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AHA INVESTMENT FUNDS, INC.
SUPPLEMENT DATED JUNE 11, 1999 TO
PROSPECTUS DATED OCTOBER 30, 1998
THIS INFORMATION SUPPLEMENTS THE PROSPECTUS OF AHA INVESTMENT FUNDS,
INC. (THE "FUND") DATED OCTOBER 30, 1998. THIS SUPPLEMENT, TOGETHER WITH THE
PROSPECTUS, CONSTITUTE THE CURRENT PROSPECTUS OF THE FUND.
CHANGE IN INVESTMENT MANAGERS FOR THE BALANCED PORTFOLIO
Effective as of June 15, 1999, Investment Research Company ("IRC"),
which currently serves as an investment manager of the Diversified Equity
Portfolio, has been added as an investment manager of the Balanced Portfolio.
The current investment managers of the Balanced Portfolio, Cambiar Investors
Inc. and Western Asset Management Company, will continue to serve in that
capacity.
RISKS ASSOCIATED WITH THE YEAR 2000 PROBLEM
Many computer systems were designed using only two digits to signify
the year (for example "98" for "1998"). On January 1, 2000, if these computer
systems are not corrected, they may, for example, incorrectly interpret "00" as
the year 1900 rather than the year 2000. This could potentially lead to
computer shutdowns or errors (commonly known as the "Year 2000 Problem"). To
the extent these systems conduct forward-looking calculations, these computer
problems may occur before January 1, 2000.
Like other investment companies and financial and business
organizations, the Fund could be adversely affected in its ability to process
securities trades, price securities, provide shareholder account services and
otherwise conduct normal business operations if the computer systems used by
Hewitt Associates LLC, the Fund's investment consultant, the Fund's portfolio
managers or the Fund's other service providers do not adequately address the
Year 2000 Problem in a timely manner.
Hewitt Associates has taken reasonable steps to ensure that the
systems it uses to provide services to the Fund will not experience any material
difficulties because of the Year 2000 Problem. Additionally, Hewitt Associates
has sought assurances from the Fund's portfolio managers and other service
providers that they are taking steps reasonably necessary so that they do not
experience material difficulties because of the Year 2000 Problem. Moreover,
the Fund has been advised by its portfolio managers that they have undertaken
measures to appropriately take into account available information concerning the
Year 2000 preparedness of the issuers of securities held by the Fund. The
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portfolio managers may obtain such Year 2000 information from various sources
believed to be reliable, including the issuers' public regulatory filings.
However, neither the Fund nor Hewitt Associates is in a position to verify the
accuracy or completeness or such information.
At this time, however, despite the actions taken by Hewitt Associates,
the Fund's portfolio managers and the Fund's other service providers, as well as
by issuers of securities held by the Fund, the Fund may nevertheless experience
adverse effects as a result of the Year 2000 Problem.
