MERCANTILE MUTUAL FUNDS
September 28, 2000
Supplement to the Prospectus dated March 31, 2000
INVESTOR SHARES STOCK PORTFOLIOS
Balanced Portfolio
Equity Income Portfolio
Equity Index Portfolio
Growth & Income Equity Portfolio
Growth Equity Portfolio
Small Cap Equity Portfolio
Small Cap Equity Index Portfolio
International Equity Portfolio
We are pleased to announce the following portfolio manager appointments:
The paragraph labeled "Portfolio Manager" on page 26 is replaced with the
following:
David Lettenberger, CFA, and John Potter, CFA co-manage the Small Cap Equity
Portfolio. Mr. Lettenberger is a Vice President and Portfolio Manager with
FIRMCO and has been with FIRMCO and its affiliates since 1999. He has seven
years of investment management experience and has managed the Portfolio since
September, 2000. Mr. Potter is a Vice President and Portfolio Manger with FIRMCO
and has been with FIRMCO and its affiliates since September, 2000. He has six
years of investment management experience and has managed the Portfolio since
September, 2000.
