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CONNING MONEY MARKET PORTFOLIO
of
Mercantile Mutual Funds, Inc.
Supplement dated January 6, 2000
to Prospectus dated November 6, 1999
Change in Control of Sub-Adviser
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Conning Asset Management Company ("Conning"), sub-adviser to the Conning
Money Market Portfolio (the "Portfolio"), is an indirect subsidiary of
GenAmerica Corporation ("GenAmerica"). On January 6, 2000, Metropolitan Life
Insurance Company ("MetLife") acquired all of the outstanding stock of
GenAmerica, as a result of which Conning is also an indirect subsidiary of
MetLife. This transaction constituted an assignment of, and automatically
terminated, the existing Sub-Advisory Agreement between Mississippi Valley
Advisors Inc. ("MVA") and Conning with respect to the Portfolio. On January 6,
2000, MVA and Conning entered into a new Sub-Advisory Agreement with respect to
the Portfolio, which had been approved by the Board of Directors of Mercantile
Mutual Funds, Inc. at a meeting held on October 19, 1999, subject to approval by
shareholders of the Portfolio. This action was in accordance with the terms and
conditions of an exemptive order issued by the Securities and Exchange
Commission permitting Conning to continue to act as sub-adviser to the Portfolio
under the new Sub-Advisory Agreement until approval of the Agreement by
shareholders of the Portfolio.
A Special Meeting of Shareholders of the Portfolio has been scheduled for
January 21, 2000 to consider and vote on the new Sub-Advisory Agreement.
Shareholders of record of the Portfolio as of the close of business on November
19, 1999 are entitled to notice of, and to vote at, the Special Meeting.
