ACCESSOR FUNDS INC
497, 2000-08-08
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                             ACCESSOR(R) FUNDS, INC.
                          1420 Fifth Avenue, Suite 3600
                                Seattle, WA 98101
                          (206) 224-7420/(800) 759-3504
                                www.accessor.com

                         SUPPLEMENT DATED AUGUST 8, 2000
                     TO STATEMENT OF ADDITIONAL INFORMATION
                              DATED APRIL 29, 2000

The following  amends the  information in the Section  "Investment  Advisory and
Other Services - Service  Providers - Manager,  Administrator,  Transfer  Agent,
Registrar and Dividend Disbursing Agent", pages 30-31.

     On May 18, 2000 the Board of Directors,  including all of the Directors who
are not  "interested  persons"  of  Accessor  Capital,  renewed  the  Management
Agreement with Accessor Capital Management L.P.  ("Accessor  Capital") for a one
year period ending June 17, 2001.

     On July 28,  2000  certain  changes  were made in the direct  and  indirect
ownership  interests  and  structure of Accessor  Capital.  As a result of these
changes, the general partners of Accessor Capital are: Northwest Advisers, Inc.;
Bennington Management Associates, Inc.; and Accessor Capital Corporation, all of
which are Washington  corporations  owned solely or  predominantly by J. Anthony
Whatley  III  and  the key  management  personnel  of  Accessor  Capital.  Zions
Investment Management,  Inc., a wholly-owned subsidiary of Zion's First National
Bank, N.A., is the sole limited partner of Accessor Capital. Effective August 3,
2000,  Accessor Capital  Corporation is the managing general partner of Accessor
Capital;  J. Anthony  Whatley III controls  Accessor  Capital  Corporation.  The
officers and  directors of Accessor  Capital  Corporation  who are also officers
and/or directors of Accessor Funds,  Inc. are: J. Anthony Whatley III,  Ravindra
A. Deo and Robert J. Harper.



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