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AMERICAN PERFORMANCE FUNDS
AMERICAN PERFORMANCE MONEY MARKET FUNDS
AMERICAN PERFORMANCE BOND FUNDS
AMERICAN PERFORMANCE EQUITY FUNDS
Supplement dated June 30, 2000 to the
Statement of Additional Information dated January 1, 2000
Capitalized terms not defined in this Supplement have the meaning
assigned to them in the Statement of Additional Information.
The following information replaces and updates the information contained on
pages B-51 through B-53:
As of June 22, 2000, Bank of Oklahoma, N.A. (Bank of Oklahoma Tower,
One Williams Center, Tulsa, Oklahoma 74103) and its bank affiliates were the
Shareholder of record of 98.8% of the U.S. Treasury Fund's Shares, 99.9% of the
Cash Management Fund's Shares, 97.5% of the Bond Fund's Shares, 96.6% of the
Intermediate Bond Fund's Shares, 80.9% of the Intermediate Tax-Free Bond Fund's
Shares, 97.3% of the Short- Term Income Fund's Shares, 97.8% of the Equity
Fund's Shares, 99.9% of the Balanced Fund's Shares, 96.5% of the Growth Equity
Fund's Shares, and 100% of the Small Cap Equity Fund's Shares. As of June 22,
2000, Bank of Oklahoma, N.A. and its bank affiliates possessed, on behalf of its
underlying accounts, voting or investment power with respect to 27.5% of the
U.S. Treasury Fund's Shares, 22.4% of the Cash Management Fund's Shares, 78.9%
of the Bond Fund's Shares, 80.3% of the Intermediate Bond Fund's Shares, 75.8%
of the Intermediate Tax-Free Bond Fund's Shares, 96.2% of the Short-Term Income
Fund's Shares, 68.2% of the Equity Fund's Shares, 54.2% of the Balanced Fund's
Shares, 84.2% of the Growth Equity Fund's Shares, and 95.7% of the Small Cap
Equity Fund's Shares, and, as a consequence, Bank of Oklahoma, N.A. and its bank
affiliates may be deemed to be a controlling person of each Fund under the 1940
Act.
As of June 22, 2000 the trustees and officers of the Funds, as a group,
owned less than one percent of the Shares of each of the Funds.
The following table indicates each additional person known by the Funds
to own beneficially five percent (5%) or more of the Shares of the Funds as of
June 22, 2000:
Amount of Beneficial Percent
Name and Address Ownership (Shares) of Fund
---------------- ------------------ -------
Cash Management Fund
--------------------
SUPERSTAR NETLINK 45,983,428 8.1%
7140 South Lewis Avenue
Tulsa, OK 74136-5422
Equity Fund
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NORDAM - EMPLOYEES 401(K) 567,851 6.3%
Bank of Oklahoma Trustee
One Williams Center
Tulsa, OK 74192
BOK FINANCIAL THRIFT PLAN 489,119 5.4%
Bank of Oklahoma Trustee
One Williams Center
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Tulsa, OK 74192
Balanced Fund
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BOK FINANCIAL PENSION PLAN 1,952,137 39.7%
Bank of Oklahoma Trustee
One Williams Center
Tulsa, OK 74192
R.C.B BANK 401(K) PROFIT 421,462 8.6%
SHARING PLAN
Bank of Oklahoma Trustee
One Williams Center
Tulsa, OK 74192
NORDAM-EMPLOYERS 401(K) 297,995 6.1%
Bank of Oklahoma Trustee
One Williams Center
Tulsa, OK 74192
Small Cap Equity Fund
---------------------
MCFARLIN, IDA M 63,055 9.8%
MEMORIAL TRUST
Bank of Oklahoma Trustee
One Williams Center
Tulsa, OK 74192
PROTESTANT EPISCOPAL 62,451 9.7%
CHURCH FDN
Bank of Oklahoma Trustee
One Williams Center
Tulsa, OK 74192
TULSA PSYCHIATRIC 62,451 9.7%
CENTER INC.
Bank of Oklahoma Trustee
One Williams Center
Tulsa, OK 74192
PRESBYTERIAN CHILDREN'S 62,451 9.7%
SERVICES TR
Bank of Oklahoma Trustee
One Williams Center
Tulsa, OK 74192
HOLLAND HALL TRUST 62,451 9.7%
Bank of Oklahoma Trustee
One Williams Center
Tulsa, OK 74192
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COWLES MEMORIAL TRUST 48,896 7.6%
Bank of Oklahoma Trustee
One Williams Center
Tulsa, OK 74192
WALTER, F P & P C TRUST 41,766 6.5%
Bank of Oklahoma Trustee
One Williams Center
Tulsa, OK 74192
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE STATEMENT OF ADDITIONAL
INFORMATION FOR FUTURE REFERENCE.
