Supplement Dated November 9, 2000 to the Quant Funds
Statement of Additional Information Dated August 1, 2000
The last sentence of the section entitled "Management of the
Funds" under the heading "Transfer Agent" on page 11 is
replaced by the following text:
For its services, prior to October 1, 2000 the Transfer
Agent received a base fee at an annual rate of 0.13% of the
aggregate average daily net asset value for each class of
shares of each Fund, as of October 1, 2000, the Trustees
approved an increase in this fee of 3 basis points to a
total base fee of 0.16%. The Transfer Agent is also
reimbursed for out of pocket expenses and for other services
approved by the Trustees.
(11/09/2000)
