REPUBLIC FUNDS
REPUBLIC MONEY MARKET FUND
REPUBLIC U.S. GOVERNMENT FUND
REPUBLIC NEW YORK TAX-FREE MONEY MARKET FUND
REPUBLIC NEW YORK TAX-FREE BOND FUND
REPUBLIC BOND FUND
REPUBLIC EQUITY FUND
REPUBLIC OVERSEAS EQUITY FUND
REPUBLIC OPPORTUNITY FUND
REPUBLIC ADVISOR FUNDS TRUST
REPUBLIC FIXED INCOME FUND
REPUBLIC INTERNATIONAL EQUITY FUND
REPUBLIC SMALL CAP EQUITY FUND
Supplement dated December 31, 1999
to the Prospectuses and Statements of Additional Information for the Funds
Effective December 31, 1999, HSBC Holdings plc completed the
acquisition of Republic New York Corporation (the "Acquisition"), which has been
renamed HSBC USA Inc. In connection with the Acquisition, Republic National Bank
of New York has converted to a state-chartered bank organized under the laws of
New York and been renamed HSBC Bank USA. All references in the Prospectus and
Statement of Additional Information to Republic New York Corporation shall be
deemed to refer to HSBC USA Inc., and all references to Republic National Bank
of New York shall be deemed to refer to HSBC Bank USA. Effective upon completion
of the Acquisition, new advisory agreements dated December 31, 1999 were entered
with HSBC Bank USA, and new sub-advisory agreements dated December 31, 1999 were
entered with the current subadvisers, on substantially the same terms as the
previous agreements with Republic National Bank of New York and the current
subadvisers.
