FORUM FUNDS
Supplement Dated December 20, 2000
to Prospectus Dated August 1, 2000
At a special meeting of shareholders dated December 1, 2000, shareholders of
Investors High Grade Bond Fund (the "Fund"), a series of Forum Funds, approved
the Fund's reorganization into Intermediate Bond Fund, a series of the
Stratevest Funds. The Fund and Intermediate Bond Fund have substantially similar
investment objectives and investment policies. The Board of Trustees of Forum
Funds approved the reorganization of the Fund on October 2, 2000.
The reorganization is scheduled to occur on January 8, 2001. On that date,
shareholders of the Fund will become shareholders of Intermediate Bond Fund. If
you do not want to become a shareholder of Intermediate Bond Fund on January 8,
2001, you should submit a redemption request to the Fund's transfer agent on or
before 4:00 p.m., Eastern time on January 5, 2001.
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 December 20, 2000
to Prospectus Dated October 1, 2000
At a special meeting of shareholders dated December 1, 2000, shareholders of
Investors Equity Fund (the "Fund"), a series of Forum Funds, approved the Fund's
reorganization into Large Cap Core Fund, a series of the Stratevest Funds. The
Fund and Large Cap Core Fund have substantially similar investment objectives
and investment policies. The Board of Trustees of Forum Funds approved the
reorganization of the Fund on October 2, 2000.
The reorganization is scheduled to occur on January 8, 2001. On that date,
shareholders of the Fund will become shareholders of Large Cap Core Fund. If you
do not want to become a shareholder of Large Cap Core Fund on January 8, 2001,
you should submit a redemption request to the Fund's transfer agent on or before
4:00 p.m., Eastern time on January 5, 2001.
You may not purchase shares of Large Cap Core Fund until after the
reorganization occurs.
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 December 20, 2000
to Prospectus Dated August 1, 2000
At a special meeting of shareholders dated December 1, 2000, shareholders of
Investors Growth Fund (the "Fund"), a series of Forum Funds, approved the Fund's
reorganization into Large Cap Core Fund, a series of the Stratevest Funds. The
Fund and Large Cap Core Fund have substantially similar investment objectives
and investment policies. The Board of Trustees of Forum Funds approved the
reorganization of the Fund on October 2, 2000.
The reorganization is scheduled to occur on January 8, 2001. On that date,
shareholders of the Fund will become shareholders of Large Cap Core Fund. If you
do not want to become a shareholder of Large Cap Core Fund on January 8, 2001,
you should submit a redemption request to the Fund's transfer agent on or before
4:00 p.m., Eastern time on January 5, 2001.
You may not purchase shares of Large Cap Core Fund until after the
reorganization occurs.
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.
