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<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>MASSMUTUAL SELECT FUNDS </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Supplement dated November 16, 2012 to the </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Prospectus dated April 2, 2012 </b></font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This supplement provides new and additional information beyond that contained in the Prospectus and any previous supplements. It should be retained and read in conjunction with the Prospectus and any previous supplements. </font></p><p style="PADDING-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">SM</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"> 2010 Fund </font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2">found on page 34 under </font></i><b><i><font style="FONT-FAMILY: Times New Roman" size="2">Fees and Expenses of the Fund</font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2">: </font></i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment) </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="59%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class S</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class Y</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class L</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class A</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class N</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Management Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Distribution and Service (Rule 12b-1) Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.25%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.50%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Other Expenses</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.20%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.29%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.39%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.39%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.44%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Acquired Fund Fees and Expenses</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.59%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.59%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.59%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.59%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.59%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>Total Annual Fund Operating Expenses<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline"></sup></font></b><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)<b></b></sup><b><font style="FONT-FAMILY: Times New Roman" size="2"></font></b></font></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>.84%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>.93%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.03%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.28%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.58%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Other expenses have been restated to reflect an increase to the contractual administrative and shareholder services fees paid to MassMutual for the current fiscal year, and Acquired Fund fees and expenses of the Fund have been restated to reflect expenses for the current fiscal year. </font></p></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Because Total Annual Fund Operating Expenses include Acquired Fund fees and expenses, they may not correspond to the ratios of expenses to average daily net assets shown in the "Financial Highlights" tables in the Prospectus, which reflect the operating expenses of the Fund and do not include Acquired Fund fees and expenses. </font></p></td></tr></table> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART 2010 Fund </i></b><i>found on page 35 in the section titled </i><b><i>Principal Investment Strategies</i></b><i>: </i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The table below shows the Fund's approximate allocation, as of November 9, 2012, among various asset classes and Underlying Funds in which the Fund invests 5% or more of its assets. Other Underlying Funds in which the Fund invests are listed under "Additional Information Regarding Investment Objectives and Principal Investment Strategies" in the Fund's Prospectus. The Fund's investment adviser, MassMutual, intends to manage the Fund according to the Fund's target asset allocation strategy, and does not intend to trade actively among Underlying Funds or to attempt to capture short-term market opportunities as primary activities. MassMutual may modify the target asset allocation strategy or the selection of Underlying Funds from time to time, and may invest in other Underlying Funds, including any Underlying Funds that may be created in the future. At any given time, the Fund's asset allocation may be affected by a variety of factors (such as, for example, whether an Underlying Fund is accepting additional investments). </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="94%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Equity Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>44.3</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>—Domestic Equity Funds</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Growth (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.1</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Value (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.1</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Fixed Income & Short Term/Money Market Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>53.0</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Short-Duration Bond (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">9.9</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Inflation-Protected and Income (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">11.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Core Bond (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">18.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Other Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>2.7</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr></table><p style="MARGIN-TOP: 48px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE </b></font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>MASSMUTUAL SELECT FUNDS </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Supplement dated November 16, 2012 to the </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Prospectus dated April 2, 2012 </b></font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This supplement provides new and additional information beyond that contained in the Prospectus and any previous supplements. It should be retained and read in conjunction with the Prospectus and any previous supplements. </font></p> <p style="PADDING-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">SM</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"> Conservative Fund </font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2">found on page 4 under </font></i><b><i><font style="FONT-FAMILY: Times New Roman" size="2">Fees and Expenses of the Fund</font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2">: </font></i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment) </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="70%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class S</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class Y</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class L</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class A</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Management Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Distribution and Service (Rule 12b-1) Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.25%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Other Expenses</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.10%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.14%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.22%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.22%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Acquired Fund Fees and Expenses</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.54%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.54%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.54%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.54%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>Total Annual Fund Operating Expenses<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline"></sup></font></b><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)<b></b></sup><b><font style="FONT-FAMILY: Times New Roman" size="2"></font></b></font></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>.69%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>.73%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>.81%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.06%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Other expenses have been restated to reflect an increase to the contractual administrative and shareholder services fees paid to MassMutual for the current fiscal year, and Acquired Fund fees and expenses of the Fund have been restated to reflect expenses for the current fiscal year. </font></p></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Because Total Annual Fund Operating Expenses include Acquired Fund fees and expenses, they may not correspond to the ratios of expenses to average daily net assets shown in the "Financial Highlights" tables in the Prospectus, which reflect the operating expenses of the Fund and do not include Acquired Fund fees and expenses. </font></p></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Example </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in each share class of the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. For Class A shares, the example includes the initial sales charge. The example also assumes that your investment earns a 5% return each year and that the Fund's operating expenses are exactly as described in the preceding table. