As filed with the Securities and Exchange Commission on February 22, 2000
Securities Act File No. 33-68666
Investment Company Act File No. 811-8004
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 X
Pre-Effective Amendment No.
Post-Effective Amendment No. 20 X
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REGISTRATION STATEMENT UNDER THE
INVESTMENT COMPANY ACT OF 1940
Amendment No. 21 X
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ALLEGHANY FUNDS
(Exact Name of Registrant as Specified in Charter)
171 North Clark Street,
Chicago, Illinois 60610
(Address of Principal Executive Offices)
Registrant's Telephone Number, including Area Code: (312) 223-2139
Name and Address of Agent for Service: Copies to:
Kenneth C. Anderson, President Arthur Simon, Esq.
Alleghany Funds Sonnenschein Nath & Rosenthal
171 North Clark Street 8000 Sears Tower
Chicago, Illinois 60610 Chicago, Illinois 60606-6404
It is proposed that this filing will become effective:
X immediately upon filing pursuant to paragraph (b); or
on ________ pursuant to paragraph (b);or
60 days after filing pursuant to paragraph (a)(1); or
on ________ pursuant to paragraph (a)(1);or 75 days after
filing pursuant to paragraph (a)(2); or
on ________ pursuant to paragraph (a)(2) of Rule 485
<PAGE>
PART A: PROSPECTUS
PART B: STATEMENT OF ADDITIONAL INFORMATION
The Prospectus for the Company dated February 15, 2000, the Prospectus for
Montag & Caldwell Growth Fund, Alleghany/Chicago Trust Growth & Income Fund,
Alleghany/Blairlogie International Developed Fund, Alleghany/Blairlogie Emerging
Markets Fund, Montag & Caldwell Balanced Fund and Alleghany/Chicago Trust Bond
Fund - Class I Shares, dated February 15, 2000 (each a "Prospectus") and the
Statement of Additional Information for the Company dated February 15, 2000 are
each incorporated by reference to Post-Effective Amendment No. 19 as filed via
EDGAR on February 15, 2000.
<PAGE>
PART C: OTHER INFORMATION
Item 23. Exhibits.
(a) Trust Instrument dated September 10, 1993 is incorporated by
reference to Exhibit ___ of Post-Effective Amendment No. 8 to the
Registration Statement as filed via EDGAR on April 16, 1996.
(b) By-Laws are incorporated by reference to Exhibit No. 2 of
Post-Effective Amendment No. 7 to the Registration Statement filed
via EDGAR on February 22, 1996.
(c) Not Applicable.
(d) Investment Advisory Agreements for CT&T Growth & Income Fund,
CT&T Intermediate Fixed Income Fund, CT&T Intermediate Municipal
Bond Fund and CT&T Money Market Fund with Chicago Title and Trust
Company, each dated November 30, 1993 are incorporated by
reference to Exhibit No. 5(a) of Post-Effective Amendment No. 7 to
the Registration Statement as filed via EDGAR on February 22,
1996.
Investment Advisory Agreements for CT&T Talon Fund with Chicago
Title and Trust Company, and Montag & Caldwell Growth Fund and
Montag & Caldwell Balanced Fund with Montag & Caldwell, Inc., each
dated August 27, 1994 are incorporated by reference to Exhibit No.
5(a) of Post-Effective Amendment No. 7 to the Registration
Statement as filed via EDGAR on February 22, 1996.
Investment Advisory Agreement for CT&T Balanced Fund (formerly
known as "CT&T Asset Allocation Fund") with Chicago Title and
Trust Company, dated March 15, 1995 is incorporated by reference
to Exhibit No. 5(a) of Post-Effective Amendment No. 7 to the
Registration Statement as filed via EDGAR on February 22, 1996.
Amendments to Investment Advisory Agreements for each Series, each
dated December 21, 1995, reflecting name changes of Series and
Advisor are incorporated by reference to Exhibit No. 5(a) of
Post-Effective Amendment No. 7 to the Registration Statement as
filed via EDGAR on February 22, 1996.
