REGIONS TREASURY MONEY MARKET FUND
REGIONS GROWTH FUND
(Portfolios of Regions Funds)
SUPPLEMENT TO THE COMBINED PROSPECTUS DATED JANUARY 31, 2000, REVISED JUNE 30,
2000
Under the section entitled PORTFOLIO MANAGERS which begins on page 26 of the
prospectus, please delete the biography of John Steiner, portfolio manager of
Regions Growth Fund, in its entirety and replace it with the following
biographies as portfolio managers for Regions Growth Fund.
JACK F. ANDERSON
Vice President and Portfolio Manager. Responsible for the day-to-day management
of the Regions Growth Fund. Duties include management of personal trust and
employee benefit trust accounts as well as management of the Capital Investment
Common Trust Fund, Personal Trust Common Stock Fund and is a member of the
Investment Strategy Committee. Experience: forty-two years banking experience,
with 37 of those years in investments, and 27 years with Regions Bank.
Education: B.S., Economics, Norbert College, 1955. Affiliations: Alabama
Security Dealers Association and National Security Trader Association.
JAMES MICHAEL PHEBUS, JR., CFA
Vice President and Portfolio Manager. Responsible for the day-to-day management
of the Regions Growth Fund. Also, is responsible for Regions LifeSpan Asset
Allocation Models as well as serves as a member of the Capital Management Group
as a portfolio manager and analyst. Experience: nine years investment management
experience. Joined Regions Bank in January of 1998 with 3 years commercial
banking experience and 3 years fixed income trading and analysis with a regional
brokerage firm. Education: M.B.A., Samford University, 1993; B.S., Commerce and
Business Administration, University of Alabama, 1991. Affiliations: Member,
Chartered Financial Analysts, Member & Board of Directors, Alabama Society of
Financial Analysts and Association for Investment Management and Research.
L. ARTHUR JONES, CFA
Portfolio Manager and Analyst. Responsible for the day-to-day management of the
Regions Growth Fund. Also, serves as a member of the Capital Management Group as
a manager and analyst. Experience: four years investment analysis and portfolio
management. Education: B.A. History, University of Virginia, 1986; McIntyre
School of Commerce, 1986; MBA, Terry College of Business, University of Georgia,
1996. Chartered Financial Analyst. Affiliations: Alabama Society of Financial
Analysts.
Please add the following biographies to the section entitled PORTFOLIO MANAGERS
as portfolio managers for Regions Treasury Money Market Fund.
JOHN B. NORRIS V
Vice President and Portfolio Manager. Responsible for the day-to-day management
of the Regions Treasury Money Market Fund. Also serves as the director of
Institutional Investment Services for the Capital Management Group, which is
responsible for providing advisory services to institutional investors and
high-net-worth individuals. His institutional duties also include asset
allocation, investment policy formulation, mutual fund/money manager services,
and performance reporting. Experience: Nine years in investment management
and/or banking. Education: B.A., History, Wake Forest University, 1990; M.B.A.,
Management, University of Baltimore, 1994; member of the Institute of Certified
Investment Management.
MELISSA K. WOODLEY
Investment Analyst. Responsible for the day-to-day management of the Regions
Treasury Money Market Fund. Also serves as the investment analyst for the
Capital Management Group with duties that include performance measurement and
research support. Previously held the position as the Administrator for the
Regions Family of Funds, which included monitoring fund performance, fund
compliance, marketing, and broker assistance. Experience: three years of
investment management and/or banking. Education: B.S., Finance, University of
Alabama at Birmingham, 1999.
October 31, 2000
[Graphic]
Federated Securities Corp., Distributor
CUSIP 75913Q886
CUSIP 75913Q878
CUSIP 75913Q308
CUSIP 75913Q407
25877 (10/00) 515576
