FORUM FUNDS
Supplement Dated November 16, 2000
to Prospectus Dated October 1, 2000
On October 2, 2000, the Board of Trustees of Forum Funds approved the
reorganization of Investors High Grade Bond Fund (the "Fund") into a new
portfolio of the Stratevest Funds. Forum Funds will present the proposed
reorganization of the Fund to the Fund's shareholders for their approval at a
special shareholders' meeting that is planned for December 1, 2000.
If shareholders approve the reorganization, the Fund will reorganize into
Intermediate Bond Fund, a series of the Stratevest Funds that has substantially
similar investment objectives and investment policies and the shareholders of
the Fund will become shareholders of the Intermediate Bond Fund.
Forum Funds mailed proxy materials to you in early November if you were a
shareholder as of October 13, 2000. These materials describe the reorganization
in detail, including the differences in expense ratios of the two funds. If you
bought Fund shares after that date, you will not be entitled to vote those
shares on the Fund's reorganization, but you may request a copy of the proxy
materials.
The Fund's reorganization is expected to be a tax-free transaction. You will not
be charged any sales charges in connection with the reorganization.
If you have any questions, or if you want to request a copy of the proxy
materials, you should call 1-800-943-6786 or (207) 879-0001.
<PAGE>
FORUM FUNDS
Supplement Dated November 16, 2000
to Prospectus Dated October 1, 2000
On October 2, 2000, the Board of Trustees of Forum Funds approved the
reorganization of Investors Equity Fund (the "Fund") into a new portfolio of the
Stratevest Funds. Forum Funds will present the proposed reorganization of the
Fund to the Fund's shareholders for their approval at a special shareholders'
meeting that is planned for December 1, 2000.
If shareholders approve the reorganization, the Fund will reorganize into Large
Cap Core Fund, a series of the Stratevest Funds that has substantially similar
investment objectives and investment policies and the shareholders of the Fund
will become shareholders of the Large Cap Core Fund.
You may not purchase shares of Large Cap Core Fund until after the
reorganization occurs.
Forum Funds mailed proxy materials to you in early November if you were a
shareholder as of October 13, 2000. These materials describe the reorganization
in detail, including the differences in expense ratios of the two funds. If you
bought Fund shares after that date, you will not be entitled to vote those
shares on the Fund's reorganization, but you may request a copy of the proxy
materials.
The Fund's reorganization is expected to be a tax-free transaction. You will not
be charged any sales charges in connection with the reorganization.
If you have any questions, or if you want to request a copy of the proxy
materials, you should call 1-800-943-6786 or (207) 879-0001.
<PAGE>
FORUM FUNDS
Supplement Dated November 16, 2000
to Prospectus Dated October 1, 2000
On October 2, 2000, the Board of Trustees of Forum Funds approved the
reorganization of Investors Growth Fund (the "Fund") into a new portfolio of the
Stratevest Funds. Forum Funds will present the proposed reorganization of the
Fund to the Fund's shareholders for their approval at a special shareholders'
meeting that is planned for December 1, 2000.
If shareholders approve the reorganization, the Fund will reorganize into Large
Cap Core Fund, a series of the Stratevest Funds that has substantially similar
investment objectives and investment policies and the shareholders of the Fund
will become shareholders of the Large Cap Core Fund.
You may not purchase shares of Large Cap Core Fund until after the
reorganization occurs.
Forum Funds mailed proxy materials to you in early November if you were a
shareholder as of October 13, 2000. These materials describe the reorganization
in detail, including the differences in expense ratios of the two funds. If you
bought Fund shares after that date, you will not be entitled to vote those
shares on the Fund's reorganization, but you may request a copy of the proxy
materials.
The Fund's reorganization is expected to be a tax-free transaction. You will not
be charged any sales charges in connection with the reorganization.
If you have any questions, or if you want to request a copy of the proxy
materials, you should call 1-800-943-6786 or (207) 879-0001.
