BEA ADVISOR FUNDS
ADVISOR CLASS SHARES OF THE
BEA INTERNATIONAL EQUITY FUND
BEA EMERGING MARKETS EQUITY FUND
BEA GLOBAL TELECOMMUNICATIONS FUND
BEA HIGH YIELD FUND
(INVESTMENT PORTFOLIOS OF THE RBB FUND, INC.)
SUPPLEMENT DATED MAY 29, 1998
TO PROSPECTUS DATED DECEMBER 8, 1997
Effective May 29, 1998, Provident Distributors, Inc. ("PDI"), with principal
offices located at Four Falls Corporate Center, 6th Floor, West Conshohocken,
Pennsylvania 19428, will serve as principal underwriter and distributor of
shares of the Funds.
<PAGE>
BEA ADVISOR FUNDS
ADVISOR CLASS SHARES OF THE
BEA INTERNATIONAL EQUITY FUND
BEA EMERGING MARKETS EQUITY FUND
BEA GLOBAL TELECOMMUNICATIONS FUND
BEA HIGH YIELD FUND
(INVESTMENT PORTFOLIOS OF THE RBB FUND, INC.)
SUPPLEMENT DATED MAY 29, 1998
TO STATEMENT OF ADDITIONAL INFORMATION DATED DECEMBER 8, 1997
Effective May 29, 1998, Provident Distributors, Inc. ("PDI"), with principal
offices located at Four Falls Corporate Center, 6th Floor, West Conshohocken,
Pennsylvania 19428, will serve as principal underwriter and distributor of
shares of the Funds.
<PAGE>
BEA INSTITUTIONAL FUNDS
INSTITUTIONAL CLASS SHARES OF THE
BEA INTERNATIONAL EQUITY FUND
BEA EMERGING MARKETS EQUITY FUND
BEA U.S. CORE EQUITY FUND
BEA BALANCED FUND
BEA U.S. CORE FIXED INCOME FUND
BEA HIGH YIELD FUND
BEA STRATEGIC GLOBAL FIXED INCOME FUND
BEA MUNICIPAL BOND FUND
BEA SHORT DURATION FUND
(INVESTMENT PORTFOLIOS OF THE RBB FUND, INC.)
SUPPLEMENT DATED MAY 29, 1998
TO PROSPECTUS DATED DECEMBER 8, 1997
CHANGE IN DISTRIBUTOR
Effective May 29, 1998, Provident Distributors, Inc. ("PDI"), with principal
offices located at Four Falls Corporate Center, 6th Floor, West Conshohocken,
Pennsylvania 19428, will serve as principal underwriter and distributor of
shares of the Funds.
CHANGE IN ADMINISTRATIVE SERVICES AGENT
Effective May 29, 1998, PDI will serve as administrative services agent with
respect to the Funds. The compensation payable to PDI as administrative services
agent shall be the same as the compensation which was payable to Counsellors
Funds Service, Inc. ("Counsellors"), the previous administrative services agent.
Pursuant to an agreement between PDI and Counsellors dated as of May 29, 1998,
PDI has delegated substantially all of its administrative services agent
functions to Counsellors.
<PAGE>
BEA INSTITUTIONAL FUNDS
INSTITUTIONAL CLASS SHARES OF THE
BEA INTERNATIONAL EQUITY FUND
BEA EMERGING MARKETS EQUITY FUND
BEA U.S. CORE EQUITY FUND
BEA BALANCED FUND
BEA U.S. CORE FIXED INCOME FUND
BEA HIGH YIELD FUND
BEA STRATEGIC GLOBAL FIXED INCOME FUND
BEA MUNICIPAL BOND FUND
BEA SHORT DURATION FUND
(INVESTMENT PORTFOLIOS OF THE RBB FUND, INC.)
SUPPLEMENT DATED MAY 29, 1998
TO STATEMENT OF ADDITIONAL INFORMATION DATED DECEMBER 8, 1997
CHANGE IN DISTRIBUTOR
Effective May 29, 1998, Provident Distributors, Inc. ("PDI"), with principal
offices located at Four Falls Corporate Center, 6th Floor, West Conshohocken,
Pennsylvania 19428, will serve as principal underwriter and distributor of
shares of the Funds.
CHANGE IN ADMINISTRATIVE SERVICES AGENT
Effective May 29, 1998, PDI will serve as administrative services agent with
respect to the Funds. The compensation payable to PDI as Administrative Services
Agent shall be the same as the compensation which was payable to Counsellors
Funds Service, Inc. ("Counsellors"), the previous administrative services agent.
Pursuant to an agreement between PDI and Counsellors dated as of May 29, 1998,
PDI has delegated substantially all of its administrative services agent
functions to Counsellors.
