Firstar Stellar Treasury Fund
Firstar Stellar Tax-Free Money Market Fund
Firstar Stellar Ohio Tax-Free Money Market Fund
February 1, 2000
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Supplement to the Prospectus
dated March 31, 1999
Effective February 1, 2000, the investment adviser has decided to decrease
various fee waivers applied to the funds' expenses. The effects of the decreased
fee waivers are described below.
TAX-FREE MONEY MARKET FUND - The management fee on the Tax-Free Money Market
Fund is 0.55% of average daily net assets. Currently, the adviser voluntarily
waives 10 basis points of this fee, reducing expenses for investors in the fund.
Effective February 1, 2000, the investment adviser will waive 5 basis points of
the gross management fee for the fund. With the voluntary waiver, the management
fee will effectively be 0.50% of average daily net assets. The adviser can
terminate this voluntary waiver at any time.
OHIO TAX-FREE MONEY MARKET FUND - The management fee on the Ohio Tax-Free Money
Market Fund is 0.55% of average daily net assets. Currently, the adviser
voluntarily waives 25 basis points of this fee, reducing expenses for investors
in the fund. Effective February 1, 2000, the investment adviser will waive 20
basis points of the gross management fee for the fund. With the voluntary
waiver, the management fee will effectively be 0.35% of average daily net
assets. The adviser can terminate this voluntary waiver at any time.
EACH OF THE FUNDS - For each of the funds, there is a shareholder servicing fee
of 0.25% of average daily net assets. To date the funds have limited the
shareholder servicing fee to 0.10% of average daily net assets. Effective
February 1, 2000, the waiver of the shareholder servicing fee on each of the
funds will decrease from 15 basis points to 9 basis points. The effective rate
charged to each of the funds will be 0.16% of average daily net assets.
THE BACK OF THIS SUPPLEMENT INDICATES WHERE CHANGES HAVE BEEN
MADE TO YOUR PROSPECTUS. PLEASE RETAIN THIS SUPPLEMENT WITH
YOUR PROSPECTUS FOR FUTURE REFERENCE.
THE PROSPECTUS IS AMENDED AS FOLLOWS:
PAGE 5 UNDER TREASURY FUND - "FUND EXPENSES"
o Footnote 2 reads as follows:
"Other Expenses" includes (1) administration fees, transfer
agency fees and all other ordinary operating expenses of the fund not
listed above, plus (2) an annual shareholder servicing fee of 0.25% of
average daily net assets. The fund plans to limit the shareholder
servicing fee to an annual rate of 0.16% of average daily net assets
although this waiver can be terminated at anytime.
PAGE 8 UNDER TAX-FREE MONEY MARKET FUND - "FUND EXPENSES"
o Footnote 1 reads as follows:
The fund's investment adviser voluntarily waives a portion of
this fee each year. The adviser can terminate this voluntary waiver at
any time. With the current waiver, the effective management fee is
0.50% of average daily net assets.
o Footnote 3 reads as follows:
"Other Expenses" includes (1) administration fees, transfer
agency fees and all other ordinary operating expenses of the fund not
listed above, plus (2) an annual shareholder servicing fee of 0.25% of
average daily net assets. The fund plans to limit the shareholder
servicing fee to an annual rate of 0.16% of average daily net assets
although this waiver can be terminated at anytime.
PAGE 11 UNDER OHIO TAX-FREE MONEY MARKET FUND - "FUND EXPENSES"
o Footnote 1 reads as follows:
The fund's investment adviser voluntarily waives a portion of
this fee each year. The adviser can terminate this voluntary waiver at
any time. With the current waiver, the effective management fee is
0.35% of average daily net assets.
o Footnote 3 reads as follows:
"Other Expenses" includes (1) administration fees, transfer
agency fees and all other ordinary operating expenses of the fund not
listed above, plus (2) an annual shareholder servicing fee of 0.25% of
average daily net assets. The fund plans to limit the shareholder
servicing fee to an annual rate of 0.16% of average daily net assets
although this waiver can be terminated at anytime.
