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N/I FAMILY OF MUTUAL FUNDS
OF
THE RBB FUND, INC.
Supplement dated September 15, 1997 to Prospectus
dated December 16, 1996
N/I MICRO CAP FUND
Effective September 15, 1997, shares of the n/i Micro Cap Fund are offered
only to existing shareholders of the Fund and certain other persons, who are
generally subject to cumulative, maximum purchase amounts, as follows:
. Each person who on September 12, 1997 held shares of this Fund
directly or through an account maintained by a broker by arrangement
with The RBB Fund, Inc., may invest up to an additional $25,000 in
shares of this Fund between September 15, 1997 and August 31, 1998,
and an additional $25,000 in each fiscal year ended August 31
thereafter, plus distributions that are automatically reinvested.
. Each person who is or becomes a client of a financial advisor or
planner whose clients owned shares of this Fund on September 12, 1997
may invest up to $25,000 in shares of this Fund between September 15,
1997 and August 31, 1998, and $25,000 in each fiscal year ended August
31 thereafter, plus distributions that are automatically reinvested.
. Employees of Numeric Investors L.P. and their spouses and children may
invest in shares of these Funds without limit.
All purchase orders that are wholly or partially in excess of the maximum
purchase amounts will be returned.
N/I GROWTH FUND
Shares of the n/i Growth Fund are offered only to (i) persons who already
hold shares of this Fund directly or through accounts maintained by brokers by
arrangement with The RBB Fund, Inc., (ii) existing and future clients of
financial advisors and planners whose clients already hold shares of this Fund,
and (iii) employees of Numeric Investors L.P. and their spouses and children.
Other persons who are shareholders of other n/i Funds are not permitted to
acquire shares of this Fund by exchange. Distributions to all shareholders of
the Fund will continue to be
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reinvested unless a shareholder elected otherwise.
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N/I GROWTH AND VALUE FUND
In the event that the net assets of the n/i Growth and Value Fund increase
to an amount that exceeds $200,000,000, the restrictions that apply to the sale
of shares of the n/i Growth Fund would also apply to the sale of shares of this
Fund.
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The adviser reserves the right to further restrict sales of shares of any
Fund.