SUNSTONE FINANCIAL GROUP, INC.
207 East Buffalo Street, Suite 400
Milwaukee, Wisconsin 53202
(414) 271-5885
August 19, 1997
Securities and Exchange Commission
450 Fifth Street N.W.
Washington, DC 20549
Re: Wasatch Funds
(33-10451; 811-4920)
Filing under Rule 497(e) of the Securities Act of 1933
Ladies and 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 January 31, 1997. Questions
regarding this filing may be directed to the undersigned at (414) 271-5885.
Sincerely,
/s/ Constance Dye Shannon
Legal and Compliance Manager
Encl.
WASATCH FUNDS, INC.
Supplement dated August 29, 1997 to
Prospectus dated January 31, 1997
Effective August 29, 1997, Wasatch Micro-Cap Fund (the "Fund") will close to
new investors.
- - Fund shareholders as of the August 29, 1997 closing date may continue to add
to an account through the reinvestment of dividends and cash distributions
on any shares owned and through the purchase of additional shares.
- - Fund shareholders may also open and add to additional Micro-Cap Fund
accounts that use the same Social Security Number as the account existing as
of August 29, 1997. For example, accounts where the shareholder is the
owner, joint owner or a custodian for a minor child.
- - Financial planners whose clients beneficially own Micro-Cap Fund accounts
may continue to purchase Fund shares.
- - Directors of the Fund and employees, affiliates and directors of Wasatch
Advisors, Inc. may continue to open new accounts.
- - The Fund may resume sales to new investors at some future date, but has no
present intention to do so.
- - Participants in certain 401(k) plans may open new accounts and purchase
shares of the Fund.
The following information should be added to "Who Can Purchase Shares in the
Aggressive Equity Fund" on page 24 of the Prospectus dated January 31, 1997.
- - Participants in certain 401(k) plans may open new accounts and purchase
shares of the Fund.