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="68%" align="center"> <tr> <td width="40%"></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td></tr> <tr> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1 Year</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>5 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>10 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class S</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">70</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">221</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">384</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">859</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class Y</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">75</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">233</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">406</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">906</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class L</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">83</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">259</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">450</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,002</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class A</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">677</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">893</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,126</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,795</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr></table> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART Conservative Fund </i></b><i>found on page 5 in the section titled </i><b><i>Principal Investment Strategies</i></b><i>: </i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The table below shows the Fund's approximate allocation, as of November 9, 2012, among various asset classes and Underlying Funds. The Fund's investment adviser, MassMutual, intends to manage the Fund according to the Fund's asset allocation strategy, and does not intend to trade actively among Underlying Funds or to attempt to capture short-term market opportunities as primary activities. MassMutual may modify the asset allocation strategy or the selection of Underlying Funds from time to time, and may invest in other Underlying Funds, including any Underlying Funds that may be created in the future. At any given time, the Fund's asset allocation may be affected by a variety of factors (such as, for example, whether an Underlying Fund is accepting additional investments). </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p><p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="94%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Equity Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>28.1</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>—Domestic Equity Funds</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Diversified Value (Brandywine Global/Loomis Sayles)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Fundamental Value (Wellington Management)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Large Cap Value (Columbia Management/Huber Capital Management)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Value (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Focused Value (Harris)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.1</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Fundamental Growth (Wellington Management)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Blue Chip Growth (T. Rowe Price)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Growth Opportunities (Sands Capital/Delaware Management)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Growth (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Mid-Cap Value (NFJ/Systematic)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Small Cap Value Equity (Wellington Management/Barrow Hanley)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Small Company Value (Federated Clover/T. Rowe Price/Earnest Partners)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">MM S&P<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">®</sup></font> Mid Cap Index (NTI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">MM Russell 2000<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">®</sup></font> Small Cap Index (NTI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Mid Cap Growth Equity II (T. Rowe Price/Frontier)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.8</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Small Cap Growth Equity (Wellington Management/Waddell & Reed/Timberline)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Small Company Growth (The Boston Company/Eagle)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.3</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Oppenheimer Real Estate (OFI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>—International/Global Equity Funds</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Diversified International (J.P. Morgan)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.0</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">MM MSCI EAFE<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">®</sup></font> International Index (NTI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Overseas (J.P. Morgan/MFS/Harris)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.4</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier International Equity (OFI Institutional)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.0</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Focused International (Baring)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.4</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Strategic Emerging Markets (Baring)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Oppenheimer Developing Markets Fund (OFI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.9</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Fixed Income & Short Term/Money Market Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>69.7</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Money Market (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.4</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Short-Duration Bond (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">16.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Inflation-Protected and Income (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">7.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Core Bond (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">27.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select PIMCO Total Return (PIMCO)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Strategic Bond (Western Asset)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4.9</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier High Yield (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.8</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier International Bond (Baring)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Other Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>2.1</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Oppenheimer Commodity Strategy Total Return (OFI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.1</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Note: the allocation percentages have been rounded to one decimal place. The allocation among equity, fixed income & short term/money market, and certain other funds therefore does not equal 100%. </font></p><p style="MARGIN-TOP: 48px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE </b></font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>MASSMUTUAL SELECT FUNDS </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Supplement dated November 16, 2012 to the </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Prospectus dated April 2, 2012 </b></font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This supplement provides new and additional information beyond that contained in the Prospectus and any previous supplements. It should be retained and read in conjunction with the Prospectus and any previous supplements. </font></p><p style="PADDING-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">SM</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"> Moderate Fund </font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2">found on page 10 under </font></i><b><i><font style="FONT-FAMILY: Times New Roman" size="2">Fees and Expenses of the Fund</font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2"></font></i><b><i><font style="FONT-FAMILY: Times New Roman" size="2">:</font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2"> </font></i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment) </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="70%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class S</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class Y</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class L</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class A</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Management Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Distribution and Service (Rule 12b-1) Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.25%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Other