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Rule 497(e) File Nos. 2-90518 and 811-4006
Supplement
DATED JULY 14, 2000 TO
PROSPECTUS DATED MARCH 1, 2000
CITIFUNDS(R) BALANCED PORTFOLIO
On July 13, 2000, the Board of Trustees of CitiFunds Balanced Portfolio
approved an agreement and plan of reorganization between CitiFunds Balanced
Portfolio and Smith Barney Balanced Fund. The agreement and plan of
reorganization is subject to approval by shareholders of CitiFunds Balanced
Portfolio.
In addition, after September 11, 2000, exchanges into CitiFunds previously
available for exchange will no longer be allowed. You will, however, have the
opportunity to exchange your fund shares at any time after that date for
shares of any Smith Barney fund made available by your Service Agent. No sales
charge will be imposed on those exchanges.
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Rule 497(e) File Nos. 2-90518 and 811-4006
Supplement
DATED JULY 14, 2000 TO
PROSPECTUS DATED MARCH 1, 2000
CITISELECT(R) FOLIO 100 INCOME
CITISELECT(R) FOLIO 200 CONSERVATIVE
CITISELECT(R) FOLIO 300 BALANCED
CITISELECT(R) FOLIO 400 GROWTH
CITISELECT(R) FOLIO 500 GROWTH PLUS
CITISELECT FOLIO 100 INCOME
CitiSelect Folio 100 Income is no longer accepting purchase orders for its
shares and will be liquidated no later than September 8, 2000. In order to
achieve an orderly liquidation, the fund's assets will be converted into cash
and money market securities commencing not later than August 14, 2000. After
that conversion, the fund will no longer be pursuing its stated investment
objective.
You may redeem your shares in the fund at any time without redemption fees,
and, if you are a Class B shareholder, imposition of any contingent deferred
sales charge will be waived. You may exchange your fund shares at any time
prior to the liquidation for shares of any Smith Barney fund made available by
your Service Agent. No sales charge will be imposed on those exchanges.
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CITISELECT FOLIO 200 CONSERVATIVE
CITISELECT FOLIO 300 BALANCED
CITISELECT FOLIO 400 GROWTH
CITISELECT FOLIO 500 GROWTH PLUS
On July 13, 2000, the Board of Trustees of CitiSelect Folio 200 Conservative,
CitiSelect Folio 300 Balanced, CitiSelect Folio 400 Growth, and CitiSelect
Folio 500 Growth Plus approved agreements and plans of reorganization between
each CitiSelect Portfolio and the corresponding Smith Barney fund listed in
the table below.
CITISELECT PORTFOLIO ACQUIRING SMITH BARNEY FUND
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CitiSelect Folio 200 Conservative Smith Barney Balanced Fund
CitiSelect Folio 300 Balanced Smith Barney Balanced Fund
CitiSelect Folio 400 Growth Smith Barney Premium Total Return Fund
CitiSelect Folio 500 Growth Plus Smith Barney Fundamental Value Fund
The agreements and plans of reorganization are subject to approval by
shareholders of the reorganizing CitiSelect Portfolios.
In addition, after September 11, 2000, exchanges into CitiFunds previously
available for exchange will no longer be allowed. You will, however, have the
opportunity to exchange your fund shares at any time after that date for
shares of any Smith Barney fund made available by your Service Agent. No sales
charge will be imposed on those exchanges.
