Transamerica Premier Funds
Institutional Shares
Supplement Dated June 4, 1998
to Institutional Shares Prospectus Dated March 31, 1998
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 May 13, 1998.
The following replaces the last two paragraphs of the section titled "Investment
Adviser" which describe the portfolio management of the Funds.
Management decisions for each of the Funds described in this Prospectus are
made by a team of expert managers and analysts headed by team leaders
(designated as primary managers) and their backups (designated as
co-managers). The team leaders are primarily responsible for the day-to-day
decisions related to their
Fund. They are supported by the entire group of managers and analysts. A primary
manager or co-manager of any one Fund may be on another Fund team. The
transactions and performance of the Funds are reviewed periodically by the
Investment Adviser's senior officers.
Here's a listing and brief biography of the primary manager and co-managers for
each of the Funds:
Transamerica Premier Aggressive Growth Fund
and Transamerica Premier Small Company Fund
Primary Manager: Philip Treick, Vice President and Fund Manager, Transamerica
Investment Services. B.S.,
University of South Florida, 1987. Financial Analyst, Raymond James Financial
Corporation, 1987-1988. Joined
Transamerica in 1988.
Co-Manager: Christopher J. Bonavico, Assistant Vice President and Fund Manager,
Transamerica Investment Services.
B.S., University of Delaware, 1987. Equity Research Analyst, Salomon Brothers,
1989-1993. Business Analyst,
Planning & Financial Management, Chase Manhattan Bank, 1988-1989. Joined
Transamerica in 1993.
Transamerica Premier Equity Fund
Primary Manager: Jeffrey S. Van Harte, C.F.A. Vice President and Senior
Fund Manager, Transamerica Investment
Services. Member of San Francisco Society of Financial Analysts. B.A.,
California State University at Fullerton,
1980. Securities Analyst and Trader, Transamerica Investment Services,
1980-1984. Joined Transamerica in 1980.
Co-Manager: Philip Treick (see above).
Transamerica Premier Value Fund
Primary Manager: Christopher J. Bonavico (see above).
Co-Manager: Jeffrey S. Van Harte (see above).
Transamerica Premier Index Fund
Primary Manager: Lisa L. Hansen, Assistant Vice President and Senior Trader,
Transamerica Investment Services.
B.A. (biology), University of California at Santa Cruz. Senior Trader, Husic
Capital Management, 1988-1997.
Assistant Vice President, Senior Trader, Kingsley Jennison McNulty & Morse,
Inc., 1979-1988.
Joined Transamerica in 1997.
Co-Manager: Christopher J. Bonavico (see above).
Transamerica Premier Balanced Fund
Primary Manager: Gary U. Rolle', C.F.A., Executive Vice President & Chief
Investment Officer, Transamerica
Investment Services. Chairman & President, Transamerica Income Shares. Chief
Investment Officer of Transamerica
Occidental Life and Transamerica Life Insurance & Annuity. Former member of
the Board of Governors of the Los
Angeles Society of Financial Analysts. B.S. (chemistry and economics),
University of California at Riverside.
Chief Investment Officer, Kaufman & Broad and Sun Life Insurance Company of
California, 1981-1983. First joined Transamerica in 1967.
Returned to Transamerica in 1983.
Co-Manager: Stephen J. Ahearn, C.F.A., Vice President and Director of Research,
Transamerica Investment Services.
B.S. (finance), Boston College (Magna Cum Laude). Senior Associate-Municipal
Bonds, General Electric Investment
Corporation, 1991-1994. Investment Analyst, General Electric Investment
Corporation 1987-1991. Financial
Management Program, General Electric Corporation, 1985-1987. Joined
Transamerica in 1994.
Co-Manager: Christopher J. Bonavico (see above).
Transamerica Premier Bond Fund
Primary Manager: Susan A. Silbert, C.F.A., Senior Vice President and Director
of Fixed Income Management,
Transamerica Investment Services. Vice President of Transamerica Income Shares.
Member of the Los Angeles Society
of Financial Analysts. M.B.A. (finance), University of Southern California.
B.S. (finance), University of
Southern California. Joined Transamerica in 1967.
Co-Manager: Matthew W. Kuhns, C.F.A., Vice President and Portfolio Manager,
Transamerica Investment Services.
