FundManager Portfolios
AGGRESSIVE GROWTH PORTFOLIO
NO-LOAD CLASS
FINANCIAL ADVISER CLASS
GROWTH PORTFOLIO
NO-LOAD CLASS
FINANCIAL ADVISER CLASS
GROWTH WITH INCOME PORTFOLIO
NO-LOAD CLASS
FINANCIAL ADVISER CLASS
BOND PORTFOLIO
NO-LOAD CLASS
FINANCIAL ADVISER CLASS
MANAGED TOTAL RETURN PORTFOLIO
FINANCIAL ADVISER CLASS
SUPPLEMENT TO THE NO-LOAD CLASS PROSPECTUS AND THE FINANCIAL ADVISER CLASS
PROSPECTUS, EACH DATED JANUARY 24, 1997.
Effective March 24, 1997, State Street Bank and Trust Company (`SSB''),
Boston, Massachusetts 02266-8600, will replace Investors Bank and Trust
Company (`IBT'') as custodian and portfolio accountant for FundManager
Portfolio's (the `Trust'') five separate diversified series (individually
and collectively referred to as `Portfolio'' or ``Portfolios'' as the
context requires).
Also effective March 24, 1997, Federated Shareholder Services Company
(`FSSC''), a subsidiary of Federated Investors, will replace IBT as
transfer agent, dividend disbursing agent and shareholder servicing agent
for the Portfolios of the Trust.
Accordingly, references throughout the prospectuses to IBT and its address
as custodian and transfer agent should be replaced with references to SSB
and FSSC, respectively, and as further detailed below. In addition, please
note that SSB will replace IBT as custodian for IRA accounts.
FINANCIAL ADVISER CLASS
All written correspondence including (purchase and redemption requests,
changes of addresses, and other shareholder account changes) should be sent
to:
FUNDMANAGER PORTFOLIOS
C/O FEDERATED SHAREHOLDER SERVICES COMPANY
P.O. BOX 8609
BOSTON, MA 02266-8609.
PURCHASES BY WIRE
If you choose to wire your purchase payments, send them to SSB as follows:
STATE STREET BANK AND TRUST COMPANY
BOSTON, MASSACHUSETTS
ABA #011000028
DEPOSIT ACCOUNT #2303-298-0
PORTFOLIO NAME:
--------------
ACCOUNT #
---------------
EXCHANGE PRIVILEGE
Please note that Federated Automated Cash Management Fund replaces Freedom
Cash Management Fund as the money market fund investment into which
shareholders may exchange some or all of their Portfolio shares.
Accordingly, references in the `Exchange Privilege'' section to Freedom
Cash Management Fund should be replaced with references to Federated
Automated Cash Management Fund.
The Federated Automated Cash Management Fund offers checkwriting at no
charge. For information and related matters, please contact FundManager at
800-344-9033.
FINANCIAL ADVISER CLASS AND NO-LOAD CLASS
SHARE CERTIFICATES
The Portfolios will no longer issue share certificates. Any share
certificates that remain outstanding have been canceled.
March 17, 1997
FEDERATED INVESTORS
Federated Investors Tower
Pittsburgh, PA 15222-3779
Edgewood Services, Inc. is a distributor of the Funds
and is a subsidiary of Federated Investors.
Cusip 360850808
360850101
360850705
360850200
360850804
360850309
360850887
360850408
360850507
G01921-14 (3/97)
