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Transamerica Premier Funds
Investor Shares
Supplement Dated April 29, 1996
to Investor Shares Prospectus Dated April 29, 1996
The following information supplements, and should be read in conjunction
with, the Prospectus to which this endorsement is attached.
The following information supplements the section titled "Fund
Expenses."
As an additional subsidy, beginning on April 1, 1996 the Investment Adviser
will waive the Adviser Fee and the Administrator will assume any other operating
expenses for the Transamerica Premier Index Fund and the Transamerica Premier
Cash Reserve Fund, other than certain extraordinary or non-recurring expenses,
which together exceed 0.25% of the average daily net assets for each Fund until
the earlier of June 30, 1996 or such time as the Fund's assets exceed $50
million.
The estimated operating expenses for the period from April 1, 1996 to June
30, 1996 for these Funds are as follows:
Transamerica Premier Index Fund
Transamerica Premier Cash Reserve Fund
Estimated Fund Operating Expenses
From 4/1/96 to 6/30/96
(as a percent of average net assets)
<TABLE>
<CAPTION>
Other Total Operating
Expenses Expenses After Waiver
Adviser Fee 12b-1 After Reim- and
Fund After Waiver Fee bursement Reimbursement
- ------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Premier Index 0.00% 0.10% 0.15% 0.25%
- ------------------------------------------------------------------------------
Premier Cash Reserve 0.00% 0.10% 0.15% 0.25 %
- ------------------------------------------------------------------------------
</TABLE>
(see reverse)
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The estimated annual operating expenses for the Funds from October 2, 1995
to September 30, 1996 are as follows:
Transamerica Premier Index Fund
Transamerica Premier Cash Reserve Fund
Estimated Annual Fund Operating Expenses
From 10/2/95 to 9/30/96
(as a percent of average net assets)
<TABLE>
<CAPTION>
Other Total Operating
Expenses Expenses After Waiver
Adviser Fee 12b-1 After Reim- and
Fund After Waiver Fee bursement Reimbursement
- ------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Premier Index 0.15% 0.10% 0.22% 0.47%
- ------------------------------------------------------------------------------
Premier Cash Reserve 0.09% 0.10% 0.17% 0.36%
- ------------------------------------------------------------------------------
</TABLE>
For the estimated operating expenses for the Transamerica Premier Funds
other than those listed above, see the section of the Prospectus titled "Fund
Expenses."
PEO2I-0596
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