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RSI RETIREMENT TRUST
SUPPLEMENT DATED APRIL 26, 1999
TO PROSPECTUS DATED JANUARY 1, 1999
At the Annual Meeting of Unitholders held on April 26, 1999 (the "Annual
Meeting"), unitholders approved the following proposals described in the
Supplement dated February 24, 1999 to the Prospectus dated January 1, 1999: (i)
portfolio management by Retirement System Investors Inc. ("Investors") of a
portion of the Emerging Growth Equity Fund; (ii) a new investment sub-advisory
agreement between Investors and Bank of Ireland Asset Management (U.S.) Limited
for portfolio management of the International Equity Fund; and (iii) a new
investment management agreement between RSI Retirement Trust and Investors for
management of the International Equity Fund.
At the Annual Meeting, unitholders also approved an amendment to the
investment management agreement between RSI Retirement Trust and Investors with
respect to the Value Equity Fund, under which the following management fee shall
be paid to Investors, effective May 1, 1999:
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.60% on the first $10 million,
.50% on the next $10 million,
.40% on the next $20 million, and
.30% over $40 million of the average daily net
assets of the Value Equity Fund under management.
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