Expenses</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.12%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.16%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.24%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.24%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Acquired Fund Fees and Expenses</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.61%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.61%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.61%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.61%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>Total Annual Fund Operating Expenses<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline"></sup></font></b><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)<b></b></sup><b><font style="FONT-FAMILY: Times New Roman" size="2"></font></b></font></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>.78%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>.82%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>.90%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.15%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Other expenses have been restated to reflect an increase to the contractual administrative and shareholder services fees paid to MassMutual for the current fiscal year, and Acquired Fund fees and expenses of the Fund have been restated to reflect expenses for the current fiscal year. </font></p></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Because Total Annual Fund Operating Expenses include Acquired Fund fees and expenses, they may not correspond to the ratios of expenses to average daily net assets shown in the "Financial Highlights" tables in the Prospectus, which reflect the operating expenses of the Fund and do not include Acquired Fund fees and expenses. </font></p></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Example </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in each share class of the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. For Class A shares, the example includes the initial sales charge. The example also assumes that your investment earns a 5% return each year and that the Fund's operating expenses are exactly as described in the preceding table. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="68%" align="center"> <tr> <td width="40%"></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td></tr> <tr> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1 Year</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>5 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>10 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class S</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">80</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">249</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">433</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">966</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class Y</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">84</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">262</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">455</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,014</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class L</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">92</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">287</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">498</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,108</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class A</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">685</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">919</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,172</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,892</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr></table> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART Moderate Fund </i></b><i>found on page 11 in the section titled </i><b><i>Principal Investment Strategies</i></b><i></i><b><i>:</i></b><i> </i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The table below shows the Fund's approximate allocation, as of November 9, 2012, among various asset classes and Underlying Funds. The Fund's investment adviser, MassMutual, intends to manage the Fund according to the Fund's asset allocation strategy, and does not intend to trade actively among Underlying Funds or to attempt to capture short-term market opportunities as primary activities. MassMutual may modify the asset allocation strategy or the selection of Underlying Funds from time to time, and may invest in other Underlying Funds, including any Underlying Funds that may be created in the future. At any given time, the Fund's asset allocation may be affected by a variety of factors (such as, for example, whether an Underlying Fund is accepting additional investments). </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="94%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Equity Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>55.8</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>—Domestic Equity Funds</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Diversified Value (Brandywine Global/Loomis Sayles)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Fundamental Value (Wellington Management)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.0</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Large Cap Value (Columbia Management/Huber Capital Management)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Value (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.9</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Focused Value (Harris)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Fundamental Growth (Wellington Management)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Blue Chip Growth (T. Rowe Price)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Growth Opportunities (Sands Capital/Delaware Management)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Growth (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.9</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Mid-Cap Value (NFJ/Systematic)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.8</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Small Cap Value Equity (Wellington Management/Barrow Hanley)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Small Company Value (Federated Clover/T. Rowe Price/Earnest Partners)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.4</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">MM S&P<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">®</sup></font> Mid Cap Index (NTI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">MM Russell 2000<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">®</sup></font> Small Cap Index (NTI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Mid Cap Growth Equity II (T. Rowe Price/Frontier)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.8</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Small Cap Growth Equity (Wellington Management/Waddell & Reed/Timberline)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.1</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Small Company Growth (The Boston Company/Eagle)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.8</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Oppenheimer Real Estate (OFI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.3</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr></table> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="94%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>—International/Global Equity Funds</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Diversified International (J.P. Morgan)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.1</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">MM MSCI EAFE<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">®</sup></font> International Index (NTI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.4</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Overseas (J.P. Morgan/MFS/Harris)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier International Equity (OFI Institutional)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Focused International (Baring)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.9</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Strategic Emerging Markets (Baring)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.4</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Oppenheimer Developing Markets Fund (OFI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.3</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Fixed Income & Short Term/Money Market Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>41.2</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Money Market (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.1</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Short-Duration Bond (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">7.