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RSI RETIREMENT TRUST
SUPPLEMENT DATED APRIL 28, 2000
TO PROSPECTUS DATED JANUARY 28, 2000
At the Annual Meeting of Unitholders held on April 28, 2000, unitholders
approved an amendment to the investment management agreement with respect to the
Value Equity Fund, effective May 1, 2000. The amended agreement raised the
minimum rate of advisory fee from .30% to .40% and raised the breakpoints (net
assets under management) at which the fee is stepped down from the maximum .60%
to the minimum .40%.
At a meeting held on March 26, 2000, the Board of Trustees of RSI Retirement
Trust modified the market capitalization guidelines for the Emerging Growth
Equity Fund, raising the upper capitalization limit from $1 billion to $1.5
billion and modifying the restriction on investment holdings in companies with
market capitalizations greater than $2 billion (occurring as a result of price
appreciation).
As a result of these modifications, the first three sentences of the first
paragraph on page 3 of the Prospectus are restated to read as follows:
THE EMERGING GROWTH EQUITY FUND will select securities of companies
that its investment manager expects to experience rapid earnings growth
in the next few years. Such companies may include: newer companies that
are able to identify and service a market niche; more mature companies
that restructure their operations or develop a new product or service
that enhances the company's sales and profit growth potential; and small
to medium-sized companies (I.E., companies with market capitalizations
from $50 million to $1.5 billion at time of purchase) that, because of
successful market penetration, expect to experience accelerating revenue
and earnings growth. The average dollar-weighted position of the Fund
will ordinarily be not greater than the average dollar-weighted position
of the Russell 2000 Growth Index over time.
