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RUSSELL INSURANCE FUNDS
Supplement Dated June 1, 1997
To Prospectus dated May 1, 1997
Effective June 1, 1997, Russell Insurance Funds makes the following changes to
its prospectus.
The third paragraph under the heading "General Management of the Funds" is
amended to read as follows:
The responsibility of overseeing the Money Managers rests upon the officers and
employees of FRIMCo. These officers and employees, including their business
experience for the past five years, are identified below:
- Randall P. Lert, who has been Chief Investment Officer of FRIMCo since
1989.
- Jean E. Carter, who has been a Portfolio Manager of FRIMCo since 1994.
From 1990 to 1994, Ms. Carter was a Client Executive in the Investment
Group of the Frank Russell Company. Ms. Carter jointly with another
portfolio manager identified herein has primary responsibility for
management of the Non-U.S. Fund.
- James M. Imhof, Manager of Portfolio Trading of FRIMCo, who has
supervised the day to day management of the FRIMCo managed funds and
ongoing analysis and monitoring of such funds money managers since
1989.
- Randal C. Burge, who has been a Portfolio Manager of FRIMCo since June
1995. From 1990 to 1995, Mr. Burge was a Client Executive for Frank
Russell Australia. Mr. Burge has primary responsibility for
management of the Core Bond Funds and jointly with another portfolio
manager identified herein has primary responsibility for Management
of the Non-U.S. Fund.
- Dennis J. Trittin, who has been a Portfolio Manager of FRIMCo since
January 1996. From 1988 to 1996, Mr. Trittin was director of the US
Equity Manager Research Department with Frank Russell Company. Mr.
Trittin jointly with another portfolio manager identified herein has
primary responsibility for management of the Aggressive Equity and
Multi-Style Equity Funds.
- C. Nola Williams, who has been a Portfolio Manager of FRIMCo since
January 1996. From 1994 to 1995, Ms. Williams was a member of the
Alpha Strategy Group. From 1988 to 1994, Ms. Williams was Senior
Research Analyst with Frank Russell Company. Ms. Williams jointly
with
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another portfolio manager identified herein has primary responsibility
for management of the Aggressive Equity and Multi-Style Equity Funds.