Amendments to Investment Advisory Agreements for Montag & Caldwell
Growth Fund and Montag & Caldwell Balanced Fund, each dated
December 21, 1995 are incorporated by reference to Exhibit No.
5(a) of Post-Effective Amendment No. 8 to the Registration
Statement as filed via EDGAR on April 16, 1996.
Investment Advisory Agreement for Alleghany/Chicago Trust Small
Cap Value Fund with Chicago Title and Trust Company dated
September 17, 1998 is incorporated by reference to Exhibit (d) of
Post-Effective Amendment No. 15 to the Registration Statement as
filed via EDGAR on March 1, 1999.
Investment Advisory Agreement for Alleghany/Veredus Aggressive
Growth Fund with Veredus Asset Management LLC, dated September 17,
1998 is incorporated by reference to Exhibit (d) of Post-Effective
Amendment No. 15 to the Registration Statement as filed via EDGAR
on March 1, 1999.
Investment Advisory Agreement for Alleghany/Blairlogie Emerging
Markets Fund with Blairlogie Capital Management, dated September
17, 1998 is incorporated by reference to Exhibit (d) of
Post-Effective Amendment No. 15 to the Registration Statement as
filed via EDGAR on March 1, 1999.
Investment Advisory Agreement for Alleghany/Blairlogie
International Developed Fund with Blairlogie Capital Management,
dated September 17, 1998 is incorporated by reference to Exhibit
(d) of Post-Effective Amendment No. 15 to the Registration
Statement as filed via EDGAR on March 1, 1999.
Amended and Restated Sub-Investment Advisory Agreement for CT&T Talon Fund with
Talon Asset Management, Inc., dated December 21, 1995 is incorporated by
reference to Exhibit No. 5(b) of Post-Effective Amendment No. 9 to the
Registration Statement as filed via EDGAR on February 27, 1997.
Investment Advisory Assignment dated October 30, 1995, between and
among Chicago Title and Trust Company, The Chicago Trust Company
and CT&T Funds is incorporated by reference to Exhibit No. 5(d) of
Post-Effective Amendment No. 7 to the Registration Statement as
filed via EDGAR on February 22, 1996.
(e) Distribution Agreement between Alleghany Funds and Provident
Distributors, Inc., dated September 16, 1999 is incorporated by
reference to Exhibit (e) of Post-Effective Amendment No. 19 to the
Registration Statement as filed via EDGAR on February 15, 2000.
(f) Not Applicable.
(g) Custodian Agreement between Bankers Trust Company and CT&T
Funds, dated June 1, 1997 is incorporated by reference to Exhibit
No. 8(a) of Post-Effective Amendment No. 10 to the Registration
Statement as filed via EDGAR on February 27, 1998.
Form of Amendment to Custodian Agreement between Alleghany Funds
and Bankers Trust Company, dated September 17, 1998 is
incorporated by reference to Exhibit (g) of Post-Effective
Amendment No. 14 to the Registration Statement as filed via EDGAR
on December 31, 1998.
(h) Transfer Agency and Services Agreement between CT&T Funds and
First Data Investor Services Group, Inc., dated June 1, 1997 is
incorporated by reference to Exhibit No. 9(a) of Post-Effective
Amendment No. 10 to the Registration Statement as filed via EDGAR
on February 27, 1998.
Amendment to Transfer Agency and Services Agreement between
Alleghany Funds and First Data Investor Services Group, Inc.,
dated September 17, 1998 is incorporated by reference to Exhibit
(h) of Post-Effective Amendment No. 15 to the Registration
Statement as filed via EDGAR on March 1, 1999.
Administration Agreement between Alleghany Funds and Alleghany
Investment Services Inc., dated June 17, 1999, is incorporated by
reference to Exhibit (h) of Post-Effective Amendment No. 17 to the
Registration Statement as filed via EDGAR on June 28, 1999.
