THE YACKTMAN FUNDS, INC.
207 EAST BUFFALO STREET
MILWAUKEE, WISCONSIN 53202
November 12, 1998
Dear Stockholder:
Enclosed with this letter is a Notice of Special Meeting of
Stockholders to be held on November 24, 1998. This meeting initially was called
by Donald Yacktman who was then the President of The Yacktman Funds, Inc. As you
previously have been informed, the Board of Directors, acting on advice of
counsel, revoked the call of the meeting. These matters became the subject of
litigation in the Circuit Court for Baltimore City, Maryland. In accordance with
the Temporary Restraining Order issued by the Court, I am hereby sending you the
enclosed Notice so that the meeting can take place on November 24, 1998.
Sincerely,
/s/ Jon D. Carlson
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Jon D. Carlson
President
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THE YACKTMAN FUNDS, INC.
207 EAST BUFFALO STREET
MILWAUKEE, WISCONSIN 53202
NOTICE OF SPECIAL MEETING OF STOCKHOLDERS
TO BE HELD ON NOVEMBER 24, 1998
To the Stockholders of
THE YACKTMAN FUNDS, INC.:
A Special Meeting of the Stockholders of The Yacktman Funds, Inc.
(the "Funds") will be held at the Goodman Room of the Allegro Hotel, 171 West
Randolph Street, Chicago, Illinois, on Tuesday, November 24, 1998, at 10:00 a.m.
local time, for the following purposes:
1. To remove all of the current directors of your Funds other
than Ronald Ball and Donald Yacktman;
2. To amend your Funds' bylaws to reduce the number of directors
of your Funds from six to five;
3. To elect three nominees as new directors of your Funds; and
4. To transact such other business as may properly come before
the special meeting or any adjournment thereof.
Only stockholders of record who owned outstanding shares of the
Funds at the close of business on October 12, 1998, the record date, are
entitled to receive notice of, and to vote at, the special meeting.
By Order of the Office of the President
/s/ Jon D. Carlson
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Jon D. Carlson
Secretary
Chicago, Illinois
November 12, 1998
