Securities and Exchange Commission
450 Fifth Street N.W.
Washington, DC 20549
Re: Wasatch Advisors Funds, Inc.
(33-10451; 811-4920)
Filing Under Rule 497(e) of the Securities Act of 1933
Gentlemen:
On behalf of the above-referenced registered investment company, transmitted
herewith for filing pursuant to Rule 497(e) under the Securities Act of 1933, as
amended, is a Supplement to the Prospectus dated June 19, 1995. Questions
regarding this filing may be directed to the undersigned at (414) 271-5885.
Very truly yours,
/S/ RANDY PAVLICK
Vice President
cc: Michael J. Radmer
Encl.
WASATCH FUNDS
SUPPLEMENT
dated January 26, 1996
to the Prospectus dated June 19, 1995
CHANGE IN TRANSFER AGENTS
Effective February 17, 1996, Sunstone Financial Group, Inc. ("Sunstone"), 207
East Buffalo Street, Milwaukee, Wisconsin 53202, will replace Firstar Trust
Company ("FTC") as transfer agent for Wasatch Funds. Sunstone will provide all
of the services described in the prospectus that are currently being provided by
FTC. Although the Funds' toll-free number will remain 1-800-551-1700, the
address for establishing new accounts or making additional investments, and the
instructions for making purchases by wire, will change effective February 17,
1996 to the following:
REGULAR MAIL: OVERNIGHT OR EXPRESS MAIL
Wasatch Funds OR HAND DELIVERY:
P.O. Box 2172 Wasatch Funds
Milwaukee, WI 53201-2172 207 East Buffalo Street, Suite 315
Milwaukee, WI 53202-5712
WIRES:
Please call the Funds at 1-800-551-1700 prior to authorizing purchases by wire
in order to obtain proper wire instructions.
CHANGE IN CUSTODIAN
Effective February 17, 1996, UMB Bank, n.a. ("UMB") will replace FTC as
custodian of Wasatch Funds. UMB will perform all of the services currently
provided by FTC.
REVISED EXCHANGE PRIVILEGE
Effective February 17, 1996, the Northern U.S. Government Money Market Fund will
replace the Portico Money Market Fund as an exchange option. The option to
exchange among Wasatch Funds will remain unchanged.
After February 17, 1996, investors will not be able to directly exchange their
investments from the Portico Money Market Fund to Wasatch Funds. Rather, to
exchange into Wasatch Funds, investors will have to redeem their Portico Money
Market Fund investment and send the proceeds to Wasatch Funds.
Prior to authorizing an investment in the Northern U.S. Government Money Market
Fund subsequent to February 17, 1996, you must obtain a copy of the Northern
Money Market Funds' prospectus. Please call 1-800-551-1700 for a copy of the
prospectus. Read it carefully before investing.
INCOME FUND TO PAY DIVIDENDS MONTHLY
Beginning April 1, 1996, the Income Fund will begin declaring dividends of its
net investment income daily and will distribute the dividends monthly. A
dividend will be declared during the last week of March which will include prior
months' undistributed income. The Income Fund currently declares and pays
dividends annually.
QUESTIONS
Questions regarding any of these changes may be directed to the Funds by calling
1-800-551-1700.
