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Filed Pursuant to Rule 497(e)
Registration File No.: 2-27514
SELECTED FUNDS
SELECTED AMERICAN SHARES, INC.
SELECTED SPECIAL SHARES, INC.
SELECTED CAPITAL PRESERVATION TRUST.
SUPPLEMENT DATED OCTOBER 10, 2000
TO
STATEMENT OF ADDITIONAL INFORMATION
DATED MAY 1, 2000
The following information supplements and should be read in conjunction with the
Statement of Additional Information.
NOTICE OF SPECIAL MEETING
TO ALL SHAREHOLDERS OF SELECTED FUNDS: Notice is hereby given that a special
meeting of shareholders of Selected American Shares, Inc., Selected Special
Shares, Inc., and Selected Capital Preservation Trust will be held at 3480 East
Britannia Drive, Tucson, Arizona 85706, on December 1, 2000, beginning at 12
p.m. Pacific Time for the following purposes:
1. To elect directors to hold office until their successors are duly elected
and qualified;
2. To re-approve the advisory and sub-advisory agreements;
3. To eliminate, reclassify or amend certain fundamental investment policies
and restrictions; and
4. To ratify the selection of KPMG LLP as independent accountants.
The close of business on September 8, 2000, was fixed as the record date for
determining which shareholders are entitled to notice of the meeting and any
adjournments thereof and are entitled to vote.
A proxy statement is available upon request which explains each of the proposals
in detail.
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