Sub-Administration Agreement between First Data Investor Services Group, Inc.
and The Chicago Trust Company, dated June 1, 1997 is incorporated by reference
to Exhibit No. 9(c) of Post-Effective Amendment No. 10 to the Registration
Statement as filed via EDGAR on February 27, 1998.
Amendment to Sub-Administration Agreement between Alleghany Funds
and First Data Investor Services Group, Inc., dated September 17,
1998 is incorporated by reference to Exhibit (h) of Post-Effective
Amendment No. 15 to the Registration Statement as filed via EDGAR
on March 1, 1999.
Amendment to Sub-Administration Agreement between Alleghany Funds
and First Data Investor Services Group, Inc., dated September 16,
1999 is incorporated by reference to Exhibit (h) of Post-Effective
Amendment No. 19 to the Registration Statement as filed via EDGAR
on February 15, 2000.
.
Amended and Restated Guaranty Agreement dated December 23, 1996,
between Chicago Title and Trust Company and CT&T Funds is
incorporated by reference to Exhibit (c) of Post-Effective
Amendment No. 10 to the Registration Statement as filed via EDGAR
on February 27, 1998.
Master Services Agreement dated October 30, 1995, between Chicago
Title and Trust Company and certain of its subsidiaries is
incorporated by reference to Exhibit (e) of Post-Effective
Amendment No. 7 to the Registration Statement as filed via EDGAR
on February 22, 1996.
(i) Not Applicable.
(j) Consent of Auditor is filed herewith.
(k) Not Applicable.
(l) Not Applicable.
(m) Amended and Restated Distribution and Services Plan pursuant
to Rule 12b-1 dated June 1, 1997 as amended on September 17, 1998
is incorporated by reference to Exhibit (m) of Post-Effective
Amendment No. 15 to the Registration Statement as filed via EDGAR
on March 1, 1999.
(n) Not applicable.
(o) Amended Multiple Class Plan pursuant to Rule 18f-3, dated
March 18, 1999, is incorporated by reference to Exhibit (m) of
Post-Effective Amendment No. 16 to the Registration Statement as
filed via EDGAR on April 30, 1999.
Amended Multiple Class Plan pursuant to Rule 18f-3, dated June 17,
1999, is incorporated by reference to Exhibit (o) of
Post-Effective Amendment No. 17 to the Registration Statement as
filed via EDGAR on June 28, 1999.
Schedule A of Amended Multiple Class Plan pursuant to Rule 18f-3,
dated June 17, 1999, as amended December 16, 1999, is incorporated
by reference to Exhibit (o) of Post-Effective Amendment No. 19 to
the Registration Statement as filed via EDGAR on February 15,
2000.
.
Item 24. Persons Controlled by or Under Common Control with Registrant.
None.
Item 25. Indemnification.
Section 10.2 of the Registrant's Trust Instrument provides as
follows:
10.2 Indemnification. The Trust shall indemnify each of its
Trustees against all liabilities and expenses (including amounts
paid in satisfaction of judgments, in compromise, as fines and
penalties, and as counsel fees) reasonably incurred by him in
connection with the defense or disposition of any action, suit or
other proceeding, whether civil or criminal, in which he may be
involved or with which he may be threatened, while as a Trustee or
thereafter, by reason of his being or having been such a Trustee
except with respect to any matter as to which he shall have been
adjudicated to have acted in bad faith, willful misfeasance, gross
negligence or reckless disregard of his duties, provided that as
to any matter disposed of by a compromise payment by such person,
pursuant to a consent decree or otherwise, no indemnification
either for said payment or for any other expenses shall be
provided unless the Trust shall have received a written opinion
from independent legal counsel approved by the Trustees to the
effect that if either the matter of willful misfeasance, gross
negligence or reckless disregard of duty, or the matter of bad
faith had been adjudicated, it would in the opinion of such
counsel have been adjudicated in favor of such person. The rights
accruing to any person under these provisions shall not exclude
any other right to which he may be lawfully entitled, provided
that no person may satisfy any right of indemnity or reimbursement
hereunder except out of the property of the Trust. The Trustees
may make advance payments in connection with the indemnification
under this Section 10.2, provided that the indemnified person
shall have given a written undertaking to reimburse the Trust in
the event it is subsequently determined that he is not entitled to
such indemnification.
