GE Funds
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Supplement Dated May 20, 1997
to
Prospectus Dated December 30, 1996
On May 15, 1997, the Board of Trustees of GE Funds unanimously approved a
proposed transaction (the "Reorganization") whereby GE Funds will acquire all or
substantially all of the assets of the five existing series of the Investors
Trust Funds (the "IT Funds"). In connection with the Reorganization, two
additional series of GE Funds will be created, GE Value Equity Fund and GE
Government Securities Fund.
GE Investment Management Incorporated ("GEIM"), GE Funds' current investment
manager, will serve as investment manager for each Fund. GEIM has informed the
Board of Trustees of GE Funds that it intends to propose that Brown Brothers
Harriman & Co., the current sub-investment adviser to Investors Trust Tax Free
Fund, be retained as sub-investment adviser to GE Tax-Exempt Fund and that
certain investment policies and restrictions be amended to conform to those of
Investors Trust Tax Free Fund.
