ABN AMRO Funds
Money Market Funds: Treasury Money Market Fund, Government
Money Market Fund, Money Market Fund, and Tax-Exempt Money
Market Fund
Fixed Income Funds: Fixed Income Fund, Intermediate
Government Fixed Income Fund, Tax-Exempt Fixed Income Fund,
International Fixed Income Fund, and Limited Volatility
Fixed Income Fund
Balanced Fund: Balanced Fund
Equity Funds: Value Fund, Growth Fund, International Equity
Fund, Small Cap Growth Fund, Real Estate Fund, Asian Tigers
Fund, Latin America Equity Fund, and TransEurope Fund
Supplement dated September 18, 1998 to the
Prospectus - Investor Share Class
dated April 30, 1998
The following information supplements the information found
under the heading Distribution and Shareholder Servicing
on page 35:
The Advisor may, from time to time and at its own expense,
provide promotional incentives, in the form of cash or other
compensation, to certain financial institutions whose
representatives have sold or are expected to sell
significant amounts of the Funds shares. Some of these
financial institutions may be affiliated with the Advisor.
The following information supplements the information found
under the heading Description of Permitted Investments and
Risk Factors Futures Contracts and Options on Futures
Contracts beginning on page 45:
Whenever a Fund is required to establish a segregated account,
notations on the books of the Trusts custodian are sufficient to
constitute a segregated account.
The following information supplements the information found
under the heading Description of Permitted Investments and
Risk Factors Options beginning on page 48:
Whenever a Fund is required to establish a segregated account,
notations on the books of the Trusts custodian are sufficient to
constitute a segregated account.
The following information supplements the information found
under the heading Description of Permitted Investments and
Risk Factors When-Issued and Delayed Delivery Securities
on page 54:
Whenever a Fund is required to establish a segregated account,
notations on the books of the Trusts custodian are sufficient to
constitute a segregated account.
The following information replaces the information for
Charles H. Self, III and Gregory D. Boal found under the
heading The Advisor on page 33:
Gregory D. Boal, Senior Vice President of the Advisor, has
served as portfolio manager of the fixed income portion of
the Balanced Fund since April 1997, as co-manager of the
Tax-Exempt Fixed Income Fund since July, 1997, and as
portfolio manager of the Fixed Income Fund since June, 1998.
Mr. Boal joined the Advisor in March, 1997 as a portfolio
manager. He served as Manager, Fixed Income Division of
First Citizens Bank from November, 1989 to March, 1997.
The following information replaces similar information found
on page 34:
THE ADMINISTRATOR AND SUB-ADMINISTRATOR
ABN AMRO Fund Services, Inc. (the Administrator) serves as
the Administrator for the Trust. The Administrator is an
affiliate of the Advisor and both are under the common
control of ABN AMRO Holding N.V., a Netherlands company. As
Administrator, it provides the Trust with administrative
services, including oversight and monitoring of the sub-
administrator, transfer agent, distributor and custodian.
The Administrator is entitled to a fee, which is calculated
daily and paid monthly, at an annual rate of 0.15% of the
average daily net assets of the Fund.
First Data Investor Services Group, Inc. serves as the Sub-
Administrator for the Trust. As Sub-Administrator it
provides the Trust with sub-administrative services,
including fund accounting, regulatory reporting, necessary
office space, equipment, personnel and facilities.
Compensation for these services is paid under a Sub-
Administration and Fund Accounting Agreement with the
Administrator.
ABN AMRO Funds
Money Market Funds: Treasury Money Market Fund, Government
Money Market Fund, Money Market Fund, and Tax-Exempt Money
Market Fund
Fixed Income Funds: Fixed Income Fund, Intermediate
Government Fixed Income Fund, Tax-Exempt Fixed Income Fund,
International Fixed Income Fund, and Limited Volatility
Fixed Income Fund
Balanced Fund: Balanced Fund
Equity Funds: Value Fund, Growth Fund, International Equity
Fund, Small Cap Growth Fund, Real Estate Fund, Asian Tigers
Fund, Latin America Equity Fund, and TransEurope Fund
Supplement dated September 18, 1998 to the
Prospectus - Common Share Class
dated April 30, 1998
The following information supplements the information found
under the heading The Distributor beginning on page 28:
The Advisor may, from time to time and at its own expense,
provide promotional incentives, in the form of cash or other
compensation, to certain financial institutions whose
representatives have sold or are expected to sell
significant amounts of the Funds shares. Some of these
financial institutions may be affiliated with the Advisor.