PAGE 12 UNDER "MANAGEMENT OF THE FUNDS"
Under the subheading "Investment Adviser," the table displaying waiver
amounts is replaced by the following:
THE AMOUNTS SHOWN REPRESENT A PERCENTAGE OF EACH FUND'S AVERAGE DAILY NET
ASSETS BEFORE AFTER WAIVERS WAIVERS
- ------------------------------------------- -------- ---------
Treasury Fund 0.50% 0.50%
Tax-Free Money Market Fund 0.55% 0.50%
Ohio Tax-Free Money Market Fund 0.55% 0.35%
- ------------------------------------------- -------- ---------
Firstar Stellar Growth Equity Fund
Firstar Stellar Relative Value Fund
Firstar Stellar Fund
Firstar Stellar Capital Appreciation Fund
Firstar Stellar International Equity Fund
February 1, 2000
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Supplement to the Prospectus
dated March 31, 1999
Effective February 1, 2000, the investment adviser has decided to decrease the
fee waiver applied to the shareholder servicing fee. For each of the funds,
there is a shareholder servicing fee of 0.25% of average daily net assets. To
date the funds have limited the shareholder servicing fee to 0.10% of average
daily net assets. Effective February 1, 2000, the waiver of the shareholder
servicing fee on each of the funds will decrease from 15 basis points to 9 basis
points. The effective rate charged to each of the funds will be 0.16% of average
daily net assets.
THE PROSPECTUS IS AMENDED AS FOLLOWS:
Footnote 3 on pages 6 and 8 and footnote 2 on pages 11, 14, and 18 are replaced
with the following:
"Other Expenses" includes (1) administration fees, transfer agency fees
and all other ordinary operating expenses of the fund not listed above,
plus (2) an annual shareholder servicing fee of 0.25% of average daily
net assets. The fund plans to limit the shareholder servicing fee to an
annual rate of 0.16% of average daily net assets although this waiver
can be terminated at anytime.
PLEASE RETAIN THIS SUPPLEMENT WITH YOUR PROSPECTUS FOR FUTURE REFERENCE.
Firstar Stellar Strategic Income Fund
Firstar Stellar U.S. Government Income Fund
Firstar Stellar Insured Tax-Free Bond Fund
February 1, 2000
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Supplement to the Prospectus
dated March 31, 1999
Effective February 1, 2000, the investment adviser has decided to decrease the
fee waiver applied to the shareholder servicing fee. For each of the funds,
there is a shareholder servicing fee of 0.25% of average daily net assets. To
date the funds have limited the shareholder servicing fee to 0.10% of average
daily net assets. Effective February 1, 2000, the waiver of the shareholder
servicing fee on each of the funds will decrease from 15 basis points to 9 basis
points. The effective rate charged to each of the funds will be 0.16% of average
daily net assets.
THE PROSPECTUS IS AMENDED AS FOLLOWS:
Footnote 3 on pages 6, 9 and 12 is replaced with the following:
"Other Expenses" includes (1) administration fees, transfer agency fees
and all other ordinary operating expenses of the fund not listed above,
plus (2) an annual shareholder servicing fee of 0.25% of average daily
net assets. The fund plans to limit the shareholder servicing fee to an
annual rate of 0.16% of average daily net assets although this waiver
can be terminated at anytime.
PLEASE RETAIN THIS SUPPLEMENT WITH YOUR PROSPECTUS FOR FUTURE REFERENCE.
Firstar Stellar Science & Technology Fund
February 1, 2000
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Supplement to the Prospectus
dated August 3, 2000
Effective February 1, 2000, the investment adviser has decided to decrease the
fee waiver applied to the shareholder servicing fee. For each of the funds,
there is a shareholder servicing fee of 0.25% of average daily net assets. To
date the funds have limited the shareholder servicing fee to 0.10% of average
daily net assets. Effective February 1, 2000, the waiver of the shareholder
servicing fee on each of the funds will decrease from 15 basis points to 9 basis
points. The effective rate charged to each of the funds will be 0.16% of average
daily net assets.
THE PROSPECTUS IS AMENDED AS FOLLOWS:
PAGE 4 UNDER "FEES AND EXPENSES FOR THE FUND"
Footnote 4 is replaced with the following:
"Other Expenses" includes (1) administration fees, transfer agency fees
and all other ordinary operating expenses of the fund not listed above
which are estimated to total 0.54% of average daily net assets, plus
(2) an annual shareholder servicing fee of 0.25% of average daily net
assets. The fund plans to limit the shareholder servicing fee to an
annual rate of 0.16% of average daily net assets although this waiver
can be terminated at anytime.
PLEASE RETAIN THIS SUPPLEMENT WITH YOUR PROSPECTUS FOR FUTURE REFERENCE.
