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 OCTOBER 7, 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.
Custody Agreement
- -----------------
Accessor Funds, Inc. (the "Fund") and The Fifth Third Bank, an Ohio banking
corporation ("Fifth Third"), entered into a Custodian Agreement effective
October 4, 1996, pursuant to which Fifth Third acts as custodian of the assets
of the Growth Portfolio, Value and Income Portfolio, Small to Mid Cap Portfolio,
and International Equity Portfolio effective November 18, 1996. Fifth Third
holds all portfolio securities and cash assets of the Portfolios and is
authorized to deposit securities in securities depositories or to use the
services of sub-custodians. Fifth Third may employ sub-custodians outside the
United States which have been approved by the Fund's Board of Directors. As
compensation for its services rendered, the Fund pays Fifth Third an annual
domestic custody fee of .0025% of the average gross assets and an annual global
custody fee of .08% of the average gross assets, exclusive of transaction
charges. The total costs for the custodial fees are borne by each Portfolio
based on the proportionate net assets of each Portfolio.
Accounting and Services Agreement
- ---------------------------------
The Fund and Fifth Third entered into a Fund Accounting and Services
Agreement effective October 4, 1996, pursuant to which Fifth Third provides
certain portfolio accounting and other services, including maintenance of the
books and records of the Portfolios required under the Investment Company Act.
Fifth Third will perform such accounting, recordkeeping and other administrative
services for the Growth Portfolio, Value and Income Portfolio, Small to Mid Cap
Portfolio, and International Equity Portfolio effective November 18, 1996. As
compensation for these services, the Fund pays Fifth Third an annual fee as
follows:
The Fund will pay Fifth Third an annual fund accounting and service fee
(the "Fee"), to be calculated daily and paid monthly. The annual Fee for each
Portfolio shall be the greater of a monthly minimum or an asset based fee, as
follows:
Monthly First Next Assets over
Portfolio Minimum OR $100,000,000 $150,000,000 $250,000,000
- --------- ----------------------- -------------------------
Growth Portfolio $1,500 .03% .02% .01%
Value and Income Portfolio $1,500 .03% .02% .01%
Small to Mid Cap Portfolio $1,500 .03% .02% .01%
International Equity Portfolio $3,000 .04% .03% .02%
The Fund will pay an additional annual Fee of $2,000 per Portfolio for
other administrative services rendered, to be charged monthly. Should the Fund
add additional share classes, there will be an annual charge of $7,000 per
additional class per Portfolio, also to be charged monthly. Finally, the Fund
will reimburse Fifth Third for its out-of-pocket expenses incurred in performing
its services under this Agreement, including, but not limited to: postage and
mailing, telephone, facsimile, overnight courier services and outside
independent pricing service charges, and record retention/storage.
Business Day
- ------------
A business day is one on which the New York Stock Exchange, the Custodian,
Fund Accounting agent and Bennington are open for business. Non-business days
are: New Year's Day, Presidents' Day, Good Friday, Memorial Day, Independence
Day, Labor Day, Thanksgiving Day and Christmas Day.
<PAGE>
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 OCTOBER 7, 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.
Custody Agreement
- -----------------
Accessor Funds, Inc. (the "Fund") and The Fifth Third Bank, an Ohio banking
corporation ("Fifth Third"), entered into a Custodian Agreement effective
October 4, 1996, pursuant to which Fifth Third acts as custodian of the assets
of the Intermediate Fixed-Income Portfolio, Short-Intermediate Fixed-Income
Portfolio and U.S. Government Money Portfolio effective October 7, 1996, and of
the Mortgage Securities Portfolio effective November 18, 1996. Fifth Third holds
all portfolio securities and cash assets of the Portfolios and is authorized to
deposit securities in securities depositories or to use the services of
sub-custodians. Fifth Third may employ sub-custodians outside the United States
which have been approved by the Fund's Board of Directors. As compensation for
its services rendered, the Fund pays Fifth Third an annual domestic custody fee
of .0025% of the average gross assets and an annual global custody fee of .08%
of the average gross assets, exclusive of transaction charges. The total costs
for the custodial fees are borne by each Portfolio based on the proportionate
net assets of each Portfolio.
Accounting and Services Agreement
- ---------------------------------
The Fund and Fifth Third entered into a Fund Accounting and Services
Agreement effective October 4, 1996, pursuant to which Fifth Third provides
certain portfolio accounting and other services, including maintenance of the
books and records of the Portfolios required under the Investment Company Act.
Fifth Third will perform such accounting, recordkeeping and other administrative
services for the Intermediate Fixed-Income Portfolio, Short-Intermediate
Fixed-Income Portfolio and U.S. Government Money Portfolio effective October 7,
1996, and for the Mortgage Securities Portfolio effective November 18, 1996. As
compensation for these services, the Fund pays Fifth Third an annual fee as
follows:
The Fund will pay Fifth Third an annual fund accounting and service fee
(the "Fee"), to be calculated daily and paid monthly. The annual Fee for each
Portfolio shall be the greater of a monthly minimum or an asset based fee, as
follows:
Monthly First Next Assets over
Portfolio Minimum OR $100,000,000 $150,000,000 $250,000,000
- --------- ----------------------- -------------------------
Intermediate Fixed-Income $2,000 .03% .02% .01%
Short-Intermediate Fixed Income $2,000 .03% .02% .01%
Mortgage Securities Portfolio $2,000 .03% .02% .01%
U.S. Government Money $1,500 .03% .02% .01%
The Fund will pay an additional annual Fee of $2,000 per Portfolio for
other administrative services rendered, to be charged monthly. Should the Fund
add additional share classes, there will be an annual charge of $7,000 per
additional class per Portfolio, also to be charged monthly. Finally, the Fund
will reimburse Fifth Third for its out-of-pocket expenses incurred in performing
its services under this Agreement, including, but not limited to: postage and
mailing, telephone, facsimile, overnight courier services and outside
independent pricing service charges, and record retention/storage.
