SSgA FUNDS
SUPPLEMENT DATED DECEMBER 17, 1999
TO PROSPECTUS DATED DECEMBER 17, 1999
SSgA ACTIVE INTERNATIONAL FUND
SSgA INTERNATIONAL GROWTH OPPORTUNITIES FUND
SSgA SMALL CAP FUND
SSgA Active International Fund. Effective immediately, Mr. Geoff Benarick,
Principal, is the portfolio manager primarily responsible for investment
decisions regarding the SSgA Active International Fund. He joined State Street
Global Advisors in 1995 as an Investment Support Associate in Global Advisor's
Active International Operations area. He is responsible for research and
portfolio management support for SSgA's active international developed markets
strategies. In 1994, Mr. Benarick worked for State Street Bank, Luxembourg, as a
Senior Portfolio Administrator in the Global Portfolio Operations area. Mr.
Benarick holds a BA in Economics from Boston College, and is currently enrolled
in the MBA program at the Wallace E. Carroll Graduate School of Management at
Boston College. There are seven other portfolio managers who assist in managing
the fund.
SSgA International Growth Opportunities Fund. Effective immediately, Mr. Edward
Allinson, CFA and Principal, is the portfolio manager primarily responsible for
investment decisions regarding the SSgA International Growth Opportunities Fund.
He is the Lead Portfolio Manager for the International Growth Opportunities
Strategy within the Global Fundamental Strategies Group. Prior to joining State
Street Global Advisors in 1999, Mr. Allinson worked at Brown Brothers Harriman,
New York, as Senior Portfolio Manager in the International Equities Group,
managing pension, endowment and mutual fund assets from July 1991 to April 1999.
Mr. Allinson worked at First Pacific Securities, Hong Kong, as Assistant
Director in institutional Asian equity sales. Prior to his employment at First
Pacific Securities, he worked in Citibank's Domestic Private Banking Group as a
portfolio manager. Mr. Allinson earned a BA at the University of Pennsylvania
and an MBA at the Wharton School, where he concentrated in Finance. There are
four other portfolio managers who assist in managing the fund.
SSgA Small Cap Fund. Effective immediately, Mr. Jeffrey P. Adams, Principal, is
the portfolio manager primarily responsible for investment decisions regarding
the SSgA Small Cap Fund. He joined State Street Global Advisors in 1989. Mr.
Adams is the strategy leader for the large cap value strategy and the co-manager
of the small cap strategy. He was also responsible for the development of the
small cap strategy. In addition, Mr. Adams is head of research for the
Quantitative US Active Equity Group and coordinates research and development
projects related to all of the strategies. Prior to his responsibility in
domestic equities, Mr. Adams was a Senior Investment Support Analyst at SSgA He
graduated from Northeastern University with a BS in Economics. There are five
other portfolio managers who assist in managing the fund.
