The Bear Stearns Funds are revising the instructions to be followed when
purchasing shares of a Portfolio. Please keep a copy of this supplement with
your Prospectus.
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The Bear Stearns Funds
Income Portfolio, Class A, B, C and Y Shares
High Yield Total Return Portfolio, Class A, B, C and Y Shares
Emerging Markets Debt Portfolio, Class A, B, C and Y
Shares S&P STARS Portfolio, Class A, B, C and Y Shares
The Insiders Select Fund, Class A, B, C and Y Shares
Large Cap Value Portfolio, Class A, B, C and Y Shares
Small Cap Value Portfolio, Class A, B, C and Y Shares
Focus List Portfolio, Class A, B, C and Y Shares
Balanced Portfolio, Class A, B, C and Y Shares
International Equity Portfolio, Class A, B, C and Y Shares
Supplement dated March 13, 2000
To the Prospectuses Dated July 29, 1999
1. In the section entitled "Investing in the Portfolios -- Purchase
Procedures" for the Class A, B and C share Prospectus of each
Portfolio, replace the information regarding method of purchase with
the following:
Purchase through the Distributor or Authorized Dealers
Method of Purchase Instructions
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In Person/By Mail o Contact your account representative.
o Specify the name of the Portfolio, class of
shares and the number or dollar amount of
shares that you wish to buy.
o For a new account, your account representative
will help you to complete the application.
o Mail your application or additional purchase to:
PFPC Inc.
Attention: The Bear Stearns Funds
P.O. Box 8960
Wilmington, DE 19899-8960
o Send overnight mail to:
PFPC Inc.
Attention: The Bear Stearns Funds
400 Bellevue Parkway
Wilmington, DE 19899
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<PAGE>
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By Telephone/Wire o Contact your account representative.
o Specify the name of the Portfolio, class of
shares and the number or dollar amount of
shares that you wish to buy.
o On the day of purchase, call the Transfer
Agent at 1-800-447-1139 prior to the close
of trading on the NYSE (usually 4:00 p.m.
Eastern Time) to give notice of the purchase
and before wiring any funds.
o Wire funds to:
PNC Bank, N.A.
ABA#: 031000053
Credit Account # 85-5102-0143
From: Name of Investor
For the purchase of: Name of Portfolio
Amount: Amount to be invested
o After calling the Transfer Agent, contact your
financial institution to wire funds to PFPC.
Please refer to the wire instructions indicated
above. Funds must be wired the same day that your
trade is placed.
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Additional Purchases Through the Transfer Agent:
Method of Purchase Instructions
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By Mail o Mail your application or additional purchase to:
PFPC Inc.
Attention: The Bear Stearns Funds
P.O. Box 8960
Wilmington, DE 19899-8960
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By Telephone/Wire o On the day of purchase, call the Transfer Agent
at 1-800-447-1139 prior to the close of trading
on the NYSE (usually 4:00 p.m. Eastern Time) to
give notice of the purchase and before wiring any
funds.
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o When you call the Transfer Agent:
1. Obtain wire instructions for Bear Stearns.
2. Place your trade by specifying the name
of the Portfolio, class of shares and
the number or dollar amount of shares
that you wish to buy.
o After calling the Transfer Agent, contact your
financial institution to wire funds to PFPC.
Please refer to the wire instructions indicated
above. Funds must be wired the same day that your
trade is placed.
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2. At the end of the section entitled "Investing in the Portfolios -- How
to Buy Shares" for the Class Y share Prospectus of each Portfolio, add
the following:
On the day of the purchase, call the Transfer Agent at
1-800-447-1139 prior to the close of trading on the NYSE
(usually 4:00 p.m. Eastern Time), to give notice of the
purchase and before wiring any funds.
After contacting the Transfer Agent, contact your financial
institution to wire funds to PFPC. Please refer to the wire
instructions indicated above. Funds must be wired the same day
that your trade is placed.
<PAGE>
The Bear Stearns Funds are revising the instructions to be followed when
purchasing shares of the Prime Money Market Portfolio. Please keep a copy of
this supplement with your Prospectus.
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The Bear Stearns Funds
Prime Money Market Portfolio, Class Y Shares
Supplement dated March 13, 2000
To the Prospectus Dated July 29, 1999
At the end of the section entitled "Investing in the Portfolio -- How
to Buy Shares," add the following:
To ensure transactions are completed as requested, investors
are encouraged to give the Transfer Agent a firm indication of
the approximate size of the intended investment before 2:30
p.m. Eastern Time. On the day of the purchase, call the
Transfer Agent at 1-800-447-1139 prior to 3:00 p.m. Eastern
Time, to give notice of the purchase and before wiring any
funds.
After contacting the Transfer Agent, contact your financial
institution to wire funds to PFPC. Please refer to the wire
instructions indicated above. Funds must be wired the same day
that your trade is placed.