Member of the Bond Club of Los Angeles. M.B.A. (finance), University of
Southern California. B.A. (social
science), University of California, Berkeley. Assistant Vice President,
First National Bank of Chicago,
1987-1991. Assistant to the Budget Director, University of Southern
California, 1985-1986. Joined Transamerica in
1991.
Co-Manager: James J. Flick, Assistant Vice President and Portfolio Manager,
Transamerica Investment Services. M.B.A. (finance), University of Chicago.
B.S. (mechanical engineering), Ohio State University. Senior Vice
President-Fixed Income, Lehman Brothers, 1994-1995. Senior Vice
President-Fixed Income, J.P. Morgan, 1993-1994. Vice President-Fixed
Income, Citicorp Securities, 1990-1993. Associate-Fixed Income, Goldman
Sachs, 1987-1990. Engineer, Westinghouse, 1983-1986. Joined Transamerica in
1995.
Co-Manager: William A. Griffin, C.F.A., Vice President and Portfolio
Manager, Transamerica Investment Services. B.A. (history), Colgate
University. Analyst, Countrywide Funding Corporation, 1991.
Director-Mortgage Research, Mabon Nugent & Co., 1988-1990. Mortgage-backed
Options and Intermediate Mortgage Trader, Citicorp Investment Bank,
1986-1987. Mortgage-backed Trading Assistant, Dean Witter Reynolds,
1984-1986. Joined Transamerica in 1991. Transamerica Cash Reserve Fund
Primary Manager: Kevin J. Hickam, C.F.A. Assistant Vice President and Fund
Manager, Transamerica Investment Services. Member of Los Angeles Society of
Financial Analysts. M.B.A., Cornell University, 1989. B.S., California
State University at Chico, 1984. Senior Accountant, Santa Clara Savings,
1984-1987. Joined Transamerica in 1989.
Co-Manager: Rex A. Olson, C.F.A.,
Securities Analyst, Transamerica Investment Services. Member of the Los
Angeles Society of Financial Analysts. B.S. (finance), University of
Southern California. Vice President, Mitsubishi Trust, 1987-1997.
Associate, National Association of Securities Dealers, 1986-1987. Joined
Transamerica in 1997.
<PAGE>
Transamerica Premier Funds
Investor Shares
Supplement Dated June 4, 1998
to Investor Shares Prospectus Dated March 31, 1998
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 May 13, 1998.
The following replaces the last two paragraphs of the section titled "Investment
Adviser" which describe the portfolio management of the Funds.
Management decisions for each of the Funds described in this Prospectus are
made by a team of expert managers and analysts headed by team leaders
(designated as
primary managers) and their backups (designated as co-managers). The team
leaders are primarily responsible for the day-to-day decisions related to their
Fund. They are supported by the entire group of managers and analysts. A primary
manager or co-manager of any one Fund may be on another Fund team. The
transactions and performance of the Funds are reviewed periodically by the
Investment Adviser's senior officers.
Here's a listing and brief biography of the primary manager and co-managers for
each of the Funds:
Transamerica Premier Aggressive Growth Fund
and Transamerica Premier Small Company Fund Primary Manager: Philip Treick,
Vice President and Fund Manager, Transamerica Investment Services. B.S.,
University of South Florida, 1987. Financial Analyst, Raymond James
Financial Corporation, 1987-1988. Joined Transamerica in 1988. Co-Manager:
Christopher J. Bonavico, Assistant Vice President and Fund Manager,
Transamerica Investment Services. B.S., University of Delaware, 1987.
Equity Research Analyst, Salomon Brothers, 1989-1993. Business Analyst,
Planning & Financial Management, Chase Manhattan Bank, 1988-1989. Joined
Transamerica in 1993. Transamerica Premier Equity Fund Primary Manager:
Jeffrey S. Van Harte, C.F.A. Vice President and Senior Fund Manager,
Transamerica Investment Services. Member of San Francisco Society of
Financial Analysts. B.A., California State University at Fullerton, 1980.
Securities Analyst and Trader, Transamerica Investment Services, 1980-1984.
Joined Transamerica in 1980.
Co-Manager: Philip Treick (see above).
Transamerica Premier Value Fund
Primary Manager: Christopher J. Bonavico (see above).
Co-Manager: Jeffrey S. Van Harte (see above).
