Supplement Dated June 1, 2000 to the
Quant Funds Prospectus Dated August 1, 1999
The section of the Prospectus entitled "Summary of Fees and
Expenses on page 5 is hereby amended to add the following
paragraph at the end of note (1):
HOWEVER, Effective June 1, 2000, a 1.00% redemption fee
will be imposed on redemptions from the Mid Cap Fund
within the first 60 days after investment if the
investment account was opened online through the use of
the Quant funds web site. Unlike the deferred sales
charge which is paid to U.S. Boston Capital
Corporation, the funds' distributor, the 1.00%
redemption fee collected from the redeemed shares of
the Mid Cap Fund will be paid into the Mid Cap Fund.
The section of the Prospectus entitled "How to Invest" under
the heading "Classes of Shares" on page 11 is hereby amended
to add the following note (1) to the Mid Cap row of the
deferred sales charge chart:
(1) The deferred sales charge is not imposed on
redemptions of Ordinary Shares of the Mid Cap Fund
purchased on or after August 1, 1996, nor through
reinvestment of dividends on shares purchased before
such date, HOWEVER, Effective June 1, 2000, a 1.00%
redemption fee will be imposed on redemptions from the
Mid Cap Fund within the first 60 days after investment
if the investment account was opened online through the
use of the Quant funds web site. Unlike the deferred
sales charge which is paid to U.S. Boston Capital
Corporation, the funds' distributor, the 1.00%
redemption fee collected from the redeemed shares of
the Mid Cap Fund will be paid into the Mid Cap Fund.
The section of the Prospectus entitled "Distributor and
Distribution Plan" under the heading "Ordinary Shares" on
page 12 is hereby amended to add the following text as the
first sentence:
The minimum initial investment is $500.00 per fund for
investments made though the Quant Funds website at
http://www.quantfunds.com/ from June 1, 2000 though
January 1, 2001.
(06/01/2000)