<PAGE>
NUMERIC INVESTORS L.P.
N/I NUMERIC INVESTORS MICRO CAP FUND
N/I NUMERIC INVESTORS GROWTH FUND
N/I NUMERIC INVESTORS GROWTH & VALUE FUND
N/I NUMERIC INVESTORS LARGER CAP VALUE FUND
(INVESTMENT PORTFOLIOS OF THE RBB FUND, INC.)
SUPPLEMENT DATED MAY 29, 1998
TO PROSPECTUS DATED DECEMBER 9, 1997
CHANGE IN DISTRIBUTOR
Effective May 29, 1998, Provident Distributors, Inc. ("PDI"), with principal
offices located at Four Falls Corporate Center, 6th Floor, West Conshohocken,
Pennsylvania 19428, will serve as principal underwriter and distributor of
shares of the Funds.
CHANGE IN ADMINISTRATIVE SERVICES AGENT
Effective May 29, 1998, PDI will serve as administrative services agent with
respect to the Funds. The compensation payable to PDI as administrative services
agent shall be the same as the compensation which was payable to Counsellors
Funds Service, Inc. ("Counsellors"), the previous administrative services agent.
<PAGE>
NUMERIC INVESTORS L.P.
N/I NUMERIC INVESTORS MICRO CAP FUND
N/I NUMERIC INVESTORS GROWTH FUND
N/I NUMERIC INVESTORS GROWTH & VALUE FUND
N/I NUMERIC INVESTORS LARGER CAP VALUE FUND
(INVESTMENT PORTFOLIOS OF THE RBB FUND, INC.)
SUPPLEMENT DATED MAY 29, 1998
TO STATEMENT OF ADDITIONAL INFORMATION DATED DECEMBER 9, 1997
CHANGE IN DISTRIBUTOR
Effective May 29, 1998, Provident Distributors, Inc. ("PDI"), with principal
offices located at Four Falls Corporate Center, 6th Floor, West Conshohocken,
Pennsylvania 19428, will serve as principal underwriter and distributor of
shares of the Funds.
CHANGE IN ADMINISTRATIVE SERVICES AGENT
Effective May 29, 1998, PDI will serve as administrative services agent with
respect to the Funds. The compensation payable to PDI as administrative services
agent shall be the same as the compensation which was payable to Counsellors
Funds Service, Inc. ("Counsellors"), the previous administrative services agent.
<PAGE>
BOSTON PARTNERS BOND FUND
(INSTITUTIONAL CLASS)
OF
THE RBB FUND, INC.
SUPPLEMENT DATED MAY 29, 1998
TO THE PROSPECTUS DATED JANUARY 1, 1998
CHANGE IN DISTRIBUTOR
Effective May 29, 1998, Provident Distributors, Inc. (the "Distributor" or
"PDI"), with principal offices located at Four Falls Corporate Center, 6th
Floor, West Conshohocken, Pennsylvania 19428, will serve as principal
underwriter and distributor of shares of the Fund.
CHANGE IN PLAN OF DISTRIBUTION
Effective May 29, 1998, the Plan of Distribution for the Institutional Class,
adopted by the Fund in the manner prescribed by Rule 12b-1 under the Investment
Company Act of 1940, as amended, shall be discontinued. As a result, the section
entitled "Distribution of Shares" is deleted, and the expense table on page 2 of
the Prospectus is changed to read as follows:
EXPENSE TABLE
- --------------------------------------------------------------------------------
The following table illustrates all expenses and fees (after expected fee
waivers and expense reimbursements) that a shareholder would incur in the Fund.
The expenses and fees in the table are based on expenses expected to be incurred
for the Fund's initial fiscal period.
ANNUAL FUND OPERATING EXPENSES (AS A PERCENTAGE OF AVERAGE NET ASSETS)
Management Fees (after waivers)* 0.00%
12b-1 Fees 0.00%
Other Expenses 0.60%
------
Total Fund Operating Expenses (after waivers)* 0.60%
======
*In the absence of fee waivers, Management Fees would be .40% and Total Fund
Operating Expenses would be 1.11%.
EXAMPLE
An investor would pay the following expenses on a $1,000 investment in the
Fund assuming (1) a 5% annual return and (2) redemption at the end of each time
period:
One Year Three Years
Boston Partners Bond Fund 6 19
<PAGE>
The Fee Table is designed to assist an investor in understanding the various
costs and expenses that an investor in the Fund will bear directly or
indirectly. (For more complete descriptions of the various costs and expenses,
see "Management" below.) The Fee Table reflects a voluntary waiver of
"Management Fees" and "Other Expenses" for the Fund, which are expected to be in
effect during the initial fiscal period. However, the Adviser and Distributor
are under no obligation with respect to such waivers and there can be no
assurance that any future waivers of Management fees or Other Expenses will not
vary from the figures reflected in the Fee Table.
