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VANGUARD(R) EXTENDED MARKET STOCK INDEX FUND
VANGUARD(R) SMALL-CAP STOCK INDEX FUND
SUPPLEMENT TO THE PROSPECTUS DATED APRIL 30, 1999
Effective April 1, 2000, the Funds have reduced their purchase transaction fees
as follows:
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FORMER PURCHASE NEW PURCHASE
FUND TRANSACTION FEE TRANSACTION FEE
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Extended Market Stock Index Fund 0.25% None
Small-Cap Stock Index Fund 0.50 None
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The Funds may reinstate or raise their transaction fees in the future if their
costs of buying and selling securities increase under future market conditions.
(C) 2000 The Vanguard Group, Inc. All rights reserved. PSESN-04/01/2000
Vanguard Marketing Corporation, Distributor
