M.S.B. FUND, INC.
SUPPLEMENT TO THE PROSPECTUS DATED MAY 1, 1999
SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION DATED MAY 1, 1999
THIS SUPPLEMENT DESCRIBES CERTAIN CHANGES CONCERNING THE FUND'S
ADMINISTRATOR, ACCOUNTING AGENT, TRANSFER AGENT AND CUSTODIAN, AND DESCRIBES
CERTAIN MODIFICATIONS TO THE FUND'S PROCEDURES FOR PURCHASING AND REDEEMING
SHARES OF THE FUND. THIS SUPPLEMENT SHOULD BE READ IN CONJUNCTION WITH THE
PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION OF THE FUND DATED MAY 1,
1999, AND SHOULD BE RETAINED FOR FUTURE REFERENCE.
The Fund has appointed BISYS Fund Services Ohio, Inc. ("BISYS") and The
Bank of New York ("BONY") to provide administration, fund accounting, transfer
agency and custodian services to the Fund. These services will replace the
services previously provided to the Fund by PFPC Inc. and PFPC Trust Company.
Effective August 1, 1999, BISYS, 3435 Stelzer Road, Columbus, Ohio 43219,
became the Fund's administrator and accounting agent pursuant to an
Administration Agreement and a Fund Accounting Agreement, each dated August 1,
1999. Pursuant to these agreements, BISYS will perform various administrative
and accounting services for the Fund, including (i) maintenance of books and
records, (ii) preparation of various filings, reports, statements and returns
filed with governmental authorities or distributed to shareholders of the Fund
and (iii) computation of the Fund's net asset value for purposes of sales and
redemptions of shares. Effective August 9, 1999, BISYS also will become the
Fund's transfer agent.
Effective July 30, 1999, BONY, One Wall Street, New York, NY 10286, became
the custodian of the Fund's securities and other investments and replaced PFPC
Trust Company in that capacity.
The fees payable to BISYS and BONY are substantially the same as the fees
that were payable under the Fund's prior agreements with PFPC and PFPC Trust
Company.
As a result of these changes, mailing addresses and wiring instructions for
making investments in the Fund will change. The table below sets forth
instructions for making investments in the Fund on or after August 9, 1999:
SHARE PURCHASE OPTIONS
FOR INVESTMENTS MADE ON OR AFTER AUGUST 9, 1999
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INITIAL PURCHASE SUBSEQUENT INVESTMENT
MINIMUM $250 ($50 for investors $50 ($25 for investments
INVESTMENT enrolling in the through the Automatic
Automatic Investment Plan) Investment Plan)
BY MAIL OR Complete and sign the Make your check payable to
OVERNIGHT application. Make your "M.S.B. Fund, Inc." and send
COURIER check payable to it to the address at the left.
"M.S.B. Fund, Inc." and Put your name, address and
send the completed M.S.B. Fund account number
application and check to: on your check. Subsequent
investment forms will be
By Mail: M.S.B. Fund, Inc. included with each shareholder
P.O. Box 182010 statement for your convenience
Columbus, OH convenience. Alternatively,
43218-2010 include a note giving your
M.S.B. Fund account number,
By Courier: M.S.B. Fund, Inc. your name and your address.
c/o BISYS Fund
Services
Attn: Shareholder
Services
3435 Stelzer Road
Columbus, OH 43219
BY TELEPHONE Telephone transactions If you want to make telephone
may not be used for initial transactions, call 800-661-3938
purchases, unless the investor to set up your account for this
is an institution. If you feature. All purchases made by
want to make telephone telephone must be paid by wire
transactions, call 800-661- transfer.
3938 to set up your
account for this feature. All
purchases made by telephone must
be paid by wire transfer.
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2
WIRE
INSTRUCTIONS Call 800-661-3938 to notify Follows the directions to the
the Fund that you intend to left.
purchase shares by wire
and to verify
wire instructions.
INSTITUTIONAL 1. Open an account by Follow the directions to the
INVESTORS -- submitting a completed left.
NEXT-DAY Account Application by
SETTLEMENT mail or overnight courier.
Authorize telephone
transactions on an
authorization form
available from the Fund.
2. Notify the Fund by
calling 800-661-3938
that you desire to
purchase shares with
next-day settlement.
3. Submit an order to
purchase shares either by
fax or telephone, indicating
the amount of the investment
or the number of shares you
desire to purchase. BE SURE
TO INDICATE ON THE ORDER THAT
NEXT-DAY SETTLEMENT IS SOUGHT.
If you are submitting the
purchase order by fax, call
800-661-3938 to notify the
Fund that you would like to
transmit a fax and to receive
the appropriate fax number.
4. Wire funds using the wire
instructions above. Immediately
available funds must be
received by 4:00 P.M. New York
City time on the next business
day after the order is
submitted or the order will be
canceled.
AUTOMATIC Complete the Account Follow the directions to the
INVESTMENT Application which may be left.
obtained separately from
the Fund. Send the completed
applications and a voided
personal check to the Fund
at the address provided above
for delivery by mail or
overnight courier. Allow up
to one month for processing
of your application.
PAYROLL See your employer for See your employer for
DEDUCTION information. information.
PLANS
TO OBTAIN Call the Fund at 800-982-1846. Call the Fund at 800-982-1846.
ACCOUNT
APPLICATIONS
AND OTHER FORMS
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REDEMPTION REQUESTS
As of August 9, 1999, you should direct redemption requests by mail to
M.S.B. Fund, Inc., P.O. Box 182010, Columbus, OH 43218-2010. Redemption requests
sent by overnight courier should be sent to M.S.B. Fund, Inc., c/o BISYS Fund
Services, Attn: Shareholder Services, 3435 Stelzer Road, Columbus, OH 43219. All
other procedures for the redemption of Fund securities will not be affected and
will remain the same.
THE DATE OF THIS SUPPLEMENT IS AUGUST 6, 1999.
