Transamerica Premier Funds
Adviser Shares
Supplement Dated July 1, 1996
to Adviser 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 July 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 the Total Operating Expenses shown below for each Fund
until the earlier of September 30, 996 or such time as the Fund's assets exceed
$50 million.
The estimated operating expenses for the period from July 1, 1996 to
September 30, 1996 for these Funds are as follows:
Transamerica Premier Index Fund
Transamerica Premier Cash Reserve Fund
Estimated Fund Operating Expenses
From 7/1/96 to 9/30/96
(as a percent of average net assets)
Adviser
Fee After 12b-1 Other Expenses
Fund Waiver Fee After Reimbursement
- -----------------------------------------------------------------
Premier Index 0.00% 1.00% 0.15%
- -----------------------------------------------------------------
Premier Cash Reserve 0.00% 0.25% 0.15%
- -----------------------------------------------------------------
Total Operating
Expenses After Waiver
and Reimbursement
- -----------------------
1.15%
- -----------------------
0.40%
- -----------------------
The estimated annual operating expenses for these 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)
Adviser
Fee After 12b-1 Other Expenses
Fund Waiver Fee After Reimbursement
- ------------------------------------------------------------------------
Premier Index 0.07% 1.00% 0.19%
- ------------------------------------------------------------------------
Premier Cash Reserve 0.00% 0.25% 0.15%
- ------------------------------------------------------------------------
Total Operating
Expenses After Waiver
and Reimbursement
- -----------------------
1.26%
- -----------------------
0.40%
- -----------------------
For the estimated operating expenses for the Transamerica Premier Funds
other than those listed above, see the section of the Prospectus titled "Fund
Expenses."
PEO2A-0796
