FIRSTAR FUNDS
Money Market Fund
Institutional Money Market Fund
U.S. Treasury Money Market Fund
U.S. Government Money Market Fund
Tax-Exempt Money Market Fund
Short-Term Bond Market Fund
Intermediate Bond Market Fund
Tax-Exempt Intermediate Bond Fund
Bond IMMDEXTM Fund
Balanced Income Fund
Balanced Growth Fund
Growth and Income Fund
Equity Index Fund
Growth Fund
Special Growth Fund
Emerging Growth Fund
MicroCap Fund
International Equity Fund
December 1, 1999
Supplement to the Prospectus dated March 1, 1999
(as amended May 24, 1999)
PAGE 70
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The two bullet points under the heading "Reducing Your Sales Charges - Retail A
Shares" are replaced with the following:
o Right of Accumulation - Existing Equity, Balanced and Bond Fund shares of
Firstar Funds and existing class A shares of Firstar Stellar Funds can be
combined with new purchases for purposes of calculating reduced sales
charges.
o Letter of Intent - Fund shares purchased in a 13 month period qualify for
the same reduced sales charge as if purchased all at once. You may obtain a
reduced sales charge by means of a written Letter of Intent which expresses
your non-binding commitment to invest in the aggregate $100,000 or more in
Equity, Balanced or Bond Fund Retail A shares of Firstar Funds or A shares
of Firstar Stellar Funds. Any investments you make during the period
receive the discounted sales charge based on the full amount of your
investment commitment. The Additional Statement includes details about the
Letter of Intent.
PAGE 72
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The paragraph under the heading "Reinstatement Privilege" is replaced with the
following:
If you sell shares of a Firstar Fund, Firstar Stellar Fund or Mercantile Fund,
you may reinvest some or all of the proceeds in the Retail A Shares of any
Firstar Fund within 60 days without a sales charge, as long as you notify the
transfer agent or your shareholder organization at the time you reinvest. You
may be subject to taxes as a result of a redemption. Consult your tax adviser
concerning the results of a redemption or reinvestment.
PAGE 83
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The fourth full paragraph is replaced with the following:
Walter Dewey, CFA and Dan Tranchita, CFA co-manage the Balanced Growth Fund.
Mr. Dewey is a Senior Vice President and Senior Portfolio Manager with FIRMCO.
He has been with Firstar since 1986 and has 16 years of investment management
experience. Mr. Dewey has managed the Fund since November 8, 1999. Mr.
Tranchita is a Senior Vice President and Senior Portfolio Manager and has been
with Firstar since 1989. He has 10 years of investment management experience
and has been a portfolio manager of the Fund since since March 1, 1999.
The fifth full paragraph is replaced with the following:
Marian Zentmyer, CFA and David Lettenberger, CFA co-manage the Growth and
Income Fund. Ms. Zentmyer has managed the Fund since February 22, 1993.
Mr. Lettenberger is a Vice President and Portfolio Manager with FIRMCO and has
been with Firstar since 1999. He has six years of investment management
experience and has been a portfolio manager of the Fund since November 8, 1999.
The sixth full paragraph is replaced with the following:
Walter Dewey and Gregory Glidden co-manage the Growth Fund. Mr. Dewey has
managed the Fund since July 7, 1997. Mr. Glidden is the Director of Equity
Research and is a Senior Portfolio Manager with FIRMCO. He has been with
Firstar since 1982 and has 17 years of investment management experience.
He has been a portfolio manager on the Fund since November 8, 1999.
The eighth full paragraph is replaced with the following:
Robert Anthony and Gary Hurlbut co-manage the Emerging Growth Fund. Mr. Anthony
is a Senior Portfolio Manager with FIRMCO and has been with Firstar since 1973.
He has 26 years of investment management experience. Mr. Hurlbut is a Senior
Portfolio Manager with FIRMCO and has been with Firstar since 1990. He has 11
years of investment management experience. Mr. Anthony and Mr. Hurlbut have
managed the Fund since November 8, 1999.
The ninth full paragraph is replaced with the following:
Joe Frohna, CFA, CPA, and Earl DeLaet, CFA co-manage the MicroCap Fund. Mr.
Frohna is a Senior Vice President and Senior Portfolio Manager of FIRMCO and has
been with Firstar since 1995. He has six years of investment management
experience and has managed the Fund since September 9, 1997. Mr. DeLaet is an
Investment Officer and Portfolio Manager with FIRMCO and has been with Firstar
since 1997. He has four years of investment management experience and has been a
portfolio manager of the Fund since November 8, 1999.
