Transamerica Premier Funds
Adviser Shares
Supplement Dated April 29, 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 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 the Total Operating Expenses shown below 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>
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 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>
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 0.15% 1.00% 0.22% 1.37%
- ----------------------------------------------------------------------------------------------
Premier Cash Reserve 0.09% 0.25% 0.17% 0.51%
- ----------------------------------------------------------------------------------------------
</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."
PEO2A-0596
<PAGE>
<PAGE>
TRANSAMERICA PREMIER FUNDS
Adviser Shares
Supplement Dated April 29, 1996
to Adviser Shares Prospectus Dated April 29, 1996
For Residents of the State of Texas
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."
If you are eligible to buy the Adviser Shares, you are also eligible to
buy the Investor Shares. The 12b-1 fee for the Adviser Shares is higher
than the 12b-1 fee for the Investor Shares. Therefore, by buying the
Investor Shares you will pay less in fees each year, than if you
purchase the Adviser Shares.
However, we cannot provide you with the guidance of a registered
broker-dealer. The extra 12b-1 fee charged for the Adviser Shares is to
compensate the broker through whom it is sold for investment advice to
the investor.
