Transamerica Premier Funds
Investor Shares
Supplement Dated April 28, 1997
to Investor Shares Prospectus Dated April 28, 1997
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 April 28, 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. This additional subsidy may be terminated at any time without notice.
Assuming the continuation of this additional subsidy, the annual fees and
expenses for these Funds are as follows:
Transamerica Premier Index Fund
Transamerica Premier Cash Reserve Fund
Annual Fund Operating Expenses (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
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Premier Index 0.00% 0.10% 0.15% 0.25%
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Premier Cash Reserve 0.00% 0.10% 0.15% 0.25 %
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For the annual operating expenses for the Transamerica Premier Funds
other than those listed above, see the section of the Prospectus titled "Fund
Expenses."
PEO2I-597
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