AGGRESSIVE GROWTH PORTFOLIO
GROWTH PORTFOLIO
GROWTH WITH INCOME PORTFOLIO
BOND PORTFOLIO
(Portfolios of FundManager Portfolios)
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SUPPLEMENT TO THE NO-LOAD CLASS PROSPECTUS DATED JANUARY 31, 1998
Please be advised that the Board of Trustees of FundManager Portfolios approved
the termination of the No-Load Class of shares for all portfolios, effective
September 23, 1998.
As a result of this action, unless you object by September 23, 1998 your No Load
Class shares will convert on a tax-free basis into the Financial Adviser Class
of shares of your current Portfolio at net asset value without any sales charge.
On or about September 1, 1998, a letter accompanied by a prospectus for
Financial Adviser Class shares will be sent to No-Load Class shareholders
outlining the differences between Financial Adviser Class and No-Load Class
shares, including fees and expenses. Shareholders who do not convert will
receive a taxable redemption in cash of your No-Load Class shares at their net
asset value on September 23, 1998.
In addition, No Load Class shareholders who convert into the Financial Adviser
Class will be able to make additional purchases of the Financial Adviser Class
shares without any front-end sales charge.
September 1, 1998
EDGEWOOD SERVICES, INC.
Edgewood Services, Inc. is a distributor of the Funds and is a subsidiary
of Federated Investors, Inc.
5800 Corporate Drive
Pittsburgh, PA 15237-5829
Cusip 360850808
Cusip 360850705
Cusip 360850804
Cusip 360850887
G01921-29 (9/98)
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