The Trust shall indemnify officers, and shall have the power to
indemnify representatives and employees of the Trust, to the same
extent that Trustees are entitled to indemnification pursuant to
this Section 10.2.
Insofar as indemnification for liability arising under the 1933
Act may be permitted to trustees, officers and controlling persons
of Registrant pursuant to the foregoing provisions, or otherwise,
Registrant has been advised that in the opinion of the SEC such
indemnification is against public policy as expressed in that Act
and is, therefore, enforceable. In the event that a claim for
indemnification against such liabilities (other than the payment
by Registrant of expenses incurred or paid by a trustee, officer
or controlling person of Registrant in the successful defense of
any action, suit or proceeding) is asserted by such trustee,
officer or controlling person in connection with the securities
being registered, Registrant will, unless in the opinion of its
counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed
in that Act and will be governed by the final adjudication of such
issue.
Section 10.3 of the Registrant's Trust Instrument, also provides
for the indemnification of shareholders of the Registrant. Section
10.3 states as follows:
10.3 Shareholders. In case any Shareholder or former Shareholder
of any Series shall be held to be personally liable solely by
reason of his being or having been a shareholder of such Series
and not because of his acts or omissions or for some other reason,
the Shareholder or former Shareholder (or his heirs, executors,
administrators or other legal representatives or, in the case of a
corporation or other entity, its corporate or other general
successor) shall be entitled out of the assets belonging to the
applicable Series to be held harmless from and indemnified against
all loss and expense arising from such liability. The Trust, on
behalf of the affected Series, shall, upon request by the
Shareholder, assume the defense of any claim made against the
Shareholder for any act or obligation of the Trust and satisfy any
judgment thereon from the assets of the Series.
In addition, the Registrant currently has a trustees' and
officers' liability policy covering certain types of errors and
omissions.
Item 26. Business and Other Connections of Advisers and Sub-Adviser.
The Chicago Trust Company conducts a general financial services
business in four areas. The institutional investment management
group manages equity and fixed income institutional assets in
excess of $6.0 billion, primarily in employee benefit plans,
foundation accounts and insurance company accounts. The employee
benefits services group offers profit sharing plans, matching
savings plans, money purchase pensions and consulting services,
and has become one of the leading providers of 401 (k) salary
deferral plans to mid-sized companies. The personal trust and
investment services group provides investment management and trust
and estate planning primarily for accounts in the $500,000 to $10
million range. The real estate trust services group provides the
means whereby real estate can be conveyed to a trustee while
reserving to the beneficiaries the full management and control of
the property. This group also facilitates tax-deferred exchanges
of income-producing real property.
Montag & Caldwell, Inc.'s ("Montag & Caldwell") sole business is
managing assets primarily for employee benefit, endowment,
charitable, and other institutional clients, as well as high net
worth individuals.
At Talon Asset Management ("Talon"), Mr. Terry Diamond is Chairman
and a Director, Mr. Alan R. Wilson is President and a Director,
and Barbara Rumminger, Secretary, are, respectively, Chairman and
a Director, President and a Director, and Secretary of Talon
Securities, Inc., One North Franklin Street, Chicago, Illinois, a
registered broker dealer. Mr. Diamond is also a director of Amli
Realty Company, 125 South Wacker Drive, Chicago Illinois, a
private real estate investment company.
Alleghany Asset Management holds a 40% minority interest in
Veredus Asset Management LLC ("Veredus"), with certain options
over the next [eight] years to acquire up to a 70% interest.
