TRANSAMERICA INVESTORS INC
497, 1998-05-13
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                           Transamerica Premier Funds
                              Institutional Shares

                          Supplement Dated May 13, 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.

The following information supplements the section titled "Investment Adviser."

Effective May 1, 1998, Susan A. Silbert, Senior Vice President and Head of Fixed
Income Management for Transamerica  Investment Services, has been named the team
leader for the  Transamerica  Premier  Bond Fund.  Ms.  Silbert has been Head of
Fixed Income Management since 1981 and joined Transamerica in 1967. She received
her MBA (Finance) from the University of Southern California. She is a CFA and a
member of the Los Angeles Society of Financial Analysts.

Effective  May 1, 1998,  Jeffrey S. Van Harte has been named the team leader for
the Transamerica  Premier Balanced Fund,  assuming  responsibility for the fixed
income allocation of the portfolio.


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                           Transamerica Premier Funds
                                 Investor Shares

                          Supplement Dated May 13, 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.

The following information supplements the section titled "Investment Adviser."

Effective May 1, 1998, Susan A. Silbert, Senior Vice President and Head of Fixed
Income Management for Transamerica  Investment Services, has been named the team
leader for the  Transamerica  Premier  Bond Fund.  Ms.  Silbert has been Head of
Fixed Income Management since 1981 and joined Transamerica in 1967. She received
her MBA (Finance) from the University of Southern California. She is a CFA and a
member of the Los Angeles Society of Financial Analysts.

Effective  May 1, 1998,  Jeffrey S. Van Harte has been named the team leader for
the Transamerica  Premier Balanced Fund,  assuming  responsibility for the fixed
income allocation of the portfolio.




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