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LifePoints Prospectus
Frank Russell Investment Company
Supplement Dated September 22, 1999
To the Prospectus Dated May 1, 1999
As Supplemented through July 15, 1999
Effective immediately, Frank Russell Investment Company makes the following
change to its LifePoints Funds Prospectus:
Under the Prospectus section entitled "Money Manager Information," the money
managers for Diversified Equity Fund are revised as follows:
DIVERSIFIED EQUITY FUND
Alliance Capital Management L.P., US Bank Place, 601 2nd Ave. South, Suite
5000, Minneapolis, MN 55402-4322.
Barclays Global Fund Advisors N.A., 45 Fremont Street, San Francisco, CA
94105.
Equinox Capital Management, Inc., 590 Madison Avenue, 41st Floor, New York,
NY 10022.
Jacobs Levy Equity Management, Inc., 280 Corporate Center, 3 ADP Boulevard,
Roseland, NJ 07068.
Lincoln Capital Management Company, 200 South Wacker Drive, Suite 2100,
Chicago, IL 60606.
Marsico Capital Management, LLC, 1200 17th Street, Suite 1200, Denver, CO
80202.
Peachtree Asset Management, One Peachtree Center, Suite 4500, 303 Peachtree
Street N.E., Atlanta, GA 30308.
Sanford C. Bernstein & Co., Inc., 767 Fifth Avenue, 21st Floor, New York,
NY 10153.
Suffolk Capital Management, Inc., 1633 Broadway, 40th Floor, New York, NY
10107.
Trinity Investment Management Corporation, 75 Park Plaza, Boston, MA 02116.
Westpeak Investment Advisors, L.P., 1011 Walnut Street, Suite 400 Boulder,
Co 80302.
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Russell Funds
Frank Russell Investment Company
Supplement Dated September 22, 1999
To the Prospectus Dated May 1, 1999
As Supplemented through July 15, 1999
Effective immediately, Frank Russell Investment Company makes the following
change to its Russell Funds Prospectus.
Under the Prospectus section entitled "Money Manager Information," the money
managers for Diversified Equity Fund are revised as follows:
DIVERSIFIED EQUITY FUND
Alliance Capital Management L.P., US Bank Place, 601 2nd Ave. South, Suite
5000, Minneapolis, MN 55402-4322.
Barclays Global Fund Advisors N.A., 45 Fremont Street, San Francisco, CA
94105.
Equinox Capital Management, Inc., 590 Madison Avenue, 41st Floor, New York,
NY 10022.
Jacobs Levy Equity Management, Inc., 280 Corporate Center, 3 ADP Boulevard,
Roseland, NJ 07068
Lincoln Capital Management Company, 200 South Wacker Drive, Suite 2100,
Chicago, IL 60606.
Marsico Capital Management, LLC, 1200 17th Street, Suite 1200, Denver, CO
80202.
Peachtree Asset Management, One Peachtree Center, Suite 4500, 303 Peachtree
Street N.E., Atlanta, GA 30308.
Sanford C. Bernstein & Co., Inc., 767 Fifth Avenue, 21st Floor, New York,
NY 10153.
Suffolk Capital Management, Inc., 1633 Broadway, 40th Floor, New York, NY
10107.
Trinity Investment Management Corporation, 75 Park Plaza, Boston, MA 02116.
Westpeak Investment Advisors, L.P., 1011 Walnut Street, Suite 400 Boulder,
Co 80302.
2
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Institutional Funds - Class Y Shares
Frank Russell Investment Company
Supplement Dated September 22, 1999
To the Prospectus Dated May 1, 1999
As Supplemented through July 15, 1999
Effective immediately, Frank Russell Investment Company makes the following
change to its Institutional Funds - Class Y Shares Prospectus.
Under the Prospectus section entitled "Money Manager Information," the money
managers for Equity I Fund are revised as follows:
EQUITY I FUND
Alliance Capital Management L.P., US Bank Place, 601 2nd Ave. South, Suite
5000, Minneapolis, MN 55402-4322.
Barclays Global Fund Advisors N.A., 45 Fremont Street, San Francisco, CA
94105.
Equinox Capital Management, Inc., 590 Madison Avenue, 41st Floor, New York,
NY 10022.
Jacobs Levy Equity Management, Inc., 280 Corporate Center, 3 ADP Boulevard,
Roseland, NJ 07068
Lincoln Capital Management Company, 200 South Wacker Drive, Suite 2100,
Chicago, IL 60606.
Marsico Capital Management, LLC, 1200 17th Street, Suite 1200, Denver, CO
80202.
Peachtree Asset Management, One Peachtree Center, Suite 4500, 303 Peachtree
Street N.E., Atlanta, GA 30308.
Sanford C. Bernstein & Co., Inc., 767 Fifth Avenue, 21st Floor, New York,
NY 10153.
Suffolk Capital Management, Inc., 1633 Broadway, 40th Floor, New York, NY
10107.
Trinity Investment Management Corporation, 75 Park Plaza, Boston, MA 02116.
Westpeak Investment Advisors, L.P., 1011 Walnut Street, Suite 400 Boulder,
CO 80302.
