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STONEBRIDGE AGGRESSIVE GROWTH FUND, INC
SUPPLEMENT TO PROSPECTUS DATED FEBRUARY 28, 1997
Effective August 1, 1997, the Fund's Investment Advisory Agreement with
Stonebridge Capital Management has been changed as authorized by the
stockholders of the Fund at their meeting held on July 23, 1997. Pursuant to
the Investment Advisory Agreement, the Adviser receives an advisory fee from the
Fund at the annual rate of 1.00% of the Fund's average daily net assets. The
Adviser has agreed that it will limit the overall annual expenses of the Fund to
2.90% of average annual net assets for the current fiscal year and all future
fiscal years through October 31, 2002: any unreimbursed Fund expenses borne by
the Adviser in any fiscal year pursuant to this limitation will be reimbursed
to the Adviser during the current or any future fiscal year if, after the
reimbursement, the expenses of the Fund for such year are less than 2.90% of
its average net assets.
As a result, the annual operating expenses of the Fund for its fiscal
year ended October 31, 1997 are expected to be as follows:
ANNUAL FUND OPERATING EXPENSES
(as a percentage of average net assets,
after expense deferrals)
Management Fees 1.00%
12b-1 Fees none
Other Expenses 1.90%
Total Fund Operating Expenses 2.90%
EXAMPLE
You would pay the following total fees and
expenses on a $1,000 investment, assuming
(1) 5% annual return* and (2) redemption
at the end of each time period: 1 YEAR 3 YEARS 5 YEARS 10 YEARS
------ ------- ------- --------
Pro forma $29 $91 $155 $326
* Use of this assumed annual return is mandated by the Securities and
Exchange Commission and is not intended to be an illustration of past or future
investment results.
The Distributor of the Fund has been changed to ALPS Mutual Funds Services,
Inc. ("ALPS"), 370 17th Street, Denver, Colorado 80202. ALPS has also been
retained as the Fund's Administrator. In addition, the Custodian of the Fund
has been changed to Fifth Third Bank, Fifth Third Center, Cincinnati, Ohio
45263. Fifth Third Bank has also been retained as the Fund's Accounting Agent.
The Fund's new address is 370 17th Street, Suite 2700, Denver, Colorado
80202 (phone 800/639-3935).
DATE: SEPTEMBER 12, 1997
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STONEBRIDGE AGGRESSIVE GROWTH FUND, INC.
SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION DATED FEBRUARY 28, 1997
All NIF employees have been removed as officers of the Fund and the
officers of the Fund have been changed as follows:
Craig B. Burger has been elected as a Vice President of the
Fund. Mr. Burger (age 40), 1801 Century Park East, Suite
1800, Los Angeles, California, 90067, has been a Senior Vice
President of the Adviser since November, 1996. He was
formerly Vice president of Churchill Management Group, Inc.
in Los Angeles, California, following a position as an
Investment Banking Associate at J. D. Whitehead and
Associates, Inc. in Pasadena, California. He also serves as
a Vice President of Stonebridge Growth Fund, Inc.
Chad S. Christensen has been elected as a Vice President of
the Fund. Mr. Christensen (age 27), 370 17th Street, Suite
2700, Denver, Colorado 80202, has been Fund Controller of
ALPS Mutual Fund Services, Inc. ("ALPS") since March 1996.
He was formerly Senior Accountant for Ernst and Young LLP in
Denver, Colorado following a position as auditor for KPMG Peat
Marwick LLP in Dallas, Texas. He is also Vice President of
Stonebridge Aggressive Growth Fund, Inc. and Assistant Treasurer
of Westcore Fund Trust.
James V. Hyatt has been elected as Secretary of the Fund.
Mr. Hyatt (age 46) has been General Counsel of ALPS since
September 1995. He was formerly Senior Legal Counsel for
FMR Corp and counsel to Fidelity Management Trust Company.
He is also Secretary of Stonebridge Growth Fund, Inc. and
First Funds Trust and Assistant Secretary of Financial
Investors Trust.
The Custodian of the Fund has been changed to Fifth Third Bank, Fifth Third
Center, Cincinnati, Ohio 45263.
The Fund's new address is 370 17th Street, Suite 2700, Denver, Colorado
80202 (phone 800/639-3935)
DATE: SEPTEMBER 12, 1997
