Rule 497(e)
SEC File No. 002-85378
Rule 482 ad
TWO NEW FLEX-FUNDS FOR 2000
THE DYNAMIC GROWTH FUND
THE AGGRESSIVE GROWTH FUND
Introducing THE DYNAMIC GROWTH FUND and THE AGGRESSIVE GROWTH FUND
EXPANDING THE INVESTMENT OPPORTUNITIES AVAILABLE IN THE FLEX-FUNDS FAMILY OF
MUTUAL FUNDS.
The Flex-funds are pleased to announce the addition of THE DYNAMIC GROWTH FUND
and THE AGGRESSIVE GROWTH FUND to our family of no-load mutual funds.
Both funds originate from private-account portfolios we have managed for clients
of R. Meeder & Associates - the investment advisor of The Flex-funds - since
1995. (A summary of the performance of these accounts is included on page 2.)
Both funds employ R. Meeder's STRATEGIC FUND SELECTION discipline to seek out
opportunities for strong equity returns in the prevailing market environment.
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THE DYNAMIC GROWTH FUND THE AGGRESSIVE GROWTH FUND
seeks growth of capital through seeks growth of capital through
investment primarily in other investment primarily in more
growth-oriented equity mutual funds. aggressive equity mutual funds.
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STRATEGIC FUND SELECTION combines R. Meeder's technical and fundamental analysis
to identify those market sectors (such as technology or energy) or investment
styles (such as growth or value) that we believe have the greatest potential for
growth in the current market environment. The Funds may invest in smaller or
less established companies, or companies in newer or developing industries,
which are more likely to experience rapid growth but also significant losses
than larger or more established companies or industries. The Funds may also
focus on the technology sector, which has historically involved greater risk
than the broad equity market in exchange for the opportunity for greater
returns. The Dynamic Growth Fund and The Aggressive Growth Fund are best for
investors with long-term investment goals and a higher tolerance for risk and
volatility.
For a prospectus and more information about The Dynamic Growth Fund and The
Aggressive Growth Fund, including fees and expenses that apply to a continued
investment in the Funds, please call The Flex-funds Shareholder Services at
(800)325-FLEX. Read the prospectus carefully before investing.
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Please send me a prospectus and more information on Three ways to get
THE DYNAMIC GROWTH FUND and THE AGGRESSIVE GROWTH FUND a Prospectus and
more information
about The Dynamic
- ------------------------------------------------------ Growth Fund and The
Name Aggressive Growth
Fund...
- ------------------------------------------------------ COMPLETE THE ATTACHED
Address PREPAID POSTCARD
VISIT OUR WEBSITE @
- ------------------------------------------------------ WWW.FLEXFUNDS.COM
City State Zip
CALL SHAREHOLDER
SERVICES AT
- ------------------------------------------------------ (800)325-FLEX
Telephone Number
- ------------------------------------------------------
Email Address
Please check one of the following:
___ A am currently a Flex-funds investor.
___ I am not yet a Flex-funds investor. THE FLEX-FUNDS
<PAGE>
PAST PERFORMANCE OF PRIVATE ACCOUNTS
MEEDER ASSET
MANAGEMENT, INC. MORNINGSTAR'S
GROWTH ACCOUNTS AVERAGE
YEAR COMPOSITE S&P 500(1) GROWTH FUND(2)
- ---- --------------- --------- --------------
1995 25.88% 37.53% 31.47%
1996 13.90% 22.95% 19.93%
1997 20.75% 33.35% 24.92%
1998 28.20% 28.58% 20.25%
1999 57.56% 21.04% 29.92%
MEEDER ASSET
MANAGEMENT, INC. MORNINGSTAR'S
AGGRESSIVE AVERAGE
GROWTH ACCOUNTS AGGRESSIVE
YEAR COMPOSITE S&P 500(1) GROWTH FUND(2)
- ---- --------------- ---------- --------------
1995 24.02% 37.53% 36.81%
1996 11.72% 22.95% 13.86%
1997 18.05% 33.35% 16.90%
1998 31.98% 28.58% 16.41%
1999 70.93% 21.04% 60.18%
PURPOSE OF PAST PERFORMANCE. The performance information below is provided to
show the past performance of the adviser in managing substantially similar
accounts to the Growth Mutual Fund Portfolio and the Aggressive Growth Mutual
Fund Portfolio, and to measure the past performance against a market index, the
S&P 500 Composite Stock Price Index, and against peer fund indexes,
Morningstar's Average Growth Fund Index and Morningstar's Average Aggressive
Growth Fund Index, respectively.