The following information supplements the information found
under the heading Description of Permitted Investments and
Risk Factors Futures Contracts and Options on Futures
Contracts beginning on page 34:
Whenever a Fund is required to establish a segregated account,
notations on the books of the Trusts custodian are sufficient to
constitute a segregated account.
The following information supplements the information found
under the heading Description of Permitted Investments and
Risk Factors Options beginning on page 36:
Whenever a Fund is required to establish a segregated account,
notations on the books of the Trusts custodian are sufficient to
constitute a segregated account.
The following information supplements the information found
under the heading Description of Permitted Investments and
Risk Factors When-Issued and Delayed Delivery Securities
beginning on page 53:
Whenever a Fund is required to establish a segregated account,
notations on the books of the Trusts custodian are sufficient to
constitute a segregated account.
The following information replaces the information for
Charles H. Self, III and Gregory D. Boal found under the
heading The Advisor on page 33:
Gregory D. Boal, Senior Vice President of the Advisor, has
served as portfolio manager of the fixed income portion of
the Balanced Fund since April 1997, as co-manager of the
Tax-Exempt Fixed Income Fund since July, 1997, and as
portfolio manager of the Fixed Income Fund since June, 1998.
Mr. Boal joined the Advisor in March, 1997 as a portfolio
manager. He served as Manager, Fixed Income Division of
First Citizens Bank from November, 1989 to March, 1997.
The following information replaces similar information found
on page 34:
THE ADMINISTRATOR AND SUB-ADMINISTRATOR
ABN AMRO Fund Services, Inc. (the Administrator) serves as
the Administrator for the Trust. The Administrator is an
affiliate of the Advisor and both are under the common
control of ABN AMRO Holding N.V., a Netherlands company. As
Administrator, it provides the Trust with administrative
services, including oversight and monitoring of the sub-
administrator, transfer agent, distributor and custodian.
The Administrator is entitled to a fee, which is calculated
daily and paid monthly, at an annual rate of 0.15% of the
average daily net assets of the Fund.
First Data Investor Services Group, Inc. serves as the Sub-
Administrator for the Trust. As Sub-Administrator it
provides the Trust with sub-administrative services,
including fund accounting, regulatory reporting, necessary
office space, equipment, personnel and facilities.
Compensation for these services is paid under a Sub-
Administration and Fund Accounting Agreement with the
Administrator.
ABN AMRO Funds
Money Market Funds: Treasury Money Market Fund, Government
Money Market Fund, Money Market Fund, and Tax-Exempt Money
Market Fund
Fixed Income Funds: Fixed Income Fund, Intermediate
Government Fixed Income Fund, Tax-Exempt Fixed Income Fund,
International Fixed Income Fund, and Limited Volatility
Fixed Income Fund
Balanced Fund: Balanced Fund
Equity Funds: Value Fund, Growth Fund, International Equity
Fund, Small Cap Growth Fund, Real Estate Fund, Asian Tigers
Fund, Latin America Equity Fund, and TransEurope Fund
Supplement dated September 18, 1998 to the
Statement of Additional Information
dated April 30, 1998
The following information supplements the information found
under the heading Description of Permitted Investments
Borrowing on page 4:
Whenever a Fund is required to establish a segregated account,
notations on the books of the Trusts custodian are sufficient to
constitute a segregated account.
The following information supplements the information found
under the heading Description of Permitted Investments
Short Sales on page 5:
Whenever a Fund is required to establish a segregated account,
notations on the books of the Trusts custodian are sufficient to
constitute a segregated account.
The following information replaces similar information found
on page 21:
THE ADMINISTRATOR AND SUB-ADMINISTRATOR
The Trust and ABN AMRO Fund Services, Inc. (the
Administrator), a direct wholly-owned subsidiary of ABN
AMRO Capital Markets Holding, Inc., which is an indirect,
wholly-owned subsidiary of ABN AMRO Holding N.V., a
Netherlands company, have entered into an administration
agreement (the Administration Agreement) dated July 1,
1998. Under the Administration Agreement: (i) the
Administrator is entitled to receive a fee at an annual rate
of 0.15% of the average daily net assets of the Funds; (ii)
the Trust may withhold a portion of this fee in the event
that the Administrator fails to perform its duties according
to the performance standards as set forth in the Agreement;
and (iii) the Trust agreed to pay the Administrator
$1,500,000 if the Trust terminates the Agreement within the
first year and $750,000 if the Trust terminates the
Agreement in the second year.
