<PAGE>
As filed with the Securities and Exchange Commission on January 22, 1996.
SCHEDULE 14A
(Rule 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934
(Amendment No. _____)
Filed by the registrant / X /
Check the appropriate box:
/__ / Preliminary proxy statement
/ / Definitive proxy statement
/ X / Definitive additional materials
CONNECTICUT MUTUAL FINANCIAL SERVICES SERIES FUND I, INC.
(Name of Registrant as Specified in Its Charter)
CONNECTICUT MUTUAL FINANCIAL SERVICES SERIES FUND I, INC.
(Name of Person(s) Filing Proxy Statement)
Payment of filing fee (Check the appropriate box):
/ X / Fee paid previously with preliminary materials.
<PAGE>
CONNECTICUT MUTUAL FINANCIAL SERVICES
SERIES FUND I, INC.
140 GARDEN STREET
HARTFORD, CONNECTICUT 06154
-------------------------------------------------------------------
SUPPLEMENT TO
PROXY MATERIALS DATED DECEMBER 18, 1995
(THE "SUPPLEMENT")
-------------------------------------------------------------------
A Letter to Fellow Shareholders, a Notice of Special Meeting of Shareholders
in Lieu of an Annual Meeting and a Proxy Statement, each dated December 18, 1995
(collectively, the "Proxy Materials"), were mailed to you on or about January
10, 1996. Due to a delay in mailing the Proxy Materials, it is necessary to
provide you with the following additional information. Capitalized terms used in
the Supplement have the same meanings attributed to them in the Proxy Materials
unless indicated to the contrary in the Supplement.
MEETING ADJOURNED
Shareholders present at the meeting on January 22, 1996 in person and by
proxy voted to adjourn the meeting to February 14, 1996. Accordingly, you are
being provided with this Supplement and another proxy ballot card.
NEW PROXY CARD
Please review this Supplement carefully and then complete, sign and return
the enclosed proxy ballot card (the "New Proxy") to us immediately. If you have
not already returned it, please destroy the proxy ballot card which was mailed
to you with the Proxy Materials (the "Original Proxy") and do not use or return
the Original Proxy.
If you have already returned the Original Proxy, we nevertheless request
that you review this Supplement carefully and then complete, sign and return the
New Proxy to us immediately, even if you do not intend to change your vote. BY
COMPLETING THE NEW PROXY YOU WILL AUTOMATICALLY REVOKE YOUR ORIGINAL PROXY, AND
SUCH REVOCATION WILL ENSURE THAT YOU HAVE RECEIVED AND REVIEWED THIS SUPPLEMENT.
You have the power to revoke the New Proxy (or the Original Proxy if you
fail to complete the New Proxy) at any time prior to its exercise by executing a
superseding proxy or by submitting a written notice of revocation to the
Secretary of the Company. In addition, although mere attendance at the meeting
will not revoke either proxy, if present at the meeting, you may withdraw the
New Proxy (or the Original Proxy if you fail to complete the New Proxy) in
person. Each properly executed and unrevoked New Proxy received in time for the
meeting will be voted in accordance with the instructions contained in the New
<PAGE>
Proxy. Each properly executed Original Proxy, which has not been revoked by
completion of a New Proxy or otherwise, received in time for the meeting will be
voted in accordance with the instructions contained in the Original Proxy.
THE OPPENHEIMER ENTITIES
Since the date of the Proxy Materials, Oppenheimer Management Corporation
has changed its name to OppenheimerFunds, Inc., Oppenheimer Shareholder
Services, a division of Oppenheimer Management Corporation, has changed its name
to OppenheimerFunds Services and Oppenheimer Funds Distributor, Inc. has changed
its name to OppenheimerFunds Distributor, Inc. All references included in the
Proxy Materials should be read as if to reference the entities by their new
names. As of December 31, 1995, Oppenheimer (including a subsidiary) had in
excess of $40 billion in assets under management.
