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SSgA FUNDS
SUPPLEMENT DATED DECEMBER 6, 2000
SSgA MATRIX EQUITY FUND
SSgA AGGRESSIVE EQUITY FUND
PROSPECTUS DATED DECEMBER 17, 1999
(AS SUPPLEMENTED THROUGH NOVEMBER 17, 2000)
Effective immediately, the lead portfolio managers for the SSgA Matrix Equity
and Aggressive Equity Funds have changed as indicated below:
SSgA MATRIX EQUITY FUND. Ms. Arlene Rockefeller, CFA and Principal, is the
portfolio manager primarily responsible for investment decisions regarding the
SSgA Matrix Equity Fund. Ms. Rockefeller joined SSgA in 1982 with extensive
experience in investment research. Ms. Rockefeller is the Director of Global
Active Equities where she is responsible for the three quantitative active
equity groups; Active International, Active U.S., and Global Enhanced. Prior to
her current position, Arlene was the Head of Global Enhanced Equities, managing
the U.S. Value/Growth Selection model and enhanced style portfolios. Before
this, Arlene was the Department Head for U.S. Structured Products at SSgA where
she was instrumental in developing trading strategies for index changes,
quantitative management of taxable strategies, and portfolio construction
methodologies.
Ms. Rockefeller holds a Bachelor's degree in Statistics and a Master's degree in
Informational Science from the University of Chicago. She also holds a Master of
Business Administration degree, with honors, from Boston University. There are
seven other portfolio managers assisting with the management of this Fund.
SSgA AGGRESSIVE EQUITY FUND. Ms. Susan Reigel, CFA and Principal, is the
portfolio manager primarily responsible for investment decisions regarding the
SSgA Aggressive Equity Fund. Ms. Reigel joined SSgA in 1997. She is the Strategy
Leader for the U.S. Aggressive Growth and Mid Cap strategies and Co-manager of
the Long-Short U.S. Equity and Large Cap Value strategies. In addition, Susan's
role at State Street Global Advisors entails research and development across all
of the quantitative U.S. active equity processes. Prior to joining SSgA in 1997,
she managed U.S. active portfolios at Advanced Investment Technology in
Clearwater, Florida. Susan started her career at the Florida State Board of
Administration managing passive U.S. equity portfolios as well as managing and
researching for quantitative U.S. active equity portfolios. She has been working
in the investment management field since 1994.
Ms. Reigel holds an MBA in Finance from Florida State University and a BS in
Mathematics from Florida State University. She is a member of the Chicago
Quantitative Alliance (CQA), the Association for Investment Management and
Research (AIMR), and the Boston Security Analysts Society (BSAS). There are
seven other portfolio managers assisting with the management of this Fund.
