Supplement to Statement of Additional Information
dated March 1, 1999
Oak Ridge Funds, Inc.
Oak Ridge Small Cap Equity Fund
Oak Ridge Large Cap Equity Fund
Redemption in Kind
The Company has filed a Notification under Rule
18f-1 under the 1940 Act, pursuant to which it has
undertaken to pay in cash all requests for redemption
by any shareholder of record, limited in amount with
respect to each shareholder during any 90-day period to
the lesser amount of (i) $250,000, or (ii) 1% of the
net asset value of the class of shares of the Fund
being redeemed, valued at the beginning of such
election period. The Funds intend to also pay
redemption proceeds in excess of such lesser amount in
cash, but reserve the right to pay such excess amount
in kind, if it is deemed to be in the best interest of
the Fund to do so. In making a redemption in kind, a
Fund reserves the right to select from each securities
holding a number of shares which will reflect the
Fund's portfolio make-up and the value of which will
approximate as closely as possible the value of the
Fund shares being redeemed, or to select from one or
more securities holdings, shares equal in value to the
total value of the Fund shares being redeemed; any
shortfall will be made up in cash. Investors receiving
an in kind distribution are advised that they will
likely incur a brokerage charge on the disposition of
such securities through a securities dealer. The
values of securities distributed in kind will be the
values used for the purpose of calculating the per
share net asset value used in valuing the Fund shares
tendered for redemption.
The date of this Supplement is April 19, 1999. Please
retain this Supplement with the Statement of Additional
Information for future reference.
