As filed with the Securities and Exchange Commission on August 7, 1995
Registration Nos. 33-54632 and 811-7340
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
POST-EFFECTIVE AMENDMENT NO. 15
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
AMENDMENT NO. 16
THE PIERPONT FUNDS
(Exact Name of Registrant as Specified in Charter)
6 St. James Avenue, Boston, Massachusetts 02116
(Address of Principal Executive Offices)
Registrant's Telephone Number, including Area Code: (617) 423-0800
James B. Craver, Esq.
6 St. James Avenue, Boston, Massachusetts 02116
(Name and Address of Agent for Service)
Copy to:
Stephen K. West, Esq.
Sullivan & Cromwell
125 Broad Street, New York, New York 10004
It is proposed that this filing will become effective (check appropriate box)
_X_ Immediately upon filing pursuant to paragraph (b)
___ on (date) pursuant to paragraph (b)
___ 60 days after filing pursuant to paragraph (a)(i)
___ on (date) pursuant to paragraph (a)(i)
___ 75 days after filing pursuant to paragraph (a)(ii)
___ on (date) pursuant to paragraph (a)(ii) of rule 485.
If appropriate, check the following box:
___ this post-effective amendment designates a new effective date for a
previously filed post-effective amendment.
The Registrant has previously registered an indefinite number of its
shares under the Securities Act of 1933, as amended (the "1933 Act"), pursuant
to Rule 24f-2 under the Investment Company Act of 1940, as amended (the "1940
Act"). The Registrant has filed Rule 24f-2 notices with respect to its series as
follows: Tax Exempt Money Market and Tax Exempt Bond Funds (for their fiscal
years ended August 31, 1994) on October 11, 1994; Treasury Money Market, Short
Term Bond, Bond, Emerging Markets Equity and International Equity Funds (for
their fiscal years ended October 31, 1994) on December 22, 1994; Money Market
Fund (for its fiscal year ended November 30, 1994) on January 27, 1995; Equity
and Capital Appreciation Funds (for their fiscal years ended May 31, 1994) on
July 25, 1994; Diversified Fund (for its fiscal year ended June 30, 1994) on
August 17, 1994; and New York Total Return Bond Fund (for its fiscal year ended
March 31, 1995) on May 23, 1995.
<PAGE>
CALCULATION OF REGISTRATION FEE UNDER THE SECURITIES ACT OF 1933(1)(2)
Proposed Proposed
Title of Amount Being Maximum Maximum
Securities Registered Offering Aggregate Amount of
Being Under Rule Price Per Offering Registration
Registered 24e-2 Unit(3) Price(4) Fee
=========================================================================
The Pierpont Tax
Exempt Bond Fund
Shares of Benefi-
cial Interest (par
value $0.001
per share) 8,243,307 $11.65 $290,000 $100.00
=========================================================================
(1) The shares being registered as set forth in this table are in
addition to the indefinite number of shares of beneficial interest
which Registrant has registered under the 1933 Act pursuant to Rule
24f-2 under the 1940 Act. Registrant filed the Notice required by
Rule 24f-2 on October 11, 1994 with respect to The Pierpont Tax
Exempt Bond Fund for its fiscal year ended August 31, 1994.
(2) This revised calculation supersedes a calculation of registration fees
with respect to shares of The Pierpont Tax Exempt Bond Fund included in
Post-Effective Amendment No. 12 to this registration statement, as
filed with the Securities and Exchange Commission on December 19, 1994.
(3) Based on closing price of $11.65 for The Pierpont Tax Exempt Bond Fund
on July 21, 1995 pursuant to Rule 457(d) under the 1933 Act and Rule
24e-2(a) under the 1940 Act.
(4) In response to Rule 24e-2(b) under the 1940 Act: (1) the calculation of
the maximum aggregate offering price of the series is made pursuant to
Rule 24e-2; (2) 27,525,462 shares of beneficial interest of The
Pierpont Tax Exempt Bond Fund were redeemed by the Registrant during
its fiscal year ended August 31, 1994; (3) 19,307,047 shares of The
Pierpont Tax Exempt Bond Fund are being used for reductions pursuant to
Rule 24f-2 during the current fiscal year; and (4) 8,218,415 shares
of The Pierpont Tax Exempt Bond Fund are being used for reductions in
this amendment pursuant to Rule 24e-2(a).
The Money Market Portfolio, The Tax Exempt Money Market Portfolio, The
Treasury Money Market Portfolio, The Short Term Bond Portfolio, The U.S. Fixed
Income Portfolio, The Tax Exempt Bond Portfolio, The Selected U.S. Equity
Portfolio, The U.S. Small Company Portfolio, The Non-U.S. Equity Portfolio, The
Diversified Portfolio, The Emerging Markets Equity Portfolio and The New York
Total Return Bond Portfolio have also executed this Registration Statement.
