THE RIVERFRONT FUNDS
THE RIVERFRONT LARGE COMPANY SELECT FUND
THE RIVERFRONT BALANCED FUND
THE RIVERFRONT SMALL COMPANY SELECT FUND
THE RIVERFRONT INCOME EQUITY FUND
THE RIVERFRONT U.S. GOVERNMENT INCOME FUND
INVESTOR A SHARES
INVESTOR B SHARES
THE RIVERFRONT U.S. GOVERNMENT SECURITIES MONEY MARKET FUND
INVESTOR A SHARES
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SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION DATED APRIL 30, 2000
On page 20 of the Statement of Additional Information, the section titled
"Research Services" has been amended to read as follows:
RESEARCH SERVICES
Research services may include advice as to the advisability of investing in
securities; security analysis and reports; economic studies; industry studies;
receipt of quotations for portfolio evaluations; and similar services. Research
services may be used by the Adviser in advising other accounts. To the extent
that receipt of these services may replace services for which the Adviser or its
affiliates might otherwise have paid, it would tend to reduce their expenses.
Some of the factors the Adviser evaluates in selecting a broker to perform
research services are: value of research provided as well as execution
capability, commission rate, financial responsibility, and responsiveness to the
Adviser. The Adviser and its affiliates exercise reasonable business judgment in
selecting those brokers who offer brokerage and research services to execute
securities transactions. They determine in good faith that commissions charged
by such persons are reasonable in relationship to the value of the brokerage and
research services provided. The Funds may pay commission rates in excess of
industry norms to brokers who provide research services in order to obtain the
best qualitative execution under all circumstances.
For the fiscal year ended, December 31, 1999, the Fund's Adviser directed
brokerage transactions to certain brokers due to research services they
provided. The total amount of these transactions was $151,558,260 for which the
Trust paid $125,123 in brokerage commissions.
Investment decisions for the Funds are made independently from those of other
accounts managed by the Adviser. When the Fund and one or more of those accounts
invests in, or disposes of, the same security, available investments or
opportunities for sales will be allocated among the Funds and the account(s) in
a manner believed by the Adviser to be equitable. While the coordination and
ability to participate in volume transactions may benefit the Funds, it is
possible that this procedure could adversely impact the price paid or received
and/or the position obtained or disposed of by the Funds.
November 9, 2000
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