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Inflation-Protected and Income (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Core Bond (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">17.0</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select PIMCO Total Return (PIMCO)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.4</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Strategic Bond (Western Asset)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.0</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier High Yield (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.8</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier International Bond (Baring)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Other Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3.1</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Oppenheimer Commodity Strategy Total Return (OFI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.1</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Note: the allocation percentages have been rounded to one decimal place. The allocation among equity, fixed income & short term/money market, and certain other funds therefore does not equal 100%. </font></p><p style="MARGIN-TOP: 48px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE </b></font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>MASSMUTUAL SELECT FUNDS </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Supplement dated November 16, 2012 to the </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Prospectus dated April 2, 2012 </b></font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This supplement provides new and additional information beyond that contained in the Prospectus and any previous supplements. It should be retained and read in conjunction with the Prospectus and any previous supplements. </font></p><p style="PADDING-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">SM</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"> Moderate Growth Fund </font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2">found on page 16 under </font></i><b><i><font style="FONT-FAMILY: Times New Roman" size="2">Fees and Expenses of the Fund</font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2"></font></i><b><i><font style="FONT-FAMILY: Times New Roman" size="2">:</font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2"> </font></i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment) </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="70%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class S</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class Y</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class L</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class A</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Management Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Distribution and Service (Rule 12b-1) Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.25%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Other Expenses</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.14%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.18%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.26%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.26%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Acquired Fund Fees and Expenses</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.68%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.68%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.68%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.68%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>Total Annual Fund Operating Expenses<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline"></sup></font></b><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)<b></b></sup><b><font style="FONT-FAMILY: Times New Roman" size="2"></font></b></font></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>.87%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>.91%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>.99%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.24%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Other expenses have been restated to reflect an increase to the contractual administrative and shareholder services fees paid to MassMutual for the current fiscal year, and Acquired Fund fees and expenses of the Fund have been restated to reflect expenses for the current fiscal year. </font></p></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Because Total Annual Fund Operating Expenses include Acquired Fund fees and expenses, they may not correspond to the ratios of expenses to average daily net assets shown in the "Financial Highlights" tables in the Prospectus, which reflect the operating expenses of the Fund and do not include Acquired Fund fees and expenses. </font></p></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Example </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in each share class of the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. For Class A shares, the example includes the initial sales charge. The example also assumes that your investment earns a 5% return each year and that the Fund's operating expenses are exactly as described in the preceding table. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="68%" align="center"> <tr> <td width="40%"></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td></tr> <tr> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1 Year</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>5 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>10 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class S</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">89</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">278</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">482</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,073</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class Y</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">93</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">290</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">504</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,120</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class L</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">101</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">315</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">547</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,213</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class A</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">694</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">946</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,217</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,989</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr></table> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART Moderate Growth Fund </i></b><i>found on page 17 in the section titled </i><b><i>Principal Investment Strategies</i></b><i>: </i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The table below shows the Fund's approximate allocation, as of November 9, 2012, among various asset classes and Underlying Funds. The Fund's investment adviser, MassMutual, intends to manage the Fund according to the Fund's asset allocation strategy, and does not intend to trade actively among Underlying Funds or to attempt to capture short-term market opportunities as primary activities. MassMutual may modify the asset allocation strategy or the selection of Underlying Funds from time to time, and may invest in other Underlying Funds, including any Underlying Funds that may be created in the future. At any given time, the Fund's asset allocation may be affected by a variety of factors (such as, for example, whether an Underlying Fund is accepting additional investments). </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="94%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Equity Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>79.3</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>—Domestic Equity Funds</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Diversified Value (Brandywine Global/Loomis Sayles)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.1</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Fundamental Value (Wellington Management)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Large Cap Value (Columbia Management/Huber Capital Management)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Value (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">6.9</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Focused Value (Harris)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Fundamental Growth (Wellington Management)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.1</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Blue Chip Growth (T. Rowe Price)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.1</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Growth Opportunities (Sands Capital/Delaware Management)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Growth (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">6.9</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Mid-Cap Value (NFJ/Systematic)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Small Cap Value Equity (Wellington Management/Barrow Hanley)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.3</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Small Company Value (Federated Clover/T. Rowe Price/Earnest Partners)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">MM S&P<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">®</sup></font> Mid Cap Index (NTI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">MM Russell 2000<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">®</sup></font> Small Cap Index (NTI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Mid Cap Growth Equity II (T. Rowe Price/Frontier)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.3</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Small Cap Growth Equity (Wellington Management/Waddell & Reed/Timberline)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Small Company Growth (The Boston Company/Eagle)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Oppenheimer Real Estate (OFI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.9</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>—International/Global Equity Funds</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Diversified International (J.P. Morgan)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.1</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">MM MSCI EAFE<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">®</sup></font> International Index (NTI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.1</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Overseas (J.P. Morgan/MFS/Harris)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">7.