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RYDEX SERIES FUNDS
SUPPLEMENT DATED AUGUST 29, 2000
TO THE RYDEX SERIES FUNDS STATEMENTS OF ADDITIONAL INFORMATION
DATED AUGUST 1, 2000
This supplement provides new and additional information beyond that contained
in the Rydex Series Funds Statement of Additional Information (the "SAI") and
Statement of Additional Information - International Funds (the "International
Funds SAI") and should be read in conjunction with the SAIs.
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THE FOLLOWING PARAGRAPH WILL REPLACE THE THIRD PARAGRAPH ON PAGE 23 OF THE
RYDEX SERIES FUNDS SAI AND WILL REPLACE THE THIRD FULL PARAGRAPH ON PAGE 17
OF THE RYDEX SERIES FUNDS INTERNATIONAL FUNDS SAI:
In managing the investment portfolios of the Funds, the Advisor effects
transactions with those brokers and dealers who the Advisor believes provide
the most favorable prices and are capable of providing efficient executions.
If the Advisor believes such prices and executions are obtainable from more
than one broker or dealer, the Advisor may give consideration to placing
portfolio transactions with those brokers and dealers who also furnish
research and other services to a Fund or the Advisor. In addition, Section
28(e) of the Securities Exchange Act of 1934 permits the Advisor to cause a
Fund to pay commission rates in excess of those another dealer or broker
would have charged for effecting the same transaction, if the Advisor
determines, in good faith, that the commission paid is reasonable in relation
to the value of brokerage and research services provided.
THE FOLLOWING PARAGRAPH WILL REPLACE THE FIRST PARAGRAPH ON PAGE 33 OF THE RYDEX
SERIES FUNDS SAI:
DISTRIBUTION
Pursuant to the Distribution Agreement adopted by the Trust, Rydex
Distributors, Inc. (the "Distributor"), 6116 Executive Boulevard, Suite 400,
Rockville, Maryland 20852, acts as distributor for the shares of the Trust
under the general supervision and control of the Trustees and the officers of
the Trust.
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PLEASE RETAIN THIS SUPPLEMENT
FOR FUTURE REFERENCE