Blairlogie Capital Management ("Blairlogie") is an indirect,
wholly-owned subsidiary of Alleghany Corporation.
The directors and officers of the Trust's Investment Advisers and
Sub-Investment Adviser are set forth below. To the knowledge of
the Registrant, unless so noted, none of these individuals is or
has been at any time during the past two fiscal years engaged in
any other business, profession, vocation or employment of a
substantial nature.
THE CHICAGO TRUST COMPANY
NAME TITLE/ OTHER BUSINESS
POSITION
Stuart D. Bilton Director
President, Alleghany
Asset Management,
Inc.; President and
Chief Executive
Officer, The Chicago
Trust Co.; Director,
Veredus Asset
Management LLC.;
Director, Montag &
Caldwell, Inc.
Edward S. Bottum Director
Managing Director,
Chase Franklin Corp.;
Director, Alleghany
Asset Management,
Inc.; Corporate
Director, Kellwood
Corp.; Chairman,
Learning Insights
L.L.C.; Trustee,
Pacific Innovations
Funds; Director,
PetMed Express.com,
Inc.; Trustee,
Underwriters
Laboratories, Inc.;
Senior Advisor,
American International
Group.
Ronald E. Canakaris Director Director, Alleghany
Asset Management,
Inc.; Director,
Montag & Caldwell,
Inc.
David B. Cuming Director Senior Vice President
and Chief Financial
Officer, Alleghany
Corp.; Director,
Alleghany Asset
Management, Inc.
Inc.; Director, Montag
& Caldwell, Inc.
Robert M. Hart Director
Senior Vice President,
General Counsel and
Secretary, Alleghany
Corp.; Director,
Alleghany Properties,
Inc.; Director,
Sacramento Properties
Holdings, Inc.;
Director, Alleghany
Asset Management,
Inc.; Director, Venton
Underwriting Agencies
Ltd.
Jefferson W. Kirby Director Vice President,
Alleghany Corp.;
Director, Alleghany
Asset Management,
Inc.; Director,
Connecticut Surety
Corp.; Director,
Covenant Insurance
Group; Director,
Eldorado Bancshares,
Inc.; Director,
Sentius Corp.;
Board Member, The F.M.
Kirby Foundation,
Inc.; Board Memner,
Lafayette College;
Board Member, The
National Football
Foundation; Board
Member, The Peck
School; Director,
Veredus Asset
Management LLC.
Solon P. Patterson Director
Director, Alleghany
Asset Management,
Inc.; Director and
Chairman, Montag and
Caldwell, Inc.;
Director, The Georgia
Chamber of Commerce;
Board Member of
Governors of the
Investment Counsel
Association of
America.
Robert E. Riley Director President and Chief
Executive Officer,
Joseph P. Kennedy
Enterprises, Inc.;
Director, John F.
Kennedy Library
Foundation; Director,
Alleghany Asset
Management, Inc.;
Associate Trustee,
Holy Cross College;
Overseer, Beth Israel
Deaconess Medical
Center; Overseer,
Tufts Medical School.
Richard P. Toft Director Director and Chairman,
Chicago Title Corp.;
Director, Chairman
and Chief Executive
Officer, Alleghany
Asset Management, Inc.;
Director, Peoples
Energy Corp.