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier International Equity (OFI Institutional)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Focused International (Baring)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.4</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Strategic Emerging Markets (Baring)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.4</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Oppenheimer Developing Markets Fund (OFI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.8</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Fixed Income & Short Term/Money Market Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>16.3</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Short-Duration Bond (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.3</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Inflation-Protected and Income (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Core Bond (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr></table> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="96%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select PIMCO Total Return (PIMCO)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.9</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Strategic Bond (Western Asset)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.8</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier High Yield (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4.0</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier International Bond (Baring)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Other Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>4.2</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Oppenheimer Commodity Strategy Total Return (OFI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Note: the allocation percentages have been rounded to one decimal place. The allocation among equity, fixed income & short term/money market, and certain other funds therefore does not equal 100%. </font></p><p style="MARGIN-TOP: 48px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE </b></font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>MASSMUTUAL SELECT FUNDS </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Supplement dated November 16, 2012 to the </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Prospectus dated April 2, 2012 </b></font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This supplement provides new and additional information beyond that contained in the Prospectus and any previous supplements. It should be retained and read in conjunction with the Prospectus and any previous supplements. </font></p><p style="PADDING-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">SM</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"> Growth Fund </font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2">found on page 22 under </font></i><b><i><font style="FONT-FAMILY: Times New Roman" size="2">Fees and Expenses of the Fund</font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2">: </font></i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment) </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="68%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class S</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class Y</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class L</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class A</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Management Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Distribution and Service (Rule 12b-1) Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.25%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Other Expenses</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.22%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.26%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.34%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.34%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Acquired Fund Fees and Expenses</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.72%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.72%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.72%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.72%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>Total Annual Fund Operating Expenses<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline"></sup></font></b><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)<b></b></sup><b><font style="FONT-FAMILY: Times New Roman" size="2"></font></b></font></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>.99%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.03%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.11%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.36%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Expense Reimbursement</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(.08%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">) </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(.08%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">) </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(.08%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">) </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(.08%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">) </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Total Annual Fund Operating Expenses after Expense Reimbursement</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(3)</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.91%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.95%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.03%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.28%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Other expenses have been restated to reflect an increase to the contractual administrative and shareholder services fees paid to MassMutual for the current fiscal year, and Acquired Fund fees and expenses of the Fund have been restated to reflect expenses for the current fiscal year. </font></p></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Because Total Annual Fund Operating Expenses include Acquired Fund fees and expenses, they may not correspond to the ratios of expenses to average daily net assets shown in the "Financial Highlights" tables in the Prospectus, which reflect the operating expenses of the Fund and do not include Acquired Fund fees and expenses. </font></p></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(3)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">The expenses in the above table reflect a written agreement by MassMutual to bear the expenses (other than the management, Rule 12b-1 and administrative fees, interest, taxes, brokerage commissions, extraordinary litigation and legal expenses, Acquired Fund fees and expenses, or other non-recurring or unusual expenses such as, for example, organizational expenses and shareholder meeting expenses) of Class S, Class Y, Class L, and Class A of the Fund in excess of .03% of the average daily net asset values of each such class through March 31, 2013. The agreement can only be terminated by mutual consent of the Board of Trustees on behalf of the Fund and MassMutual. </font></p></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Example </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in each share class of the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. For Class A shares, the example includes the initial sales charge. The example also assumes that your investment earns a 5% return each year and that the Fund's operating expenses are exactly as described in the preceding table. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="68%" align="center"> <tr> <td width="40%"></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td></tr> <tr> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1 Year</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>5 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>10 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class S</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">93</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">307</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">539</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,206</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class Y</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">97</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">320</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">561</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,252</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class L</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">105</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">345</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">604</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,345</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class A</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">698</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">974</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,270</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2,110</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr></table> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART Growth Fund </i></b><i>found on page 23 in the section titled </i><b><i>Principal Investment Strategies</i></b><i></i><b><i>:</i></b><i> </i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The table below shows the Fund's