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[LOGO] GE Funds
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SUPPLEMENT DATED JUNE 25, 1999
TO THE PROSPECTUS DATED JANUARY 30, 1999
The following supplements information contained in the section titled "How to
Invest - Choosing a Share Class" on page 66 of the Prospectus:
Summary of the Redesignation
The Board of Trustees recently approved a plan to revise the share class
structure of the GE Funds (other than the GE Money Market Fund) effective as of
the close of business on September 17, 1999 (the "Redesignation"). The
Redesignation will redesignate Class C shares as Class A shares. Rule 12b-1 fees
payable by Class A shareholders will be reduced from 50 basis points to 25 basis
points. GE employees, retirees and their family members eligible to purchase
Class C shares will continue to enjoy the same pricing structure as they do
currently, but after the Redesignation will own Class A shares if they currently
hold Class C shares or be eligible to purchase Class A shares on a load-waived
basis. The existing Class C shares will no longer be offered. Class B
shareholders, whose shares are automatically converted into Class A after the
applicable holding period, will not experience a change to their class but will
benefit from the reduced Rule 12b-1 fees charged to Class A shares following the
conclusion of the applicable Class B holding period. Class D shares will be
renamed Class Y consistent with industry standards for institutional classes.
There will be no other changes to Class D shares.
We wish to emphasize that for investors currently eligible to acquire Class C
shares, the fee structure of the resulting class will be identical to existing
Class C, and there will be no front-end sales charges imposed on purchases by
those investors.
The Redesignation will be effected as a non-taxable exchange of shares. The GE
Money Market Fund will not be affected by the Redesignation. The following chart
describes your share class before and after the Redesignation, and highlights in
bold the key differences
<TABLE>
<CAPTION>
BEFORE AFTER
<S> <C> <C>
CLASS A INVESTORS o hold shares named Class A o hold shares named Class A
initial sales charge, o initial sales charge,
subject to certain waivers subject to certain waivers
o 0.50% Rule 12b-1 fee o 0.25% Rule 12b-1 fee
CLASS B INVESTORS o no initial sales charge o no initial sales charge
o 1.00% Rule 12b-1 fee o 1.00% Rule 12b-1 fee
o declining contingent deferred o declining contingent deferred
o sales charge o sales charge
o converts to Class A shares o converts to Class A shares
with 0.50% Rule 12b-1 fee after with 0.25% Rule 12b-1 fee after
applicable holding period applicable holding period
CLASS C INVESTORS o hold shares named Class C o hold shares named Class A
o no initial sales charge o initial sales charge waived for GE
o 0.25% Rule 12b-1 fee employees, retirees and their families
o 0.25% Rule 12b-1 fee
CLASS D INVESTORS o hold shares named Class D o hold shares named Class Y
</TABLE>
The following amends and restates the second paragraph of the description of
Miller Anderson & Sherrerd, LLP, the sub-adviser to the GE High Yield Fund,
appearing on page 59 of the Prospectus:
Robert E. Angevine, Thomas L. Bennett, Stephen F. Esser and Gordon W. Loery are
co-portfolio managers of the GE High Yield Fund. Mr. Angevine has more than 18
years of investment experience and joined Morgan Stanley Dean Witter Investment
Management Inc., an affiliate of MAS, in 1988. Mr. Angevine is currently a
Principal of Morgan Stanley & Co. Incorporated. Mr. Bennett has more than 19
years of investment experience and joined MAS in 1984. Mr. Bennett is currently
a Managing Director of Morgan Stanley & Co. Incorporated. Mr. Esser has more
than 13 years of investment experience and joined MAS in 1988. Mr. Esser is
currently a Managing Director of Morgan Stanley & Co. Incorporated. Mr. Loery
joined MAS in 1996 and is currently a Principal of Morgan Stanley Dean Witter.
He served as a Fixed Income Analyst at Morgan Stanley Asset Management Inc. from
1990 to 1996 and served as a Fixed Income Analyst at MAS from 1996 to 1999.
GEF-PRO1-37