The Chicago Trust Company Elected Officers
Hubert A. Adams Senior Vice President
Kenneth C. Anderson Senior Vice President
Mark D. Berman Vice President
Stuart D. Bilton Director / President
& Chief Executive Officer
Mary Cunningham-Watson Vice President
Gerald F. Dillenburg Vice President
Richard S. Drake Vice President
Jonathan J. Dunlap Vice President
Frederick W. Engimann Senior Vice President
Patricia A. Falkowski Senior Vice President
Joan M. Giardina Senior Vice President
Kathleen M. Jackson Senior Vice President
Daniel R. Joyce Vice President
Michael J. Lambert Vice President
David E. Llewellyn Vice President
Thomas J. Marthaler Vice President
Roger A. Meier Vice President
Mark A. Metz Senior Vice President
Bernard F. Myszkowski Senior Vice President
Seymour A. Newman Senior Vice President,
Treasurer and Chief
Financial Officer
David L. Nyberg Secretary, Assistant
Trust Counsel
William J. Pappas Vice President
Lois A. Pasquale Vice President
B. Wyckliffe Pattishall, Jr. Executive Vice President
& Chief Operating
Officer
Jeanne D. Reder Vice President
Alan B. Shidler Senior Vice President
Carla V. Straeten Senior Vice President
Robert F. Stuark Vice President
George W. Vander Vennett Senior Vice President
Barbara E. Weber Vice President &
Director of Human
Resources
Naomi B. Weitzel Vice President
Angela L. Williams Vice President
Terry L. Zirkle Senior Vice President
MONTAG & CALDWELL, INC.
Montag & Caldwell is a registered investment adviser providing
investment management services to the Registrant.
The information required by this Item 26 with respect to any
other business, profession, vocation or employment of a
substantial nature engaged in by directors and officers of the
Montag & Caldwell during the past two years is incorporated by
reference to Form ADV filed by Montag & Caldwell pursuant to
the Investment Advisers Act of 1940 (SEC File No. 801-15398).
Jane M. Angolia Assistant Vice President
Sandra M. Barker Vice President
Stuart D. Bilton Director
Janet B. Bunch Vice President
Debra Bunde Comsudes Vice President
Ronald E. Canakaris President, Chief
Executive Officer,
Chief Investment
Officer and Director
Elizabeth C. Chester Senior Vice President
and Secretary
David B. Cuming Director
Jane R. Davenport Vice President
James L. Deming Vice President
Helen M. Donahue Assistant Vice President
Marcia C. Dubs Assistant Vice President
Brion D. Friedman Vice President
Charles Jefferson Hagood Vice President
Richard W. Haining Vice President
Mark C. Hayes Assistant Vice President
Lana M. Jordan Vice President
Rebecca M. Keister Vice President
Charles E. Markwalter Vice President
Grover C. Maxwell, III Vice President
Michael A. Nadal Vice President
Solon P. Patterson Chairman of the Board
Carla T. Phillips Assistant Vice President
David F. Seng Director
Brian W. Stahl Vice President and
Treasurer
M. Scott Thompson Vice President
Debbie J. Thomas Assistant Vice President
David L. Watson Vice President
William A. Vogel Senior Vice President
Homer W. Whitman, Jr. Senior Vice President
John S. Whitney, III Vice President
VEREDUS ASSET MANAGEMENT LLC
Veredus is a registered investment adviser providing
investment management services to the Registrant.
The information required by this Item 26 with respect to any
other business, profession, vocation or employment of a
substantial nature engaged in by directors and officers of the
Veredus during the past two years is incorporated by reference
to Form ADV filed by Veredus pursuant to the Investment
Advisers Act of 1940 (SEC File No. 801-55565).
Stuart D. Bilton Director
James R. Jenkins Director, Vice President
and Chief Operating
Officer
Jefferson W. Kirby Director
Charles P. McCurdy, Jr. Director; Executive Vice
President and
Portfolio Manager
Charles F. Mercer, Jr. Vice President and
Director of Research
John S. Poole Vice President of
Business Development
B. Anthony Weber Director, President and
Chief Investment Officer
BLAIRLOGIE CAPITAL MANAGEMENT
Blairlogie is a registered investment adviser providing
investment management services to the Registrant.
The information required by this Item 26 with respect to any
other business, profession, vocation or employment of a
substantial nature engaged in by directors and officers of the
Blairlogie during the past two years is incorporated by
reference to Form ADV filed by Blairlogie pursuant to the
Investment Advisers Act of 1940 (SEC File No. 801-48185).
