<PAGE> 1
Rule 424(b)(3)
Registration No. 333-78003
THE BISYS GROUP, INC.
SUPPLEMENT NO. 1 TO PROSPECTUS
DATED MAY 28, 1999
This Supplement No. 1 supplements the prospectus dated May 28, 1999 covering
shares of common stock of The BISYS Group, Inc. offered by the selling
stockholders listed in the prospectus.
Information contained in the table appearing on page 11 of the
prospectus under the heading "Selling Stockholders" is modified, as follows:
<TABLE>
<CAPTION>
Common Stock
Beneficially Maximum Common Stock Beneficially
Selling Owned Prior to Amount Offered Owned After Offering
Stockholder Offering Hereby Amount/Percent
<S> <C> <C> <C>
T. Brantley Houston, Jr. 34,324 (1)(2) 34,324 (1)(2) 0 0
T. Brantley Houston, Jr. 30,000 (2) 30,000 (2) 0 0
Charitable Remainder
Unitrust DTD September 20, 1999,
T. Brantley Houston, Jr. and
Frederick H. Myers, Trustees
</TABLE>
Dated: November 4, 1999
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(1) Mr. Houston beneficially owned 34,324 shares of BISYS common stock as of the
date of this supplement, including 1,607 shares pledged to Regions Bank and
2,334 shares held in escrow to secure Mr. Houston's indemnification obligations
to us under the merger agreement with EXAMCO, but not including any shares held
by the Nicole E. Houston Trust, the Jonathan B. Houston Trust and the Matthew R.
Houston Trust.
(2) Mr. Houston has donated 30,000 shares to the trust.
