Supplement Dated October 1, 2000 to the
Quant Funds Prospectus Dated August 1, 2000
The section of the Prospectus entitled "Management of the
Funds" under the heading "The Manager and the Advisors" and
the subheading "Quant International Equity Fund and Quant
Emerging Markets Fund" on page 10 is replaced by the
following paragraphs:
Quant International Equity Fund
State Street Global Advisors, Two International Place,
Boston, MA 02110, a unit of State Street Bank and
Trust Company ("State Street"), serves as Advisor to
the International Equity Fund. State Street is a
wholly owned subsidiary of State Street Boston
Corporation, a publicly owned bank holding company.
State Street manages over $150 billion in assets for
employee benefit plans, endowment funds and
individuals. The Growth and Income Fund has been
managed continuously by the Matrix Equity Group at
State Street since the Fund'sfund's inception. The
International Equity Fund is being managed by Edward
Allinson, CFA. Prior to joining State Street, Mr.
Allinson was employed by Brown Brothers Harriman
("BBH") as a Senior Portfolio Manager, managing
pension, endowment and mutual fund assets. Prior to
BBH, Mr. Allinson worked at First Pacific Securities
("First Pacific") as Assistant Director in
Institutional Asian equity sales and prior First
Pacific, Mr. Allinson was a portfolio manager for
Citibank's Domestic Private Banking Group.
Quant Emerging Markets Fund
Independence International Associates, Inc., 53 State
Street, Boston, MA 02109, formerly Boston
International Advisors, Inc. ("Independence
International"), serves as Advisor to the Emerging
Markets Fund. The firm presently has over $2 billion
in assets under management in international portfolios
of pension and endowment funds, among others. Dennis
Fogarty manages the Emerging Markets Fund. Mr. Fogarty
joined Boston International Advisors, predecessor to
Independence International, in 1988 to work on asset
allocation strategies for developed markets.
Independence International is wholly owned by
Independence Investment Associates, Inc., a Delaware
corporation.
Supplement Dated October 1, 2000 to the Quant Funds
Statement of Additional Information Dated August 1, 2000
The section of the Statement of Additional Information
entitled "Management of the Funds" under the heading
"Advisory Contracts" and the subheading "Quantitative
International Equity Fund and Quantitative Emerging Markets
Fund" on page 10 is replaced by the following paragraphs:
Quantitative International Equity Fund
State Street Global Advisors, Two International Place,
Boston, MA 02110, a unit of State Street Bank and Trust
Company ("State Street"), serves as Advisor to the
International Equity Fund. State Street is a wholly
owned subsidiary of State Street Boston Corporation, a
publicly owned bank holding company. State Street
manages over $150 billion in assets for employee
benefit plans, endowment funds and individuals. Mr.
Edward Allinson, CFA is managing the International
Equity Fund. Mr. Allinson is a principal at State
Street and is the Lead Portfolio Manager for the
International Growth Opportunities Strategy within the
Global Fundamental Strategies group. Prior to joining
State Street in 1999, Mr. Allinson worked at Brown
Brothers Harmon as a Senior Portfolio Manager, at First
Pacific Securities as an Assistant Director in
Institutional Asian equity sales and as a portfolio
manager at Citibank's Domestic Private Banking Group.
Marshall Carter, Savid Spina, Tenley Albright, David
Gruber, I. MacAllister Booth, John M. Kucharshi, James
I. Cash Jr., Charles R. LaMantia, Truman S. Casner,
David Perini, Nader Darehshori, Dennis J. Picard,
Arthur L. Goldstein, and David Chapman Walsh are
Directors of State Street Global Advisors and are
therefore considered control persons.
Quantitative Emerging Markets Fund
Independence International Associates, Inc., 53 State
Street, Boston, MA 02109, formerly Boston
International Advisors, Inc. ("Independence
International"), serves as Advisor to the Emerging
Markets Fund. The firm presently has over $2 billion
in assets under management in international portfolios
of pension and endowment funds, among others. Dennis
Fogarty manages the Emerging Markets Fund. Mr. Fogarty
joined Boston International Advisors, predecessor to
Independence International, in 1988 to work on asset
allocation strategies for developed markets.
Independence International is wholly owned by
Independence Investment Associates, Inc., a Delaware
corporation. John Hancock Mutual Life Insurance Co.,
John Hancock Financial Services, Inc., Mark Charles
Lapman and Bradford Scot Greenleaf are control persons
of Independence International Associates, Inc.
(10/01/2000)