The tenth full paragraph is replaced with the following:
The portfolio management team of James Chaney, John Fenley, John Hock and
Victoria Gretzky manages the International Equity Fund for the Sub-Adviser. Mr.
Chaney is primarily responsible for the day to day management of the Fund. Mr.
Chaney joined the Sub-Adviser as Chief Investment Officer in 1996 and has 15
years of investment management experience. Prior to joining the Sub-Adviser, he
was Executive Vice President of Templeton Worldwide, Inc. and a senior member of
its Portfolio Management/Strategy Committee. John Fenley joined the Sub-Adviser
in 1997 as a Vice President of Research and has 10 years of investment
management experience. Prior to joining the Sub-Adviser, he developed and
managed the Institutional Investment Department for SunTrust Bank, South
Florida. John Hock joined the Sub-Adviser in 1996 as a research analyst. Prior
to joining the Sub-Adviser, he was a senior analyst in the global securities
research and economics group at Merrill Lynch. Victoria Gretzky joined the
Sub-Adviser in 1995 as a research analyst. From 1993 to 1996, prior to joining
the Sub-Adviser, she was a research analyst for Optimum Consulting, a Russian
based firm which specialized in restructuring Russian companies during
privatization.
FIRSTAR FUNDS
MidCap Index Fund
December 1, 1999
Supplement to the Prospectus dated November 1, 1999
PAGE 10
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The two bullet points under the heading "Reducing Your Sales Charges - Retail A
Shares" is replaced with the following:
o Right of Accumulation - Existing Equity, Balanced and Bond Fund shares of
Firstar Funds and existing class A shares of Firstar Stellar Funds can be
combined with new purchases for purposes of calculating reduced sales
charges.
o Letter of Intent - Fund shares purchased in a 13 month period qualify for
the same reduced sales charge as if purchased all at once. You may obtain a
reduced sales charge by means of a written Letter of Intent which expresses
your non-binding commitment to invest in the aggregate $100,000 or more in
Equity, Balanced or Bond Fund Retail A shares of Firstar Funds or A shares
of Firstar Stellar Funds. Any investments you make during the period
receive the discounted sales charge based on the full amount of your
investment commitment. The Additional Statement includes details about the
Letter of Intent.
PAGE 12
- -------
The paragraph under the heading "Reinstatement Privilege" is replaced with the
following:
If you sell shares of a Firstar Fund, Firstar Stellar Fund or Mercantile Fund,
you may reinvest some or all of the proceeds in the Retail A Shares of any
Firstar Fund within 60 days without a sales charge, as long as you notify the
transfer agent or your shareholder organization at the time you reinvest. You
may be subject to taxes as a result of a redemption. Consult your tax adviser
concerning the results of a redemption or reinvestment.
FIRSTAR FUNDS
Core International Equity Fund
December 1, 1999
Supplement to the Prospectus dated November 1, 1999
PAGE 8
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The two bullet points under the heading "Reducing Your Sales Charges - Retail A
Shares" is replaced with the following:
o Right of Accumulation - Existing Equity, Balanced and Bond Fund shares of
Firstar Funds and existing class A shares of Firstar Stellar Funds can be
combined with new purchases for purposes of calculating reduced sales
charges.
o Letter of Intent - Fund shares purchased in a 13 month period qualify for
the same reduced sales charge as if purchased all at once. You may obtain a
reduced sales charge by means of a written Letter of Intent which expresses
your non-binding commitment to invest in the aggregate $100,000 or more in
Equity, Balanced or Bond Fund Retail A shares of Firstar Funds or A shares
of Firstar Stellar Funds. Any investments you make during the period
receive the discounted sales charge based on the full amount of your
investment commitment. The Additional Statement includes details about the
Letter of Intent.
PAGE 10
- -------
The paragraph under the heading "Reinstatement Privilege" is replaced with the
following:
If you sell shares of a Firstar Fund, Firstar Stellar Fund or Mercantile Fund,
you may reinvest some or all of the proceeds in the Retail A Shares of any
Firstar Fund within 60 days without a sales charge, as long as you notify the
transfer agent or your shareholder organization at the time you reinvest. You
may be subject to taxes as a result of a redemption. Consult your tax adviser
concerning the results of a redemption or reinvestment.
