SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
(Amendment No. ___)
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14a-6(e)(2))
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[ ] Soliciting Material Pursuant to ss. 240.14a-11(c) or ss. 240.14a-12
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FOUNDERS FUNDS, INC.
(Name of Registrant as Specified in its Charter)
_____________________________________________________________________
(Name of Person(s) Filing Proxy Statement if other than the Registrant)
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[LOGO]
Important Reminder
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FOUNDERS FRONTIER FUND
2930 EAST THIRD AVENUE
DENVER, COLORADO 80206
Special Meeting of Shareholders
To be held on Tuesday, August 3, 1999
Recently we distributed proxy material regarding the Special Meeting of
Shareholders for the Founders Frontier Fund scheduled to take place on
Tuesday, August 3, 1999. The Fund's records indicate that we have not yet
received voting instructions from you. We encourage you to exercise your
right to vote in order to have a majority opinion from the Fund's
shareholders. Please take a few moments to cast your vote. If you do not plan
to attend the Meeting, we need to receive your vote by Monday August 2, 1999
in order to properly tabulate the results for the Meeting scheduled for
Tuesday, August 3, 1999.
The Meeting has been called in order to consider a plan of Reorganization
which provides for the acquisition of the assets of Frontier Fund by the
Founders Discovery Fund, in exchange solely for shares of common stock of
Discovery Fund and the assumption by Discovery Fund of all liabilities of the
Frontier Fund. You will receive the number of full and fractional shares of
Discovery Fund that is equal in aggregate value to your holdings in Frontier
Fund.
The Board of Directors believes that the Reorganization will benefit you. The
Discovery Fund has an investment objective substantially similar to the
investment objective of Frontier Fund and has similar investment strategies.
It is anticipated that the Reorganization, which will result in a single Fund
with a larger combined asset base, could produce certain economies of scale
resulting in a lower expense ratio. Please see the proxy statement you
previously received for additional information.
For your convenience, we have established three easy methods by which to
register your vote:
1. BY PHONE: Simply call 1-800-949-8596. Representatives are
available to take your vote Monday through Friday
between 9 a.m. and 11 p.m. and Saturday noon to 6 p.m.
Eastern Time.
2. BY FAX: Complete the enclosed proxy card and fax it to us
toll-free at 1-800-733-1885, anytime.
3. BY MAIL: Complete the enclosed proxy card and return it in the
enclosed postage-paid envelope. Please utilize this
option only if methods one or two are not convenient,
since there is no guarantee that your vote will be
received in time for the Meeting.
REMEMBER, YOUR VOTE COUNTS. VOTE TODAY!
Please take the time to vote your shares in order to reduce the need for
additional solicitation efforts or costly meeting adjournments. If you have
any questions regarding the meeting agenda or the execution of your proxy,
please call SHAREHOLDER COMMUNICATIONS at 1-800-949-8596.
Thank you for your prompt attention.
