THE PBHG FUNDS, INC.
SUPPLEMENT DATED NOVEMBER 4, 1999
TO THE PROSPECTUS FOR THE PBHG CLASS SHARES
DATED JULY 31, 1999
This Supplement updates certain information contained in the Prospectus.
You should retain the Prospectus and all Supplements for future reference. You
may obtain an additional copy of the Prospectus, as supplemented, free of
charge, by calling 1-800-433-0051.
Effective immediately, Frank P. Slattery will manage the PBHG Select
Equity Fund. Mr. Slattery joined Pilgrim Baxter in 1998 and has managed the PBHG
New Opportunities Fund since its inception in February, 1999. Mr. Slattery's
prior business experience is discussed on page 63 of the Prospectus.
