IBJ FUNDS TRUST
SUPPLEMENT DATED FEBRUARY 28, 1998
TO PROSPECTUS DATED MARCH 28, 1997
This Supplement is provided to update, and should be read in
conjunction with, the information provided in the Prospectus and Statement of
Additional Information.
Mr. James O'Mealia, Senior Portfolio Manager with IBJ Schroder Bank &
Trust Company is responsible for the day-to-day management of Core Equity Fund.
At a meeting of the Board of Trustees of IBJ Funds Trust on December
18, 1997 the Trustees approved a new Administration Agreement and Transfer
Agency and Services Agreement with First Data Investor Services Group, Inc.
("Investor Services Group") pursuant to which Investor Services Group will
become the successor Administrator, Transfer Agent and Fund Accountant to BISYS
Fund Services, Inc., and certain of its affiliates effective March 1, 1998. In
addition, the Board approved a new Distribution Agreement with First Data
Distributors, Inc. which also will become effective on March 1, 1998. Investor
Services Group and its affiliate are located at 4400 Computer Drive,
Westborough, Massachusetts 01581-5120. For its administrative services, Investor
Services Group is entitled to receive a fee from each Fund computed daily and
payable monthly, at the annual rate of 0.15% of average daily net assets of each
Fund up to $500 million, 0.10% of average daily net assets of each Fund in
excess of $500 million up to $1 billion and 0.075% of average daily net assets
of each Fund in excess of $1 billion. For the fund accounting and transfer agent
services, Investor Services Group receives a fee of $35,000 and $20,000,
respectively, per Fund plus certain out-of-pocket expenses. Investor Services
Group and its affiliate will perform substantially identical services as their
predecessor.
PLEASE NOTE THE FOLLOWING REVISIONS REGARDING
PRICING AND PURCHASE OF FUND SHARES EFFECTIVE
MARCH 1, 1998:
Please call 1-800-994-2533 for wiring instructions. A completed
application must be sent by overnight delivery to the Fund in advance of the
wire to IBJ Funds Trust, P.O. Box 5183, 4400 Computer Drive, Westborough, MA
01581. Notification must be given to the Fund at 1-800-994-2533 prior to 12:00
p.m. Eastern Standard Time, of the wire date for The Reserve Money Market Fund
and prior to 4:00 p.m. Eastern Standard Time in the case of The Core Fixed
Income Fund, The Core Equity Fund and The Blended Total Return Fund.
Payments to open new accounts should be sent to IBJ Funds Trust, P.O.
Box 5183, Westborough, MA 01581, together with a completed application.
PLEASE NOTE THE FOLLOWING REVISIONS REGARDING
EXCHANGE OF FUND SHARES EFFECTIVE MARCH 1, 1998:
Exchange by Mail - A Letter of Instruction should be sent by mail to
IBJ Funds Trust. No signature guarantee is required. Newly purchased shares must
remain in the account for ten days.
PLEASE NOTE THE FOLLOWING REVISIONS REGARDING
REDEMPTION OF FUND SHARES EFFECTIVE MARCH 1, 1998:
By Mail - Requests should be addressed to IBJ Funds Trust, P.O. Box
5183, Westborough, MA 01581. To protect shareholder accounts, the Funds and its
transfer agent from fraud, a signature guarantee will be required when
redemptions proceeds are to be sent to an address other than the registered
address, or if the redemption is greater than $50,000.
By Telephone - Telephone redemption and telephone exchanges will be
suspended for a period of 10 days following an address change made by telephone.
