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Filed Pursuant to Rule 497(e)
Registration File No.: 33-86578
DAVIS INTERNATIONAL SERIES, INC.
SUPPLEMENT DATED NOVEMBER 7, 2000
TO
STATEMENT OF ADDITIONAL INFORMATION
DATED MARCH 1, 2000
The following information supplements and should be read in conjunction with the
Statement of Additional Information.
ACQUISITION OF SUB-ADVISER, FIDUCIARY TRUST INTERNATIONAL, INC.
Franklin Resources, Inc. (operating as Franklin Templeton Investments) of San
Mateo, CA, and Fiduciary Trust Company International of New York announced on
October 25, 2000, that they have signed a definitive agreement under which
Franklin Resources will acquire Fiduciary Trust International in an all-stock
transaction valued at approximately $825 million. Based on current assets, the
combined entity would have more than $280 billion in assets under management
worldwide. Fiduciary Trust Company International is the ultimate parent company
of Fiduciary International, Inc., the sub-adviser for Davis International Total
Return Fund.
The transaction, which is subject to shareholder and regulatory approvals and
other customary closing conditions, is expected to be completed in the first
quarter of calendar 2001. It is not expected that the transaction will result in
any immediate change in the manner in which the Fund will be managed. However,
the Fund's Board of Directors will consider what, if any, action will be
necessary in the future. Shareholders will be informed immediately of any
material developments.