approximate allocation, as of November 9, 2012, among various asset classes and Underlying Funds. The Fund's investment adviser, MassMutual, intends to manage the Fund according to the Fund's asset allocation strategy, and does not intend to trade actively among Underlying Funds or to attempt to capture short-term market opportunities as primary activities. MassMutual may modify the asset allocation strategy or the selection of Underlying Funds from time to time, and may invest in other Underlying Funds, including any Underlying Funds that may be created in the future. At any given time, the Fund's asset allocation may be affected by a variety of factors (such as, for example, whether an Underlying Fund is accepting additional investments). </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="94%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Equity Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>93.0</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>—Domestic Equity Funds</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Diversified Value (Brandywine Global/Loomis Sayles)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Fundamental Value (Wellington Management)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.1</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Large Cap Value (Columbia Management/Huber Capital Management)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Value (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">6.1</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Focused Value (Harris)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.8</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Fundamental Growth (Wellington Management)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Blue Chip Growth (T. Rowe Price)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Growth Opportunities (Sands Capital/Delaware Management)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.9</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Growth (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">6.1</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Mid-Cap Value (NFJ/Systematic)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4.0</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Small Cap Value Equity (Wellington Management/Barrow Hanley)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Small Company Value (Federated Clover/T. Rowe Price/Earnest Partners)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.8</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">MM S&P<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">®</sup></font> Mid Cap Index (NTI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">MM Russell 2000<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">®</sup></font> Small Cap Index (NTI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.1</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Mid Cap Growth Equity II (T. Rowe Price/Frontier)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Small Cap Growth Equity (Wellington Management/Waddell & Reed/Timberline)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.1</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Small Company Growth (The Boston Company/Eagle)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.4</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Oppenheimer Real Estate (OFI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>—International/Global Equity Funds</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Diversified International (J.P. Morgan)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">MM MSCI EAFE<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">®</sup></font> International Index (NTI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.9</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Overseas (J.P. Morgan/MFS/Harris)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">8.9</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier International Equity (OFI Institutional)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Focused International (Baring)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Strategic Emerging Markets (Baring)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4.0</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Oppenheimer Developing Markets Fund (OFI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Fixed Income & Short Term/Money Market Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3.0</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Short-Duration Bond (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.3</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Inflation-Protected and Income (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.4</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Core Bond (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.8</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr></table> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="96%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select PIMCO Total Return (PIMCO)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Strategic Bond (Western Asset)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier High Yield (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier International Bond (Baring)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Other Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>4.3</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Oppenheimer Commodity Strategy Total Return (OFI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4.3</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Note: the allocation percentages have been rounded to one decimal place. The allocation among equity, fixed income & short term/money market, and certain other funds therefore does not equal 100%. </font></p> <p style="MARGIN-TOP: 48px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE </b></font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>MASSMUTUAL SELECT FUNDS </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Supplement dated November 16, 2012 to the </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Prospectus dated April 2, 2012 </b></font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This supplement provides new and additional information beyond that contained in the Prospectus and any previous supplements. It should be retained and read in conjunction with the Prospectus and any previous supplements. </font></p><p style="PADDING-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline"> SM</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"> In Retirement Fund </font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2">found on page 28 under </font></i><b><i><font style="FONT-FAMILY: Times New Roman" size="2">Fees and Expenses of the Fund:</font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2"> </font></i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment) </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="61%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class S</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class Y</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class L</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class A</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class N</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Management Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Distribution and Service (Rule 12b-1) Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.25%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.50%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Other Expenses</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.19%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.26%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.36%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.36%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.41%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Acquired Fund Fees and Expenses</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.57%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.57%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.57%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.57%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.57%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>Total Annual Fund Operating Expenses<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline"></sup></font></b><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)<b></b></sup><b><font style="FONT-FAMILY: Times New Roman" size="2"></font></b></font></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>.81%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>.88%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>.98%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.23%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.53%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Other expenses have been restated to reflect an increase to the contractual administrative and shareholder services fees paid to MassMutual for the current fiscal year, and Acquired Fund fees and expenses of the Fund have been restated to reflect expenses for the current fiscal year. </font></p></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Because Total Annual Fund Operating Expenses include Acquired Fund fees and expenses, they may not correspond to the ratios of expenses to average daily net assets shown in the "Financial Highlights" tables in the Prospectus, which reflect the operating expenses of the Fund and do not include Acquired Fund fees and expenses. </font></p></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Example </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in each share class of the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. For Class A shares, the example includes the initial sales charge. The example also assumes that your investment earns a 5% return each year and that the Fund's operating expenses are exactly as described in the preceding table. