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 IMMDEX/TM 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
June 18, 1999
Supplement to the Prospectus dated March 1, 1999 (as amended May 24, 1999)
Page 69
The section under "Institutional Shares" is replaced with the following:
- - No sales charge
- - Available for:
- Trust, agency or custodial accounts opened through Firstar Bank
Milwaukee, NA.;
- Employer-sponsored qualified retirement plans other than those serviced
by certain external organizations who have service agreements with Firstar or
its affiliates, and other than plans administered by Firstar with assets less
than $1 million at the time Firstar begins plan administration (but including
plans administered by Firstar which owned institutional shares prior to June
18, 1999). Plans administered by Firstar with assets less than $1 million at
the time Firstar begins plan administration will become eligible for institu-
tional shares when such plans grow to $1 million or greater as further
described in the SAI;
- all clients of FIRMCO; and
- those purchasing through certain broker-dealers who have agreed to
provide certain services with respect to shares of the Funds, including Water-
house Securities, Inc. and Jack White, a division of Waterhouse Securities,
Inc. Check with your broker-dealer to see if you qualify for institutional
shares.
The following is inserted after the section "Retail B Shares:"
A securities dealer, broker, financial institutional or other industry pro-
fessional ("Shareowner Organization") may charge transaction or other fees for
providing administrative or other services in connection with investments in
Fund shares.
Page 70
The following is added to the section, "Waivers - Retail A Shares:"
(e) employer-sponsored qualified retirement plans administered by Firstar
with assets less than $1 million at the time Firstar begins plan admini-
stration which commenced administration by Firstar on or after June 18,
1999
(f) those purchasing through certain broker-dealers who have agreed to
provide certain services with respect to shares of the Funds, including
Charles Schwab Mutual Fund Marketplace/R. Check with your broker-dealer
to see if you qualify for this exemption
Page 75
The following is added after the section, "Additional Information on
Buying Shares:"
The Funds may authorize one or more brokers and other shareowner organi-
zations to accept on their behalf purchase, redemption and exchange orders,
and may authorize such shareowner organizations to designate other inter-
mediaries to accept purchase, redemption and exchange orders on the Funds'
behalf. In these cases, a Fund will be deemed to have received an order
when an authorized shareowner organization or intermediary accepts the
order, and customer orders will be priced at the Fund's net asset value
next computed after they are accepted by a shareowner organization or
intermediary. Shareowner organizations and intermediaries will be
responsible for transmitting accepted orders to the Funds within the
period agreed upon by them. Shareowners should contact their shareowner
organization or intermediaries to learn whether they are authorized to
accept orders for Funds.
It is the responsibility of shareowner organizations to transmit orders
and payment for the purchase of shares by their customers to the transfer
agent on a timely basis and to provide account statements in
accordance with the procedures previously stated.