Gavin Dobson Chief Executive Officer
James Smith Chief Investment Officer
TALON ASSET MANAGEMENT, INC.
Talon is a registered investment adviser providing investment
management services to the Registrant.
The information required by this Item 26 with respect to any
other business, profession, vocation or employment of a
substantial nature engaged in by directors and officers of the
Talon during the past two years is incorporated by reference
to Form ADV filed by Talon pursuant to the Investment Advisers
Act of 1940 (SEC File No. 801-2175).
Terry D. Diamond Chairman and Director
Sophia A. Erskine Corporate Secretary
Bernard H. Kailin Vice President
Barbara L. Rumminger Secretary
Alan R. Wilson President and Director
Item 27. Principal Underwriters.
(a) Provident Distributors, Inc. (the "Distributor") acts as
distributor for Alleghany Funds pursuant to a distribution
agreement dated December 1, 1999. The Distributor act as
principal underwriter for the following investment companies
as of 12/1/99: International Dollar Reserve Fund I, Ltd.,
Provident Institutional Funds Trust, Pacific Innovations
Trust, Columbia Common Stock Fund, Inc., Columbia Growth Fund,
Inc., Columbia International Stock Fund, Inc., Columbia
Special Fund, Inc., Columbia Small Cap Fund, Inc., Columbia
Real Estate Equity Fund, Inc., Columbia Balanced Fund, Inc.,
Columbia Daily Income Company, Columbia U.S. Government
Securities Fund, Inc., Columbia Fixed Income Securities Fund,
Inc., Columbia Municipal Bond Fund, Inc., Columbia High Yield
Fund, Inc., Columbia National Municipal Bond Fund, Inc., GAMNA
Series Funds, Inc., WT Investment Trust, Kalmar Pooled
Investment Trust, The RBB Fund, Inc., Robertson Stephens
Investment Trust, HT Insight Funds, Inc., Harris Insight Funds
Trust, Hilliard-Lyons Government Fund, Inc., Hilliard-Lyons
Growth Fund, Inc., Hilliard-Lyons Research Trust, Senbanc
Fund, ABN AMRO Funds, BT Insurance Funds Trust, Alleghany
Funds, First Choice Funds Trust, LKCM Funds, The Galaxy Fund,
The Galaxy VIP Fund, Galaxy Fund II, IBJ Funds Trust, Panorama
Trust, Undiscovered Managers Fund, New Covenant Funds, Forward
Funds, Inc., Northern Institutional Funds, Light Index Funds,
Inc. Weiss Peck & Greer Funds Trust, Weiss Peck & Greer
International Fund, WPG Growth Fund, WPG Growth & Income Fund,
WPG Tudor Fund, RWB/WPG U..S. Large Stock Fund, Tomorrow Funds
Retirement Trust, The Govett Funds, Inc., IAA Trust Growth
Fund, Inc., IAA Trust Asset Allocation Fund, Inc., IAA Trust
Tax Exempt Bond Fund, Inc., IAA Trust Taxable Fixed Income
Series Fund, Inc., Matthews International Funds, MCM Funds,
Metropolitan West Funds, Smith Breeden Series Fund, Smith
Breeden Trust, Stratton Growth Fund, Inc., Stratton Monthly
Dividend REIT Shares, Inc., The Stratton Funds, Inc., Trainer,
Wortham First Mutual Funds and The BlackRock Funds, Inc.
(Distributed by BlackRock Distributors, Inc. a wholly owned
subsidiary of Provident Distributors, Inc.), Northern Funds
Trust (Distributed by Northern Funds Distributors, LLC. a
wholly owned subsidiary of Provident Distributors, Inc.) and
The Offit Variable Insurance Fund, Inc. (Distributed by Offit
Funds Distributor, Inc. a wholly owned subsidiary of Provident
Distributors, Inc. Provident Distributors, Inc. is registered
with the Securities and Exchange Commission as a broker-dealer
and is a member of the National Association of Securities
Dealers. Provident Distributors, Inc. is located at Four Falls
Corporate Center, Suite 600, West Conshohocken, Pennsylvania
19428-2961.
