<PAGE>
FILED PURSUANT TO RULE 497(e)
1933 ACT FILE NO. 33-4806
1940 ACT FILE NO. 811-4636
THE GALAXY FUND
(THE "TRUST")
GALAXY MONEY MARKET FUND
GALAXY GOVERNMENT FUND
GALAXY U.S. TREASURY FUND
GALAXY TAX-EXEMPT FUND
GALAXY INSTITUTIONAL GOVERNMENT MONEY MARKET FUND
GALAXY CONNECTICUT MUNICIPAL MONEY MARKET FUND
GALAXY MASSACHUSETTS MUNICIPAL MONEY MARKET FUND
RETAIL A SHARES, RETAIL B SHARES, TRUST SHARES AND/OR SHARES
SUPPLEMENT DATED JANUARY 4, 2000
TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED FEBRUARY 28, 1999
(AS PREVIOUSLY SUPPLEMENTED)
On December 1, 1999, all of the outstanding stock of First Data Investor
Services Group, Inc. ("Investor Services Group"), the Trust's administrator and
transfer agent, was acquired by PFPC Trust Company (the "Transaction"). PFPC
Trust Company is a wholly-owned subsidiary of PFPC Worldwide, Inc. and an
indirect wholly-owned subsidiary of PNC Bank Corp. Also on December 1, 1999 and
as a part of the Transaction, PFPC Inc., an indirect wholly-owned subsidiary of
PNC Bank Corp., was merged into Investor Services Group, which then changed its
name to PFPC Inc.
In connection with the Transaction, on December 1, 1999, Provident
Distributors, Inc. ("PDI") became the distributor of the Trust's shares. PDI is
a registered broker/dealer with its principal offices at Four Falls Corporate
Center, 6th Floor, West Conshohocken, Pennsylvania 19428-2961.
There are no changes to the phone numbers or addresses for shareholder
inquiries or investments.
SAIMM1
<PAGE>
FILED PURSUANT TO RULE 497(e)
1933 ACT FILE NO. 33-4806
1940 ACT FILE NO. 811-4636
THE GALAXY FUND
(THE "TRUST")
GALAXY TAX-EXEMPT BOND FUND
GALAXY NEW JERSEY MUNICIPAL BOND FUND
GALAXY NEW YORK MUNICIPAL BOND FUND
GALAXY CONNECTICUT MUNICIPAL BOND FUND
GALAXY MASSACHUSETTS MUNICIPAL BOND FUND
GALAXY RHODE ISLAND MUNICIPAL BOND FUND
RETAIL A SHARES, RETAIL B SHARES AND/OR TRUST SHARES
SUPPLEMENT DATED JANUARY 4, 2000
TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED FEBRUARY 28, 1999
(AS PREVIOUSLY SUPPLEMENTED)
On December 1, 1999, all of the outstanding stock of First Data Investor
Services Group, Inc. ("Investor Services Group"), the Trust's administrator and
transfer agent, was acquired by PFPC Trust Company (the "Transaction"). PFPC
Trust Company is a wholly-owned subsidiary of PFPC Worldwide, Inc. and an
indirect wholly-owned subsidiary of PNC Bank Corp. Also on December 1, 1999 and
as a part of the Transaction, PFPC Inc., an indirect wholly-owned subsidiary of
PNC Bank Corp., was merged into Investor Services Group, which then changed its
name to PFPC Inc.
In connection with the Transaction, on December 1, 1999, Provident
Distributors, Inc. ("PDI") became the distributor of the Trust's shares. PDI is
a registered broker/dealer with its principal offices at Four Falls Corporate
Center, 6th Floor, West Conshohocken, Pennsylvania 19428-2961.
There are no changes to the phone numbers or addresses for shareholder
inquiries or investments.
SAIMUNBD1
<PAGE>
FILED PURSUANT TO RULE 497(e)
1933 ACT FILE NO. 33-4806
1940 ACT FILE NO. 811-4636
THE GALAXY FUND
(THE "TRUST")
GALAXY SHORT-TERM BOND FUND
GALAXY INTERMEDIATE GOVERNMENT INCOME FUND
GALAXY HIGH QUALITY BOND FUND
GALAXY CORPORATE BOND FUND
RETAIL A SHARES, RETAIL B SHARES AND/OR TRUST SHARES
SUPPLEMENT DATED JANUARY 4, 2000
TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED FEBRUARY 28, 1999
(AS PREVIOUSLY SUPPLEMENTED)
On December 1, 1999, all of the outstanding stock of First Data Investor
Services Group, Inc. ("Investor Services Group"), the Trust's administrator and
transfer agent, was acquired by PFPC Trust Company (the "Transaction"). PFPC
Trust Company is a wholly-owned subsidiary of PFPC Worldwide, Inc. and an
indirect wholly-owned subsidiary of PNC Bank Corp. Also on December 1, 1999 and
as a part of the Transaction, PFPC Inc., an indirect wholly-owned subsidiary of
PNC Bank Corp., was merged into Investor Services Group, which then changed its
name to PFPC Inc.
In connection with the Transaction, on December 1, 1999, Provident
Distributors, Inc. ("PDI") became the distributor of the Trust's shares. PDI is
a registered broker/dealer with its principal offices at Four Falls Corporate
Center, 6th Floor, West Conshohocken, Pennsylvania 19428-2961.
There are no changes to the phone numbers or addresses for shareholder
inquiries or investments.
SAITXBD1
<PAGE>
FILED PURSUANT TO RULE 497(e)
1933 ACT FILE NO. 33-4806
1940 ACT FILE NO. 811-4636
THE GALAXY FUND
(THE "TRUST")
GALAXY ASSET ALLOCATION FUND
GALAXY EQUITY INCOME FUND
GALAXY GROWTH AND INCOME FUND
GALAXY STRATEGIC EQUITY FUND
GALAXY EQUITY VALUE FUND
GALAXY EQUITY GROWTH FUND
GALAXY INTERNATIONAL EQUITY FUND
GALAXY SMALL CAP VALUE FUND
GALAXY SMALL COMPANY EQUITY FUND
RETAIL A SHARES, RETAIL B SHARES AND TRUST SHARES
SUPPLEMENT DATED JANUARY 4, 2000
TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED FEBRUARY 28, 1999
(AS PREVIOUSLY SUPPLEMENTED)
On December 1, 1999, all of the outstanding stock of First Data Investor
Services Group, Inc. ("Investor Services Group"), the Trust's administrator and
transfer agent, was acquired by PFPC Trust Company (the "Transaction"). PFPC
Trust Company is a wholly-owned subsidiary of PFPC Worldwide, Inc. and an
indirect wholly-owned subsidiary of PNC Bank Corp. Also on December 1, 1999 and
as a part of the Transaction, PFPC Inc., an indirect wholly-owned subsidiary of
PNC Bank Corp., was merged into Investor Services Group, which then changed its
name to PFPC Inc.
In connection with the Transaction, on December 1, 1999, Provident
Distributors, Inc. ("PDI") became the distributor of the Trust's shares. PDI is
a registered broker/dealer with its principal offices at Four Falls Corporate
Center, 6th Floor, West Conshohocken, Pennsylvania 19428-2961.
There are no changes to the phone numbers or addresses for shareholder
inquiries or investments.
SAIEQUITY1
