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VANGUARD(R) U.S. STOCK INDEX FUNDS
SUPPLEMENT TO THE PROSPECTUS DATED NOVEMBER 1, 2000
AN IMPORTANT MESSAGE ABOUT ADMIRAL(TM) SHARES
Vanguard Total Stock Market Index Fund, Vanguard 500 Index Fund, Vanguard
Extended Market Index Fund, Vanguard Small-Cap Index Fund, Vanguard Value Index
Fund, and Vanguard Growth Index Fund will begin offering their Admiral Shares on
November 13, 2000. Any purchases into these Funds prior to this date will be for
Investor Shares. Once Admiral Shares are available, Fund accounts meeting the
minimum balance and tenure requirements will be eligible for tax-free conversion
to Admiral Shares.
For more information on Vanguard's Admiral program, including conversion
details, please contact us at 1-800-662-7447.
(C)2000 The Vanguard Group, Inc. All rights reserved. PS40N 112000
Vanguard Marketing Corporation, Distributor.
