MERCANTILE MUTUAL FUNDS
September 28, 2000
Supplement to the Prospectus dated March 31, 2000
INSTITUTIONAL SHARES
We are pleased to announce the following portfolio manager appointments:
The paragraph labeled "Portfolio Manager" on page 43 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 Manager 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.
