Supplement dated December 8, 1999 to
Founders Funds, Inc. Prospectus
dated May 1, 1999
(as previously supplemented through September 20, 1999)
Effective December 8, 1999, Curtis J. Anderson has been appointed portfolio
manager of Founders Balanced Fund. Accordingly, the description of Founders'
investment management team in the section of the Prospectus titled "How the
Funds Are Managed - Founders' Investment Management Team" is amended as follows:
The following paragraph is added following the paragraph concerning Robert T.
Ammann:
Curtis J. Anderson, Vice President of Investments. Mr. Anderson is a Chartered
Financial Analyst who has been portfolio manager of Founders Balanced Fund since
December 1999. Before joining Founders, Mr. Anderson was a senior vice
president, director of research, and a portfolio manager with First Security
Investment Management, Salt Lake City, Utah. Mr. Anderson holds a bachelor's
degree in finance and an MBA from the University of Utah.
The paragraph concerning Brian F. Kelly in this section of the Prospectus is
deleted, since Mr. Kelly is no longer associated with Founders.
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FOUNDERS FUNDS INC.
SUPPLEMENT DATED DECEMBER 8, 1999
TO STATEMENT OF ADDITIONAL INFORMATION
DATED MAY 1, 1999
(as previously supplemented through August 16, 1999)
The section of the Funds' Statement of Additional Information entitled
"Investment Adviser, Distributor and Other Service Providers -- Investment
Adviser" is hereby amended on page 39 to replace the third paragraph on that
page with the following:
Founders and its predecessor companies have been providing investment management
services since 1938. In addition to serving as adviser to the Funds, Founders
serves as investment adviser or sub-adviser to various other mutual funds and
private accounts. The officers of Founders include Christopher M. Condron,
Chairman, Richard W. Sabo, President and Chief Executive Officer; Robert T.
Ammann, Vice President; Curtis J. Anderson, Vice President, Thomas M. Arrington,
Vice President; Marissa A. Banuelos, Vice President; Angelo Barr, Senior Vice
President and National Sales Manager; Scott A. Chapman, Vice President; Kenneth
R. Christoffersen, Senior Vice President, General Counsel and Secretary; Gregory
P. Contillo, Executive Vice President and Chief Marketing Officer; Francis P.
Gaffney, Senior Vice President; Laurine Garrity, Senior Vice President; Paul A.
LaRocco, Vice President; Douglas A. Loeffler, Vice President; Andra C. Ozols,
Vice President, David L. Ray, Senior Vice President and Treasurer; Linda M.
Ripley, Vice President; and Tracy P. Stouffer, Vice President.
