BEDFORD
MONEY MARKET PORTFOLIO
OF
THE RBB FUND, INC.
SUPPLEMENT DATED AUGUST 17, 2000
TO
PROSPECTUS DATED DECEMBER 1, 1999
Capitalized terms not defined in this Supplement have the meaning
assigned to them in the Prospectus.
The Annual Fund Operating Expenses table for the Money Market Portfolio
is revised as follows:
ANNUAL FUND OPERATING EXPENSES*
(Expenses that are deducted from fund assets)
Management Fees1 ...................................0.36%
Distribution and service (12b-1) fees...............0.65%
Other expenses......................................0.13%
----
Total annual fund operating expenses2...............1.14%
====
* The table does not reflect charges or credits which investors might
incur if they invest through a financial institution.
1. BIMC has voluntarily undertaken that a portion of its management fee
will not be imposed on the fund during the current fiscal year ending August 31,
2000. As a result of the fee waiver, current management fees of the fund are
0.22% of average daily net assets. This waiver is expected to remain in effect
for the current fiscal year. However, it is voluntary and can be modified or
terminated at any time without the fund's consent.
2. As a result of the fee waiver set forth in note 1, total annual
operating expenses which are estimated to be incurred during the current fiscal
year are 1.00%. Although this fee waiver is expected to remain in effect for the
current fiscal year, it is voluntary and may be terminated at any time at the
option of BIMC.
<PAGE>
EXAMPLE
This example is intended to help you compare the cost of investing in the fund
with the cost of investing in other mutual funds. The example assumes that you
invest $10,000 in the fund for the time periods indicated and then redeem all of
your shares at the end of each period. The example also assumes that your
investment has a 5% return each year and that the fund's operating expenses
remain the same. Although your actual costs may be higher or lower, based on
these assumptions your costs would be:
1 YEAR 3 YEARS 5 YEARS 10 YEARS
------ ------- ------- --------
Bedford Shares......... $116 $362 $628 $1,386
The following sentence replaces the fourth sentence of the second
paragraph under the heading "Distribution Arrangements" on page 18:
Effective August 17, 2000 the Distributor has agreed to accept
compensation for its services under the Distribution Agreement and under the
Plan in the amount of .65% of the average daily net assets of the Class on an
annualized basis in any year.
-2-
<PAGE>
BEDFORD
MUNICIPAL MONEY MARKET PORTFOLIO
OF
THE RBB FUND, INC.
SUPPLEMENT DATED AUGUST 17, 2000
TO
PROSPECTUS DATED DECEMBER 1, 1999
Capitalized terms not defined in this Supplement have the meaning
assigned to them in the Prospectus.
The Annual Fund Operating Expenses table for the Municipal Money Market
Portfolio is revised as follows:
ANNUAL FUND OPERATING EXPENSES*
(Expenses that are deducted from fund assets)
Management Fees1 ...................................0.35%
Distribution and service (12b-1) fees...............0.65%
Other expenses......................................0.21%
----
Total annual fund operating expenses2...............1.21%
====
* The table does not reflect charges or credits which investors might
incur if they invest through a financial institution.
1. BIMC has voluntarily undertaken that a portion of its management fee
will not be imposed on the fund during the current fiscal year ending August 31,
2000. As a result of the fee waiver, current management fees of the fund are
0.04% of average daily net assets. This waiver is expected to remain in effect
for the current fiscal year. However, it is voluntary and can be modified or
terminated at any time without the fund's consent.
2. As a result of the fee waiver set forth in note 1, total annual
operating expenses which are estimated to be incurred during the current fiscal
year are 0.90%. Although this fee waiver is expected to remain in effect for the
current fiscal year, it is voluntary and may be terminated at any time at the
option of BIMC.
<PAGE>
EXAMPLE
This example is intended to help you compare the cost of investing in the fund
with the cost of investing in other mutual funds. The example assumes that you
invest $10,000 in the fund for the time periods indicated and then redeem all of
your shares at the end of each period. The example also assumes that your
investment has a 5% return each year and that the fund's operating expenses
remain the same. Although your actual costs may be higher or lower, based on
these assumptions your costs would be:
1 YEAR 3 YEARS 5 YEARS 10 YEARS
------ ------- ------- --------
Bedford Shares............ $123 $384 $665 $1,466
The following sentence replaces the fourth sentence of the second
paragraph under the heading "Distribution Arrangements" on page 18:
Effective August 17, 2000 the Distributor has agreed to accept
compensation for its services under the Distribution Agreement and under the
Plan in the amount of .65% of the average daily net assets of the Class on an
annualized basis in any year.
