[LOGO] FirstarFunds
Supplement dated May 5, 2000
to the Prospectus dated March 1, 2000
GOOD NEWS! Beginning on May 15, 2000, the MicroCap Fund will open and offer
shares for purchase by new investors. Thereafter, the Fund intends to close
itself to new investors at the adviser's discretion, based upon various factors,
including assets under management and current investment opportunities. Although
the adviser reserves the right to close the Fund to new investors at any time
and at any asset level, it is currently anticipated that the Fund will close to
new investors at any time after assets under management enter the range between
$375 and $380 million. As of April 30, 2000 the Fund's assets under management
totaled approximately $325 million.
Prior to May 15, 2000 B.C. Ziegler and Company may solicit purchase orders,
including non-binding indications of interest prior to actual confirmation of
orders. In order to purchase shares of the Fund on May 15, 2000 the Fund's
transfer agent must receive a purchase order together with payment in good form
on May 15, 2000 before 3:00 p.m. (Central time). Payment for the purchase of
shares will not be accepted before May 15, 2000. For more information on share
purchases, see "Investing with Firstar Funds" in the Fund's prospectus dated
March 1, 2000.
