ABN AMRO FUNDS, 497, 1999-07-01

ABN AMRO FUNDS
497, 1999-07-01
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                                 ABN AMRO Funds
                                Investor Shares

                      Supplement dated July 1, 1999 to the
                          Prospectus dated May 3, 1999

Money Market Funds:  Treasury  Money Market  Fund(US) , Government  Money Market
Fund(US), Money Market Fund(US) and Tax-Exempt Money Market Fund(US)

Bond  Funds:  Fixed  Income  Fund(US),   Intermediate  Government  Fixed  Income
Fund(US),  Tax-Exempt Fixed Income Fund(US) and Limited  Volatility Fixed Income
Fund(US)

Balanced Fund:  Balanced Fund(US)

Stock Funds: Value Fund(US),  Growth Fund(US),  Small Cap Growth Fund(US), Small
Cap Value Fund(US) and Real Estate Fund(US)

International Funds: International Equity Fund(US),  TransEurope Fund(US), Asian
Tigers Fund(US),  Latin America Equity Fund(US) and  International  Fixed Income
Fund(US)

This  supplement  supercedes  and  replaces  any  existing  supplements  to  the
prospectus.  This supplement provides new and additional information beyond that
contained in the prospectus.  It should be retained and read in conjunction with
the  prospectus.

The Board of  Trustees of the Trust has voted to  terminate  the Small Cap Value
Fund. Effective  immediately,  shares of the Small Cap Value Fund will no longer
be offered for sale. On July 31, 1999, all shares of the Fund still  outstanding
will be redeemed.


               PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE



<PAGE>


                                 ABN AMRO Funds
                                 Common Shares

                      Supplement dated July 1, 1999 to the
                          Prospectus dated May 3, 1999

Money Market Funds:  Treasury  Money Market  Fund(US) , Government  Money Market
Fund(US), Money Market Fund(US) and Tax-Exempt Money Market Fund(US)

Bond  Funds:  Fixed  Income  Fund(US),   Intermediate  Government  Fixed  Income
Fund(US),  Tax-Exempt Fixed Income Fund(US) and Limited  Volatility Fixed Income
Fund(US)

Balanced Fund:  Balanced Fund(US)

Stock Funds:  Value Fund(US), Growth Fund(US), Small Cap Growth Fund(US), Small
Cap Value Fund(US) and Real Estate Fund(US)

International Funds: International Equity Fund(US), TransEurope Fund(US), Asian
Tigers Fund(US), Latin America Equity Fund(US) and
International Fixed Income Fund(US)


This  supplement  supercedes  and  replaces  any  existing  supplements  to  the
prospectus.  This supplement provides new and additional information beyond that
contained in the prospectus.  It should be retained and read in conjunction with
the prospectus.

The Board of  Trustees of the Trust has voted to  terminate  the Small Cap Value
Fund. Effective  immediately,  shares of the Small Cap Value Fund will no longer
be offered for sale. On July 31, 1999, all shares of the Fund still  outstanding
will be redeemed.




               PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE