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RSI RETIREMENT TRUST
SUPPLEMENT DATED JULY 14, 2000
TO PROSPECTUS DATED JANUARY 28, 2000
Effective July 17, 2000, James P. Coughlin, President and Chief Investment
Officer of Retirement System Investors Inc. will become portfolio manager of the
Value Equity Fund, as a result of the resignation of the present portfolio
manager, Chris R. Kaufman. Mr. Coughlin will also continue to serve as portfolio
manager for the Core Equity Fund.
As a result of the foregoing, the paragraph on page 22 of the Prospectus
discussing the portfolio manager of the Value Equity Fund is restated to read as
follows:
VALUE EQUITY FUND: MR. JAMES P. COUGHLIN, President and Chief
Investment Officer of RSI was portfolio manager of the Value Equity Fund
during April 1995 and May 1995 when he was joined by Chris R. Kaufman as
co-manager. Mr. Kaufman solely managed the fund from January 1997 until
his resignation, effective July 17, 2000, at which time Mr. Coughlin
again assumed portfolio management of the Value Equity Fund.
Mr. Coughlin's background and experience are described above under CORE
EQUITY FUND.