ADDITIONAL FINANCIAL INFORMATION FOR THE PORTFOLIOS' FISCAL YEAR ENDED DECEMBER
31, 1995 (UNAUDITED)
ADVISORY FEES (PROXY STATEMENT, PAGE 12)
During the Portfolios' fiscal year ended December 31, 1995, each Portfolio
paid advisory fees to G.R. Phelps as follows:
<TABLE>
<CAPTION>
PORTFOLIO AMOUNT OF ADVISORY FEE
- ---------------------------------------- -------------------------------------
<S> <C> <C>
Money Market Portfolio.................. $ 337,460 (0.50% of the
Portfolio's average
daily net assets)
Income Portfolio........................ $ 630,695 (0.59% of the
Portfolio's average
daily net assets)+
Government Securities Portfolio......... $ 117,370 (0.554% of the
Portfolio's average
daily net assets)+
Total Return Portfolio.................. $ 4,780,963 (0.553% of the
Portfolio's average
daily net assets)+
Growth Portfolio........................ $ 1,890,963 (0.613% of the
Portfolio's average
daily net assets)
International Portfolio................. $ 347,740 (0.98% of the
Portfolio's average
daily net assets)+
Capital Appreciation Portfolio.......... $ 72,333 (0.85%* of the
Portfolio's average
daily net assets)
Balanced Portfolio...................... $ 96,385 (0.85%* of the
Portfolio's average
daily net assets)
Diversified Income Portfolio............ $ 51,050 (0.75%* of the
Portfolio's average
daily net assets)
</TABLE>
- ------------------------
* Annualized.
+ Reflects a different fee rate in effect for the Portfolio until May 1, 1995.
2
<PAGE>
SUBADVISORY FEES (PROXY STATEMENT, PAGE 14)
During the Portfolios' fiscal year ended December 31, 1995, G.R. Phelps paid
subadvisory fees to the subadvisers as follows:
<TABLE>
<CAPTION>
SUBADVISER AMOUNT OF SUBADVISORY FEE
- -------------------- ---------------------------------------------------
<S> <C> <C>
BEA Associates $ 15,868 (0.45%* of the combined average daily
("BEA") net assets of the LifeSpan Portfolios
subadvised by BEA)
Pilgrim, Baxter & $ 22,858 (0.60%* of the combined average daily
Associates Ltd. net assets of the LifeSpan Portfolios
("Pilgrim") subadvised by Pilgrim)
Scudder, Stevens & $ 24,424 (0.75%* of the combined average daily
Clark, Inc. net assets of the LifeSpan Portfolios
("Scudder") subadvised by Scudder)
$ 256,152 (0.67% of the combined average daily net
assets of the International Portfolio
subadvised by Scudder)
</TABLE>
- ------------------------
* Annualized.
REMUNERATION OF DIRECTORS (PROXY STATEMENT, PAGE 26)
<TABLE>
<CAPTION>
PENSION OR TOTAL
RETIREMENT ESTIMATED COMPENSATION
AGGREGATE BENEFITS ANNUAL FROM COMPANY
COMPENSATION ACCRUED AS BENEFIT AND
FROM THE PART OF FUND UPON COMPANY
NAME OF PERSON COMPANY* EXPENSES RETIREMENT COMPLEX**
- -------------------------- ------------ ------------ ---------- ------------
<S> <C> <C> <C> <C>
Richard H. Ayers.......... $ 6,750 None None $ 13,500
David E.A. Carson......... 7,250 None None 14,500
Richard W. Greene......... 8,250 None None 16,500
Beverly L. Hamilton....... 7,000 None None 14,000
Donald H. Pond, Jr........ None None None None
David E. Sams, Jr......... None None None None
</TABLE>
- ------------------------
* As of December 31, 1995 for all Portfolios.
** For the twelve months ended December 31, 1995, includes 22 series of two
investment companies.
