REMBRANDT FUNDS
497, 1998-04-30
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<PAGE>
 

                                ABN AMRO Funds
                       (formerly, the "Rembrandt Funds")
                      Supplement dated April 30, 1998 to
           Statement of Additional Information dated April 30, 1998

THIS SUPPLEMENT CONTAINS NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN
THE STATEMENT OF ADDITIONAL INFORMATION AND SHOULD BE RETAINED AND READ IN 
CONJUNCTION WITH SUCH STATEMENT OF ADDITIONAL INFORMATION.

DST Systems, Inc. ("DST"), 330 W. 9th Street Kansas City, MO 64105, is serving
as the transfer agent and dividend disbursing agent for ABN AMRO Funds (the
"Trust") on a temporary basis. DST will serve as transfer agent and dividend
disbursing agent until August 8, 1998, or until its transfer agency agreement
with the Trust terminates, whichever occurs earlier. Compensation for these
services is paid under a transfer agency agreement with the Trust.


              PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE


<PAGE>
 
                                ABN AMRO Funds
                       (formerly, the "Rembrandt Funds")
                                 Common Shares
                      Supplement dated April 30, 1998 to
                        Prospectus dated April 30, 1998

THIS SUPPLEMENT CONTAINS NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN
THE PROSPECTUS AND SHOULD BE RETAINED AND READ IN CONJUNCTION WITH SUCH 
PROSPECTUS.

DST Systems, Inc. ("DST"), 330 W. 9th Street Kansas City, MO 64105, is serving
as the transfer agent and dividend disbursing agent for ABN AMRO Funds (the
"Trust") on a temporary basis. DST will serve as transfer agent and dividend
disbursing agent until August 8, 1998, or until its transfer agency agreement
with the Trust terminates, whichever occurs earlier. Compensation for these
services is paid under a transfer agency agreement with the Trust.

Until such time, please replace the section "Your Account and Doing Business
with Us-- How to Buy Common Shares from the Transfer Agent -- By Wire" on page
11 of the Prospectus with the following:

     If you have an account with a commercial bank that is a member of the
     Federal Reserve System, you may purchase shares of a Fund by requesting
     your bank to transmit funds by wire to: United Missouri Bank, N.A.; ABA 
     #10-10-00695; for Account Number 98-7052-349-3; Further Credit [Name of 
     Fund]. Your name and account number must be specified in the wire. Your 
     bank may impose a fee for investments by wire.

         Initial Purchases: Before making an initial investment by wire, you
     must first telephone 1-800-443-4725 to be assigned an account number. Your
     name, account number, taxpayer identification number or Social Security
     number, and address must be specified in the wire. In addition, an Account
     Application should be promptly forwarded to: ABN AMRO Funds, P.O. Box
     419402, Kansas City, Missouri 64141-6402.

         Subsequent Purchases: Additional investments may be made at any time
     through the wire procedures described above, which include your name and
     account number.


              PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE


<PAGE>
 

                                ABN AMRO Funds
                       (formerly, the "Rembrandt Funds")
                                Investor Shares
                      Supplement dated April 30, 1998 to
                        Prospectus dated April 30, 1998

THIS SUPPLEMENT CONTAINS NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN
THE PROSPECTUS AND SHOULD BE RETAINED AND READ IN CONJUNCTION WITH SUCH 
PROSPECTUS.

DST Systems, Inc. ("DST"), 330 W. 9th Street Kansas City, MO 64105, is serving
as the transfer agent and dividend disbursing agent for ABN AMRO Funds (the
"Trust") on a temporary basis. DST will serve as transfer agent and dividend
disbursing agent until August 8, 1998, or until its transfer agency agreement
with the Trust terminates, whichever occurs earlier. Compensation for these
services is paid under a transfer agency agreement with the Trust.


              PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

<PAGE>
 

                                ABN AMRO Funds
                       (formerly, the "Rembrandt Funds")
                                 Common Shares
                      Supplement dated April 30, 1998 to
                        Prospectus dated April 30, 1998

THIS SUPPLEMENT CONTAINS NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN
THE PROSPECTUS AND SHOULD BE RETAINED AND READ IN CONJUNCTION WITH SUCH 
PROSPECTUS.

Effective until July 17, 1998, CoreStates Bank, N.A., Broad and Chesnut Streets,
P.O. Box 7618, Philadelphia, Pennsylvania 19101, will serve as the Custodian of
ABN AMRO Funds (the "Trust"), and Morgan Stanley Trust Company will serve as
foreign Sub-Custodian of the Trust.


              PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE>
 
                                ABN AMRO Funds
                       (formerly, the "Rembrandt Funds")
                                Investor Shares
                      Supplement dated April 30, 1998 to
                        Prospectus dated April 30, 1998

THIS SUPPLEMENT CONTAINS NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN
THE PROSPECTUS AND SHOULD BE RETAINED AND READ IN CONJUNCTION WITH SUCH 
PROSPECTUS.

Effective until July 17, 1998, CoreStates, Bank, N.A., Broad and Chesnut
Streets, P.O. Box 7618, Philadelphia, Pennsylvania 19101, will serve as the
Custodian of ABN AMRO Funds (the "Trust"), and Morgan Stanley Trust Company will
serve as foreign Sub-Custodian of the Trust.


              PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
 


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