WHAT PAST PERFORMANCE DOES NOT REPRESENT. THE PAST PERFORMANCE SHOWN BELOW DOES
NOT REPRESENT THE PERFORMANCE OF THE GROWTH MUTUAL FUND PORTFOLIO OR THE DYNAMIC
GROWTH FUND, OR THE AGGRESSIVE GROWTH MUTUAL FUND PORTFOLIO OR THE AGGRESSIVE
GROWTH FUND. You should not consider the past performance shown below as an
indication of the future performance of the Growth Mutual Fund Portfolio or the
Dynamic Growth Fund, or the Aggressive Growth Portfolio or the Aggressive Growth
Fund.
SIMILAR ACCOUNTS. Mr. Voelker served as the adviser's portfolio manager for
privately managed accounts having investment goals, policies, strategies and
risks substantially similar to those of the Growth Mutual Fund Portfolio and the
Dynamic Growth Fund, and the Aggressive Growth Mutual Fund Portfolio and the
Aggressive Growth Fund. Substantially all of the assets of these privately
managed accounts have invested in mutual funds.
CALCULATION OF PAST PERFORMANCE. All returns presented were calculated on a
total return basis and include all dividends and interest, accrued income and
realized and unrealized gains and losses. All returns reflect the deduction of
investment advisory fees, brokerage commissions and execution costs paid by the
private accounts without providing for federal or state income taxes. Custodial
fees, if any, were not used to reduce performance returns. The adviser's
composite includes all actual, fee paying, discretionary, private accounts
managed by the adviser that have investment objectives, policies, strategies and
risks substantially similar to those of the Growth Mutual Fund Portfolio and the
Dynamic Growth Fund, and the Aggressive Growth Mutual Fund Portfolio and the
Aggressive Growth Fund. Cash and equivalents are included in performance
returns. The yearly returns of the adviser's composite combine the individual
accounts' returns by asset-weighting each individual account's asset value as of
the beginning of each quarter. The yearly returns are computed by linking the
returns of each quarter within the calendar year.
DIFFERENCES IN REGULATION. The private accounts that are included in the
adviser's composite are not subject to the same types of expenses to which the
Growth Mutual Fund Portfolio or the Dynamic Growth Fund, or the Aggressive
Growth Mutual Fund Portfolio or the Aggressive Growth Fund are subject nor to
the diversification requirements, specific tax restrictions and investment
limitations imposed on the Growth Mutual Fund Portfolio and the Dynamic Growth
Fund, or the Aggressive Growth Mutual Fund Portfolio and the Aggressive Growth
Fund by federal securities laws governing mutual funds and tax laws.
Consequently, the performance results for the adviser's composite could have
been adversely affected if the private accounts included in the composite had
been regulated as mutual funds under the federal securities laws.
The investment results of the adviser's composite presented below are unaudited
and not intended to predict or suggest the returns that might be experienced by
the Growth Mutual Fund Portfolio or the Aggressive Growth Mutual Fund Portfolio
or that you might experience by investing in the Dynamic Growth Fund or the
Aggressive Growth Fund. You should also be aware that the SEC uses a method
different from that used below to calculate mutual fund performance, which could
result in different performance returns.
(1) The S&P 500 Index is an unmanaged index containing common stocks of 500
industrial, transportation, utility and financial companies, regarded as
generally representative of the U.S. stock market. The Index reflects the
reinvestment of income dividends and capital gain distributions, if any, but
does not reflect fees, brokerage commissions, or other expenses of investing.
(2) An index of mutual funds, such as Morningstar's Average Growth Fund Index or
Morningstar's Average Aggressive Growth Fund Index, includes a number of mutual
funds grouped by investment objective. Each of those funds interprets that
objective differently, and each employs a different management style and
investment strategy.
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Three ways to get a Prospectus
and more information about The
Dynamic Growth Fund and The
Aggressive Growth Fund...
COMPLETE THE ATTACHED
PREPAID POSTCARD
BUSINESS REPLY CARD
VISIT OUR WEBSITE @
WWW.FLEXFUNDS.COM
CALL SHAREHOLDER SERVICES AT
(800)325-FLEX
THE FLEX-FUNDS