ADMINISTRATIVE SERVICES AGENT
Effective May 29, 1998, PDI will act as Administrative Services Agent to the
Fund with respect to its Institutional Class shares, providing certain
administrative services to such Class that are not provided by PFPC. These
services include furnishing corporate secretarial, data processing and clerical
services, acting as liaison between the Fund and the Fund's various service
providers, assisting in coordinating the preparation of reports to shareholders,
including proxy statements and annual, semi-annual and quarterly reports and
generally assisting in monitoring and developing compliance procedures for the
Fund. As compensation for such administrative services, PDI is entitled to a
monthly fee calculated at the annual rate of .15% of the Fund's Institutional
Class' average daily net assets.
CHANGE TO EXCHANGE PRIVILEGE LIMITATIONS
Effective immediately, shareholders of the Fund are entitled to six (6)
exchanges (at least 30 days apart) from the Fund within any twelve month
period.
<PAGE>
BOSTON PARTNERS BOND FUND
(INVESTOR CLASS)
OF
THE RBB FUND, INC.
SUPPLEMENT DATED MAY 29, 1998
TO THE PROSPECTUS DATED JANUARY 1, 1998
CHANGE IN DISTRIBUTOR
Effective May 29, 1998, Provident Distributors, Inc. (the "Distributor" or
"PDI"), with principal offices located at Four Falls Corporate Center, 6th
Floor, West Conshohocken, Pennsylvania 19428, will serve as principal
underwriter and distributor of shares of the Fund.
CHANGE TO EXCHANGE PRIVILEGE LIMITATIONS
Effective immediately, shareholders of the Fund are entitled to six (6)
exchanges (at least 30 days apart) from the Fund within any twelve month
period.
<PAGE>
BOSTON PARTNERS BOND FUND
(INSTITUTIONAL AND INVESTOR CLASSES)
OF
THE RBB FUND, INC.
SUPPLEMENT DATED MAY 29, 1998
TO THE STATEMENT OF ADDITIONAL INFORMATION DATED JANUARY 1, 1998
CHANGE IN DISTRIBUTOR
Effective May 29, 1998, Provident Distributors, Inc. (the "Distributor" or
"PDI"), with principal offices located at Four Falls Corporate Center, 6th
Floor, West Conshohocken, Pennsylvania 19428, will serve as principal
underwriter and distributor of shares of the Fund.
CHANGE IN PLAN OF DISTRIBUTION
Effective May 29, 1998, the Plan of Distribution for the Institutional Class,
adopted by the Fund in the manner prescribed by Rule 12b-1 under the Investment
Company Act of 1940, as amended, shall be discontinued.
ADMINISTRATIVE SERVICES AGENT
Effective May 29, 1998, PDI will act as Administrative Services Agent to the
Fund with respect to its Institutional Class shares, providing certain
administrative services to such Class that are not provided by PFPC. These
services include furnishing corporate secretarial, data processing and clerical
services, acting as liaison between the Fund and the Fund's various service
providers, assisting in coordinating the preparation of reports to shareholders,
including proxy statements and annual, semi-annual and quarterly reports and
generally assisting in monitoring and developing compliance procedures for the
Fund. As compensation for such administrative services, PDI is entitled to a
monthly fee calculated at the annual rate of .15% of the Fund's Institutional
Class' average daily net assets.
<PAGE>
CASH PRESERVATION PORTFOLIOS
MONEY MARKET PORTFOLIO
MUNICIPAL MONEY MARKET PORTFOLIO
(INVESTMENT PORTFOLIOS OF THE RBB FUND, INC.)
SUPPLEMENT DATED MAY 29, 1998
TO PROSPECTUS DATED DECEMBER 1, 1997
CHANGE IN DISTRIBUTOR
Effective May 29, 1998, Provident Distributors, Inc. ("PDI"), with principal
offices located at Four Falls Corporate Center, 6th Floor, West Conshohocken,
Pennsylvania 19428, will serve as principal underwriter and distributor of
shares of the Portfolios.
CHANGE IN INVESTMENT ADVISER'S NAME
PNC Institutional Management Corporation ("PIMC"), the Portfolios' investment
adviser, has changed its name to BlackRock Institutional Management Corporation
("BIMC").
ASSUMPTION OF SUB-ADVISORY RESPONSIBILITIES
The sub-advisory agreement between BIMC and PNC Bank, N.A. has been
terminated. BIMC has assumed the Bank's responsibilities under the
sub-advisory agreement.
