ABN AMRO FUNDS
Common Shares
Investor Shares
Supplement dated November 21, 2000 to each
Prospectus dated May 1, 2000
Money Market Funds: Money Market Fund(US), Government Money Market Fund(US),
Treasury Money Market Fund(US) and Tax-Exempt Money Market Fund(US)
U.S. Equity Funds: Value Fund(US), Growth Fund(US), Small Cap Fund(US) and Real
Estate Fund(US)
International Funds: International Equity Fund(US), Europe Equity Growth
Fund(US), Asian Tigers Fund(US), Latin America Equity Fund(US) and International
Fixed Income Fund(US)
Balanced Fund: Balanced Fund(US)
U.S. Fixed Income Funds: Fixed Income Fund(US) and Tax-Exempt Fixed Income
Fund(US)
This supplement supercedes and replaces any existing supplement to each
Prospectus. This supplement provides new and additional information beyond that
contained in each Prospectus. The "Where to Find it" section herein, if
applicable, refers to the specific section in each Prospectus that the new and
additional information supplements. This supplement should be retained and read
in conjunction with each Prospectus, as applicable.
Redemption Fee Information:
Beginning December 15, 2000, a 2% redemption fee will be assessed on the
redemption of shares (including those made in exchanges) that have been held
for 90 days or less of the Real Estate Fund(US). Purchases of shares
(including those made in exchanges) of the Real Estate Fund(US) made on or
after December 15, 2000 will be subject to the 2% redemption fee. Purchases
made before December 15, 2000 will not be subject to the fee.
A 2% redemption fee will be assessed on the redemption of shares (including
those made in exchanges) that have been held for 90 days or less of the
International Equity Fund(US), Europe Equity Growth Fund(US), Asian Tigers
Fund(US) and Latin America Equity Fund(US) (the "International Equity
Funds"). Purchases of shares (including those made in exchanges) of the
International Equity Funds made on or after August 1, 2000 will be subject to
the 2% redemption fee. Purchases made before August 1, 2000 will not be
subject to the fee.
Where to Find it: Exchanging Shares
Common Shares/Domestic Funds - Beginning on Page 39
Common Shares/International Funds - Page 22
Investor Shares - Page 49
Advisor's Name
ABN AMRO Asset Management (USA) LLC is the Advisor's name effective November
1, 2000.
Funds' New Distributor:
ABN AMRO Distribution Services (USA) Inc., 3200 Horizon Drive, King of
Prussia, Pennsylvania 19406 serves as the Funds' distributor.
<PAGE>
Signature Guarantee Information:
If your exchange or redemption request is for more than $50,000, or if you
are requesting that the proceeds from your redemption be sent to an address
or an account that is different from what we have on our records, then we may
require a written redemption request with a medallion signature guarantee
from an eligible guarantor (a notarized signature is not sufficient).
A medallion signature guarantee may be obtained from a domestic bank or trust
company, broker, dealer, clearing agency, savings association, or other
financial institution which is participating in a medallion program
recognized by the Securities Transfer Association. The three recognized
medallion programs are the Securities Transfer Agents Medallion Program
(STAMP), Stock Exchanges Medallion Program (SEMP) and New York Stock
Exchange, Inc. Medallion Signature Program (NYSE MSP). Signature guarantees
from financial institutions which are not participating in one of these
programs will not be accepted.
Where to Find it: Exchanging Shares and Selling Shares
Common Shares/Domestic Funds - Pages 39 and 41
Common Shares/International Funds - Pages 21 and 23
Investor Shares - Pages 48 and 50
Fund Closing Information:
On September 15, 2000, all shares of the International Fixed Income Fund(US)
were redeemed and the Fund was closed.
Portfolio Manager Information:
o Balanced Fund(US) and Fixed Income Fund(US)
The following information replaces similar information found in each
Prospectus:
Messrs. Anderson, Finley, Germack and Youngberg, members of the Fixed
Income Management Team, are jointly and primarily responsible for the
day-to-day management of the Fixed Income Fund(US) and the fixed income
portion of the Balanced Fund(US). Messrs. Anderson, Finley, Germack and
Youngberg have been members of the team since September 2000, February
2000, August 1999 and January 1999, respectively.
The following information supplements similar information found in each
Prospectus:
John Anderson, Senior Vice President of the Advisor, has served as portfolio
manager of the Fixed Income Fund(US) and the fixed income portion of the
Balanced Fund(US) since September, 2000. Mr. Anderson has over 15 years of
investment management experience. Prior to joining the Advisor in September,
2000 Mr. Anderson served as a Vice President of Contifinancial Services
Corporation in New York from 1994 to 1999. There he was responsible for risk
management operations and interest rate and credit risk strategies. Prior to
that, Mr. Anderson served in capacities ranging from derivative trader to senior
portfolio manager at several investment advisors including The Prudential
Insurance Co. of America. Mr. Anderson holds an M.B.A. in Finance from New York
University and a B.A. in Economics from Colgate University.