-2-
<PAGE>
THE BEDFORD FAMILY MONEY MARKET PORTFOLIOS
OF
THE RBB FUND, INC.
MONEY MARKET PORTFOLIO
MUNICIPAL MONEY MARKET PORTFOLIO
GOVERNMENT OBLIGATIONS MONEY MARKET PORTFOLIO
SUPPLEMENT DATED AUGUST 17, 2000
TO
PROSPECTUS DATED DECEMBER 1, 1999
Capitalized terms not defined in this Supplement have the meaning
assigned to them in the Prospectus.
The Annual Fund Operating Expenses tables for the Money Market,
Muncipal Money Market and Government Obligations Money Market Portfolios are
revised as follows:
<TABLE>
<CAPTION>
ANNUAL FUND OPERATING Government
EXPENSES (Expenses that are Obligations
deducted from fund assets)* Money Market Municipal Money Money Market
Portfolio Market Portfolio Portfolio
------------ ---------------- ------------
<S> <C> <C> <C>
Management Fees1......................... 0.36% 0.35% 0.42%
Distribution and service (12b-1) fees.... 0.65% 0.65% 0.65%
Other expenses........................... 0.13% 0.21% 0.11%
---- ---- ----
Total annual fund operating expenses2.... 1.14% 1.21% 1.18%
==== ==== ====
</TABLE>
* The table does not reflect charges or credits which investors might
incur if they invest through a financial institution.
1. BIMC has voluntarily undertaken that a portion of its management fee
will not be imposed on the funds during the current fiscal year ending August
31, 2000. As a result of the fee waiver, current management fees of the Money
Market, Municipal Money Market and Government Obligations Money Market
Portfolios are 0.22%, 0.04% and 0.24% of their respective average daily net
assets. This waiver is expected to remain in effect for the current fiscal year.
However, it is voluntary and can be modified or terminated at any time without
the fund's consent.
2. As a result of the fee waiver set forth in note 1, total annual
operating expenses which are estimated to be incurred during the current fiscal
year for the Money Market, Municipal Money Market and Government Obligations
Money Market Portfolios are 1.00%, 0.90% and 1.00%,
-2-
<PAGE>
respectively. Although this fee waiver is expected to remain in effect for the
current fiscal year, it is voluntary and may be terminated at any time at the
option of BIMC.
EXAMPLE
This example is intended to help you compare the cost of investing in the funds
with the cost of investing in other mutual funds. The example assumes that you
invest $10,000 in the funds for the time periods indicated and then redeem all
of your shares at the end of each period. The example also assumes that your
investment has a 5% return each year and that the funds' operating expenses
remain the same. Although your actual costs may be higher or lower, based on
these assumptions your costs would be:
<TABLE>
<CAPTION>
1 YEAR 3 YEARS 5 YEARS 10 YEARS
------ ------- ------- --------
<S> <C> <C> <C> <C>
Money Market Portfolio..............................$116 $362 $628 $1,386
Municipal Money Market Portfolio....................$123 $384 $665 $1,466
Government Obligations Money Market Portfolio.......$120 $375 $649 $1,432
</TABLE>
The following sentence replaces the fourth sentence of the second
paragraph under the heading "Distribution Arrangements" on page 28:
Effective August 17, 2000 the Distributor has agreed to accept
compensation for its services under the Distribution Agreement and under the
Plans in the amount of .65% of the average daily net assets of the relevant
Class on an annualized basis in any year.
-2-
<PAGE>
DRINKER BIDDLE & REATH LLP
One Logan Square
18th & Cherry Streets
Philadelphia, PA 19103-6996
(215) 988-2700
August 17, 2000
VIA EDGAR TRANSMISSION
----------------------
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: The RBB Fund, Inc. (the "Registrant")
REGISTRATION NOS. 33-20827/811-5518
-----------------------------------
Ladies and Gentlemen:
On behalf of the Registrant and pursuant to Rule 497(e) of the
Securities Act of 1933, as amended, transmitted herewith for filing are
supplements dated August 17, 2000 to the Registrant's Bedford Municipal Money
Market, Money Market and Bedford Family Money Market Portfolios' Prospectuses
dated December 1, 1999.
If you have any questions about the enclosed, please call me at (215)
988-2699.
Very truly yours,
/S/ NANCY P. O'HARA
-------------------
Nancy P. O'Hara
Enclosure
cc: Michael P. Malloy