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Institutional Funds - Class E & I Shares
Frank Russell Investment Company
Supplement Dated September 22, 1999
To the Prospectus Dated May 1, 1999
As Supplemented through July 15, 1999
Effective immediately, Frank Russell Investment Company makes the following
change to its Institutional Funds - Class E and I Shares Prospectus.
Under the Prospectus section entitled "Money Manager Information," the money
managers for Equity I Fund are revised as follows:
EQUITY I FUND
Alliance Capital Management L.P., US Bank Place, 601 2nd Ave. South, Suite
5000, Minneapolis, MN 55402-4322.
Barclays Global Fund Advisors N.A., 45 Fremont Street, San Francisco, CA
94105.
Equinox Capital Management, Inc., 590 Madison Avenue, 41st Floor, New York,
NY 10022.
Jacobs Levy Equity Management, Inc., 280 Corporate Center, 3 ADP Boulevard,
Roseland, NJ 07068
Lincoln Capital Management Company, 200 South Wacker Drive, Suite 2100,
Chicago, IL 60606.
Marsico Capital Management, LLC, 1200 17th Street, Suite 1200, Denver, CO
80202.
Peachtree Asset Management, One Peachtree Center, Suite 4500, 303 Peachtree
Street N.E., Atlanta, GA 30308.
Sanford C. Bernstein & Co., Inc., 767 Fifth Avenue, 21st Floor, New York,
NY 10153.
Suffolk Capital Management, Inc., 1633 Broadway, 40th Floor, New York, NY
10107.
Trinity Investment Management Corporation, 75 Park Plaza, Boston, MA 02116.
Westpeak Investment Advisors, L.P., 1011 Walnut Street, Suite 400 Boulder,
CO 80302.
4
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LifePoints Prospectus - Class C
Frank Russell Investment Company
Supplement Dated September 22, 1999
To the Prospectus Dated May 1, 1999
As Supplemented through July 15, 1999
Effective immediately, Frank Russell Investment Company makes the following
change to its LifePoints Funds - Class C Prospectus:
Under the Prospectus section entitled "Money Manager Information," the money
managers for Diversified Equity Fund are revised as follows:
DIVERSIFIED EQUITY FUND
Alliance Capital Management L.P., US Bank Place, 601 2nd Ave. South, Suite
5000, Minneapolis, MN 55402-4322.
Barclays Global Fund Advisors N.A., 45 Fremont Street, San Francisco, CA
94105.
Equinox Capital Management, Inc., 590 Madison Avenue, 41st Floor, New York,
NY 10022.
Jacobs Levy Equity Management, Inc., 280 Corporate Center, 3 ADP Boulevard,
Roseland, NJ 07068.
Lincoln Capital Management Company, 200 South Wacker Drive, Suite 2100,
Chicago, IL 60606.
Marsico Capital Management, LLC, 1200 17th Street, Suite 1200, Denver, CO
80202.
Peachtree Asset Management, One Peachtree Center, Suite 4500, 303 Peachtree
Street N.E., Atlanta, GA 30308.
Sanford C. Bernstein & Co., Inc., 767 Fifth Avenue, 21st Floor, New York,
NY 10153.
Suffolk Capital Management, Inc., 1633 Broadway, 40th Floor, New York, NY
10107.
Trinity Investment Management Corporation, 75 Park Plaza, Boston, MA 02116.
Westpeak Investment Advisors, L.P., 1011 Walnut Street, Suite 400 Boulder,
CO 80302.
5
<PAGE>
Frank Russell Investment Company
Supplement Dated September 22, 1999
To the Statement of Additional Information Dated May 1, 1999
As Supplemented through July 15, 1999
Effective immediately, Frank Russell Investment Company makes the following
change to its Statement of Additional Information:
The following restates the section entitled "MONEY MANAGER INFORMATION":
MONEY MANAGER INFORMATION
DIVERSIFIED EQUITY FUND
Alliance Capital Management, L.P. is a limited partnership whose (i)
general partner is a wholly-owned subsidiary of The Equitable Companies
Incorporated ("The Equitable") and (ii) majority unit holder is ACM, Inc.,
a wholly-owned subsidiary of The Equitable. As of March 1, 1995, 60.5% of
The Equitable was owned by Axa, a French insurance holding company.
Barclays Global Fund Advisors N.A. is an indirect, wholly-owned
subsidiary of Barclays Bank PLC.
Equinox Capital Management, Inc. is a registered investment adviser
with majority ownership held by Ron Ulrich.
Jacobs Levy Equity Management, Inc. is 100% owned by Bruce Jacobs and
Kenneth Levy.
Lincoln Capital Management Company is a division of Lincoln Capital
Management Company, and is a registered investment adviser with majority
ownership held by Dave Flower, Jay Freedman, Parker Hall, Richard Knee, Ken
Meyer and Ray Zemon.
Marsico Capital Management, LLC is owned 50% by Marsico Management
Holdings, LLC and 50% by TFM Holdings, LLLP. Marsico Management Holdings is
a wholly-owned subsidiary of NationsBank, N.A. which in turn is a
wholly-owned subsidiary of Bank of America. TFM Holdings, LLLP is a
Colorado limited liability limited partnership whose sole general partner
is TFM Managers, Inc. which is wholly-owned by Thomas F. Marsico.
