<PAGE>
FILED PURSUANT TO RULE 497(e)
1933 ACT FILE NO. 33-33617
1940 ACT FILE NO. 811-06051
GALAXY FUND II
(THE "TRUST")
LARGE COMPANY INDEX FUND
SMALL COMPANY INDEX FUND
UTILITY INDEX FUND
U.S. TREASURY INDEX FUND
MUNICIPAL BOND FUND
SUPPLEMENT DATED JANUARY 4, 2000
TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED JULY 30, 1999
On December 1, 1999, all of the outstanding stock of First Data Investor
Services Group, Inc. ("Investor Services Group"), the Trust's sub-administrator
and transfer agent, was acquired by PFPC Trust Company (the "Transaction"). PFPC
Trust Company is a wholly-owned subsidiary of PFPC Worldwide, Inc. and an
indirect wholly-owned subsidiary of PNC Bank Corp. Also on December 1, 1999 and
as a part of the Transaction, PFPC Inc., an indirect wholly-owned subsidiary of
PNC Bank Corp., was merged into Investor Services Group, which then changed its
name to PFPC Inc.
In connection with the Transaction, on December 1, 1999, Provident
Distributors, Inc. ("PDI") became the distributor of the Trust's shares. PDI is
a registered broker/dealer with its principal offices at Four Falls Corporate
Center, 6th Floor, West Conshohocken, Pennsylvania 19428-2961.
There are no changes to the phone numbers or addresses for shareholder
inquiries or investments.
SAIIDX1