3
<PAGE>
During the fiscal year ended December 31, 1995, the Board of Directors held
seven meetings, the Board of Directors' audit committee held two meetings and
the Board of Directors' nominating committee met once. Each Director attended at
least 75% of the meetings of the Board of Directors and the meetings held by the
committee of the Board on which such Directors served during the last fiscal
year.
OTHER ADDITIONAL INFORMATION (PAGES 26-27 OF THE PROXY STATEMENT)
After the close of the Transition Period, it is anticipated that Oppenheimer
will propose to the Directors that Bridget A. Macaskill be elected President of
the Company. Ms. Macaskill's principal occupations during the past five years
are as follows: President, CEO and a director of Oppenheimer; President and a
director of most of the Oppenheimer mutual funds; Chairman and a director of
Shareholder Services, Inc., President and a director of Oppenheimer Acquisition
Corp., HarbourView Asset Management Corporation and Oppenheimer Partnership
Holdings, Inc., a holding company subsidiary of Oppenheimer; and formerly
Executive Vice President of Oppenheimer.
The cost of the proxy solicitation related to this Supplement and the Proxy
Materials, including out-of-pocket expenses, is expected to be approximately
$255,034 and will be borne by G.R. Phelps.
------------------------
If you have any questions, please call your Customer Service Representative
at 1-800-461-3743, Monday through Friday between 8:00 a.m. and 5:00 p.m. Eastern
Time.
Hartford, Connecticut
January 22, 1996
4
<PAGE>
VOTE THIS VOTING INSTRUCTION CARD TODAY!
YOUR PROMPT RESPONSE WILL SAVE
THE EXPENSE OF ADDITIONAL MAILINGS
VOTING THIS INSTRUCTION CARD WILL
AUTOMATICALLY REVOKE ALL PRIOR VOTING
INSTRUCTION CARDS
[PORTFOLIO NAME] THIS PROXY IS
SOLICITED ON
BEHALF OF THE BOARD OF
DIRECTORS
PROXY PROXY
CONNECTICUT MUTUAL FINANCIAL SERVICES SERIES FUND I, INC.
140 GARDEN STREET
HARTFORD, CONNECTICUT 06154
SPECIAL MEETING OF SHAREHOLDERS --
JANUARY 22, 1996,
AS ADJOURNED TO
FEBRUARY 14, 1996
The undersigned hereby appoints David E. Sams, Jr., Donald H.
Pond, Jr., Ann F. Lomeli and Michael A. Chong, and each of them,
the proxies of the undersigned with full power of substitution to
each of them, to vote all shares of the above-referenced portfolio
(the "Portfolio") which the undersigned is entitled to vote at a
Special Adjourned Meeting of Shareholders of Connecticut Mutual
Financial Services Series Fund I, Inc. (the "Company") to be held at
the offices of Connecticut Mutual Life Insurance Company located at
878 Main Street (10 State House Square), Hartford, Connecticut, on
Wednesday, February 14, 1996 at 2:00 p.m. Eastern Time and any
adjournments thereof.
By signing and dating this proxy form, you authorize the
above proxies to vote your shares of the Portfolio only with
respect to the following proposals set forth on the reverse side
of this card (which are numbered to correspond to the numbering of
proposals contained in the Proxy Statement):
PLEASE DATE, SIGN AND RETURN THIS PROXY PROMPTLY
Date: ______________________________
PLEASE SIGN EXACTLY AS YOUR NAME OR NAMES APPEAR
HEREON. WHEN SIGNING AS ATTORNEY, EXECUTOR,
ADMINISTRATOR, TRUSTEE OR GUARDIAN, PLEASE GIVE
YOUR FULL TITLE AS SUCH. IF A CORPORATION, PLEASE
SIGN IN FULL CORPORATE NAME BY PRESIDENT OR OTHER
AUTHORIZED OFFICER. IF A PARTNERSHIP, PLEASE SIGN
IN PARTNERSHIP NAME BY AUTHORIZED PERSON.