<PAGE>
CASH PRESERVATION PORTFOLIOS
MONEY MARKET PORTFOLIO
MUNICIPAL MONEY MARKET PORTFOLIO
(INVESTMENT PORTFOLIOS OF THE RBB FUND, INC.)
SUPPLEMENT DATED MAY 29, 1998
TO STATEMENT OF ADDITIONAL INFORMATION DATED DECEMBER 1, 1997
CHANGE IN DISTRIBUTOR
Effective May 29, 1998, Provident Distributors, Inc. ("PDI"), with principal
offices located at Four Falls Corporate Center, 6th Floor, West Conshohocken,
Pennsylvania 19428, will serve as principal underwriter and distributor of
shares of the Portfolios.
CHANGE IN INVESTMENT ADVISER'S NAME
PNC Institutional Management Corporation ("PIMC"), the Portfolios' investment
adviser, has changed its name to BlackRock Institutional Management Corporation
("BIMC").
ASSUMPTION OF SUB-ADVISORY RESPONSIBILITIES
The sub-advisory agreement between BIMC and PNC Bank, N.A. has been
terminated. BIMC has assumed the Bank's responsibilities under the
sub-advisory agreement.
<PAGE>
GOVERNMENT SECURITIES PORTFOLIO
(THE RBB CLASS)
(INVESTMENT PORTFOLIO OF THE RBB FUND, INC.)
SUPPLEMENT DATED MAY 29, 1998
TO PROSPECTUS DATED DECEMBER 1, 1997
CHANGE IN DISTRIBUTOR
Effective May 29, 1998, Provident Distributors, Inc. ("PDI"), with principal
offices located at Four Falls Corporate Center, 6th Floor, West Conshohocken,
Pennsylvania 19428, will serve as principal underwriter and distributor of
shares of the Portfolio.
CHANGE IN INVESTMENT ADVISER'S NAME
PNC Institutional Management Corporation ("PIMC"), the Portfolio's investment
adviser, has changed its name to BlackRock Institutional Management Corporation
("BIMC").
<PAGE>
GOVERNMENT SECURITIES PORTFOLIO
(THE RBB CLASS)
(INVESTMENT PORTFOLIO OF THE RBB FUND, INC.)
SUPPLEMENT DATED MAY 29, 1998
TO STATEMENT OF ADDITIONAL INFORMATION DATED DECEMBER 1, 1997
CHANGE IN DISTRIBUTOR
Effective May 29, 1998, Provident Distributors, Inc. ("PDI"), with principal
offices located at Four Falls Corporate Center, 6th Floor, West Conshohocken,
Pennsylvania 19428, will serve as principal underwriter and distributor of
shares of the Portfolio.
CHANGE IN INVESTMENT ADVISER'S NAME
PNC Institutional Management Corporation ("PIMC"), the Portfolio's investment
adviser, has changed its name to BlackRock Institutional Management Corporation
("BIMC").
<PAGE>
THE SANSOM STREET FAMILY
MONEY MARKET PORTFOLIO
MUNICIPAL MONEY MARKET PORTFOLIO
GOVERNMENT OBLIGATIONS MONEY MARKET PORTFOLIO
(INVESTMENT PORTFOLIOS OF THE RBB FUND, INC.)
SUPPLEMENT DATED MAY 29, 1998
TO PROSPECTUS DATED DECEMBER 1, 1997
CHANGE IN DISTRIBUTOR
Effective May 29, 1998, Provident Distributors, Inc. ("PDI"), with principal
offices located at Four Falls Corporate Center, 6th Floor, West Conshohocken,
Pennsylvania 19428, will serve as principal underwriter and distributor of
shares of the Portfolios.
CHANGE IN INVESTMENT ADVISER'S NAME
PNC Institutional Management Corporation ("PIMC"), the Portfolios' investment
adviser, has changed its name to BlackRock Institutional Management Corporation
("BIMC").
ASSUMPTION OF SUB-ADVISORY RESPONSIBILITIES
The sub-advisory agreement between BIMC and PNC Bank, N.A. has been
terminated. BIMC has assumed the Bank's responsibilities under the
sub-advisory agreement.
<PAGE>
THE SANSOM STREET FAMILY
MONEY MARKET PORTFOLIO
MUNICIPAL MONEY MARKET PORTFOLIO
GOVERNMENT OBLIGATIONS MONEY MARKET PORTFOLIO
(INVESTMENT PORTFOLIOS OF THE RBB FUND, INC.)
