497

Direct Dial - (215) 564-8521

1933 Act Rule 497(c)

1933 Act File No. 333-96461

1940 Act File No. 811-09813

November 20, 2012

VIA EDGAR SUBMISSION

Filing Desk

U.S. Securities and Exchange Commission

100 F Street, NE

Washington, DC 20549

RE:	Scout Funds (“Registrant”)
	File Nos. 333-96461 and 811-09813

Dear Sir or Madam:

Enclosed for filing pursuant to Rule 497(c) under the Securities Act of 1933, as amended (the “1933 Act”), are exhibits containing interactive data format risk/return summary information that reflects the risk/return summary information for the Scout International Fund and Scout International Discovery Fund series of the Registrant in the prospectus dated October 31, 2012, as filed pursuant to Rule 497(c) under the 1933 Act on October 31, 2012 (Accession Number: 0001450791-12-000247).

Please direct any questions or comments relating to this filing to me at the above-referenced telephone number.

Very truly yours,

/s/ J. Stephen Feinour, Jr.

J. Stephen Feinour, Jr., Esquire

cc: Michael P. O’Hare, Esquire

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Scout International Discovery Fund (Prospectus Summary) | Scout International Discovery Fund

SCOUT INTERNATIONAL DISCOVERY FUND SUMMARY

Investment Objectives

The investment objective of the Scout International Discovery Fund (the "Fund")
is long-term growth of capital.

Fees and Expenses

The following tables describe the fees and expenses that you may pay if you buy
and hold shares of the Fund.

Shareholder Fees (fees paid directly from your investment)

Shareholder Fees (USD $)	Scout International Discovery Fund
Maximum Sales Charge (Load) Imposed on Purchases	none
Maximum Deferred Sales Charge (Load)	none
Maximum Sales Charge (Load) Imposed on Reinvested Dividends	none
Redemption Fee	none
Exchange Fee	none

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses		Scout International Discovery Fund
Management Fees		0.95%
Distribution (12b-1) Fees		none
Other Expenses	[1]	0.91%
Total Annual Fund Operating Expenses		1.86%
Less Advisor's Fee Waiver and/or Expense Assumption	[2]	(0.26%)
Total Annual Fund Operating Expenses (after Fee Waiver and/or Expense Assumption)		1.60%

Example:

The following example is intended to help you compare the cost of investing
in the Fund with the cost of investing in other mutual funds. The example
assumes that you invest $10,000 in the Fund for the time periods indicated
and then redeem all your shares at the end of those periods. The example
also assumes that your investment has a 5% return each year and that the
Fund's operating expenses remain the same. Please note that only the first
year in the example reflects the effect of the Advisor's contractual agreement
to limit overall Fund expenses. Although your actual costs may be higher or
lower, based on these assumptions your costs would be:

Expense Example (USD $)	Expense Example, with Redemption, 1 Year	Expense Example, with Redemption, 3 Years	Expense Example, with Redemption, 5 Years	Expense Example, with Redemption, 10 Years
Scout International Discovery Fund	163	560	982	2,159

Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it buys and sells
securities (or "turns over" its portfolio). A higher portfolio turnover rate
may indicate higher transaction costs and may result in higher taxes when Fund
shares are held in a taxable account. These costs, which are not reflected in
annual fund operating expenses or in the expense example, affect the Fund's
performance. During the most recent fiscal year, the Fund's portfolio turnover
rate was 40% of the average value of its portfolio.

Principal Investment Strategies

The Fund pursues its objective by investing, under normal circumstances, primarily
in equity securities (mostly common stocks) of smaller and mid-sized companies that
are either located outside the United States or whose primary business is carried
on outside the United States. Smaller and mid-sized companies are companies with
market capitalization (share price multiplied by number of shares outstanding),
at the time of purchase, between $500 million and $17 billion.

The equity securities in which the Fund invests include common stocks, depositary
receipts, preferred stocks, convertible securities, and warrants and other rights.
Common stock represents an ownership interest in a company and its value is based
on the success of the company's business, any income paid to shareholders, the
value of the company's assets, general market conditions and investor demand.
Depositary receipts are typically issued by banks or trust companies representing
ownership interests of securities issued by foreign companies. Preferred
stockholders typically receive greater dividends but may receive less appreciation
than common stockholders and may have different voting rights as well. Convertible
securities entitle the holder to receive interest paid or accrued on debt or the
dividend paid on preferred stock until the convertible securities mature or are
redeemed, converted or exchanged. Warrants and similar rights are privileges
issued by corporations enabling the owners to subscribe to and purchase a specified
number of shares of the corporation at a specified price during a specified period
of time. The Fund normally invests at least 80% of its net assets in equity securities.

How does the Fund choose securities in which to invest? The Fund invests in a
diversified portfolio of equity securities which, in the opinion of the Advisor,
offer good growth potential because they are expected to benefit from certain
macroeconomic or company-specific factors. The Fund also seeks to invest in
securities that are attractively priced relative to their fundamental
characteristics. The Advisor selects securities based on its opinion as to which
economic sectors have the best prospects in view of the prevailing global,
domestic and local economic conditions. The Advisor also analyzes the economic,
political and market conditions of the various countries in which the Fund may
invest.

