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STI CLASSIC FUNDS
Tax-Free Money Market Fund
Supplement dated May 16, 2000 to the
Money Market Funds--Flex and Investor Shares Prospectus and the
Bond and Money Market Funds--Trust Shares Prospectus
dated October 1, 1999
This supplement provides new and additional information beyond that contained
in the Prospectus and should be read in conjunction with the Prospectus.
At a meeting on May 16, 2000, the Trust's Board of Trustees approved changes
to the name, objective and certain investment policies of the Tax-Free Money
Market Fund. These changes, which are set forth below, will become effective
on June 15, 2000.
The Tax-Free Money Market Fund is renamed the Virginia Tax-Free Money Market
Fund.
Under the heading "Fund Summary" on page 6 of the Money Market Funds-Flex and
Investor Shares Prospectus and on page 28 of the Bond and Money Market Funds-
Trust Shares Prospectus, the "Investment Goal," "Investment Focus" and
"Investor Profile" should be replaced with the following:
Investment Goal: High current income exempt from federal and Virginia
income taxes, while preserving capital and liquidity
Investment Focus: Virginia municipal money market instruments
Investor Profile: Virginia residents who want to receive current income
exempt from federal and state income taxes
The first paragraph on page 6 of the Money Market Funds-Flex and Investor
Shares Prospectus and the first paragraph on page 28 of the Bond and Money
Market Funds-Trust Shares Prospectus under the heading "Investment Strategy"
should be replaced with the following:
The Virginia Tax-Free Money Market Fund invests substantially all of its
assets in money market instruments issued by municipalities and issuers
that pay income exempt from federal and Virginia income taxes. Issuers of
these securities can be located in Virginia, Puerto Rico and other U.S.
territories and possessions. In selecting investments for the Fund, the
Adviser analyzes the credit quality and structure of each security to
minimize risk. The Adviser actively manages the Fund's average maturity
based on current interest rates and the Adviser's outlook of the market. As
a money market fund, the Fund follows strict rules about credit risk,
maturity and diversification of its investments.
The following should be added to page 10 of the Money Market Funds-Flex and
Investor Shares Prospectus under the heading "More Information About Risk."
Regional Risk
Virginia Tax-Free Money Market Fund
To the extent that the Fund's investments are concentrated in a specific
geographic region, the Fund may be subject to the political and other
developments affecting that region. Regional economies are often closely
interrelated, and political and economic developments affecting one region,
country or state often affect other regions, countries or states, thus
subjecting a Fund to additional risks.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.
