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THE BEA FAMILY OF MUTUAL FUNDS
SUPPLEMENT DATED APRIL 30, 1995 TO
PROSPECTUS DATED DECEMBER 28, 1994
The following paragraphs replace the fourth and fifth full paragraphs on
page 27.
The day-to-day portfolio management of BEA International Equity and BEA
Emerging Markets Equity Portfolios is the responsibility of the BEA
International Equities Management Team. The Team consists of the following
investment professionals: Emilio Bassini (Managing Director), Piers Playfair
(Managing Director), Steven D. Bleiberg (Senior Vice President) and Steven M.
Swift (Managing Director). Mr. Bassini has been engaged as an investment
professional with BEA for more than five years. Mr. Bleiberg rejoined BEA in
1991 after spending two years as a portfolio manager at Matrix Capital
Management, prior to which he spent five years at BEA in the equity research
department. Mr. Playfair joined BEA in 1990, prior to which he was a manager in
the corporate finance division of Samuel Montagu, London and a Director of
Equity Capital Markets Group at Salomon Brothers. Mr. Swift joined BEA in 1995,
prior to which he spent three years at Credit Suisse Asset Management in London,
where he was Head of Global Equities and portfolio manager for the CS Tiger
Fund. For the previous 15 years he was with Wardley Investment Services, a Hong
Kong-based subsidiary of the Hong Kong and Shanghai Bank.
The day-to-day portfolio management of the BEA U.S. Core Equity Portfolio
and the equity portion of the BEA Balanced Portfolio is the responsibility of
the BEA Domestic Equity Management Team. The Team consists of the following
investment professionals: William W. Priest, Jr. (Chief Executive Officer and
Managing Director of BEA), John B. Hurford (Vice Chairman of the Executive
Committee and Managing Director), Albert L. Zesiger (Managing Director), Todd M.
Rice (Vice President) and Christopher C. Thompson (Vice President). Messrs.
Priest, Hurford, and Zesiger have, on an individual basis, been engaged as
investment professionals with BEA for more than five years. Mr. Rice joined BEA
in 1990; previously, he was employed as an investment professional at Salomon
Brothers. Mr. Thompson joined BEA in 1995 as a result of the acquisition by BEA
Associates of CS First Boston Investment Management Corporation. Prior to the
year and one half he spent at CS First Boston Investment Management, Mr.
Thompson spent six and one half years with Brown Brothers Harriman & Company.
The following paragraph replaces the first full paragraph on page 28:
The day-to-day portfolio management of the BEA Strategic Fixed Income, BEA
U.S. Core Fixed Income, BEA Municipal Bond Fund, BEA Global Fixed Income and BEA
Short Duration Portfolios, as well as the fixed income portion of the BEA
Balanced Portfolio, is the responsibility of the BEA Fixed Income Management
Team. The Team consists of the following investment professionals: Robert Moore
(Executive Director), Gregg Diliberto (Managing Director), Richard Lindquist
(Managing Director), Mark Silverstein (Senior Vice President), Marianne Rossi
(Vice President), and Mark Arnold (Special Consultant). Messrs. Moore, Diliberto
and Arnold have, on an individual basis, been engaged as investment
professionals with BEA for more than five years. Mr. Silverstein joined BEA in
1991; prior to joining BEA he was a vice president of First Boston. Mr.
Lindquist and Ms. Rossi joined BEA in 1995 as a result of BEA's acquisition of
CS First Boston Investment Management. Prior to joining CS First Boston, Mr.
Lindquist and Ms. Rossi were with Prudential Insurance Company of America.
