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FIRST EAGLE SOGEN FUNDS, INC.
FIRST EAGLE SOGEN GLOBAL FUND
FIRST EAGLE SOGEN OVERSEAS FUND
FIRST EAGLE SOGEN GOLD FUND
FIRST EAGLE SOGEN MONEY FUND
1345 AVENUE OF THE AMERICAS
NEW YORK, NEW YORK 10105
(800) 334-2143
SUPPLEMENT DATED OCTOBER 23, 2000
TO PROSPECTUS DATED JUNE 5, 2000.
THE LAST SENTENCE ON P. 19 IN THE PROSPECTUS UNDER 'THE FUND'S FEES AND
EXPENSES' IS AMENDED BY INSERTING THE WORD 'MONEY' BEFORE THE WORD 'FUND' IN THE
SECOND AND FOURTH LINES THEREOF AND DELETING THE REFERENCE TO OCTOBER 31, 2000
AT THE END OF THE TEXT THEREOF AND REPLACING IT WITH DECEMBER 31, 2000 SO THAT
THE RELEVANT PORTION OF THE SENTENCE READS AS FOLLOWS:
*...the Investment Adviser has voluntarily agreed to limit the total expenses of
the Money Fund (excluding interest, taxes, brokerage and extraordinary expenses)
to an annual rate of 0.75% of the Money Fund's average net assets until
December 31, 2000.
THE DISCLOSURE IN THE PROSPECTUS UNDER 'DISTRIBUTION AND SHAREHOLDER SERVICES
EXPENSES' PP. 22 AND 23 IS REPLACED IN ITS ENTIRETY TO READ AS FOLLOWS:
The shares of each of the Funds are offered, in states and countries in which
such offer is lawful, to investors either through selected securities dealers or
directly by ASB, the Funds' principal underwriter. Class A shares of Global Fund
and Overseas Fund and shares of Gold Fund are subject to a sales charge that is
described under 'About Your Investment -- Public Offering Price of Class A'.
Global Fund, Overseas Fund and Gold Fund have adopted Distribution Plans and
Agreements pursuant to Rule 12b-1 under the Investment Company Act of 1940.
Under the Plans, Global Fund, Overseas Fund and Gold Fund pay ASB distribution
related fees at an annual rate of 0.25% of the average daily net asset value
attributable to Class A shares and distribution related fees as well as service
fees at a combined annual rate of 1.00% of the average daily net asset value
attributable to Class C shares. ASB has agreed, subject to its right to
unilaterally require payments monthly, to accept the payments involved (whether
distribution related or service fees) on a quarterly basis other than in certain
exceptional cases. ASB is
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obligated to use the amounts received under the Plans for payments to qualifying
dealers for their assistance in the distribution of a Fund's shares, the
provision of shareholder services and for other expenses such as advertising
costs and the payment for the printing and distribution of prospectuses to
prospective investors. However, ASB will not pay dealers 12b-1, distribution
related and service fees for any quarter in which they have less than $50,000 in
accounts. ASB bears distribution expenses to the extent they are not covered by
payments under the Plans. Any distribution expenses incurred by ASB in any
fiscal year of a Fund that are not reimbursed from payments under the Plans
accrued in such fiscal year will not be carried over for payment under the Plans
in any subsequent year. Class I shares and shares of Money Fund do not
participate in the plans and are not charged with any portion of the payments
made under the Plans. Because the fees are paid from Fund assets on an on-going
basis, over time these fees will increase the cost of an investment in the Funds
and may ultimately cost more than paying other types of sales charges.
THE DISCLOSURE IN THE PROSPECTUS UNDER 'REDEMPTION OF SHARES -- SYSTEMATIC
WITHDRAWAL PLAN' PP. 38 AND 39 IS REPLACED IN ITS ENTIRETY TO READ AS FOLLOWS:
A shareholder who owns shares of a Fund with a current net asset value of
$10,000 or more may use those shares to establish a Systematic Withdrawal Plan
monthly or quarterly. A check in a stated amount of not less than $50 will be
mailed to the shareholder on or about the 3rd day, 15th day, or 25th day of the
month. Dividends and distributions on shares invested under a Systematic
Withdrawal Plan may not be taken in cash but must be reinvested, which will be
done at net asset value. A Fund's shares will be redeemed as necessary to meet
withdrawal payments. Withdrawals in excess of dividends and distributions will
reduce and may deplete the invested principal and may result in a gain or loss
for tax purpose. Purchases of additional shares made concurrently with
withdrawals of shares are undesirable because of sales charges incurred when
purchases are made. Accordingly, a shareholder may not maintain a Systematic
Withdrawal Plan while simultaneously making regular purchases. New accounts
established by check within 15 days of their expected withdrawal date, will
not begin distribution until the following month due to the fifteen-day hold
on check purchases. The Company may amend or cease to offer the Systematic
Withdrawal Plan at any time.
