Rule 497(e)
Registration No. 33-84842
THE BEAR STEARNS FUNDS
S&P STARS Portfolio
Class Y Shares
Supplement dated December 24, 1997 to Prospectus dated June 30, 1997 of the S&P
STARS Portfolio
BEAR STEARNS ASSET MANAGEMENT INC. ("BSAM"), a wholly-owned subsidiary of The
Bear Stearns Companies Inc., serves as the Portfolio's investment adviser. BSAM
is also referred to herein as the "Adviser." As of December 3, 1997, Bears
Stearns Funds Management Inc., the registered investment adviser of the
Portfolio has changed its name to Bear Stearns Asset Management Inc.
BEAR STEARNS FUNDS MANAGEMENT INC., a wholly-owned subsidiary of The Bear
Stearns Companies Inc., is the Administrator of the Portfolio. As of December 4,
1997, Bear Stearns Funds Management Inc. formed a newly registered corporate
entity under the laws of Delaware to conduct mutual fund administrative work for
The Bear Stearns Funds and other affiliated and non-affiliated investment
companies.
The first sentence in the sixth paragraph on page 1 is replaced with the
following:
"Part B (also known as the Statement of Additional Information), dated December
24, 1997, which may be revised from time to time, provides a further discussion
of certain areas in this Prospectus and other matters which may be of interest
to some investors."
<PAGE>
Rule 497(e)
Registration No. 33-84842
THE BEAR STEARNS FUNDS
The Insiders Select Fund
Class Y Shares
Supplement dated December 24, 1997 to Prospectus dated July 29, 1997 of the
Insiders Select Fund
BEAR STEARNS ASSET MANAGEMENT INC. ("BSAM"), a wholly-owned subsidiary of The
Bear Stearns Companies Inc., serves as the Portfolio's investment adviser. BSAM
is also referred to herein as the "Adviser." As of December 3, 1997, Bears
Stearns Funds Management Inc., the registered investment adviser of the
Portfolio has changed its name to Bear Stearns Asset Management Inc.
BEAR STEARNS FUNDS MANAGEMENT INC., a wholly-owned subsidiary of The Bear
Stearns Companies Inc., is the Administrator of the Portfolio. As of December 4,
1997, Bear Stearns Funds Management Inc. formed a newly registered corporate
entity under the laws of Delaware to conduct mutual fund administrative work for
The Bear Stearns Funds and other affiliated and non-affiliated investment
companies.
The first sentence in the sixth paragraph on page 1 is replaced with the
following:
"Part B (also known as the Statement of Additional Information), dated December
24, 1997, which may be revised from time to time, provides a further discussion
of certain areas in this Prospectus and other matters which may be of interest
to some investors."
<PAGE>
Rule 497(e)
Registration No. 33-84842
THE BEAR STEARNS FUNDS
Large Cap Portfolio, Small Cap Portfolio and Total Return Bond Portfolio
Class Y Shares
Supplement dated December 24 1997 to Prospectus dated July 14, 1997 of the Large
Cap Portfolio, Small Cap Portfolio and Total Return Bond Portfolio
BEAR STEARNS ASSET MANAGEMENT INC. ("BSAM"), a wholly-owned subsidiary of The
Bear Stearns Companies Inc., serves as each Portfolio's investment adviser. BSAM
is also referred to herein as the "Adviser." As of December 3, 1997, Bears
Stearns Funds Management Inc., the registered investment adviser of the
Portfolio has changed its name to Bear Stearns Asset Management Inc.
BEAR STEARNS FUNDS MANAGEMENT INC., a wholly-owned subsidiary of The Bear
Stearns Companies Inc., is the Administrator of the Portfolio. As of December 4,
1997, Bear Stearns Funds Management Inc. formed a newly registered corporate
entity under the laws of Delaware to conduct mutual fund administrative work for
The Bear Stearns Funds and other affiliated and non-affiliated investment
companies.
The first sentence in the sixth paragraph on page 1 is replaced with the
following:
"Part B (also known as the Statement of Additional Information), dated December
24, 1997, which may be revised from time to time, provides a further discussion
of certain areas in this Prospectus and other matters which may be of interest
to some investors."