Where to Find it: Investment Advisor
Common Shares/Domestic Funds - Beginning on Page 44
Investor Shares - Beginning on Page 53
<PAGE>
o Value Fund(US)
The following information replaces similar information found in each
Prospectus:
Messrs. Rydell and Sikorski and Ms. Reed of Mellon Equity, are jointly
responsible for implementing the Fund's policies and strategies on a day-to-day
basis. Together they co-manage large-cap value assets for Mellon Equity.
The following information supplements similar information found in each
Prospectus:
Jocelin A. Reed, C.F.A., is a Vice President and portfolio manager with Mellon
Equity and has been with the Mellon organization since 1996. Prior to working at
Mellon Equity, she was a Corporate Banking Relationship Manager in Mellon Bank's
utilities lending group and worked for J.P. Morgan and Deloitte & Touche. Ms.
Reed holds an M.B.A. from the Joesph M. Katz School of Business at the
Univeristy of Pittsburgh and a B.S. in Finance from The Pennsylvania State
University. She is a member of the Pittsburgh Society of Financial Analysts and
the Association of Investment Management and Research.
Where to Find it: Sub-Advisor
Common Shares/Domestic Funds - Beginning on Page 46
Investor Shares - Beginning on Page 58
o Asian Tigers Fund(US)
The following information replaces similar information found in each
Prospectus:
Messrs. Leung, Lung, Ng and Thakore, members of the Asian Equity Team, have been
jointly and primarily responsible for the day-to-day management of the Asian
Tigers Fund(US) since November, 1999. Mr. Ng has served as portfolio manager
since July 1, 1995.
o International Equity Fund(US)
The following information replaces similar information found in each
Prospectus:
Messrs. Bloemen, Maas, Maters, Moolenburgh, Niehoff, Postma, van der Geest and
van der Veen and Ms. Pals-de Groot, members of the International Equity Team,
are jointly and primarily responsible for the day-to-day management of the
International Equity Fund(us). Messrs. Bloemen, van der Geest and van der Veen
have been members of the International Equity Team since October 1, 2000. Mr.
Maters has been a member of the International Equity Team since November 1999,
and Mr. Postma has been a member since March 1997. The other portfolio managers
have been members of the International Equity Team since April 1999.
The following information supplements similar information found in each
Prospectus:
Maarten Bloemen has been associated with the Advisor and/or its affiliates
since 1989. From 1989 to 1994, he held various marketing and sales
positions for both direct equities and asset management products in
Toronto, Canada. From 1994 until 1997 he worked in Amsterdam as an analyst
in the Global Industries department covering the energy, base metals and
gold sectors. Since 1998, Mr. Bloemen has been a portfolio manager, and in
2000 he joined the Global Equities team. Mr. Bloemen holds a Masters and a
Bachelor degree in Environmental Planning.
<PAGE>
Jaap van der Geest, Vice President of the Advisor, has been associated with
the Advisor and/or its affiliates since 1990. From 1990 to 1996, he worked
as an equities analyst covering such sectors as retail and
telecommunications. In 1996, he joined ABN AMRO Asset Management as head of
the Dutch Equities team, and in 2000 he joined the Global Equities team.
Mr. van der Geest has a Masters degree in Macro-Economics and Business
Administration from the University of Groningen.
Wouter van der Veen, Senior Vice President of the Advisor, has been associated
with the Advisor and/or its affiliates since 1987, when he began his career as
an equity analyst covering European banks. From 1994 to 1996, he served as the
head of Dutch Equity Research at ABN AMRO's brokerage. In 1996, he became C.O.O.
of the Dutch equity brokerage in Amsterdam and in 1998, he was appointed C.O.O.
of equity brokerage for Europe, the Middle East and Africa. Since 2000, Mr. van
der Veen has worked for ABN AMRO Asset Management as co-leader of the Global
Equities team. Mr. van der Veen holds a Masters degree in economics from the
University of Groningen.
o Latin America Equity Fund(US)
The following information replaces similar information found in each
Prospectus. The information regarding Mr. Lampl is deleted:
Luiz M. Ribeiro, Jr. CFA, portfolio manager of the Fund, has served as the
portfolio manager or co-manager of the Fund since November, 1997. Mr. Ribeiro
has worked as an investment analyst with the Advisor and/or its affiliates since
1994. From March, 1990 to June, 1993, he served with the trading desk of Dibran
DTVM Ltd. Mr. Ribeiro obtained a Business Degree at the University of Sao Paulo
in 1990. In 1993, he completed his M.B.A. offered by IBMEC (Brazilian Institute
of Capital Markets) in Sao Paulo.
