Rule 497(e)
File Nos. 2-25383 and 811-1383
BERGER FUNDS
SUPPLEMENT DATED SEPTEMBER 30, 1999
to
PROSPECTUS DATED JULY 6, 1999
REDUCTION IN MANAGEMENT FEE AND ADMINISTRATIVE SERVICES
FEE
Effective October 1, 1999, the management fee for
each of the following Berger Funds will be reduced to the
annual rate shown, as a percentage of the Fund's average
daily net assets:
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FUND MANAGEMENT FEE
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Berger 100 Fund 0.75% of the first $500
million; 0.70% of the
Berger Growth and Income next $500 million;0.65%
Fund of assets in excess of $1
billion
Berger Mid Cap Growth Fund
Berger Mid Cap Value Fund
Berger Select Fund
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Berger Small Company Growth 0.85% of the first $500
Fund million; 0.80% of the
next $500 million; 0.75%
Berger New Generation Fund of assets in excess of $1
billion
Berger Small Cap Value Fund
Berger Information Technology
Fund
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Berger Balanced Fund 0.70% of the first $1
billion; 0.65% of assets
in excess of $1 billion
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In addition, Berger Associates has agreed to provide
administrative services for each of these Funds for no
fee. In the past, these Funds paid Berger Associates a
fee of 0.01% of net assets per year. Berger will
continue providing the same administrative services it
currently provides to each of these Funds.
BERGER LLC
Also, effective September 30, 1999, Berger
Associates, Inc., transferred its operating assets and
business to Berger LLC, a subsidiary of Berger
Associates, Inc. Accordingly, Berger LLC now serves as
investment advisor and administrator, or as sub-
administrator, to all the Berger Funds instead of Berger
Associates, Inc. Berger LLC also now owns the 50% joint
venture interest in BBOI Worldwide LLC, investment
advisor to the Berger/BIAM International Portfolio, that
was previously owned by Berger Associates, Inc. These
changes did not result in any change to the investment
objective or principal investment strategies of any of
the Berger Funds, or in any change to the portfolio
managers responsible for managing the Funds' investments
on a day-to-day basis.
