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AMSOUTH FUNDS
SUPPLEMENT DATED OCTOBER 10, 2000
TO THE PROSPECTUS DATED MARCH 13, 2000
THIS SUPPLEMENT PROVIDES INFORMATION UPDATING THE DISCUSSION OF THE
PORTFOLIO MANAGERS OF THE BALANCED FUND AND THE VALUE FUND CONTAINED IN THE
PROSPECTUS DISCUSSING ALL FUNDS. PLEASE KEEP THIS SUPPLEMENT AND READ IT
TOGETHER WITH THIS PROSPECTUS.
Under the section entitled "Portfolio Managers" on page 110, the
paragraph regarding the Balanced Fund and Value Fund has been deleted and
replaced in its entirety with the following:
BALANCED FUND - The Balanced Fund is co-managed by Richard H. Calvert, CFA, and
John P. Boston, CFA. Mr. Calvert has over seven years of investment experience
and served as a Trust portfolio manager overseeing several key institutional
accounts and as a technology sector analyst. Mr. Calvert earned his B.S. in
Economics from the University of Alabama and is a member of the Alabama Society
of Financial Analysts. Mr. Boston has been associated with AmSouth's Trust
Investment Group for over ten years and is currently Senior Vice President in
charge of taxable fixed-income investments.
VALUE FUND - Richard H. Calvert, CFA, is the portfolio manager for the Value
Fund and has over seven years of portfolio management and analysis experience.
Prior to managing this Fund, Mr. Calvert served as a Trust portfolio manager
overseeing several key institutional accounts and as a technology sector
analyst. Mr. Calvert earned his B.S. in Economics from the University of Alabama
and is a member of the Alabama Society of Financial Analysts.
SHAREHOLDERS SHOULD RETAIN THIS SUPPLEMENT WITH THE PROSPECTUS FOR FUTURE
REFERENCE.
