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THE SEVEN SEAS SERIES FUND
SUPPLEMENT DATED JANUARY 23, 1996
TO PROSPECTUS DATED DECEMBER 29, 1995
THE SEVEN SEAS SERIES MONEY MARKET FUND
CLASS A SHARES
Effective immediately, The Seven Seas Series Fund (the "Fund") makes the
following operational changes to its Money Market Fund Class A Shares (the
"Class A Shares") prospectus. Pursuant to a vote by the Board of Trustees,
Class A Shares will determine net asset value once each business day. In
addition, the Fund will pay dividends to shareholders on the date of purchase
where payment has been received in "good funds" by federal funds wire prior to
4:00 p.m. Eastern time. No dividends will be paid to shareholders on the date
of redemption.
Therefore, the subsection captioned "Net Asset Value Per Share" under "Valuation
of Fund Shares" in the Class A Shares prospectus is amended and restated to read
in its entirety as follows:
NET ASSET VALUE PER SHARE. Net asset value per share for each class of
shares of the Fund is computed by adding the value of all securities and
other assets of the Fund, deducting accrued liabilities allocated to the
class, dividing by the number of shares outstanding in a class and rounding
to the nearest cent. Class A shares of the Fund will determine net asset
value once each business day as of the close of the regular trading session
of the New York Stock Exchange (ordinarily 4 p.m. Eastern time). A business
day is one on which the New York Stock Exchange and Boston Federal Reserve
are open for business.
To reflect the foregoing, the subsection captioned "Offering Dates and Times"
under "Purchase of Fund Shares" and the first paragraph under "Redemption of
Fund Shares" in the Class A Shares prospectus are amended and restated to read
in their entirety as follows:
OFFERING DATES AND TIMES. Fund shares may be purchased on any business day
without a sales commission. All purchases must be made in US dollars. Purchase
orders in good form together with payments for Fund shares must be received by
the Transfer Agent prior to 4:00 p.m. Eastern time to be effective on the date
received. (Purchase orders in good form are described below.) The accompanying
payment must be in federal funds or converted into federal funds by the Transfer
Agent ("good funds") before the purchase order can be accepted. Purchase orders
in good funds which are accepted prior to 4:00 p.m. Eastern time will earn the
dividend declared on the date of purchase.
REDEMPTION OF FUND SHARES
Fund shares may be redeemed on any business day at the net asset value next
determined after the receipt of a redemption request in proper form as described
below. Payment will be made as soon as possible (but will ordinarily not exceed
seven days) and will be mailed to the shareholder's address of record. Upon
request, redemption proceeds will be wire transferred to the shareholder's
account at a domestic commercial bank that is a member of the Federal Reserve
System. Although Investment Company does not currently charge a fee for this
service, Investment Company reserves the right to charge a fee for the cost of
wire-transferred redemptions of less than $1,000. Payment for redemption of
shares purchased by check may be withheld for up to 10 days after the date of
purchase to assure that such checks are honored. No dividends will be paid on
shares on the date of redemption.
