SSgA Funds
Supplement Dated July 14, 2000
SSgA Active International Fund
SSgA Emerging Markets Fund
SSgA International Growth Opportunities Fund
Prospectus Dated December 17, 1999
Effective immediately, the following language is added to the first paragraph of
the Redemption of Fund Shares section of the prospectus, the third paragraph of
the Telephone Exchange Privilege section and the Systematic Exchange section
contained in the December 17, 1999 prospectus:
Redemptions (including exchanges) of shares of the SSgA Active International,
SSgA Emerging Markets and the SSgA International Growth Opportunities Funds
occurring after September 30, 2000 and executed within 60 days of the date of
purchase will be subject to a redemption fee equal to 2% of the amount redeemed.
All redemption fees will be paid to the Fund. Shareholders participating in
omnibus account arrangements will be charged the fee by their omnibus account
provider. Redemption of shares acquired as the result of reinvesting
distributions are not subject to the redemption fee.
In addition, the following Shareholder Fee expense information is substituted
for the Shareholder Fee expense information space contained in the December 17,
1999 prospectus.
<TABLE>
<S> <C>
Shareholder Fees (fees paid directly from your investment)
Maximum Sales Charge (Load) Imposed on Purchase None
Maximum Deferred Sales Charge (Load) None
Maximum Sales Charge (Load) Imposed on Reinvested
Dividends or Other Distributions None
Redemption Fee (All Funds except Active International,
Emerging Markets and International Growth Opportunities None
Redemption Fee (Active International, Emerging Markets
and International Growth Opportunities) 2%
Exchange Fee None
Maximum Account Fee None
</TABLE>
