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Previous: TWIN CITY BANCORP INC, DEF 14A, 1998-04-22 |
Next: STILLWATER MINING CO /DE/, 8-K, 1998-04-22 |
<PAGE> 1
SUPPLEMENT DATED APRIL 22, 1998
TO
WEBS INDEX FUND, INC.
PROSPECTUS
DATED OCTOBER 29, 1997
This Supplement relates to the Prospectus of WEBS Index Fund, Inc. (the
"Fund") dated October 29, 1997. The information herein supersedes the
corresponding information in the Prospectus.
1. The expense table on pages 7 and 8 of the Prospectus is amended so
that the amounts in the line items entitled "Maximum Transaction Fee (a) for
Purchase of one Creation Unit of WEBS: In-kind and Cash Purchases (b)" and
"Maximum Redemption Transaction Fee (a) for Redemption of one Creation Unit
of WEBS: In-kind and Cash Redemptions (c)" are replaced by the following,
which reflect reductions in these fees: (1) Australia WEBS Index Series,
$2,200; (2) Austria WEBS Index Series, $1,700; (3) Belgium WEBS Index
Series, $1,400; (4) Canada WEBS Index Series, $3,400; (5) France WEBS Index
Series, $3,600; (6) Germany WEBS Index Series, $2,500; (7) Hong Kong WEBS
Index Series, $3,500; (8) Italy WEBS Index Series, $2,000; (9) Japan WEBS
Index Series, $7,700; (10) Malaysia (Free) WEBS Index Series, $4,800; (11)
Mexico (Free) WEBS Index Series, $2,500; (12) Netherlands WEBS Index Series,
$1,800; (13) Singapore (Free) WEBS Index Series, $2,500; (14) Spain WEBS
Index Series, $2,300; (5) Sweden WEBS Index Series, $2,200; (16) Switzerland
WEBS Index Series, $1,800; and (17) United Kingdom WEBS Index Series,
$5,300.
2. The historical performance information graphs for the MSCI Indices
on pages 30, 31 and 32 of the Prospectus are amended and restated to reflect
the following: 1) the 1997 total return figures for each MSCI Index are
updated to reflect information through December 31, 1997; 2) the 1996 total
return figures for each MSCI Index, with the exception of the MSCI Mexico
(Free) Index, are revised and corrected; and 3) the 1995 total return figure
for the MSCI Austria Index is revised and corrected. In connection with
these changes, the last sentence of the second full paragraph of page 30 is
deleted. The revised graphs are as follows:
<TABLE>
<CAPTION>
Measurement Period
(Fiscal Year Covered) MSCI AUSTRALIA INDEX
<S> <C>
1988 36.4
9.3
-17.54
1991 33.64
-10.82
35.17
1994 5.4
11.19
16.49
1997 -10.44
</TABLE>
<TABLE>
<CAPTION>
Measurement Period
(Fiscal Year Covered) MSCI AUSTRIA INDEX
<S> <C>
1988 0.57
103.91
6.33
1991 -12.23
-10.65
28.09
1994 -6.28
-4.72
4.51
1997 1.57
</TABLE>
<TABLE>
<CAPTION>
Measurement Period
(Fiscal Year Covered) MSCI BELGIUM INDEX
<S> <C>
1988 53.63
17.29
-10.98
1991 13.77
-1.47
23.51
1994 8.24
25.88
12.03
1997 13.55
</TABLE>
<TABLE>
<CAPTION>
Measurement Period
(Fiscal Year Covered) MSCI CANADA INDEX
<S> <C>
1988 17.07
24.3
-13
1991 11.08
-12.15
17.58
1994 -3.04
18.31
28.54
1997 12.8
</TABLE>
<TABLE>
<CAPTION>
Measurement Period
(Fiscal Year Covered) MSCI FRANCE INDEX
<S> <C>
1988 37.87
36.15
-13.83
1991 17.83
2.81
20.91
1994 -5.18
14.12
21.2
1997 11.94
</TABLE>
<TABLE>
<CAPTION>
Measurement Period
(Fiscal Year Covered) MSCI GERMANY INDEX
<S> <C>
1988 20.6
46.26
-9.36
1991 8.16
-10.27
35.64
1994 4.66
16.41
13.58
1997 24.57
</TABLE>
<PAGE> 2
<TABLE>
<CAPTION>
Measurement Period
(Fiscal Year Covered) MSCI HONG KONG INDEX
<S> <C>
1988 28.12
8.39
9.17
1991 49.52
32.29
116.7
1994 -28.9
22.57
33.08
1997 -23.29
</TABLE>
<TABLE>
<CAPTION>
Measurement Period
(Fiscal Year Covered) MSCI ITALY INDEX
<S> <C>
1988 11.46
19.42
-19.19
1991 -1.82
-22.22
28.53
1994 11.56
1.05
12.59
1997 35.48
</TABLE>
<TABLE>
<CAPTION>
Measurement Period
(Fiscal Year Covered) MSCI JAPAN INDEX
<S> <C>
1988 35.39
1.71
-36.1
1991 8.92
-21.45
25.48
1994 21.44
0.69
-15.5
1997 -23.67
</TABLE>
<TABLE>
<CAPTION>
Measurement Period
(Fiscal Year Covered) MSCI MALAYSIA (FREE) INDEX
<S> <C>
1988 26.54
55.76
-7.91
1991 4.95
17.76
110
1994 -19.94
5.16
25.89
1997 -68.11
</TABLE>
<TABLE>
<CAPTION>
Measurement Period
(Fiscal Year Covered) MSCI MEXICO (FREE) INDEX
<S> <C>
1988 71.98
89.2
62.65
1991 126.04
24.98
49.35
1994 -40.55
-20.37
18.7
1997 53.92
</TABLE>
<TABLE>
<CAPTION>
Measurement Period
(Fiscal Year Covered) MSCI NETHERLANDS INDEX
<S> <C>
1988 14.19
35.79
-3.19
1991 17.8
2.3
35.28
1994 11.7
27.71
27.51
1997 23.77
</TABLE>
<TABLE>
<CAPTION>
Measurement Period MSCI SINGAPORE (FREE)
(Fiscal Year Covered) INDEX
<S> <C>
1988 34.18
44.88
-14.59
1991 43.61
4.49
73.41
1994 5.81
12.19
0.33
1997 -40.46
</TABLE>
<TABLE>
<CAPTION>
Measurement Period
(Fiscal Year Covered) MSCI SPAIN INDEX
<S> <C>
1988 13.53
9.76
-13.85
1991 15.63
-21.87
29.78
1994 -4.8
29.83
40.05
1997 25.41
</TABLE>
<TABLE>
<CAPTION>
Measurement Period
(Fiscal Year Covered) MSCI SWEDEN INDEX
<S> <C>
1988 48.33
31.79
-20.99
1991 14.42
-14.41
36.99
1994 18.34
33.36
37.21
1997 12.92
</TABLE>
<TABLE>
<CAPTION>
Measurement Period
(Fiscal Year Covered) MSCI SWITZERLAND INDEX
<S> <C>
1988 6.18
26.21
-6.23
1991 15.77
17.23
45.79
1994 3.54
44.12
2.28
1997 44.25
</TABLE>
<TABLE>
<CAPTION>
Measurement Period
(Fiscal Year Covered) MSCI UNITED KINGDOM INDEX
<S> <C>
1988 5.95
21.87
10.29
1991 16.02
-3.65
24.44
1994 -1.63
21.27
27.42
1997 22.62
</TABLE>
2
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