FIRSTAR FUNDS, INC.
U.S. GOVERNMENT SECURITIES FUND, AGGREGATE BOND FUND AND NATIONAL MUNICIPAL BOND
FUND
Supplement dated November 27, 2000 to the Prospectus for Retail A, Retail B, Y
and Institutional Shares of the U.S. Government Securities Fund, Aggregate Bond
Fund and National Municipal Bond Fund dated September 18, 2000 (as revised
October 16, 2000).
The second sentence of the second paragraph under the heading "Bar Chart and
Performance Table" which appears on pages 2, 6 and 11 of the Prospectus is
replaced by the following:
The Fund commenced investment operations on November 27, 2000, upon the closing
of a reorganization between Firstar Funds, Inc. and each of Mercantile Mutual
Funds, Inc. and Firstar Stellar Funds (together, the "Firstar Reorganization").
Effective November 27, 2000, the Prospectus is also amended as follows:
PAGE 4
Under EXAMPLE, replace the chart with the following:
<TABLE>
<CAPTION>
1 YEAR 3 YEARS 5 YEARS 10 YEARS
------ ------- ------- --------
<S> <C> <C> <C> <C>
U.S. Government Securities Fund -Retail A Shares $506 $730 $972 $1,664
U.S. Government Securities Fund -Retail B Shares
Assuming complete redemption at end of period 686 876 1,190 1,771
Assuming no redemption 186 576 990 1,771
U.S. Government Securities Fund - Y Shares 110 343 595 1,317
U.S. Government Securities Fund - Institutional Shares 85 265 460 1,025
</TABLE>
PAGE 9
Under EXAMPLE, replace the chart with the following:
<TABLE>
<CAPTION>
1 YEAR 3 YEARS 5 YEARS 10 YEARS
------ ------- ------- --------
<S> <C> <C> <C> <C>
Aggregate Bond Fund - Retail A Shares $497 $703 $925 $1,564
Aggregate Bond Fund - Retail B Shares
Assuming complete redemption at end of 677 848 1,144 1,671
period
Assuming no redemption 177 548 944 1,671
Aggregate Bond Fund - Y Shares 101 315 547 1,213
Aggregate Bond Fund - Institutional Shares 76 237 411 918
</TABLE>
PAGE 21
Replace the third bullet point under "Y Shares" with the following:
o All Shareholders who were exchanged into Y Shares in connection with the
Firstar Reorganization and who have continuously maintained an account with
the Company; and
