FOUNDERS FUNDS, INC.
SUPPLEMENT TO PROSPECTUS DATED MAY 1, 1998
(AS PREVIOUSLY SUPPLEMENTED DECEMBER 7, 1998)
FOUNDERS FRONTIER FUND
The description of Founders Frontier Fund on page 14 is hereby amended to state
that Robert T. Ammann, CFA, has been appointed as lead portfolio manager for
Founders Frontier Fund, effective February 1, 1999. The paragraph entitled
"Portfolio Manager" is hereby amended to read as follows:
PORTFOLIO MANAGER
ROBERT T. AMMANN, Vice President of Investments. Mr. Ammann is a
Chartered Financial Analyst who has been lead portfolio manager
for Founders Frontier Fund since February 1999. Mr. Ammann also
has served as lead portfolio manager for Founders Discovery Fund
since 1997. Mr. Ammann joined Founders in 1993 as a research
analyst, and became a senior research analyst in 1996. Prior to
joining Founders, he was a financial statistician for Standard &
Poor's CompuStat Services, Inc. A graduate of Colorado State
University, Mr. Ammann holds a bachelor's degree in finance.
FOUNDERS BLUE CHIP FUND
The description of Founders Blue Chip Fund on page 24 is hereby amended to state
that Thomas M. Arrington, CFA, has been appointed as lead portfolio manager for
Founders Blue Chip Fund, effective February 1, 1999. The paragraph entitled
"Portfolio Manager" is hereby amended to read as follows:
PORTFOLIO MANAGER
THOMAS M. ARRINGTON, Vice President of Investments. Mr.
Arrington is a Chartered Financial Analyst who has been lead
portfolio manager for Founders Blue Chip Fund since February 1999.
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Mr. Arrington joined Founders in December 1998 as co-lead
portfolio manager for Founders Growth Fund. Prior to joining
Founders, he was a vice president and director of income equity
strategy (1994-1998), a vice president and director of income and
growth strategy (1993-1994), a securities research analyst
(1991-1994), and a business administration manager (1990-1991)
for HighMark Capital Management, Inc., a subsidiary of Union
BanCal Corporation. A graduate of the University of California,
Los Angeles, Mr. Arrington received an MBA from San Francisco
State University.
The biography of Brian F. Kelly on page 26 is hereby amended to reflect that Mr.
Kelly is no longer the lead portfolio manager for Founders Blue Chip Fund. Mr.
Kelly continues to serve as the lead portfolio manager of Founders Balanced
Fund.
The date of this supplement is February 1, 1999.
