Transamerica Premier Funds
Investor Shares
Supplement Dated October 1, 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 October 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 December 31, 1996 or such time as the Fund's assets
exceed $50 million.
The estimated operating expenses for the period from October 1, 1996 to
December 31, 1996 for these Funds are as follows:
<TABLE>
<CAPTION>
Transamerica Premier Index Fund
Transamerica Premier Cash Reserve Fund
Estimated Fund Operating Expenses
From 10/1/96 to 12/31/96
(as a percent of average net assets)
Other Total Operating
Expenses Expenses After
Adviser Fee 12b-1 After Reim- Waiver 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)
The estimated annual operating expenses for the Funds from January 1, 1996
to December 31, 1996 are as follows:
<TABLE>
<CAPTION>
Transamerica Premier Index Fund
Transamerica Premier Cash Reserve Fund
Estimated Annual Fund Operating Expenses
From 1/1/96 to 12/31/96
(as a percent of average net assets)
Other Total Operating
Expenses Expenses After
Adviser Fee 12b-1 After Reim- Waiver and
Fund After Waiver Fee bursement Reimbursement
- -------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Premier Index 0.07% 0.10% 0.19% 0.36%
- -------------------------------------------------------------------------------
Premier Cash Reserve 0.00% 0.10% 0.15% 0.25%
- -------------------------------------------------------------------------------
</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-1096