Among the fundamental macroeconomic factors the Advisor considers are geopolitical
issues and macroeconomic issues specific to regions or nations. The Advisor also
considers certain fundamental factors that are company-specific, including cash
flow, financial strength, profitability and potential or actual catalysts that
could positively impact share prices. The Fund primarily seeks to invest in
securities of companies that are known for the quality and acceptance of their
products or services and for their ability to generate profits. In addition, the
Advisor will take country specific accounting systems and legal issues into
consideration, as well as whether more than 50% of the company's assets,
personnel, sales or earnings are located outside the United States, and
therefore whether the company's primary business is carried on outside the
United States.

The Fund's Advisor believes the intrinsic worth and consequent value of the
stock of most well-managed and successful companies does not usually change
rapidly, even though wide variations in stock prices may occur. Accordingly,
the Fund normally takes long-term positions in stocks and maintains the
positions while the companies' record and prospects continue to meet with the
Advisor's approval. However, because smaller and mid-sized companies are
generally less seasoned than larger companies, they may experience greater
volatility with regard to their fundamentals than larger companies, which
could result in higher portfolio turnover for the Fund.

The Fund intends to diversify investments among a number of countries throughout
the world. In addition, the Fund may invest a substantial portion of its assets
(more than 25%) in one or more countries if economic and business conditions
warrant such investment. The Fund will invest no more than 20% of its net assets
in investments in developing countries or emerging markets.

The Fund intends to hold some cash, short-term debt obligations, government
securities or other high-quality investments for reserves to cover redemptions
and unanticipated expenses. There may be times, however, when the Fund attempts
to respond to adverse market, economic, political or other conditions by
investing a higher percentage of its assets in cash or in those types of money
market investments for temporary defensive purposes. During those times, the
Fund may not be able to pursue its investment objective and, instead, will focus
on preserving your investment.

Main Risks

As with any mutual fund, there is a risk that you could lose money by investing
in the Fund. The shares offered by this Prospectus are not deposits or obligations
of, nor guaranteed by, UMB Bank, n.a. ("UMB") or any other banking institution.
They are not federally insured by the Federal Deposit Insurance Corporation or
any other United States government agency. These shares involve investment risks,
including the possible loss of the principal invested.

Market Risks: The Fund normally invests in equity securities. Equity securities
are subject to market, economic and business risks that will cause their prices
to fluctuate over time, sometimes rapidly and unpredictably. When the value of
the Fund's equity securities goes down, your investment in the Fund decreases in
value. Different types of investments shift in and out of favor depending on
market and economic conditions that may affect individual companies or industries,
or the securities market as a whole. At various times, stocks will be more or
less favorable than bonds, and small company stocks will be more or less
favorable than large company stocks. U.S. and international equity markets
have experienced volatility in recent years in response to economic and market
conditions. During a general downturn in the economy and securities markets,
multiple asset classes may be negatively affected. Because of this, the Fund
will perform better or worse than other types of funds depending on what is in
favor, and the value of the Fund may go down.

Mid Cap and Small Cap Company Risks: The Fund invests primarily in small and mid
cap companies. Generally, mid cap and small cap companies, which are often less
seasoned, have more potential for rapid growth. However, they often involve
greater risk than large cap companies and these risks are passed on to funds
that invest in them. These companies may not have the management experience,
financial resources, product diversification and competitive strengths of larger
companies. Therefore, the securities of mid cap and small cap companies are
generally more volatile than the securities of larger, more established companies.
Investments in the Fund may be more suitable for long-term investors who can bear
the risk of these fluctuations.

Mid cap and small cap company stocks tend to be bought and sold less often and
in smaller amounts than larger company stocks. Because of this, if the Fund
wants to sell a large quantity of a mid cap or small cap company stock, it may
have to sell at a lower price than the Advisor might prefer, or it may have to
sell in small quantities over a period of time.

While these risks cannot be eliminated, the Advisor tries to minimize risk by
diversifying the Fund's investments across different companies and economic
sectors.

International Investing Risks: International investing poses additional risks.
If a security owned by the Fund is denominated in a foreign currency, the value
of the foreign currency may fluctuate relative to the United States dollar and
cause a loss to the Fund. International markets may be subject to political
instability, which may make foreign investments more volatile than investments
in domestic markets. International markets are not always as liquid as in the
United States, sometimes making it harder to sell a security. In addition,
foreign companies may not be subject to comparable accounting, auditing and
financial reporting standards as United States companies, and therefore,
information about the foreign companies may not be readily available.

To the extent the Fund invests a significant portion of its assets in a single
country or region, the Fund may be subject to increased risk associated with the
country or region. The risks of investing in foreign securities may be increased
if the investments are located in developing countries or emerging markets.
Security prices in emerging markets can be significantly more volatile than those
in more developed markets, reflecting the greater uncertainties of investing in
less established markets and economies. These risks are inherently passed on to
the company's shareholders, including the Fund, and in turn, to the Fund's
shareholders.