JPM434.EDG
<PAGE>
EXPLANATORY NOTE
This post-effective amendment no. 15 (the "Amendment") to the Registrant's
registration statement on Form N-1A (File no. 33-54632) (the "Registration
Statement") hereby incorporates herein by reference Part A, Part B and Part C of
post-effective amendment no. 14 to the Registration Statement as filed with the
Securities and Exchange Commission on July 28, 1995.
The sole purpose of this Amendment is to include a revised notice pursuant
to Rule 24e-2 under the Investment Company Act of 1940 with respect to The
Pierpont Tax Exempt Bond Fund, a series of shares of the Registrant. Therefore,
this Amendment does not relate to, amend or otherwise affect any of the
prospectuses or the Statement of Additional Information contained in the
post-effective amendments listed below, and pursuant to Rule 485(d) under the
Securities Act of 1933, the Amendment does not affect the effectiveness of any
such post-effective amendment.
POST-EFFECTIVE
SERIES AMENDMENT NO.
The Pierpont Money Market Fund 13
The Pierpont Tax Exempt Money Market Fund 12
The Pierpont Treasury Money Market Fund 13
The Pierpont Bond Fund 13
The Pierpont Short Term Bond Fund 13
The Pierpont Tax Exempt Bond Fund 12
The Pierpont Equity Fund 10
The Pierpont Capital Appreciation Fund 10
The Pierpont International Equity Fund 13
The Pierpont Diversified Fund 10
The Pierpont Emerging Markets Equity Fund 13
The Pierpont New York Total Return Bond Fund 14
The Pierpont Funds (combined Prospectus, all series other
than The Pierpont New York Total Return Bond Fund) 13
The Pierpont Funds Statement of Additional Information (all
series) 14
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940, the Registrant certifies that it meets all the
requirements for effectiveness of this amendment to its Registration Statement
on Form N-1A ("Registration Statement") pursuant to Rule 485(b) under the
Securities Act of 1933 and has duly caused this Registration Statement to be
signed on its behalf by the undersigned, thereto duly authorized, in the City of
Boston, and Commonwealth of Massachusetts, on the 1st day of August, 1995.
THE PIERPONT FUNDS
By /s/ JAMES B. CRAVER
James B. Craver
Treasurer
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following persons in the
capacities indicated on August 1, 1995.
MATTHEW HEALEY*
Matthew Healey
Chairman and Chief Executive Officer
PHILIP W. COOLIDGE*
Philip W. Coolidge
President
/s/ JAMES B. CRAVER
James B. Craver
Treasurer and Chief Financial and Accounting Officer
F.S. ADDY*
F.S. Addy
Trustee
WILLIAM G. BURNS*
William G. Burns
Trustee
ARTHUR C. ESCHENLAUER*
Arthur C. Eschenlauer
Trustee
MICHAEL P. MALLARDI*
Michael P. Mallardi
Trustee
*By /s/ JAMES B. CRAVER
James B. Craver
As attorney-in-fact pursuant to a power of attorney previously filed
<PAGE>
SIGNATURES
Each Portfolio has duly caused this Post-Effective Amendment to the
Registration Statement on Form N-1A ("Registration Statement") of The Pierpont
Funds (the "Trust") (File No. 33-54632) to be signed on its behalf by the
undersigned, thereto duly authorized, in George Town, Grand Cayman, Cayman
Islands, on the 31st day of July, 1995.
THE MONEY MARKET PORTFOLIO, THE TAX EXEMPT MONEY MARKET PORTFOLIO, THE TREASURY
MONEY MARKET PORTFOLIO, THE SHORT TERM BOND PORTFOLIO, THE U.S. FIXED INCOME
PORTFOLIO, THE TAX EXEMPT BOND PORTFOLIO, THE SELECTED U.S. EQUITY PORTFOLIO,
THE U.S. SMALL COMPANY PORTFOLIO, THE NON-U.S. EQUITY PORTFOLIO, THE DIVERSIFIED
PORTFOLIO, THE EMERGING MARKETS EQUITY PORTFOLIO AND THE NEW YORK TOTAL RETURN
BOND PORTFOLIO
By /s/ SUSAN JAKUBOSKI
Susan Jakuboski
Assistant Treasurer
Pursuant to the requirements of the Securities Act of 1933, the Trust's
Registration Statement has been signed below by the following persons in the
capacities indicated on July 31, 1995.
PHILIP W. COOLIDGE*
Philip W. Coolidge
President of the Portfolios
JAMES B. CRAVER*
James B. Craver
Treasurer and Chief Financial and Accounting Officer of the Portfolios
MATTHEW HEALEY*
Matthew Healey
Chairman and Chief Executive Officer of the Portfolios
F.S. ADDY*
F.S. Addy
Trustee of the Portfolios
WILLIAM G. BURNS*
William G. Burns
Trustee of the Portfolios
ARTHUR C. ESCHENLAUER*
Arthur C. Eschenlauer
Trustee of the Portfolios
MICHAEL P. MALLARDI*
Michael P. Mallardi
Trustee of the Portfolios
*By /s/ SUSAN JAKUBOSKI
Susan Jakuboski
As attorney-in-fact pursuant to a power of attorney previously filed