Business Day
- ------------
A business day is one on which the New York Stock Exchange, the Custodian,
Fund Accounting agent and Bennington are open for business. Non-business days
are: New Year's Day, Presidents' Day, Good Friday, Memorial Day, Independence
Day, Labor Day, Thanksgiving Day and Christmas Day.
<PAGE>
SUPPLEMENT DATED OCTOBER 7, 1996 TO
ACCESSOR FUNDS, INC. STATEMENT OF ADDITIONAL INFORMATION
DATED APRIL 29, 1996
THIS SUPPLEMENT PROVIDES NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN
THE STATEMENT OF ADDITIONAL INFORMAITON, AND SHOULD BE READ IN CONJUNCTION WITH
SUCH STATEMENT OF ADDITIONAL INFORMATION. CAPITALIZED TERMS NOT DEFINED HEREIN
SHOULD HAVE THE MEANINGS SET FORTH IN THE STATEMENT OF ADDITIONAL INFORMATION.
Custody Agreement
- -----------------
Accessor Funds, Inc. (the "Fund") and The Fifth Third Bank, an Ohio
banking corporation ("Fifth Third"), entered into a Custodian Agreement
effective October 4, 1996, pursuant to which Fifth Third acts as custodian of
the assets of the Intermediate Fixed-Income Portfolio, Short-Intermediate
Fixed-Income Portfolio and U.S. Government Money Portfolio effective October 7,
1996, and of the Growth Portfolio, Value and Income Portfolio, Small to Mid Cap
Portfolio, International Equity Portfolio and Mortgage Securities Portfolio
effective November 18, 1996. Fifth Third holds all portfolio securities and cash
assets of the Portfolios and is authorized to deposit securities in securities
depositories or to use the services of sub-custodians. Fifth Third may employ
sub-custodians outside the United States which have been approved by the Fund's
Board of Directors. As compensation for its services rendered, the Fund pays
Fifth Third an annual domestic custody fee of .0025% of the average gross assets
and an annual global custody fee of .08% of the average gross assets, exclusive
of transaction charges. The total costs for the custodial fees are borne by each
Portfolio based on the proportionate net assets of each Portfolio.
Accounting and Services Agreement
- ---------------------------------
The Fund and Fifth Third entered into a Fund Accounting and Services
Agreement effective October 4, 1996, pursuant to which Fifth Third provides
certain portfolio accounting and other services, including maintenance of the
books and records of the Portfolios required under the Investment Company Act.
Fifth Third will perform such accounting, recordkeeping and other administrative
services for the Intermediate Fixed-Income Portfolio, Short-Intermediate
Fixed-Income Portfolio and U.S. Government Money Portfolio effective October 7,
1996, and for the Growth Portfolio, Value and Income Portfolio, Small to Mid Cap
Portfolio, International Equity Portfolio and Mortgage Securities Portfolio
effective November 18, 1996. As compensation for these services, the Fund pays
Fifth Third an annual fee as follows:
The Fund will pay Fifth Third an annual fund accounting and service fee
(the "Fee"), to be calculated daily and paid monthly. The annual Fee for each
Portfolio shall be the greater of a monthly minimum or an asset based fee, as
follows:
Monthly First Next Assets over
Portfolio Minimum OR $100,000,000 $150,000,000 $250,000,000
- --------- ----------------------- -------------------------
Growth Portfolio $1,500 .03% .02% .01%
Value and Income Portfolio $1,500 .03% .02% .01%
Small to Mid Cap Portfolio $1,500 .03% .02% .01%
International Equity Portfolio $3,000 .04% .03% .02%
Intermediate Fixed-Income $2,000 .03% .02% .01%
Short-Intermediate Fixed Income $2,000 .03% .02% .01%
Mortgage Securities Portfolio $2,000 .03% .02% .01%
U.S. Government Money $1,500 .03% .02% .01%
The Fund will pay an additional annual Fee of $2,000 per Portfolio for
other administrative services rendered, to be charged monthly. Should the Fund
add additional share classes, there will be an annual charge of $7,000 per
additional class per Portfolio, also to be charged monthly. Finally, the Fund
will reimburse Fifth Third for its out-of-pocket expenses incurred in performing
its services under this Agreement, including, but not limited to: postage and
mailing, telephone, facsimile, overnight courier services and outside
independent pricing service charges, and record retention/storage.
Business Day
- ------------
A business day is one on which the New York Stock Exchange, the Custodian,
Fund Accounting agent and Bennington are open for business. Non-business days
are: New Year's Day, Presidents' Day, Good Friday, Memorial Day, Independence
Day, Labor Day, Thanksgiving Day and Christmas Day.
<PAGE>
