ZURICH MONEY FUNDS
Zurich Money Market Fund
Zurich Government Money Fund
Zurich Tax-Free Money Fund
Supplement to Statement of Additional Information
Dated December 1, 1999
ZURICH YIELDWISE FUNDS
Zurich YieldWise Money Fund
Zurich YieldWise Government Money Fund
Zurich YieldWise Municipal Money Fund
Supplement to Statement of Additional Information
Dated December 1, 1999
The above-listed Funds' non-fundamental investment restrictions have been
amended by a vote of the Board of Trustees for each Fund. The following amended
and restated non-fundamental policies restate in their entirety the
non-fundamental restrictions for each Fund in the section entitled "Investment
Restrictions" in each of the currently effective Statements of Additional
Information. In addition, any reference to these policies elsewhere in the
Statement of Additional Information is hereby amended.
As a matter of non-fundamental policy, each Fund will not:
o Borrow money in an amount greater than 5% of its total assets, except for
temporary or emergency purposes.
o Lend portfolio securities in an amount greater than 5% of its total assets.
o Invest more than 10% of net assets in illiquid securities.
Date
