Transamerica Premier Funds
Investor Shares
Supplement Dated January 1, 1997
to Investor Shares Prospectus Dated April 29, 1996
This supplement supercedes the supplement dated October 1, 1996
The following information supplements, and should be read in conjunction
with, the Prospectus to which this supplement is attached.
The following information supplements the section titled "Fund Expenses."
As an additional subsidy, beginning on January 1, 1997 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 April 30, 1997 or such time as the Fund's assets
exceed $65 million.
The estimated operating expenses for the period from January 1, 1997 to
April 30, 1997 for these Funds are as follows:
<TABLE>
<CAPTION>
Transamerica Premier Index Fund
Transamerica Premier Cash Reserve Fund
Estimated Fund Operating Expenses
From 1/1/97 to 4/30/97
(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>
The estimated annual operating expenses for the Funds from May 1, 1996 to
April 30, 1997 are as follows:
<TABLE>
<CAPTION>
Transamerica Premier Index Fund
Transamerica Premier Cash Reserve Fund
Estimated Annual Fund Operating Expenses
From 5/1/96 to 4/30/97
(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)
For the estimated operating expenses for the Transamerica Premier Funds
other than those listed above, see the section of the Prospectus titled "Fund
Expenses."
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 $65 million." The first sentence and the remainder of the footnote
following the second sentence remain unchanged.