The Administrator is an affiliate of the Advisor and both
are under the common control of ABN AMRO Holding N.V. The
Administrator, a Delaware corporation, has its principal
business offices at 208 South LaSalle Street, Chicago,
Illinois 60604. ABN AMRO Holding N.V. and its subsidiaries
and affiliates, including the Administrator, are global
providers of financial services, including banking and
investment management.
Prior to March 2, 1998, SEI Fund Resources (SEI) served as
the Trusts administrator. SEI, a Delaware business trust,
has its principal offices at Oaks, Pennsylvania 19456. SEI
Investments Management Corporation, a wholly-owned
subsidiary of SEI Investments Company, is the owner of all
beneficial interest in SEI.
First Data Investor Services Group (Investor Services
Group) serves as the Trusts sub-administrator pursuant to
a Sub-Administration and Fund Accounting Agreement dated
July 1, 1998 between Investor Services Group and the
Administrator. From March 2, 1998 until June 30, 1998,
Investor Services Group served as the Trusts administrator.
Investor Services Group, a Massachusetts corporation, has
its principal offices at 4400 Computer Drive, Westborough,
Massachusetts 01581. First Data Corporation and its
subsidiaries and affiliates, including Investor Services
Group, are leading providers of funds evaluation services,
trust accounting systems, and brokerage and information
services to financial institutions, institutional investors,
and money managers.
ABN AMRO Funds
Small Cap Value Fund
Supplement dated September 18, 1998 to the
Prospectus - Investor Share Class
dated June 30, 1998
The following information supplements the information found
under the heading Distribution and Shareholder Servicing
beginning on page 14:
The Advisor may, from time to time and at its own expense,
provide promotional incentives, in the form of cash or other
compensation, to certain financial institutions whose
representatives have sold or are expected to sell
significant amounts of the Funds shares. Some of these
financial institutions may be affiliated with the Advisor.
The following information supplements the information found
under the heading Description of Permitted Investments and
Risk Factors Futures Contracts and Options on Futures
Contracts beginning on page 21:
Whenever the Fund is required to establish a segregated account,
notations on the books of the Trusts custodian are sufficient to
constitute a segregated account.
The following information supplements the information found
under the heading Description of Permitted Investments and
Risk Factors Options beginning on page 22:
Whenever the Fund is required to establish a segregated account,
notations on the books of the Trusts custodian are sufficient to
constitute a segregated account.
The following information supplements the information found
under the heading Description of Permitted Investments and
Risk Factors When-Issued and Delayed Delivery Securities
on page 26:
Whenever the Fund is required to establish a segregated account,
notations on the books of the Trusts custodian are sufficient to
constitute a segregated account.
ABN AMRO Funds
Small Cap Value Fund
Supplement dated September 18, 1998 to the
Prospectus - Common Share Class
dated June 30, 1998
The following information supplements the information found
under the heading The Distributor on page 14:
The Advisor may, from time to time and at its own expense,
provide promotional incentives, in the form of cash or other
compensation, to certain financial institutions whose
representatives have sold or are expected to sell
significant amounts of the Funds shares. Some of these
financial institutions may be affiliated with the Advisor.
The following information supplements the information found
under the heading Description of Permitted Investments and
Risk Factors Futures Contracts and Options on Futures
Contracts beginning on page 20:
Whenever the Fund is required to establish a segregated account,
notations on the books of the Trusts custodian are sufficient to
constitute a segregated account.
The following information supplements the information found
under the heading Description of Permitted Investments and
Risk Factors Options beginning on page 22:
Whenever the Fund is required to establish a segregated account,
notations on the books of the Trusts custodian are sufficient to
constitute a segregated account.
The following information supplements the information found
under the heading Description of Permitted Investments and
Risk Factors When-Issued and Delayed Delivery Securities
on page 25:
Whenever the Fund is required to establish a segregated account,
notations on the books of the Trusts custodian are sufficient to
constitute a segregated account.
ABN AMRO Funds
Small Cap Value Fund
Supplement dated September 18, 1998 to the
Statement of Additional Information
dated June 30, 1998
The following information supplements the information found
under the heading Description of Permitted Investments
Borrowing on page 2:
Whenever the Fund is required to establish a segregated account,
notations on the books of the Trusts custodian are sufficient to
constitute a segregated account.
