JULIUS BAER INVESTMENT
FUNDS
Julius Baer Global Income Fund
Julius Baer International Equity Fund
SUPPLEMENT DATED JUNE 6, 2000 TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED JANUARY 31, 2000
------------------------------------------------------------------------------
In the Statement of Additional Information, the first paragraph of section
"Additional Information Concerning Exchange Privilege" is replaced with the
following:
Shares of one Fund may be exchanged for the same class of Shares of the other
Fund to the extent such Shares are offered for sale in the shareholder's state
of residence. Shareholders may exchange their Shares on the basis of relative
net asset value at the time of exchange. No exchange fee is charged for this
privilege, provided that the registration remains identical. However, a
redemption fee of 2.00% of the amount exchanged will apply to shares of a Fund
exchanged within 90 days of their date of purchase. This redemption fee may be
waived for certain tax advantaged retirement plans. The Fund may terminate or
modify the terms of the redemption fee waiver at any time. Please consult your
investment advisor concerning the availability of the redemption waiver before
purchasing shares.