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="68%" align="center"> <tr> <td width="40%"></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td></tr> <tr> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1 Year</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>5 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>10 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class S</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">83</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">259</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">450</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,002</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class Y</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">90</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">281</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">488</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,084</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class L</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">100</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">312</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">542</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,201</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class A</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">693</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">943</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,212</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,978</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class N</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">256</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">483</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">834</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,824</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr></table><p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Except for Class N shares, the figures shown above would be the same whether you sold your shares at the end of a period or kept them. For Class N shares, you would pay the following expenses if you did not redeem your shares: </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="68%" align="center"> <tr> <td width="42%"></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td></tr> <tr> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1 Year</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>5 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>10 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class N</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">156</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">483</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">834</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,824</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr></table><p></p> <p style="MARGIN-TOP: 0px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART In Retirement Fund </i></b><i>found on page 29 in the section titled </i><b><i>Principal Investment Strategies</i></b><i></i><b><i>:</i></b><i> </i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The table below shows the Fund's approximate allocation, as of November 9, 2012, among various asset classes and Underlying Funds in which the Fund invests 5% or more of its assets. Other Underlying Funds in which the Fund invests are listed under "Additional Information Regarding Investment Objectives and Principal Investment Strategies" in the Fund's Prospectus. The Fund's investment adviser, MassMutual, intends to manage the Fund according to the Fund's target asset allocation strategy, and does not intend to trade actively among Underlying Funds or to attempt to capture short-term market opportunities as primary activities. MassMutual may modify the target asset allocation strategy or the selection of Underlying Funds from time to time, and may invest in other Underlying Funds, including any Underlying Funds that may be created in the future. At any given time, the Fund's asset allocation may be affected by a variety of factors (such as, for example, whether an Underlying Fund is accepting additional investments). </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="94%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Equity Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>32.9</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Fixed Income & Short Term/Money Market Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>64.5</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Short-Duration Bond (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">16.3</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Inflation-Protected and Income (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">14.4</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Core Bond (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">19.3</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Other Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>2.6</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr></table><p style="MARGIN-TOP: 48px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE </b></font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>MASSMUTUAL SELECT FUNDS </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Supplement dated November 16, 2012 to the </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Prospectus dated April 2, 2012 </b></font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This supplement provides new and additional information beyond that contained in the Prospectus and any previous supplements. It should be retained and read in conjunction with the Prospectus and any previous supplements. </font></p><p style="PADDING-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART 2015<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">SM</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"> Fund </font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2">found on page 40 under </font></i><b><i><font style="FONT-FAMILY: Times New Roman" size="2">Fees and Expenses of the Fund</font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2"></font></i><b><i><font style="FONT-FAMILY: Times New Roman" size="2">:</font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2"> </font></i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment) </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="68%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class S</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class Y</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class L</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class A</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Management Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Distribution and Service (Rule 12b-1) Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.25%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Other Expenses</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.94%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.03%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.13%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.13%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Acquired Fund Fees and Expenses</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.62%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.62%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.62%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.62%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>Total Annual Fund Operating Expenses<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline"></sup></font></b><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)<b></b></sup><b><font style="FONT-FAMILY: Times New Roman" size="2"></font></b></font></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>2.61%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>2.70%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>2.80%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3.05%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Expense Reimbursement</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(1.89%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">) </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(1.93%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">) </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(1.93%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">) </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(1.93%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">) </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Total Annual Fund Operating Expenses after Expense Reimbursement</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(3)</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.72%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.77%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.87%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.12%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Other expenses have been restated to reflect an increase to the contractual administrative and shareholder services fees paid to MassMutual for the current fiscal year, and Acquired Fund fees and expenses of the Fund have been restated to reflect expenses for the current fiscal year. </font></p></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Because Total Annual Fund Operating Expenses include Acquired Fund fees and expenses, they may not correspond to the ratios of expenses to average daily net assets shown in the "Financial Highlights" tables