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SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION
14(a) OF THE SECURITIES EXCHANGE ACT OF 1934
Filed by the Registrant [X] Filed by a Party other than the Registrant [ ]
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Confidential, for use of the Commission only (as permitted by Rule
14a-6(e)(2))
[ ] Definitive Proxy Statement
[X] Definitive Additional Materials
[ ] Soliciting Material Pursuant to Section 240.14a-11(c) or
Section 240.14a-12
BB&T Funds
3435 Stelzer Road
Columbus, OH 43219
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(Name of Registrant as Specified in its Charter)
Alan G. Priest, Esq.
Ropes & Gray
1301 K Street, N.W., Suite 800 East
Washington, D.C. 20005
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(Name of Person(s) Filing Proxy Statement)
Payment of Filing Fee (check the appropriate box):
[X] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
1) Title of each class of securities to which transaction applies: N/A
2) Aggregate number of securities to which transaction applies: N/A
3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (set forth the amount on which
the filing is calculated and state how it was determined): N/A
4) Proposed maximum aggregate value of transaction: N/A
5) Total fee paid: N/A.
[ ] Fee paid previously with preliminary materials.
[ ] Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
paid previously. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.
1) Amount previously paid:
2) Form, Schedule or Registration Statement No.:
3) Filing Party:
4) Date Filed:
Notes:
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BB&T FUNDS
SUPPLEMENT DATED DECEMBER 22, 1999
TO THE NOTICE OF SPECIAL MEETING OF SHAREHOLDERS
AND PROXY STATEMENT DATED NOVEMBER 22, 1999
THIS SUPPLEMENT PROVIDES INFORMATION CORRECTING TRUSTEE COMPENSATION
INFORMATION CONTAINED IN THE PROXY STATEMENT. PLEASE KEEP THIS SUPPLEMENT AND
READ IT TOGETHER WITH THE PROXY STATEMENT.
Under Proposal 1, "Election of Trustees", the Trustee compensation
chart on page 5 of the proxy statement has been deleted and replaced in its
entirety with the following:
<TABLE>
<CAPTION>
Aggregate Pension or Estimated Total
Compensation Retirement Benefits Annual Compensation
Name of Person, from the Accrued As Part Benefits Upon from the BB&T Funds
Position BB&T Funds of Fund Expenses Retirement Paid to Trustee
- -------------------- ---------- ------------------ -------------- ---------------
<S> <C> <C> <C> <C>
Walter B. Grimm None None None None
Chairman of the Board
W. Ray Long $10,500 None None $10,500
Trustee
William E. Graham $8,500 None None $8,500
Trustee
Thomas W. Lambeth $10,500 None None $10,500
Trustee
Robert W. Stewart $10,500 None None $10,500
Trustee
Raymond McCulloch None None None None
Trustee
</TABLE>
If you have already voted your proxy and do not wish to change your
vote, no further action is required. If you have already voted and wish to make
a change based on the above information, please return the enclosed proxy card,
or vote by phone or internet. If you have not already voted, please complete and
return either the enclosed proxy card or the original proxy card you received
with the proxy statement, or vote by phone or internet. If you would like an
additional copy of the proxy statement, please call 1-800-228-1872.
SHAREHOLDERS SHOULD RETAIN THIS SUPPLEMENT WITH THE PROXY
STATEMENT FOR FUTURE REFERENCE.