___________________________________
___________________________________
Signature(s) of Shareholder(s)
<PAGE>
VOTE THIS VOTING INSTRUCTION CARD TODAY!
YOUR PROMPT RESPONSE WILL SAVE
THE EXPENSE OF ADDITIONAL MAILINGS
THIS PROXY WHEN PROPERLY EXECUTED WILL BE VOTED IN THE MANNER
INSTRUCTED HEREIN BY THE UNDERSIGNED SHAREHOLDER(S). IF NO
INSTRUCTION IS GIVEN, THIS PROXY WILL BE VOTED FOR PROPOSALS 1,
2(a), 2(b), 2(c) AND 4 AND FOR THE NOMINEES IN PROPOSAL 3.
Please vote by filling in the appropriate box below, as shown,
using blue or black ink or dark pencil. Do not use red ink.
1. FOR EACH PORTFOLIO VOTING SEPARATELY. To approve the terms
of new investment advisory agreements between the Company, on
behalf of each Portfolio, and OppenheimerFunds, Inc.
("Oppenheimer"), the proposed investment adviser to the
Portfolios.
FOR / / AGAINST / / ABSTAIN / /
2(a). FOR LIFESPAN CAPITAL APPRECIATION PORTFOLIO AND LIFESPAN
BALANCED PORTFOLIO VOTING SEPARATELY. To approve the
terms of new investment subadvisory agreements between
Oppenheimer and Pilgrim, Baxter & Associates, Ltd. with
respect to each of the LifeSpan Capital Appreciation
Portfolio and LifeSpan Balanced Portfolio.
FOR / / AGAINST / / ABSTAIN / /
2(b). FOR LIFESPAN CAPITAL APPRECIATION PORTFOLIO, LIFESPAN
BALANCED PORTFOLIO AND LIFESPAN DIVERSIFIED INCOME
PORTFOLIO VOTING SEPARATELY. To approve the terms of
new investment subadvisory agreements between
Oppenheimer and BEA Associates with respect to each of
the LifeSpan Capital Appreciation Portfolio, LifeSpan
Balanced Portfolio and LifeSpan Diversified Income
Portfolio.
FOR / / AGAINST / / ABSTAIN / /
-2-
<PAGE>
2(c). FOR LIFESPAN CAPITAL APPRECIATION PORTFOLIO, LIFESPAN
BALANCED PORTFOLIO AND INTERNATIONAL EQUITY PORTFOLIO
VOTING SEPARATELY. To approve the terms of new
investment subadvisory agreements between Oppenheimer
and Babson-Stewart Ivory International Limited with
respect to each of the LifeSpan Capital Appreciation
Portfolio, LifeSpan Balanced Portfolio and International
Equity Portfolio.
FOR / / AGAINST / / ABSTAIN / /
3. FOR ALL PORTFOLIOS VOTING TOGETHER. To elect eight (8)
Directors to the Company's Board of Directors to serve until
their successors have been duly elected and qualified. The
nominees are Robert G. Avis, William A. Baker, Charles
Conrad, Jr., Raymond J. Kalinowski, C. Howard Kast, Robert M.
Kirchner, Ned M. Steel and James C. Swain.
(INSTRUCTION: TO WITHHOLD AUTHORITY TO VOTE FOR ANY INDIVIDUAL
NOMINEE, STRIKE A LINE THROUGH THE NOMINEE'S NAME ABOVE.)
FOR all nominees VOTE WITHHELD for FOR all nominees
named at left. all the nominees named at left,
named at left. except as indicated.
/ / / / / /
4. FOR ALL PORTFOLIOS VOTING TOGETHER. To ratify the selection
of Arthur Andersen LLP as the Company's independent public
accountants.
FOR / / AGAINST / / ABSTAIN / /
In their discretion, the proxies are authorized to vote upon
such other business as may properly come before the meeting.
-3-