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<PAGE>
Peachtree Asset Management is division of SSBC Fund Management Inc.
SSBC Fund Management is owned 100% by Salomon Smith Barney Inc. which is a
wholly-owned subsidiary of Citigroup Inc.
Sanford C. Bernstein & Co., Inc. is a registered investment adviser.
Bernstein is controlled by its Board of Directors, which consists of the
following individuals: Andrew S. Adelson, Zalman C. Bernstein, Kevin R.
Rine, Charles C. Cahn, Jr., Marilyn Goldstein Fedak, Michael L. Goldstein,
Roger Hertog, Lewis A. Sanders and Francis H. Trainer, Jr.
Suffolk Capital Management, Inc. is a registered investment adviser
and a wholly-owned subsidiary of United Asset Management Company, a
publicly traded corporation.
Trinity Investment Management Corporation is a corporation with seven
shareholders, with Stanford M. Calderwood holding majority ownership.
Westpeak Investment Advisors, L.P. is a registered investment adviser
that is directly controlled by Metropolitan Life Insurance Company.
EQUITY I FUND
Alliance Capital Management L.P. See: Diversified Equity Fund.
Barclays Global Fund Advisors. See: Diversified Equity Fund.
Equinox Capital Management, Inc. See: Diversified Equity Fund.
Jacobs Levy Equity Management, Inc. See: Diversified Equity Fund.
Lincoln Capital Management Company. See: Diversified Equity Fund.
Marsico Capital Management, LLC. See: Diversified Equity Fund
Peachtree Asset Management. See: Diversified Equity Fund.
Sanford C. Bernstein & Co., Inc. See: Diversified Equity Fund.
Suffolk Capital Management, Inc. See: Diversified Equity Fund.
Trinity Investment Management Corporation. See: Diversified Equity
Fund.
Westpeak Investment Advisors, L.P. See: Diversified Equity Fund.
7
<PAGE>
Frank Russell Investment Company
Supplement Dated September 22, 1999
To the LifePoints Funds
Statement of Additional Information Dated May 1, 1999
As Supplemented through July 15, 1999
Effective immediately, Frank Russell Investment Company makes the following
change to its LifePoints Funds Statement of Additional Information:
The following restates the section entitled "MONEY MANAGER INFORMATION FOR THE
UNDERLYING FUNDS":
MONEY MANAGER INFORMATION
FOR THE UNDERLYING FUNDS
DIVERSIFIED EQUITY FUND
Alliance Capital Management, L.P. is a limited partnership whose (i)
general partner is a wholly-owned subsidiary of The Equitable Companies
Incorporated ("The Equitable") and (ii) majority unit holder is ACM, Inc.,
a wholly-owned subsidiary of The Equitable. As of March 1, 1995, 60.5% of
The Equitable was owned by Axa, a French insurance holding company.
Barclays Global Fund Advisors N.A. is an indirect, wholly-owned
subsidiary of Barclays Bank PLC.
Equinox Capital Management, Inc. is a registered investment adviser
with majority ownership held by Ron Ulrich.
Jacobs Levy Equity Management, Inc. is 100% owned by Bruce Jacobs and
Kenneth Levy.
Lincoln Capital Management Company is a division of Lincoln Capital
Management Company, and is a registered investment adviser with majority
ownership held by Dave Flower, Jay Freedman, Parker Hall, Richard Knee, Ken
Meyer and Ray Zemon.
Marsico Capital Management, LLC is owned 50% by Marsico Management
Holdings, LLC and 50% by TFM Holdings, LLLP. Marsico Management Holdings is
a wholly-owned subsidiary of NationsBank, N.A. which in turn is a
wholly-owned subsidiary of Bank of America. TFM Holdings, LLLP is a
Colorado limited liability limited partnership whose sole general partner
is TFM Managers, Inc. which is wholly-owned by Thomas F. Marsico.
8
<PAGE>
Peachtree Asset Management is division of SSBC Fund Management Inc.
SSBC Fund Management is owned 100% by Salomon Smith Barney Inc. which is a
wholly-owned subsidiary of Citigroup Inc.
Sanford C. Bernstein & Co., Inc. is a registered investment adviser.
Bernstein is controlled by its Board of Directors, which consists of the
following individuals: Andrew S. Adelson, Zalman C. Bernstein, Kevin R.
Rine, Charles C. Cahn, Jr., Marilyn Goldstein Fedak, Michael L. Goldstein,
Roger Hertog, Lewis A. Sanders and Francis H. Trainer, Jr.
Suffolk Capital Management, Inc. is a registered investment adviser
and a wholly-owned subsidiary of United Asset Management Company, a
publicly traded corporation.
Trinity Investment Management Corporation is a corporation with seven
shareholders, with Stanford M. Calderwood holding majority ownership.
Westpeak Investment Advisors, L.P. is a registered investment adviser
that is directly controlled by Metropolitan Life Insurance Company.
9