SUPPLEMENT DATED MAY 29, 1998
TO STATEMENT OF ADDITIONAL INFORMATION DATED DECEMBER 1, 1997
CHANGE IN DISTRIBUTOR
Effective May 29, 1998, Provident Distributors, Inc. ("PDI"), with principal
offices located at Four Falls Corporate Center, 6th Floor, West Conshohocken,
Pennsylvania 19428, will serve as principal underwriter and distributor of
shares of the Portfolios.
CHANGE IN INVESTMENT ADVISER'S NAME
PNC Institutional Management Corporation ("PIMC"), the Portfolios' investment
adviser, has changed its name to BlackRock Institutional Management Corporation
("BIMC").
ASSUMPTION OF SUB-ADVISORY RESPONSIBILITIES
The sub-advisory agreement between BIMC and PNC Bank, N.A. has been
terminated. BIMC has assumed the Bank's responsibilities under the
sub-advisory agreement.
<PAGE>
ROBERTSON STEPHENS MONEY MARKET PORTFOLIO
(INVESTMENT PORTFOLIO OF THE RBB FUND, INC.)
SUPPLEMENT DATED MAY 29, 1998
TO PROSPECTUS DATED DECEMBER 1, 1997
CHANGE IN DISTRIBUTOR
Effective May 29, 1998, Provident Distributors, Inc. ("PDI"), with principal
offices located at Four Falls Corporate Center, 6th Floor, West Conshohocken,
Pennsylvania 19428, will serve as principal underwriter and distributor of
shares of the Portfolio.
CHANGE IN INVESTMENT ADVISER'S NAME
PNC Institutional Management Corporation ("PIMC"), the Portfolio's investment
adviser, has changed its name to BlackRock Institutional Management Corporation
("BIMC").
ASSUMPTION OF SUB-ADVISORY RESPONSIBILITIES
The sub-advisory agreement between BIMC and PNC Bank, N.A. has been
terminated. BIMC has assumed the Bank's responsibilities under the
sub-advisory agreement.
<PAGE>
ROBERTSON STEPHENS MONEY MARKET PORTFOLIO
(INVESTMENT PORTFOLIO OF THE RBB FUND, INC.)
SUPPLEMENT DATED MAY 29, 1998
TO STATEMENT OF ADDITIONAL INFORMATION DATED DECEMBER 1, 1997
CHANGE IN DISTRIBUTOR
Effective May 29, 1998, Provident Distributors, Inc. ("PDI"), with principal
offices located at Four Falls Corporate Center, 6th Floor, West Conshohocken,
Pennsylvania 19428, will serve as principal underwriter and distributor of
shares of the Portfolio.
CHANGE IN INVESTMENT ADVISER'S NAME
PNC Institutional Management Corporation ("PIMC"), the Portfolio's investment
adviser, has changed its name to BlackRock Institutional Management Corporation
("BIMC").
ASSUMPTION OF SUB-ADVISORY RESPONSIBILITIES
The sub-advisory agreement between BIMC and PNC Bank, N.A. has been
terminated. BIMC has assumed the Bank's responsibilities under the
sub-advisory agreement.
<PAGE>
THE BEDFORD FAMILY
MONEY MARKET PORTFOLIO
MUNICIPAL MONEY MARKET PORTFOLIO
GOVERNMENT OBLIGATIONS MONEY MARKET PORTFOLIO
(INVESTMENT PORTFOLIOS OF THE RBB FUND, INC.)
SUPPLEMENT DATED MAY 29, 1998
TO PROSPECTUS DATED DECEMBER 1, 1997
CHANGE IN DISTRIBUTOR
Effective May 29, 1998, Provident Distributors, Inc. ("PDI"), with principal
offices located at Four Falls Corporate Center, 6th Floor, West Conshohocken,
Pennsylvania 19428, will serve as principal underwriter and distributor of
shares of the Portfolios.
CHANGE IN INVESTMENT ADVISER'S NAME
PNC Institutional Management Corporation ("PIMC"), the Portfolios' investment
adviser, has changed its name to BlackRock Institutional Management Corporation
("BIMC").
ASSUMPTION OF SUB-ADVISORY RESPONSIBILITIES
The sub-advisory agreement between BIMC and PNC Bank, N.A. has been
terminated. BIMC has assumed the Bank's responsibilities under the
sub-advisory agreement.
<PAGE>
KENNEDY CABOT
THE BEDFORD FAMILY
MONEY MARKET PORTFOLIO
MUNICIPAL MONEY MARKET PORTFOLIO
GOVERNMENT OBLIGATIONS MONEY MARKET PORTFOLIO
(INVESTMENT PORTFOLIOS OF THE RBB FUND, INC.)
