<PAGE>
AHA INVESTMENT FUNDS, INC.
LIMITED MATURITY FIXED INCOME PORTFOLIO
FULL MATURITY FIXED INCOME PORTFOLIO
DIVERSIFIED EQUITY PORTFOLIO
BALANCED PORTFOLIO
SUPPLEMENT TO PROSPECTUS
DATED NOVEMBER 1, 1999
Effective July 1, 2000, Baird Advisors replaced Firstar Investment Research
& Management Company LLC as co-manager of the Full Maturity Fixed Income
Portfolio. Information regarding Baird Advisors and its personnel responsible
for making investment decisions for the Full Maturity Fixed Income Portfolio is
as follows on page 28 of the Prospectus under the caption "The Investment
Manager Profiles":
BAIRD ADVISORS, 777 East Wisconsin Avenue, Suite 2100, Milwaukee, Wisconsin
53202 is an institutional fixed income department within Robert W. Baird &
Co. Incorporated, a majority owned subsidiary of Northwestern Mutual Life
Insurance Co., and has approximately $6.6 billion in assets under
management.
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<CAPTION>
<S> <C>
Gary A. Elfe Daniel A. Tranchita, CFA
Managing Director Senior Vice President
Baird Advisors (2000-present) Baird Advisors (2000-present)
Firstar Investment Research & Firstar Investment Research &
Management Company, LLC Management Company, LLC
(1978-2000) (1989-2000)
AHA Investment Funds, Inc. AHA Investment Funds, Inc.
Portfolio Manager (1996-present) Portfolio Manager (1996-present)
</TABLE>
THE DATE OF THIS SUPPLEMENT IS SEPTEMBER 26, 2000.
<PAGE>
AHA INVESTMENT FUNDS, INC.
LIMITED MATURITY FIXED INCOME PORTFOLIO
FULL MATURITY FIXED INCOME PORTFOLIO
DIVERSIFIED EQUITY PORTFOLIO
BALANCED PORTFOLIO
SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
DATED NOVEMBER 1, 1999
Effective July 1, 2000, Baird Advisors replaced Firstar Investment Research
& Management Company LLC as co-manager of the Full Maturity Fixed Income
Portfolio. Information regarding Baird Advisors and the action of the Board of
Directors to approve the advisory agreement with Baird Advisors is as follows on
pages B-5 and B-6 of the Statement of Additional Information under the caption
"The Investment Managers":
Baird Advisors is a division of Robert W. Baird & Co. Incorporated, which is
a majority owned subsidiary of Northwestern Mutual Life Insurance Co.
The Advisory Agreement with Baird was approved by the Fund's Board of
Directors, including a majority of the directors who are not "interested
persons," as defined by the Investment Company Act of 1940 of the Fund (the
"Independent Directors"), at a meeting held in person on May 18, 2000 for an
initial term expiring June 30, 2001. At that meeting, the Board of Directors
and the Independent Directors also approved the continuation of the Advisory
Agreements with the other Investment Managers of the Fund for a period of
one year.
THE DATE OF THIS SUPPLEMENT IS SEPTEMBER 26, 2000.
