Rule 497(e)
File Nos. 33-84450 and 811-8782
The Montgomery Funds III
Supplement dated May 22, 2000 to the
Prospectus dated April 30, 2000
Effective May 31, 2000, the Montgomery Variable Series: Growth Fund will be
managed by Andrew Pratt. The investment background of Andrew Pratt is set forth
below:
Andrew Pratt, CFA, Portfolio Manager
Mr. Pratt joined Montgomery in 1993 as part of the Growth Equity team
responsible for managing the Montgomery Growth and U.S. Emerging Growth Funds.
More recently, he has been managing core U.S. equity portfolios for
institutional clients. Prior to joining Montgomery, Mr. Pratt was at
Hewlett-Packard Company, where, as an equity analyst, he managed a portfolio of
small-cap technology companies and researched private placement and venture
capital investments. Previously, he worked in the Capital Markets Group at
Fidelity Investments in Boston. Mr. Pratt holds a Bachelor of Arts degree from
University of Wisconsin and a Master of Science in Finance from Boston College.
He is a chartered financial analyst.
