Supplement to the Quantitative Group
of Funds August 1, 1999 Statement of
Additional Information
The following information has been added to the
paragraph entitled Performance Measures on page 27.
MUTUAL FUNDS MAGAZINE, INC. publishes mutual
fund rankings and is distributed monthly.
Mutual Funds Magazine's proprietary All-Star
Ratings reflect historical risk-adjusted
performance through a specific date and are
subject to change. Overall ratings are
calculated from the fund's total return, with
load-adjustments if applicable, relative to the
volatility of its price fluctuations, over a
minimum of two years and a maximum of ten years.
Separate All-Star Ratings are also calculated
for 1-, 3-, 5-, and 10-year periods, as
applicable. For all periods, the 20% of funds
with the highest risk-adjusted returns receive
Five Stars; the next highest 20% receive Four
Stars, the next highest 20% receive Three Stars,
etc.
(9/8/99)
