Transamerica Premier Funds
Adviser Shares
Supplement Dated October 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 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 the Total Operating Expenses shown below 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:
Transamerica Premier Index Fund
Transamerica Premier Cash Reserve Fund
Estimated Fund Operating Expenses
From 10/1/96 to12/31/96
(as a percent of average net assets)
<TABLE>
<CAPTION>
Adviser Total Operating
Fee After 12b-1 Other Expenses Expenses After Waiver
Fund Waiver Fee After Reimbursement and Reimbursement
- ----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Premier Index 0.00% 1.00% 0.15% 1.15%
- ----------------------------------------------------------------------------------------
Premier Cash Reserve 0.00% 0.25% 0.15% 0.40%
- ----------------------------------------------------------------------------------------
</TABLE>
The estimated annual operating expenses for these Funds from January 1,
1996 to December 31, 1996 are as follows:
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)
<TABLE>
<CAPTION>
Adviser Total Operating
Fee After 12b-1 Other Expenses Expenses After Waiver
Fund Waiver Fee After Reimbursement and Reimbursement
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Premier Index 0.07% 1.00% 0.19% 1.26%
- -----------------------------------------------------------------------------------------------
Premier Cash Reserve 0.00% 0.25% 0.15% 0.40%
- -----------------------------------------------------------------------------------------------
</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."
(see reverse)
The second sentence of footnote number 5 under the Fund Expenses section is
replaced with the following: "The Investment Adviser has agreed to waive that
part of their Adviser Fee and the Administrator has agreed to assume any other
operating expenses for each Fund, other than certain extraordinary or
non-recurring expenses, which together exceed a specified percentage of the
average daily net assets of that Fund until such time as the Fund's assets
exceed $50 million." The first sentence and the remainder of the footnote
following the second sentence remain unchanged.
PEO2A-10296
