LINDNER INVESTMENTS
SUPPLEMENT, dated April 19, 2000, to Prospectus and Statement of Additional
Information, dated October 15, 1999:
1. The information appearing on page 31 of the Prospectus in the second
paragraph under the caption "Management of the Trust", and the information
appearing on pages 24-25 of the Statement of Additional Information under
"Portfolio Manager" is amended to read as follows:
The Board of Directors of Lindner Asset Management, Inc., adviser to
the Lindner Funds, has appointed individual portfolio co-managers for each
of the Lindner Funds, and these co-managers will replace the Adviser's
previous Investment Committee-style of management. The following investment
professionals were appointed as co-managers for the various Lindner Funds:
Lindner Asset Allocation Fund:
-- Mark T. Finn and Jeffrey D. Fotta, CFA, co-Managers of the Equity
portion;
-- Gerald H. Barnes, CFA, Manager of the Fixed-Income portion.
Lindner Utility Fund:
-- Gerald H. Barnes, Mark T. Finn and Thomas F. Lynch, Co-Managers.
Lindner Large Cap Fund:
-- Mark T. Finn and Jeffrey D. Fotta, co-Managers.
Lindner Small Cap Fund:
-- Mark T. Finn and Jonathan F. Finn, CFA, co-Managers.
Lindner Opportunities Fund:
-- Mark T. Finn and Jonathan F. Finn, co-Managers.
Lindner Market Neutral Fund:
-- Jeffrey D. Fotta and Thomas F. Lynch, co-Managers.
Mark T. Finn, Vice Chairman and Chief Operating Officer of Lindner
Asset Management, has also been appointed as Chief Investment Officer of the
Adviser, and he will continue in a supervisory capacity over all of the
newly appointed Lindner Fund portfolio managers. Mr. Finn will serve as co-
Manager for most of the Lindner Funds, with the exception of the Lindner
Government Money Market Fund and the Lindner Market Neutral Fund. Mr. Finn
has been Vice Chairman and Chief Operating Officer of the Adviser since
March 1999. Mr. Finn received an MBA degree from the College of William and
Mary in 1987. Mr. Finn has also served as the Chairman of Vantage
Consulting Group, Inc., an investment counseling firm and a registered
investment adviser for more than five years and is Trustee of CitiFunds, a
family of mutual funds sponsored by Citibank, NA.
Gerald H. Barnes graduated from the University of Virginia in 1969
with a BS in Commerce and began his investment career in 1971 as a research
analyst in the Trust Division of Virginia National Bank. In this capacity,
he had responsibility for the electric utilities and telecommunications
industries. Mr. Barnes remained with the Bank until 1984 and attained the
position of Senior Vice President and manager of the Bank's Employee Benefit
Equity Funds. During most of his tenure with the Bank, Mr. Barnes
maintained analytical responsibility for electric utilities and
telecommunications equities. Mr. Barnes was employed by Delta Financial,
Inc., an investment management firm located in Virginia Beach, Virginia,
from 1984 until 1991, where he held positions in investment research and
portfolio management. Since 1991, he has been employed as President of
Vantage Consulting Group, Inc. In 1995, Mr. Barnes earned an MBA degree
from Old Dominion University. Mr. Barnes earned the Chartered Financial
Analyst designation in 1977.
Jonathan F. Finn, the son of Mark Finn. He graduated from the
University of Virginia in 1995 with a BA in Economics. Since 1995, Jon Finn
has been employed by Vantage Consulting Group, Inc., in various roles of
increasing responsibility ranging from Manager of Information Technology to
Quantitative Research Analyst. In 1999, he earned his Chartered Financial
Analyst designation.
Jeffrey D. Fotta received both an MBA in Finance (1992) and a BA in
Economics and Philosophy (1985) from Boston College. He is a member of the
Boston Security Analysts Society, the Association of Investment Management
and Research, and the International Association of Financial Engineers. Mr.
Fotta also teaches the core finance course at the Carroll Graduate School of
Management at Boston College. Mr. Fotta has over fifteen years of
experience in fundamental analysis of equity securities and is founder and
Managing Partner of Ernst Research and Management, LLC. His work ranges
from pure fundamental equity analysis to being active in the investment
banking and venture capital markets. The focus of Mr. Fotta's work has been
in quantifying and developing the Dual Cash Flow model for use in the
security selection process. His work has led to the identification of price
reaction of individual securities to overall levels of liquidity in both the
micro and macro-economic environments. Mr. Fotta has been employed by the
Adviser since April 1999. Mr. Fotta earned the Chartered Financial Analyst
designation in 1996.
Thomas Lynch received a BS degree in Computer Science and
Mathematics from Boston College in 1986. Mr. Lynch has over twenty years of
experience in macro and micro-economic modeling, and computer programming.
For the past eight years, he has been developing research based on
quantitative analysis, as well as developing several portfolio trading
strategies and products. Mr. Lynch has extensive experience with the
selection and optimization of equity positions for market neutral and long
strategies. Mr. Lynch's previous experience includes managing and trading a
hedge fund portfolio, as well as creating auditing tools used to analyze
growth, profitability, and liquidity.
2. In addition, as previously disclosed in a Supplement dated January
3, 2000, the Board of Trustees of Lindner Investments has approved a change
in the non-fundamental investment policies of the Lindner Opportunities Fund
to permit that Fund to purchase put and call options on individual stocks,
indexed securities and securities indices for hedging purposes only, limited
to not more than 5% of the Fund's total assets.
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