPPLEMENT DATED JULY 28, 2000
TO THE STATEMENT OF ADDITIONAL INFORMATION DATED MAY 1, 2000
The following language is added to the end of the third complete paragraph on
page 18:
The Fixed Income Fund may enter into interest rate futures contracts for the
purpose of hedging debt securities in its portfolio or the value of debt
securities which the Fund intends to purchase, and for non-hedging purposes as a
means of implementing Fund strategy. For example, the Fund may invest in
interest rate futures contracts as substitutes for investments in securities or
to achieve desired portfolio characteristics.
The second complete paragraph on page 21 is deleted and replaced with the
following:
FOREIGN CURRENCY TRANSACTIONS A Fund holding securities denominated in currency
other than U.S. dollars may engage in currency exchange transactions to protect
against uncertainty in the level of future exchange rates. In addition, the
Fixed Income Fund may engage in currency exchange transactions for non-hedging
purposes as a means of implementing Fund strategy. For example, the Fund may
engage in currency exchange transactions such as forward currency contracts as
substitutes for investments in securities denominated in foreign currency. The
risks described below apply to the use of foreign currency transactions for
hedging as well as for non-hedging purposes.