Where to Find it: Investment Advisor
Common Shares/International Funds - Beginning on Page 25
Investor Shares - Beginning on Page 53
Purchasing, Exchanging and Selling Shares:
You may purchase, exchange or sell a Fund's shares on any business day. A
business day is any day the New York Stock Exchange (NYSE) is open. On days
when the NYSE closes early due to holidays, unusual weather or other
conditions, the Funds may advance the time by which purchase, redemption or
exchange orders must be received in order to receive same Business Day
credit.
Where to Find it: How to Purchase, Exchange and Sell Shares
Common Shares/Domestic Funds - Pages 38 - 41
Common Shares/International Funds - Pages 20 - 23
Investor Shares - Pages 47 - 51
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
For more information, please call the ABN AMRO
Funds or visit the website:
1-800-443-4725
www.abnamrofunds-usa.com
ABN-A-047-01
<PAGE>
ABN AMRO FUNDS
Common Shares
Investor Shares
Supplement dated November 21, 2000 to the
Statement of Additional Information
dated May 1, 2000
Money Market Funds: Money Market Fund(US), Government Money Market Fund(US),
Treasury Money Market Fund(US) and Tax-Exempt Money Market Fund(US)
U.S. Equity Funds: Value Fund(US), Growth Fund(US), Small Cap Fund(US) and Real
Estate Fund(US)
International Funds: International Equity Fund(US), Europe Equity Growth
Fund(US), Asian Tigers Fund(US), Latin America Equity Fund(US) and International
Fixed Income Fund(US)
Balanced Fund: Balanced Fund(US)
U.S. Fixed Income Funds: Fixed Income Fund(US) and Tax-Exempt Fixed Income
Fund(US)
This supplement supercedes and replaces any existing supplement to the Statement
of Additional Information ("SAI"). This supplement provides new and additional
information beyond that contained in the SAI. The "Where to Find it" section
herein, if applicable, refers to the specific section in the SAI that the new
and additional information supplements. This supplement should be retained and
read in conjunction with the SAI.
Redemption Fee Information:
Beginning December 15, 2000, a 2% redemption fee will be assessed on the
redemption of shares (including those made in exchanges) that have been held
for 90 days or less of the Real Estate Fund(US). Purchases of shares
(including those made in exchanges) of the Real Estate Fund(US) made on or
after December 15, 2000 will be subject to the 2% redemption fee. Purchases
made before December 15, 2000 will not be subject to the fee.
A 2% redemption fee will be assessed on the redemption of shares (including
those made in exchanges) that have been held for 90 days or less of the
International Equity Fund(US), Europe Equity Growth Fund(US), Asian Tigers
Fund(US) and Latin America Equity Fund(US) (the "International Equity
Funds"). Purchases of shares (including those made in exchanges) of the
International Equity Funds made on or after August 1, 2000 will be subject to
the 2% redemption fee. Purchases made before August 1, 2000 will not be
subject to the fee.
Where to Find it: Purchase and Redemption of Shares - Page 55
Advisor's Name
ABN AMRO Asset Management (USA) LLC is the Advisor's name effective November
1, 2000.
Funds' New Distributor:
ABN AMRO Distribution Services (USA) Inc., 3200 Horizon Drive, King of
Prussia, Pennsylvania 19406 serves as the Funds' distributor.
Where to Find it: Distribution and Shareholder Servicing - Page 43
<PAGE>
Signature Guarantee Information:
If your exchange or redemption request is for more than $50,000, or if you
are requesting that the proceeds from your redemption be sent to an address
or an account that is different from what we have on our records, then we may
require a written redemption request with a medallion signature guarantee
from an eligible guarantor (a notarized signature is not sufficient).
A medallion signature guarantee may be obtained from a domestic bank or trust
company, broker, dealer, clearing agency, savings association, or other
financial institution which is participating in a medallion program
recognized by the Securities Transfer Association. The three recognized
medallion programs are the Securities Transfer Agents Medallion Program
(STAMP), Stock Exchanges Medallion Program (SEMP) and New York Stock
Exchange, Inc. Medallion Signature Program (NYSE MSP). Signature guarantees
from financial institutions which are not participating in one of these
programs will not be accepted.
Where to Find it: Purchase and Redemption of Shares - Page 54
Fund Closing Information:
On September 15, 2000, all shares of the International Fixed Income Fund(US)
were redeemed and the Fund was closed.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
For more information, please call the ABN AMRO
Funds or visit the website:
1-800-443-4725
www.abnamrofunds-usa.com
ABN-A-046-01
