OLD WESTBURY FUNDS, INC.
Old Westbury Core Equities Fund
Old Westbury Growth Opportunity Fund
Old Westbury International Fund
Old Westbury Fixed Income Fund
Old Westbury Municipal Bond Fund
SUPPLEMENT TO PROSPECTUS DATED FEBRUARY 28, 1999
The Trust has changed its address for new applications, investments,
redemptions, exchanges and service requests. The new address is as follows:
Old Westbury Funds
PO Box 180267
Columbus OH 43218-2067
In addition, Harry P. Rekas has resigned as Portfolio Manager of Old
Westbury Growth Opportunity Fund. Please replace his biography on page 19 with
the following:
"Timothy J. Morris, Senior Executive Vice President and Chief Investment
Officer, has been primarily responsible for the day- to- day management of
Growth Opportunity Fund since November 1999. Mr. Morris is also Chief Investment
Officer for the Advisor and Chairman of the Advisor's Investment Strategy
Committee. Prior to joining Bessemer in 1995, Mr. Morris was with The Portfolio
Group, a subsidiary of Chemical Banking Corporation from 1988 to 1995, as
President and Chief Investment Officer. Mr. Morris received a B.A. in Economics
from King's College in 1964 and did post-graduate work in Economics at the
University of Maryland."
Finally, on page 14 the Trust's Transfer Agent has changed from FSSI to
Bysys Fund Services (BFS).
November 11, 1999
Cusip 680414307
680414208
680414109
680414406
680414505
G01972-07 (11/99)
