<PAGE>
SEI INTERNATIONAL TRUST
International Fixed Income Portfolio
Supplement Dated March 4, 1996 to
the Institutional Class Prospectus
Dated August 31, 1995
This supplement to the Prospectus supersedes and replaces any existing
supplements to the Prospectus. This supplement provides new and additional
information beyond that contained in the Prospectus and should be retained and
read in conjunction with such Prospectus.
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At a meeting scheduled for April 30, 1996, Shareholders of the International
Fixed Income Portfolio of the Trust will be asked to amend, reclassify or
eliminate certain of the Portfolio's fundamental investment policies in order to
reflect regulatory developments, provide the flexibility to adapt to
developments in the securities markets, and to improve management efficiency by
making the investment limitations as consistent as possible. In addition, the
changes will minimize the need to call Shareholder meetings in the future in
order to change certain investment limitations.
At the same meeting, Shareholders of the International Fixed Income Portfolio
will be asked to approve the selection of SEI Financial Management Corporation
("SFM") as Investment Adviser to this Portfolio and to approve the "Manager of
Managers" structure wherein, upon the recommendation of SFM, and subject to
receipt by the Trust of exemptive relief from the SEC, the Board of Trustees
will be able to appoint additional and replacement sub-advisers for the
Portfolio without Shareholder approval. Apart from Shareholder approval, this
change requires an order of exemption from the SEC before becoming operative.
In connection with this change to the "Manager of Managers" structure,
Shareholders of the Portfolio will be asked to approve the selection of the
Portfolio's current investment adviser, Strategic Fixed Income, L.P., as
investment sub-adviser for the Portfolio for the same compensation.
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PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
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SEI INTERNATIONAL TRUST
Emerging Markets Equity Portfolio
International Fixed Income Portfolio
Supplement Dated March 4, 1996 to
the Class D Prospectus
Dated August 31, 1995
This supplement to the Prospectus supersedes and replaces any existing
supplements to the Prospectus. This supplement provides new and additional
information beyond that contained in the Prospectus and should be retained and
read in conjunction with such Prospectus.
-----------------------------------
At a meeting scheduled for April 30, 1996, Shareholders of the International
Fixed Income Portfolio of the Trust will be asked to amend, reclassify or
eliminate certain of the Portfolio's fundamental investment policies in order to
reflect regulatory developments, provide the flexibility to adapt to
developments in the securities markets, and to improve management efficiency by
making the investment limitations as consistent as possible. In addition, the
changes will minimize the need to call Shareholder meetings in the future in
order to change certain investment limitations.
At the same meeting, Shareholders of the International Fixed Income Portfolio
will be asked to approve the selection of SEI Financial Management Corporation
("SFM") as Investment Adviser to this Portfolio and to approve the "Manager of
Managers" structure wherein, upon the recommendation of SFM, and subject to
receipt by the Trust of exemptive relief from the SEC, the Board of Trustees
will be able to appoint additional and replacement sub-advisers for the
Portfolio without Shareholder approval. Apart from Shareholder approval, this
change requires an order of exemption from the SEC before becoming operative.
In connection with this change to the "Manager of Managers" structure,
Shareholders of this Portfolio will be asked to approve the selection of the
Portfolio's current investment adviser, Strategic Fixed Income, L.P., as
investment sub-adviser for the Portfolio for the same compensation.
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The following sentence is inserted after the first sentence of the second
paragraph in the "Investment Objectives and Policies - Emerging Markets Equity"
section on page 10 of the Prospectus:
Under normal market conditions, the Portfolio maintains investments in at
least six emerging market countries and does not invest more than 35% of
its total assets in any one emerging market country.
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PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