SUPPLEMENT DATED MAY 29, 1998
TO PROSPECTUS DATED DECEMBER 1, 1997
CHANGE IN DISTRIBUTOR
Effective May 29, 1998, Provident Distributors, Inc. ("PDI"), with principal
offices located at Four Falls Corporate Center, 6th Floor, West Conshohocken,
Pennsylvania 19428, will serve as principal underwriter and distributor of
shares of the Portfolios.
CHANGE IN INVESTMENT ADVISER'S NAME
PNC Institutional Management Corporation ("PIMC"), the Portfolios' investment
adviser, has changed its name to BlackRock Institutional Management Corporation
("BIMC").
ASSUMPTION OF SUB-ADVISORY RESPONSIBILITIES
The sub-advisory agreement between BIMC and PNC Bank, N.A. has been
terminated. BIMC has assumed the Bank's responsibilities under the
sub-advisory agreement.
<PAGE>
MORGAN KEEGAN & COMPANY, INC.
THE BEDFORD FAMILY
MONEY MARKET PORTFOLIO
MUNICIPAL MONEY MARKET PORTFOLIO
GOVERNMENT OBLIGATIONS MONEY MARKET PORTFOLIO
(INVESTMENT PORTFOLIOS OF THE RBB FUND, INC.)
SUPPLEMENT DATED MAY 29, 1998
TO PROSPECTUS DATED DECEMBER 1, 1997
CHANGE IN DISTRIBUTOR
Effective May 29, 1998, Provident Distributors, Inc. ("PDI"), with principal
offices located at Four Falls Corporate Center, 6th Floor, West Conshohocken,
Pennsylvania 19428, will serve as principal underwriter and distributor of
shares of the Portfolios.
CHANGE IN INVESTMENT ADVISER'S NAME
PNC Institutional Management Corporation ("PIMC"), the Portfolios' investment
adviser, has changed its name to BlackRock Institutional Management Corporation
("BIMC").
ASSUMPTION OF SUB-ADVISORY RESPONSIBILITIES
The sub-advisory agreement between BIMC and PNC Bank, N.A. has been
terminated. BIMC has assumed the Bank's responsibilities under the
sub-advisory agreement.
<PAGE>
THE BEDFORD FAMILY
MONEY MARKET PORTFOLIO
MUNICIPAL MONEY MARKET PORTFOLIO
GOVERNMENT OBLIGATIONS MONEY MARKET PORTFOLIO
(INVESTMENT PORTFOLIOS OF THE RBB FUND, INC.)
SUPPLEMENT DATED MAY 29, 1998
TO STATEMENT OF ADDITIONAL INFORMATION DATED DECEMBER 1, 1997
CHANGE IN DISTRIBUTOR
Effective May 29, 1998, Provident Distributors, Inc. ("PDI"), with principal
offices located at Four Falls Corporate Center, 6th Floor, West Conshohocken,
Pennsylvania 19428, will serve as principal underwriter and distributor of
shares of the Portfolios.
CHANGE IN INVESTMENT ADVISER'S NAME
PNC Institutional Management Corporation ("PIMC"), the Portfolios' investment
adviser, has changed its name to BlackRock Institutional Management Corporation
("BIMC").
ASSUMPTION OF SUB-ADVISORY RESPONSIBILITIES
The sub-advisory agreement between BIMC and PNC Bank, N.A. has been
terminated. BIMC has assumed the Bank's responsibilities under the
sub-advisory agreement.
<PAGE>
THE BEDFORD FAMILY
MONEY MARKET PORTFOLIO
MUNICIPAL MONEY MARKET PORTFOLIO
GOVERNMENT OBLIGATIONS MONEY MARKET PORTFOLIO
NEW YORK MUNICIPAL MONEY MARKET PORTFOLIO
(INVESTMENT PORTFOLIOS OF THE RBB FUND, INC.)
SUPPLEMENT DATED MAY 29, 1998
TO STATEMENT OF ADDITIONAL INFORMATION DATED DECEMBER 1, 1997
CHANGE IN DISTRIBUTOR
Effective May 29, 1998, Provident Distributors, Inc. ("PDI"), with principal
offices located at Four Falls Corporate Center, 6th Floor, West Conshohocken,
Pennsylvania 19428, will serve as principal underwriter and distributor of
shares of the Portfolios.
CHANGE IN INVESTMENT ADVISER'S NAME
PNC Institutional Management Corporation ("PIMC"), the Portfolios' investment
adviser, has changed its name to BlackRock Institutional Management Corporation
("BIMC").
ASSUMPTION OF SUB-ADVISORY RESPONSIBILITIES
The sub-advisory agreement between BIMC and PNC Bank, N.A. has been
terminated. BIMC has assumed the Bank's responsibilities under the
sub-advisory agreement.
