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American Odyssey Funds, Inc.
Prospectus
Supplement
October 13, 2000
Wellington Management Company, LLP ("Wellington") has replaced Equinox Capital
Management, LLC ("Equinox") as one of the subadvisers for the Core Equity Fund.
The three subadvisers for the Core Equity Fund are now Wellington Management
Company, LLP, Putnam Investment Management, Inc., and State Street Global
Advisors.
The section regarding Equinox on page 18 in the May 1, 2000 prospectus is
replaced with the following section on Wellington:
Wellington Capital Management Company, LLP ("Wellington") serves as one
of the subadvisers for the Core Equity Fund. Its principal offices are
at 75 State Street, Boston, MA 02109. Wellington serves as investment
adviser to a variety of individual and institutional investors,
including mutual funds. As of December 31, 1999, Wellington managed
more than $235 billion of assets. The following individuals are
responsible for the day-to-day management of the portion of the Fund
managed by Wellington:
Doris Dwyer Chu is a Vice President and Portfolio Manager for
Wellington. She joined Wellington in 1998. From 1985 through 1998, she
worked at Gratham, Mayo, Van Otterloo & Co., most recently as Partner
and Global Quantitative Portfolio Manager. She has had responsibility
for the Core Equity Fund since 2000.
Laurie A. Gabriel, CFA, is a Senior Vice President and managing partner
of Wellington. She has been with Wellington since 1976 and she has had
responsibility for the Core Equity Fund since 2000.
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American Odyssey Funds, Inc. Statement of Additional Information
Supplement
October 13, 2000
Wellington Management Company, LLP ("Wellington") has replaced Equinox Capital
Management, LLC ("Equinox") as one of the subadvisers for the Core Equity Fund.
Set forth below are the changes to the Statement of Additional Information dated
May 1, 2000 to reflect the change from Equinox to Wellington:
1. The "Control" section on pages 41-42 is revised to include the following:
Wellington Management Company, LLP, one of the subadvisers to the Core
Equity Fund, is a limited liability partnership.
2. The fee chart on page 44 for the Core Equity Fund is revised as follows:
Fund & Subadviser Subadviser's Fee
----------------- ----------------
Core Equity Fund
- Wellington Management Company, LLP 0.45% of assets
- Putnam Investment Management, Inc. 0.45% of assets
- State Street Global Advisors 0.05% for first $50 million
in assets, plus
0.04% for next $50 million in
assets, plus
0.03% for assets over $100 million
(minimum $50,000 on annualized basis)
