Fremont Mutual Funds, Inc.
Supplement dated January 16, 2001
to the
Prospectus dated February 10, 2000
FREMONT U.S. MICRO-CAP FUND:
On January 16, 2001, the Fremont U.S. Micro-Cap Fund was re-opened to all new
investors.
FREMONT EMERGING MARKETS FUND:
On November 21, 2000, BDT Investment Management Limited (BDT Invest) became
sub-advisor to the Fremont Emerging Markets Fund.
Henry Thornton, co-founder and CEO of BDT Invest, has managed the Fund since its
inception in June 1996. He has over 15 years of experience investing in Asian
and Emerging Market securities.
Prior to co-founding BDT Invest in June 2000, Mr. Thornton was employed as a
portfolio manager by the Fund's previous sub-advisor, CMG First State (Hong
Kong) LLC. As a result of a series of corporate acquisitions, three different
firms: CMG First State (Hong Kong) LLC (1999-2000); Nicholas-Applegate Capital
Management (Hong Kong) (1997-1999); and Credit Lyonnais INTERNATIONAL ASSET
MANAGEMENT (HK) LIMITED (1996-1997) have served as sub-advisor to the Fund since
its inception in 1996. Mr. Thornton was an employee of each sub-advisor and was
responsible for management of the Fund.
FREMONT GLOBAL FUND:
On September 5, 2000, William Powers, Managing Director, assumed management
responsibilities for the portfolio of the Fremont Global Fund managed by
Sub-Advisor, Pacific Investment Management Company (PIMCO). Mr. Powers is a
senior member of PIMCO's portfolio management and investment strategy groups and
has been employed by PIMCO for over 10 years.
