THE LUTHERAN BROTHERHOOD FAMILY OF FUNDS
Supplement to Prospectus Dated
December 20, 1999
Relating to Institutional Class Shares
1. The text of footnote 2 to the table of Annual Fund Operating Expenses
for Lutheran Brotherhood Growth Fund on page 9 is deleted and the following
text is substituted in its place:
LB Research has voluntarily agreed to temporarily waive a portion of
its advisory fee and, if necessary, to bear certain expenses associated
with operating LB Growth Fund in order to limit the Total Annual Fund
Operating Expenses for Class A shares to 1.30% of the average net
assets and to waive the same percentage of advisory and such other
expenses for Institutional Class shares. This temporary waiver and
expense provision may be discontinued at any time.
2. The text of footnote 2 to the table of Annual Fund Operating Expenses
for Lutheran Brotherhood Value Fund on page 13 is deleted and the following
text is substituted in its place:
LB Research has voluntarily agreed to temporarily waive a portion of
its advisory fee and, if necessary, to bear certain expenses associated
with operating LB Value Fund in order to limit the Total Annual Fund
Operating Expenses for Class A shares to 1.30% of the average net
assets and to waive the same percentage of advisory and such other
expenses for Institutional Class shares. This temporary waiver and
expense provision may be discontinued at any time.
3. The text of footnote 2 to the table of Annual Fund Operating Expenses
for Lutheran Brotherhood Limited Maturity Bond Fund on page 21 is deleted
and the following text is substituted in its place:
LB Research has voluntarily agreed to temporarily waive a portion of
its advisory fee and, if necessary, to bear certain expenses associated
with operating LB Limited Maturity Bond Fund in order to limit the
Total Annual Fund Operating Expenses for Class A shares to 0.95% of the
average net assets and to waive the same percentage of advisory and
such other expenses for Institutional Class shares. This temporary
waiver and expense provision may be discontinued at any time.
March 31, 2000
PLEASE INCLUDE THIS SUPPLEMENT WITH YOUR PROSPECTUS