<PAGE>
THE BEDFORD FAMILY
MUNICIPAL MONEY MARKET PORTFOLIO
(INVESTMENT PORTFOLIO OF THE RBB FUND, INC.)
SUPPLEMENT DATED MAY 29, 1998
TO PROSPECTUS DATED DECEMBER 1, 1997
CHANGE IN DISTRIBUTOR
Effective May 29, 1998, Provident Distributors, Inc. ("PDI"), with principal
offices located at Four Falls Corporate Center, 6th Floor, West Conshohocken,
Pennsylvania 19428, will serve as principal underwriter and distributor of
shares of the Portfolio.
CHANGE IN INVESTMENT ADVISER'S NAME
PNC Institutional Management Corporation ("PIMC"), the Portfolio's investment
adviser, has changed its name to BlackRock Institutional Management Corporation
("BIMC").
ASSUMPTION OF SUB-ADVISORY RESPONSIBILITIES
The sub-advisory agreement between BIMC and PNC Bank, N.A. has been
terminated. BIMC has assumed the Bank's responsibilities under the
sub-advisory agreement.
<PAGE>
THE BEDFORD FAMILY
MUNICIPAL MONEY MARKET PORTFOLIO
(INVESTMENT PORTFOLIO OF THE RBB FUND, INC.)
SUPPLEMENT DATED MAY 29, 1998
TO STATEMENT OF ADDITIONAL INFORMATION DATED DECEMBER 1, 1997
CHANGE IN DISTRIBUTOR
Effective May 29, 1998, Provident Distributors, Inc. ("PDI"), with principal
offices located at Four Falls Corporate Center, 6th Floor, West Conshohocken,
Pennsylvania 19428, will serve as principal underwriter and distributor of
shares of the Portfolio.
CHANGE IN INVESTMENT ADVISER'S NAME
PNC Institutional Management Corporation ("PIMC"), the Portfolio's investment
adviser, has changed its name to BlackRock Institutional Management Corporation
("BIMC").
ASSUMPTION OF SUB-ADVISORY RESPONSIBILITIES
The sub-advisory agreement between BIMC and PNC Bank, N.A. has been
terminated. BIMC has assumed the Bank's responsibilities under the
sub-advisory agreement.
<PAGE>
THE BEDFORD FAMILY
GOVERNMENT OBLIGATIONS MONEY MARKET PORTFOLIO
(INVESTMENT PORTFOLIO OF THE RBB FUND, INC.)
SUPPLEMENT DATED MAY 29, 1998
TO PROSPECTUS DATED DECEMBER 1, 1997
CHANGE IN DISTRIBUTOR
Effective May 29, 1998, Provident Distributors, Inc. ("PDI"), with principal
offices located at Four Falls Corporate Center, 6th Floor, West Conshohocken,
Pennsylvania 19428, will serve as principal underwriter and distributor of
shares of the Portfolio.
CHANGE IN INVESTMENT ADVISER'S NAME
PNC Institutional Management Corporation ("PIMC"), the Portfolio's investment
adviser, has changed its name to BlackRock Institutional Management Corporation
("BIMC").
ASSUMPTION OF SUB-ADVISORY RESPONSIBILITIES
The sub-advisory agreement between BIMC and PNC Bank, N.A. has been
terminated. BIMC has assumed the Bank's responsibilities under the
sub-advisory agreement.
<PAGE>
THE BEDFORD FAMILY
GOVERNMENT OBLIGATIONS MONEY MARKET PORTFOLIO
(INVESTMENT PORTFOLIO OF THE RBB FUND, INC.)
SUPPLEMENT DATED MAY 29, 1998
TO STATEMENT OF ADDITIONAL INFORMATION DATED DECEMBER 1, 1997
CHANGE IN DISTRIBUTOR
Effective May 29, 1998, Provident Distributors, Inc. ("PDI"), with principal
offices located at Four Falls Corporate Center, 6th Floor, West Conshohocken,
Pennsylvania 19428, will serve as principal underwriter and distributor of
shares of the Portfolio.
CHANGE IN INVESTMENT ADVISER'S NAME
PNC Institutional Management Corporation ("PIMC"), the Portfolio's investment
adviser, has changed its name to BlackRock Institutional Management Corporation
("BIMC").
ASSUMPTION OF SUB-ADVISORY RESPONSIBILITIES
The sub-advisory agreement between BIMC and PNC Bank, N.A. has been
terminated. BIMC has assumed the Bank's responsibilities under the
sub-advisory agreement.
<PAGE>
THE BEDFORD FAMILY
BEAR STEARNS MONEY MARKET PORTFOLIO
(INVESTMENT PORTFOLIO OF THE RBB FUND, INC.)