Transamerica Premier Index Fund Primary Manager: Lisa L. Hansen, Assistant
Vice President and Senior Trader, Transamerica Investment Services. B.A.
(biology), University of California at Santa Cruz. Senior Trader, Husic
Capital Management, 1988-1997. Assistant Vice President, Senior Trader,
Kingsley Jennison McNulty & Morse, Inc., 1979-1988. Joined Transamerica in
1997.
Co-Manager: Christopher J. Bonavico (see above).
Transamerica Premier Balanced Fund Primary Manager: Gary U. Rolle', C.F.A.,
Executive Vice President & Chief Investment Officer, Transamerica
Investment Services. Chairman & President, Transamerica Income Shares.
Chief Investment Officer of Transamerica Occidental Life and Transamerica
Life Insurance & Annuity. Former member of the Board of Governors of the
Los Angeles Society of Financial Analysts. B.S. (chemistry and economics),
University of California at Riverside. Chief Investment Officer, Kaufman &
Broad and Sun Life Insurance Company of California, 1981-1983. First
joined Transamerica in 1967. Returned to Transamerica in 1983.
Co-Manager: Stephen J. Ahearn, C.F.A., Vice President and Director of
Research, Transamerica Investment Services. B.S. (finance), Boston College
(Magna Cum Laude). Senior Associate-Municipal Bonds, General Electric
Investment Corporation, 1991-1994. Investment Analyst, General Electric
Investment Corporation 1987-1991. Financial Management Program, General
Electric Corporation, 1985-1987. Joined Transamerica in 1994.
Co-Manager: Christopher J. Bonavico (see above).
Transamerica Premier Bond Fund Primary Manager: Susan A. Silbert, C.F.A.,
Senior Vice President and Director of Fixed Income Management, Transamerica
Investment Services. Vice President of Transamerica Income Shares. Member
of the Los Angeles Society of Financial Analysts. M.B.A. (finance),
University of Southern California. B.S. (finance), University of Southern
California. Joined Transamerica in 1967.
Co-Manager: Matthew W. Kuhns, C.F.A., Vice President and Portfolio Manager,
Transamerica Investment Services. Member of the Bond Club of Los Angeles.
M.B.A. (finance), University of Southern California. B.A. (social science),
University of California, Berkeley. Assistant Vice President, First
National Bank of Chicago, 1987-1991. Assistant to the Budget Director,
University of Southern California, 1985-1986. Joined Transamerica in 1991.
Co-Manager: James J. Flick, Assistant Vice President and Portfolio Manager,
Transamerica Investment Services. M.B.A. (finance), University of Chicago.
B.S. (mechanical engineering), Ohio State University. Senior Vice
President-Fixed Income, Lehman Brothers, 1994-1995. Senior Vice
President-Fixed Income, J.P. Morgan, 1993-1994. Vice President-Fixed
Income, Citicorp Securities, 1990-1993. Associate-Fixed Income, Goldman
Sachs, 1987-1990. Engineer, Westinghouse, 1983-1986. Joined Transamerica in
1995.
Co-Manager: William A. Griffin, C.F.A., Vice President and Portfolio
Manager, Transamerica Investment Services. B.A. (history), Colgate
University. Analyst, Countrywide Funding Corporation, 1991.
Director-Mortgage Research, Mabon Nugent & Co., 1988-1990. Mortgage-backed
Options and Intermediate Mortgage Trader, Citicorp Investment Bank,
1986-1987. Mortgage-backed Trading Assistant, Dean Witter Reynolds,
1984-1986. Joined Transamerica in 1991.
Transamerica Cash Reserve Fund Primary Manager: Kevin J. Hickam, C.F.A.
Assistant Vice President and Fund Manager, Transamerica Investment
Services. Member of Los Angeles Society of Financial Analysts. M.B.A.,
Cornell University, 1989. B.S., California State University at Chico, 1984.
Senior Accountant, Santa Clara Savings, 1984-1987. Joined Transamerica in
1989.
Co-Manager: Rex A. Olson, C.F.A., Securities Analyst, Transamerica
Investment Services. Member of the Los Angeles Society of Financial
Analysts. B.S. (finance), University of Southern California. Vice
President, Mitsubishi Trust, 1987-1997. Associate, National Association of
Securities Dealers, 1986-1987. Joined Transamerica in 1997.
<PAGE>
