ASSET MANAGEMENT FUND, INC.
SUPPLEMENT TO PROSPECTUS DATED MARCH 1, 1999
CHANGE OF ADMINISTRATOR, TRANSFER AGENT, AND CUSTODIAN
Effective July 30, 1999, the Fund changed its Custodian to Bank of New York
("BONY"), and BISYS Fund Services Ohio, Inc. ("BISYS") became Administrator of
the Fund. Effective September 11, 1999, the Fund will change Transfer Agent to
BISYS. BISYS is located at 3435 Stelzer Road, Columbus, Ohio 43219 and BONY is
located at One Wall Street, New York, New York 10286.
The Board of Directors and management of the Fund believe that the new
arrangements will be beneficial to the Fund. In general, operations will remain
the same following the change in service providers, with the exception of the
following:
SHARE PURCHASES
- ---------------
- - Purchase orders are accepted by the Distributor at (800)527-3173 on each
Business Day, which is each day on which the Adviser and BONY are open for
business.
- - Wire transfer instructions for federal funds should be as follows:
BANK OF NEW YORK
NEW YORK, NY
ABA #021 000 018
REF: ACCOUNT NUMBER 8900403195
PURCHASE OF: (AMF MONEY MARKET, SHORT U.S. GOVERNMENT, ADJUSTABLE RATE
MORTGAGE (ARM), INTERMEDIATE MORTGAGE, OR U.S. GOVERNMENT MORTGAGE)
AMOUNT: $(AMOUNT TO BE INVESTED)
WRITTEN REQUESTS
- ----------------
- - If share certificates have been issued, in order to redeem such shares,
the properly endorsed and guaranteed certificates must be received by BISYS
before the redemption will be effected.
CHANGE IN ADVISORY FEE AND DISTRIBUTION FEE WAIVERS (MONEY MARKET PORTFOLIO)
Effective October 1, 1999, the Adviser will terminate its fee waiver of the
entire advisory fee, 0.15% of average daily net assets; at the same time, the
Distributor will institute a waive of its entire 12b-1 Fee, also 0.15% of
average daily net assets, on the existing or I Shares Class of the Money Market
Portfolio. Because of the offsetting nature of these changes in waivers, there
will be no net effect on the total fund operating expenses actually experienced
by existing shareholder. These changes coincide with the introduction of an
additional class of shares, the D Shares Class, of the Money Market Portfolio.
Date of Supplement: August 2, 1999
