PLEASE FILE THIS PROSPECTUS SUPPLEMENT WITH YOUR RECORDS.
RAINIER INVESTMENT MANAGEMENT MUTUAL FUNDS
Growth Equity Portfolio
Supplement Dated October 5, 2000 to
Prospectus Dated June 5, 2000
Effective October 6, 2000, Firstar Mutual Fund Services, LLC, 615 E. Michigan
Street, 3rd Floor, Milwaukee, WI 53202 will serve as the Fund's Transfer Agent.
Toll free number 1-800-248-6314 .
THE FOLLOWING SUPPLEMENTS THE SECTION "PURCHASING & SELLING SHARES" STARTING ON
PAGE 7 OF THE PROSPECTUS.
The minimum initial investment in the Portfolio is $25,000.
All purchases, correspondence and redemption requests should be sent to:
Rainier Investment Management Mutual Funds
P.O. Box 701
Milwaukee, WI 53201-0701
Overnight courier deliveries should be sent to:
Rainier Investment Management Mutual Funds
615 E. Michigan St., 3rd Floor
Milwaukee, WI 53202
WIRE INSTRUCTIONS:
Firstar Bank Milwaukee N.A.
ABA No. 075000022
For credit to Firstar Mutual Fund Services, LLC
Account No. 112-952-137
For further credit to RAINIER INVESTMENT MANAGEMENT
GROWTH EQUITY PORTFOLIO Account of [your account
number and account name]
THE FOLLOWING SECTION IS INSERTED AFTER THE "PURCHASING WITH SECURITIES"
STARTING ON PAGE 8 OF THE PROSPECTUS.
PURCHASES THROUGH AN INVESTMENT BROKER OR DEALER
Shares of the Portfolio are available through certain brokers (and
their agents) that have made arrangements with the Fund to sell
shares. When placing an order with such a broker or its authorized
agent, the order is treated as if it had been placed directly with the
Fund's Transfer Agent, and you will pay or receive the next price
calculated by the Portfolio. The broker (or agent) may hold your
shares in an omnibus account in the broker's (or agent's) name, and
the broker (or agent) maintains your individual ownership records. The
Portfolio may pay the broker (or agent) for maintaining these records
and providing other shareholder services. The broker (or agent) may
charge a fee for handling the order. The broker (or agent) is
responsible for processing your order correctly and promptly, advising
you of the status of your individual account, confirming your
transactions and ensuring that you receive copies of the Fund's
prospectus.
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PLEASE FILE THIS STATEMENT OF ADDITIONAL INFORMATION
SUPPLEMENT WITH YOUR RECORDS.
RAINIER INVESTMENT MANAGEMENT MUTUAL FUNDS
Growth Equity Portfolio
Supplement Dated October 5, 2000 to
Statement of Additional Information Dated June 5, 2000
Effective October 6, 2000, Firstar Mutual Fund Services, LLC, 615 E. Michigan
Street, 3rd Floor, Milwaukee, WI 53202 will serve as the Fund's Transfer Agent.
The Statement of Additional Information ("SAI") is revised as follows:
The second sentence of the third paragraph under the "How to Buy Shares" section
on page B-14 of the SAI is deleted and replaced with the following:
Therefore, a deposit in the mail or with such services of purchase
applications does not constitute receipt by Firstar Mutual Fund
Services, LLC or the Trust.
The second sentence of the fifth paragraph under the "GENERAL INFORMATION"
section on page B-19 of the SAI is deleted and replaced with the following:
Firstar Mutual Fund Services, LLC acts as the Portfolio's transfer
agent.