SUPPLEMENT DATED MAY 29, 1998
TO PROSPECTUS DATED DECEMBER 1, 1997
CHANGE IN DISTRIBUTOR
Effective May 29, 1998, Provident Distributors, Inc. ("PDI"), with principal
offices located at Four Falls Corporate Center, 6th Floor, West Conshohocken,
Pennsylvania 19428, will serve as principal underwriter and distributor of
shares of the Portfolio.
CHANGE IN INVESTMENT ADVISER'S NAME
PNC Institutional Management Corporation ("PIMC"), the Portfolio's investment
adviser, has changed its name to BlackRock Institutional Management Corporation
("BIMC").
ASSUMPTION OF SUB-ADVISORY RESPONSIBILITIES
The sub-advisory agreement between BIMC and PNC Bank, N.A. has been
terminated. BIMC has assumed the Bank's responsibilities under the
sub-advisory agreement.
<PAGE>
THE BEDFORD FAMILY
BEAR STEARNS MONEY MARKET PORTFOLIO
(INVESTMENT PORTFOLIO OF THE RBB FUND, INC.)
SUPPLEMENT DATED MAY 29, 1998
TO STATEMENT OF ADDITIONAL INFORMATION DATED DECEMBER 1, 1997
CHANGE IN DISTRIBUTOR
Effective May 29, 1998, Provident Distributors, Inc. ("PDI"), with principal
offices located at Four Falls Corporate Center, 6th Floor, West Conshohocken,
Pennsylvania 19428, will serve as principal underwriter and distributor of
shares of the Portfolio.
CHANGE IN INVESTMENT ADVISER'S NAME
PNC Institutional Management Corporation ("PIMC"), the Portfolio's investment
adviser, has changed its name to BlackRock Institutional Management Corporation
("BIMC").
ASSUMPTION OF SUB-ADVISORY RESPONSIBILITIES
The sub-advisory agreement between BIMC and PNC Bank, N.A. has been
terminated. BIMC has assumed the Bank's responsibilities under the
sub-advisory agreement.
<PAGE>
THE JANNEY MONTGOMERY SCOTT MONEY FUNDS
MONEY MARKET PORTFOLIO
MUNICIPAL MONEY MARKET PORTFOLIO
GOVERNMENT OBLIGATIONS MONEY MARKET PORTFOLIO
NEW YORK MUNICIPAL MONEY MARKET PORTFOLIO
(INVESTMENT PORTFOLIOS OF THE RBB FUND, INC.)
SUPPLEMENT DATED MAY 29, 1998
TO PROSPECTUS DATED DECEMBER 1, 1997
CHANGE IN DISTRIBUTOR
Effective May 29, 1998, Provident Distributors, Inc. ("PDI"), with principal
offices located at Four Falls Corporate Center, 6th Floor, West Conshohocken,
Pennsylvania 19428, will serve as principal underwriter and distributor of
shares of the Portfolios.
CHANGE IN INVESTMENT ADVISER'S NAME
PNC Institutional Management Corporation ("PIMC"), the Portfolios' investment
adviser, has changed its name to BlackRock Institutional Management Corporation
("BIMC").
ASSUMPTION OF SUB-ADVISORY RESPONSIBILITIES
The sub-advisory agreement between BIMC and PNC Bank, N.A. has been
terminated. BIMC has assumed the Bank's responsibilities under the
sub-advisory agreement.
<PAGE>
THE JANNEY MONTGOMERY SCOTT MONEY FUNDS
MONEY MARKET PORTFOLIO
MUNICIPAL MONEY MARKET PORTFOLIO
GOVERNMENT OBLIGATIONS MONEY MARKET PORTFOLIO
NEW YORK MUNICIPAL MONEY MARKET PORTFOLIO
(INVESTMENT PORTFOLIOS OF THE RBB FUND, INC.)
SUPPLEMENT DATED MAY 29, 1998
TO STATEMENT OF ADDITIONAL INFORMATION DATED DECEMBER 1, 1997
CHANGE IN DISTRIBUTOR
Effective May 29, 1998, Provident Distributors, Inc. ("PDI"), with principal
offices located at Four Falls Corporate Center, 6th Floor, West Conshohocken,
Pennsylvania 19428, will serve as principal underwriter and distributor of
shares of the Portfolios.
CHANGE IN INVESTMENT ADVISER'S NAME
PNC Institutional Management Corporation ("PIMC"), the Portfolios' investment
adviser, has changed its name to BlackRock Institutional Management Corporation
("BIMC").
ASSUMPTION OF SUB-ADVISORY RESPONSIBILITIES
The sub-advisory agreement between BIMC and PNC Bank, N.A. has been
terminated. BIMC has assumed the Bank's responsibilities under the
sub-advisory agreement.
