Supplement dated December 10, 1999 to
Founders Funds, Inc. Prospectus
dated May 1, 1999
(as previously supplemented through December 8, 1999)
Effective December 8, 1999, Kevin S. Sonnett has been appointed portfolio
manager of Founders Mid-Cap Growth 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 Douglas A.
Loeffler:
Kevin S. Sonnett, Vice President of Investments. Mr. Sonnett is a Chartered
Financial Analyst who has been portfolio manager of Founders Mid-Cap Growth
Fund since December 1999. He joined Founders in February 1997 as an equity
analyst for the small- and mid-cap investment team, and was promoted to
senior equity analyst in 1999. Before joining Founders, Mr. Sonnett was an
equity analyst with the Colorado Public Employees Retirement Association
from 1995 to 1997, and an investor services representative with Janus
Service Corporation from 1994 to 1995. Mr. Sonnett holds a bachelor's
degree in marketing from Pennsylvania State University and a master's
degree in finance from the University of Colorado.
The paragraph concerning Paul A. LaRocco in this section of the Prospectus is
deleted, since Mr. LaRocco has resigned his position with Founders.
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FOUNDERS FUNDS INC.
SUPPLEMENT DATED DECEMBER 10, 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; Douglas A.
Loeffler, Vice President; Andra C. Ozols, Vice President, David L. Ray,
Senior Vice President and Treasurer; Linda M. Ripley, Vice President; Kevin
S. Sonnett, Vice President; and Tracy P. Stouffer, Vice President.
This supplement supersedes the supplement dated December 8, 1999.
