ACCESSOR FUNDS, INC. 1420 Fifth Avenue, Suite 3130
FIXED-INCOME PORTFOLIOS Seattle, WA 98101
PROSPECTUS - April 29, 1996 1-800-759-3504
- - -------------------------------------------------------------------------------
New Account Information and Shareholder Services 206-224-7420
- - -------------------------------------------------------------------------------
SUPPLEMENT DATED SEPTEMBER 9, 1996 TO
ACCESSOR FUNDS, INC. FIXED-INCOME PORTFOLIOS PROSPECTUS
DATED APRIL 29, 1996
THIS SUPPLEMENT PROVIDES NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN
THE PROSPECTUS, AND SHOULD BE READ IN CONJUNCTION WITH SUCH PROSPECTUS.
CAPITALIZED TERMS NOT DEFINED HEREIN SHOULD HAVE THE MEANINGS SET FORTH IN THE
PROSPECTUS.
The Fund was issued an exemptive order by the Securities and Exchange Commission
on September 4, 1996 for an exemption (the "Exemption") from certain provisions
of the Investment Company Act of 1940, as amended ("Investment Company Act")
which would otherwise require the Manager to obtain formal shareholder approval
prior to engaging and entering into money manager agreements with Money
Managers. The relief is based on the conditions set forth in the Exemption that,
among other things: (1) the Manager will select, monitor, evaluate and allocate
assets to the Money Managers and oversee Money Managers compliance with the
relevant Portfolio's investment objective, policies and restrictions; (2) before
a Portfolio may rely on the Exemption, the Exemption must be approved by the
shareholders of the Portfolios operating under the Exemption; (3) the Fund will
provide to shareholders certain information about a new Money Manager and its
money manager agreement within 60 days of the engagement of a new Money Manager;
(4) the Fund will disclose in this Prospectus the existence, substance and
effect of the Exemption; and (5) the Directors, including a majority of the
"non-interested" Directors, must approve each money manager agreement in the
manner required under the Investment Company Act. Any changes to the Management
Agreement between the Fund and Bennington would still require shareholder
approval. As required by the Exemption, the shareholders of each Portfolio
determined, at a shareholders' meeting held on August 15, 1995, to permit the
Fund to replace or add Money Managers and to enter into money manager agreements
with Money Managers upon approval of the Board of Directors but without formal
shareholder approval.
<PAGE>
ACCESSOR FUNDS, INC. 1420 Fifth Avenue, Suite 3130
EQUITY PORTFOLIOS Seattle, WA 98101
PROSPECTUS - April 29, 1996 1-800-759-3504
- - -------------------------------------------------------------------------------
New Account Information and Shareholder Services 206-224-7420
- - -------------------------------------------------------------------------------
SUPPLEMENT DATED SEPTEMBER 9, 1996 TO
ACCESSOR FUNDS, INC. EQUITY PORTFOLIOS PROSPECTUS
DATED APRIL 29, 1996
THIS SUPPLEMENT PROVIDES NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN
THE PROSPECTUS, AND SHOULD BE READ IN CONJUNCTION WITH SUCH PROSPECTUS.
CAPITALIZED TERMS NOT DEFINED HEREIN SHOULD HAVE THE MEANINGS SET FORTH IN THE
PROSPECTUS.
The Fund was issued an exemptive order by the Securities and Exchange Commission
on September 4, 1996 for an exemption (the "Exemption") from certain provisions
of the Investment Company Act of 1940, as amended ("Investment Company Act")
which would otherwise require the Manager to obtain formal shareholder approval
prior to engaging and entering into money manager agreements with Money
Managers. The relief is based on the conditions set forth in the Exemption that,
among other things: (1) the Manager will select, monitor, evaluate and allocate
assets to the Money Managers and oversee Money Managers compliance with the
relevant Portfolio's investment objective, policies and restrictions; (2) before
a Portfolio may rely on the Exemption, the Exemption must be approved by the
shareholders of the Portfolios operating under the Exemption; (3) the Fund will
provide to shareholders certain information about a new Money Manager and its
money manager agreement within 60 days of the engagement of a new Money Manager;
(4) the Fund will disclose in this Prospectus the existence, substance and
effect of the Exemption; and (5) the Directors, including a majority of the
"non-interested" Directors, must approve each money manager agreement in the
manner required under the Investment Company Act. Any changes to the Management
Agreement between the Fund and Bennington would still require shareholder
approval. As required by the Exemption, the shareholders of each Portfolio
determined, at a shareholders' meeting held on August 15, 1995, to permit the
Fund to replace or add Money Managers and to enter into money manager agreements
with Money Managers upon approval of the Board of Directors but without formal
shareholder approval.
<PAGE>
