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ONE GROUP(R) TECHNOLOGY FUND
Supplement Dated June 23, 2000 to Prospectus
Dated June 16, 2000
The One Group Services Company, the distributor for One Group Technology
Fund (the "Fund"), will solicit orders to purchase Class A and Class I shares of
the Fund during an initial offering period from July 3, 2000 to July 28, 2000
(the "Subscription Period"). Orders received during the Subscription Period will
not be processed before commencement of operations (currently scheduled for July
28, 2000). An order in proper form to purchase shares of the Fund that is
accompanied by payment and is received by the Fund's transfer agent prior to
July 28, 2000 will be deemed to be an order to purchase Class A or Class I
shares of One Group Prime Money Market Fund, and a further order to exchange
shares of One Group Prime Money Market Fund for Class A or Class I shares of the
Fund as of July 28, 2000. The exchange will be processed and priced into the
Fund on July 28, 2000 at the initial offering price of $10.00 per share. Except
as stated above, exchanges from other One Group funds into the Fund will not be
permitted during the Subscription Period.
Shareholder Servicing Agents may require additional forms or follow
different procedures. Investors purchasing through a Shareholder Servicing Agent
should contact their Shareholder Servicing Agent regarding purchase procedures.
During the Subscription Period only, The One Group Services Company will
pay a commission of 2% of the original purchase price to Shareholder Servicing
Agents who sell Class A shares. Class A sales charges will be waived during the
Subscription Period. However, an investor in Class A shares will be charged the
equivalent of 2% of the lesser of the purchase price or the current value of the
redeemed shares if any or all of the shares purchased during the Subscription
Period are redeemed before July 30, 2001. Shareholders may revoke their purchase
orders at any time before July 28, 2000.
Notwithstanding anything to the contrary in the prospectus for any One
Group fund, Class A shares purchased during the Subscription Period may not be
exchanged for Class A shares of any other One Group fund until July 30, 2001. If
Class A shares purchased by an investor during the Subscription Period are
redeemed prior to July 30, 2001 and the proceeds are immediately invested into
Class A shares of other One Group funds, the 2% sales charge will be deducted
from the redemption proceeds, but the sales charge on the subsequent purchase
will be waived and Shareholder Servicing Agents will receive no portion of a
sales charge on that purchase.
Class B and Class C shares will be available on July 31, 2000. Beginning
that same date, existing One Group shareholders may exchange all or a portion of
any One Group fund that they currently own into the Fund.
Shares of the Fund will not be available to the public prior to the Fund's
commencement of operations except through this Subscription Period. This
subscription offer will terminate prior to July 28, 2000 if the Fund receives
subscription orders of at least $300 million.
TOG-S-1072
