Transamerica Premier Funds
Investor Shares
Supplement Dated December 1, 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. This supplement replaces
the supplement dated April 28, 1997. The following information supplements the
section titled "Fund Expenses."
As an additional subsidy, beginning on December 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, other than certain
extraordinary or non-recurring expenses, which together exceed an annualized
rate of 0.25% of its average daily net assets.
As an additional subsidy, beginning on December 1, 1997 the Investment
Adviser will waive the Adviser Fee, the Distributor will waive the 12b-1 Fee,
and the Administrator will assume any other operating expenses for the
Transamerica Premier Cash Reserve Fund, other than certain extraordinary or
non-recurring expenses, which together exceed an annualized rate of 0.25% of its
average daily net assets.
Assuming the continuation of this additional subsidy, the annual fund
operating expenses for these Funds are as follows:
<TABLE>
Annual Fund Operating Expenses (as a percent of average net assets)
<CAPTION>
Other Total Operating
Expenses Expenses After Waiver
Transamerica Premier Adviser Fee 12b-1 Fee After Reim- and
Fund After Waiver After Waiver bursement Reimbursement
===========================================================================================================
<S> <C> <C> <C> <C>
Index 0.00% 0.10% 0.15% 0.25%
- -----------------------------------------------------------------------------------------------------------
Cash Reserve 0.00% 0.00% 0.25% 0.25%
- -----------------------------------------------------------------------------------------------------------
</TABLE>
These additional subsidies may be terminated at any time without notice.
For the annual operating expenses for the Transamerica Premier Funds other
than those listed above, see the section of the Prospectus titled
"Fund Expenses."
TPF-191
