DREYFUS FOUNDERS FUNDS, INC.
SUPPLEMENT DATED MARCH 22, 2000
TO STATEMENT OF ADDITIONAL INFORMATION
DATED DECEMBER 31, 1999
The section of the Funds' Statement of Additional Information entitled
"Directors and Officers - Officers" is hereby amended on pages 33-35 by
replacing that section with the following:
OFFICERS
The officers of the Company and their principal occupations for the
last five years appear below.
PRINCIPAL
NAME, ADDRESS POSITION(S) OCCUPATION(S) DURING
AND DATE OF BIRTH HELD WITH FUND PAST FIVE YEARS
------------------------ ----------------- ------------------------
Richard W. Sabo President Founders' President
2930 East Third Avenue and Chief Executive
Denver, Colorado 80206 Officer (December 1998
Born: December 19, 1957 to present). Formerly
(1991 to November
1998) Senior Vice
President and Regional
Director for
Prudential Securities,
Inc.
------------------------ ----------------- ------------------------
David L. Ray Vice President Founders' Senior Vice
2930 East Third Avenue President -
Denver, Colorado 80206 Administration and
Born: July 10, 1957 Treasurer. Employed
by Founders and its
predecessor companies
since 1990.
------------------------ ----------------- ------------------------
Kenneth R. Secretary Founders' Senior Vice
Christoffersen President - Legal,
2930 East Third Avenue General Counsel and
Denver, Colorado 80206 Secretary. Prior to
Born: September 30, joining Founders in
1955 May 1996, Vice
President, Assistant
Vice President and
Assistant General
Counsel of INVESCO
Funds Group, Inc. and
INVESCO Trust Company
from 1993 to 1996.
------------------------ ----------------- ------------------------
Francis P. Gaffney Treasurer Founders' Senior Vice
2930 East Third Avenue President -
Denver, Colorado 80206 Operations. Employed
Born: May 14, 1957 by Founders and its
predecessor companies
since 1994.
------------------------ ----------------- ------------------------
Andra C. Ozols Assistant Founders' Vice
2930 East Third Avenue Secretary President - Legal and
Denver, Colorado 80206 Assistant General
Born: May 19, 1961 Counsel. Employed by
Founders since October 1998.
Formerly Vice President and
General Counsel of Meridian
<PAGE>
PRINCIPAL
NAME, ADDRESS POSITION(S) OCCUPATION(S) DURING
AND DATE OF BIRTH HELD WITH FUND PAST FIVE YEARS
------------------------ ----------------- ------------------------
Investment Management, Inc.,
a registered investment
adviser from January 1998 to
October 1998. Employed by
Securities and Exchange
Commission 1990 to 1995 and
1996 to 1997.
------------------------ ----------------- ------------------------
Brian C. Szilagyi Assistant Founders' Manager of
2930 East Third Avenue Treasurer Fund Accounting since
Denver, Colorado 80206 February 1999.
Born: March 30, 1970 Formerly employed by
PricewaterhouseCoopers from
August 1992 to January 1999,
most recently as a Senior
Auditor.
------------------------ ----------------- ------------------------
As of December 28, 1999, the Company's directors and officers as a
group owned less than 1% of the outstanding shares of each Fund, with the
exception of the Money Market Fund, in which the ownership interests of
the group totaled 6.30%.
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 second full 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; Kevin S. Sonnett, Vice President; and
Tracy P. Stouffer, Vice President.
<PAGE>
The section of the Funds' Statement of Additional Information entitled
"Investment Adviser, Distributor and Other Service Providers - Distributor" is
hereby amended on pages 39-40 by replacing that section with the following:
DISTRIBUTOR
Dreyfus Service Corporation ("DSC"), located at 200 Park Avenue, New
York, New York 10166, serves as the Funds' distributor on a best efforts
basis. DSC is a wholly-owned subsidiary of The Dreyfus Corporation (an
affiliate of Founders). Since the Funds did not begin offering classes of
shares with sales charges until December 31, 1999, the distributor did not
receive any sales charges from Fund investors prior to that date. The
provisions for the continuation, termination and assignment of the Funds'
agreement with DSC are identical to those described above with regard to
the investment advisory agreement.
DSC may pay dealers a fee based on the amount invested through such
dealers in Class A, Class B, Class C, Class R or Class T shares by
employees participating in qualified or non-qualified employee benefit
plans or other programs where (i) the employers or affiliated employers
maintaining such plans or programs have a minimum of 250 employees
eligible for participation in such plans or programs or (ii) such plan's
or program's aggregate investment in the Funds, the Dreyfus Family of
Funds, the Dreyfus Premier Family of Funds, or certain other products made
available by DSC to such plans or programs exceeds $1,000,000 ("Eligible
Benefit Plans"). Generally, the fee paid to dealers will not exceed 0.50%
of the amount invested through such dealers. DSC, however, may pay dealers
a higher fee and reserves the right to cease paying these fees at any
time. DSC will pay such fees from its own funds, other than amounts
received from a Fund, including past profits or any other source available
to it.
DSC, at its expense, may provide promotional incentives to dealers that
sell shares of the Funds which are sold with a sales load. In some
instances, those incentives may be offered only to certain dealers who
have sold or may sell significant amounts of shares.
In addition, all other references to Premier Mutual Fund Services, Inc. as
the distributor of the Funds are hereby amended to refer to DSC.
The section of the Funds' Statement of Additional Information entitled
"Purchase of Shares - Class A Shares" is hereby amended on page 45 by deleting
the second full paragraph on that page.
<PAGE>
The section of the Funds' Statement of Additional Information entitled
"Purchase of Shares - Class T Shares" is hereby amended on page 46 by adding the
following paragraph as the third paragraph of that section:
Class T shares also may be purchased at net asset value, subject to
appropriate documentation, through a broker-dealer or other financial
institution with the proceeds from the redemption of shares of a
registered open-end management investment company not managed by Founders
or its affiliates. The purchase of Class T shares must be made within 60
days of such redemption and the shares redeemed must have been subject to
an initial sales charge or a contingent deferred sales charge.
This supplement supersedes the supplement dated March 1, 2000.