(b) The information required by this Item 27(b) with respect to
each director, officer or partner of Provident Distributors,
Inc. ("PDI") is incorporated by reference to Schedule A of
Form BD filed by PDI with the SEC pursuant to the Securities
Act of 1934 (File No. 8-46564). No director, officer, or
partner of PDI holds a position or office with the Registrant.
(c) Not Applicable.
Item 28. Location of Accounts and Records.
All records described in Section 31(a) of the 1940 Act and the
Rules 17 CFR 270.31a-1 to 31a-31 promulgated thereunder, are
maintained by the Fund's Investment Advisers as listed below,
except for those maintained by each Fund's Custodian, Bankers
Trust Company, 16 Wall Street, New York, New York 10005 and
Investors Fiduciary Trust Company, 801 Pennsylvania, Kansas City,
MO 64105, and the Fund's Sub-Administrator, Transfer, Redemption,
Dividend Disbursing and Accounting Agent, PFPC Inc., 101 Federal
Street, Boston, MA 02110.
The Chicago Trust Company
171 North Clark Street
Chicago, IL 60601
Montag & Caldwell, Inc.
3343 Peachtree Road, N.E.
Atlanta, GA 30326
Veredus Asset Management LLC
6900 Bowling Blvd., Suite 250
Louisville, KY 40207
Blairlogie Capital Management
4th Floor, 125 Princes Street
Edinburgh EH2 4AD, Scotland
Talon Asset Management, Inc.
One North Franklin
Chicago, IL 60606
Item 29. Management Services.
Not Applicable.
Item 30. Undertakings.
Not Applicable.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the Investment
Company Act of 1940, as amended, the Registrant certifies that it has duly
caused this Post-Effective Amendment to the Registration Statement to be signed
on its behalf by the undersigned, thereunto duly authorized, in the city of
Chicago, the State of Illinois on the 22nd day of February, 2000.
ALLEGHANY FUNDS
By: KENNETH C. ANDERSON
Kenneth C. Anderson, President
Pursuant to the requirements of the Securities Act of 1933, this Registration
Statement of Alleghany Funds has been signed below by the following person in
his or her capacity on the 22nd day of February, 2000.
Signature Capacity
/s/ STUART D. BILTON Chairman, Board of Trustees 2/22/00
Stuart D. Bilton
/s/ NATHAN SHAPIRO Trustee 2/22/00
Nathan Shapiro
/s/ GREGORY T. MUTZ Trustee 2/22/00
Gregory T. Mutz
/s/ LEONARD F. AMARI Trustee 2/22/00
Leonard F. Amari
/s/ DOROTHEA C. GILLIAM Trustee 2/22/00
Dorothea C. Gilliam
/s/ ROBERT A. KUSHNER Trustee 2/22/00
Robert A. Kushner
/s/ ROBERT B. SCHERER Trustee 2/22/00
Robert B. Scherer
/s/ DENIS SPRINGER Trustee 2/22/00
Denis Springer
/s/ KENNETH C. ANDERSON President 2/22/00
Kenneth C. Anderson (Principal Executive Officer)
/s/ GERALD F. DILLENBURG Secretary, Treasurer and Vice 2/22/00
Gerald F. Dillenburg President (Principal Accounting
& Financial Officer)
<PAGE>
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
(j) Consent of Auditor
Exhibit (j)
CONSENT OF INDEPENDENT AUDITORS
The Board of Trustees and Shareholders
Alleghany Funds
We consent to the use of our reports included in the Statement of Additional
Information which is incorporated by reference into the Prospectuses and to the
reference to our Firm under the headings "Financial Highlights" in each of the
Prospectuses and "Reports to Shareholders" in the Statement of Additional
Information.
/s/ KPMG LLP
Chicago, Illinois
February 15, 2000