As markets become more globalized, many U.S. companies are increasing
international business operations and are subject to international investing
risks. Funds that invest in larger U.S. companies are subject to some degree of
international risk as a result of these holdings and, to a lesser degree, as a
result of owning direct or indirect interests in foreign companies (typically
large multi-national companies).

Value Investing Risks: The Fund can utilize a value bias in choosing the
securities for the Fund's portfolio. A value stock is one that trades at an
attractive price relative to the company's intrinsic value. A value stock may
not increase in price as anticipated by the Advisor if other investors fail
to recognize the company's value or the factors that the Advisor believes will
increase the price of the security do not occur.

Growth Investing Risks: The Fund can utilize a "growth investing style" in
choosing securities for the Fund's portfolio. A growth stock is stock of a
company which is growing earnings and/or revenue faster than its industry or
the overall market. A slower growth or recessionary economic environment could
have an adverse effect on the price of growth stocks. Historically, growth
investments have performed best during the later stages of economic expansion.
Therefore, the growth investing style may go in and out of favor. At times
when the growth investing style used is out of favor, the Fund may underperform
other equity funds that use different investing styles.

Portfolio Turnover Risks: The Fund may experience portfolio turnover in excess
of 100%. Portfolio turnover may involve the payment by the Fund of brokerage and
other transaction costs on the sale of securities, as well as on the investment
of the proceeds in other securities. The greater the portfolio turnover, the
greater the transaction costs to the Fund, which could have an adverse effect on
the Fund's total rate of return. In addition, funds with high portfolio turnover
rates may be more likely than low-turnover funds to generate capital gains that
must be distributed to shareholders as taxable income.
  
Management Risks: The Fund is subject to management risk as an actively managed
investment portfolio and depends on the decisions of the portfolio managers to
produce the desired results.

Performance

The bar chart and table that follow provide an indication of the risks of
investing in the Fund. The bar chart shows how the Fund's returns have changed
from year to year. The table shows how the Fund's average annual returns for 1
year and since inception periods compare with those of a broad market benchmark
index, as well as an index of mutual funds with similar investment objectives.
Keep in mind that past performance (before and after taxes) is not necessarily
an indication of how the Fund will perform in the future. Updated performance
information is available at no cost by visiting www.scoutfunds.com or by
calling 1-800-996-2862.

Annual Total Return as of December 31 of Each Year

During the periods shown in the bar chart above the Fund's highest quarterly
return was 23.18% (quarter ended June 30, 2009) and the Fund's lowest quarterly
return was -19.40% (quarter ended December 31, 2008).

Year-to-date return (through September 30, 2012): 13.12%

Average Annual Total Return as of December 31, 2011

Average Annual Total Returns	Label	1 Year	Since Inception	Inception Date
Scout International Discovery Fund	Return Before Taxes	(12.92%)	(3.35%)	Dec. 31, 2007
Scout International Discovery Fund After Taxes on Distributions	Return After Taxes on Distributions	(12.80%)	(3.45%)	Dec. 31, 2007
Scout International Discovery Fund After Taxes on Distributions and Sales	Return After Taxes on Distributions and Sale of Fund Shares	(8.17%)	(2.81%)	Dec. 31, 2007
Scout International Discovery Fund MSCI EAFE SMID Index-U.S. Dollars (net)	MSCI EAFE SMID Index-U.S. Dollars (net) (reflects no deduction for fees, expenses or taxes)	(14.22%)	(5.18%)	Dec. 31, 2007
Scout International Discovery Fund Lipper International Small/Mid Growth Funds Index	Lipper International Small/Mid Growth Funds Index (reflects no deduction for fees, expenses or taxes)	(14.65%)	(6.72%)	Dec. 31, 2007

After-tax returns are calculated using the historical highest individual federal
marginal income tax rates and do not reflect the impact of state and local taxes.
Actual after-tax returns depend on your individual tax situation and may differ
from those shown. After-tax returns shown are not relevant to investors who hold
their Fund shares through tax-deferred arrangements, such as 401(k) plans or
individual retirement accounts. The return after taxes on distributions and sale
of Fund shares may be higher than the return before taxes because the calculation
assumes that shareholders receive a tax benefit for capital losses incurred on
the sale of their shares.

[1] "Other Expenses" include "Acquired Fund Fees and Expenses," which were less than 0.01% of the average net assets of the Fund.

[2] Scout Investments, Inc. (the "Advisor") has entered into an agreement to waive advisory fees and/or assume certain fund expenses through October 31, 2013 in order to limit the "Total Annual Fund Operating Expenses" (excluding any acquired fund fees and expenses, taxes, interest, brokerage fees and non-routine expenses) to no more than 1.60%. If "Total Annual Fund Operating Expenses" would fall below the expense limit, the Advisor may cause the Fund's expenses to remain at the expense limit while it is reimbursed for fees that it waived or expenses that it assumed during the three years following the end of the fiscal year in which the Advisor waived fees or assumed expenses for the Fund. This expense limitation agreement may not be terminated prior to October 31, 2013 unless the Fund's Board of Trustees (the "Board") consents to an earlier revision or termination as being in the best interests of the Fund.