On February 11, 2000 a special meeting of shareholders was held to
Consider various plans of reorganization between the ISG Funds and
The AmSouth Funds. The Plan of Reorganization provided that each
ISG Fund transfer all of its assets to the corresponding AmSouth
Fund, as listed in the chart below, in return for Trust or Class A or
Class B Shares (collectively "Shares") of such AmSouth Fund and
The assumption by such AmSouth Fund of all of the liabilities of such
ISG Fund. After the Transfer, Shares of the corresponding AmSouth
Fund were distributed to the ISG Fund's shareholders tax-free in
Liquidation of such ISG Fund. As a result of these transactions, your
ISG Fund share, in effect, would be exchanged at their net asset value
and on a tax-free basis for Shares of such AmSouth Fund. All ISG
Fund shareholders received shares of the AmSouth Class (Class A,
Class B or Trust Class) that corresponds to the class of ISG Fund shares
("ISG Shares") they held. Each AmSouth Fund listed below as a "New
AmSouth Fund" recently has been organized for the purpose of continuing
the investment operations of the corresponding ISG Fund, and has no
assets or prior history of investment operations. The merger took place
on March 13, 2000.
ISG Funds New AmSouth Funds
International Equity International Equity
Mid-Cap Fund Mid Cap Fund
Capital Growth Fund Capital Growth
Large-Cap Equity Fund Large Cap Fund
Limited Term U.S.Government Fund Limited Term U.S. Government Fund
Tennessee Tax-Exempt Fund Tennessee Tax-Exempt Fund
Limited Term Tennessee Tax-Exempt Fund Limited Term Tennessee Tax-Exempt Fund
Treasury Money Market Fund Treasury Reserve Money Market Fund
Aggressive Growth Portfolio Aggressive Growth Portfolio
Growth Portfolio Growth Portfolio
Growth & Income Portfolio Growth & Income Portfolio
Moderate Growth & Income Portfolio moderate Growth & Income Portfolio
Current Income Portfolio Current Income Portfolio
ISG Funds Pre-Existing AmSouth Funds
Small-Cap Opportunity Fund Small Cap Fund
Equity Income Fund Equity Income Fund
Income Fund Bond Fund
Government Income Fund Government Income Fund
Limited Term Income Fund Limited Term Bond Fund
Municipal Income Fund Municipal Bond Fund
Prime Money Market Fund Prime Money Market Fund
Tax-Exempt Money Market Fund Tax-Exempt Money Market
