FIRST OMAHA FUNDS
Supplement
DATED AUGUST 28, 2000
to the Prospectus
DATED JULY 28, 2000
- CHANGE IN ADMINISTRATOR AND DISTRIBUTOR
The Board of Directors of the First Omaha Funds ("Funds") has approved
a change in the Administrator and Distributor of the First Omaha Funds.
Effective September 30, 2000, SEI Investments Mutual Funds Services will
serve as Administrator of the Funds, and SEI Investments Distribution Co.
will serve as Distributor for the Funds.
- PERFORMANCE INFORMATION
The following supplements the performance information appearing
immediately after each First Omaha Fund's "Year-by-Year Total
Return as of 12/31 Each Year" chart on pages 2, 4, 7, 11, 13, 15
and 18 of the Prospectus.
Total Return for the
six-month period
FIRST OMAHA FUND ended June 30, 2000
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U.S. Government Money Market Fund 2.88%
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Short/Intermediate Fixed Income Fund 2.59%
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Fixed Income Fund 2.32%
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Balanced Fund (3.96)%
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Equity Fund (8.05)%
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Growth Fund (2.05)%
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Small Cap Value Fund 2.62%
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YOU SHOULD RETAIN A COPY OF THIS SUPPLEMENT WITH YOUR RECORDS.
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FIRST OMAHA
FAMILY OF FUNDS(R)
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