in the Prospectus, which reflect the operating expenses of the Fund and do not include Acquired Fund fees and expenses. </font></p></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(3)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">The expenses in the above table reflect a written agreement by MassMutual to cap the fees and expenses of the Fund (other than extraordinary litigation and legal expenses, Acquired Fund fees and expenses, interest expense, short sale dividend and loan expense, or other non-recurring or unusual expenses such as, for example, organizational expenses and shareholder meeting expenses) through March 31, 2013, to the extent that Total Annual Fund Operating Expenses after Expense Reimbursement would otherwise exceed .10%, .15%, .25%, and .50% for Classes S, Y, L, and A, respectively. The Total Annual Fund Operating Expenses after Expense Reimbursement shown in the above table may exceed these amounts, because, as noted in the previous sentence, certain fees and expenses are excluded from the cap. The agreement can only be terminated by mutual consent of the Board of Trustees on behalf of the Fund and MassMutual. </font></p></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Example </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in each share class of the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. For Class A shares, the example includes the initial sales charge. The example also assumes that your investment earns a 5% return each year and that the Fund's operating expenses are exactly as described in the preceding table. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="68%" align="center"> <tr> <td width="42%"></td> <td valign="bottom" width="9%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="9%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="9%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="9%"></td> <td></td> <td></td> <td></td></tr> <tr> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1 Year</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>5 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>10 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class S</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">74</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">631</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,215</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2,803</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class Y</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">79</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">654</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,257</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2,889</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class L</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">89</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">685</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,307</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2,988</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class A</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">683</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,292</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,924</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3,618</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr></table> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART 2015 Fund </i></b><i>found on page 41 in the section titled </i><b><i>Principal Investment Strategies</i></b><i></i><b><i>:</i></b><i> </i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The table below shows the Fund's approximate allocation, as of November 9, 2012, among various asset classes and Underlying Funds in which the Fund invests 5% or more of its assets. Other Underlying Funds in which the Fund invests are listed under "Additional Information Regarding Investment Objectives and Principal Investment Strategies" in the Fund's Prospectus. The Fund's investment adviser, MassMutual, intends to manage the Fund according to the Fund's target asset allocation strategy, and does not intend to trade actively among Underlying Funds or to attempt to capture short-term market opportunities as primary activities. MassMutual may modify the target asset allocation strategy or the selection of Underlying Funds from time to time, and may invest in other Underlying Funds, including any Underlying Funds that may be created in the future. At any given time, the Fund's asset allocation may be affected by a variety of factors (such as, for example, whether an Underlying Fund is accepting additional investments). </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="94%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Equity Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>56.1</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>—Domestic Equity Funds</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Growth (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.9</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Value (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.9</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>—International Equity Funds</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Overseas (J.P. Morgan/MFS/Harris)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Fixed Income & Short Term/Money Market Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>40.8</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Short-Duration Bond (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">7.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Inflation-Protected and Income (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">8.9</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Core Bond (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">13.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Other Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3.2</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr></table><p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Note: the allocation percentages have been rounded to one decimal place. The allocation among equity, fixed income & short term/money market, and certain other funds therefore does not equal 100%. </font></p> <p style="MARGIN-TOP: 48px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE </b></font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>MASSMUTUAL SELECT FUNDS </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Supplement dated November 16, 2012 to the </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Prospectus dated April 2, 2012 </b></font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This supplement provides new and additional information beyond that contained in the Prospectus and any previous supplements. It should be retained and read in conjunction with the Prospectus and any previous supplements. </font></p> <p style="PADDING-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">SM</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"> 2020 Fund </font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2">found on page 46 under </font></i><b><i><font style="FONT-FAMILY: Times New Roman" size="2">Fees and Expenses of the Fund</font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2">: </font></i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment) </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="59%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class S</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class Y</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class L</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class A</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class N</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Management Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Distribution and Service (Rule 12b-1) Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.25%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.50%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Other Expenses</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.18%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.27%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.37%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.37%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.42%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Acquired Fund Fees and Expenses</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.65%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.65%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.65%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.65%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.65%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>Total Annual Fund Operating Expenses<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline"></sup></font></b><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)<b></b></sup><b><font style="FONT-FAMILY: Times New Roman" size="2"></font></b></font></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>.88%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>.97%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.07%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.32%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.62%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Other expenses have been restated to reflect an increase to the contractual administrative and shareholder services fees paid to MassMutual for the current fiscal year, and Acquired Fund fees and expenses of the Fund have been restated to reflect expenses for the current fiscal year. </font></p></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Because Total Annual Fund Operating Expenses include Acquired Fund fees and expenses, they may not correspond to the ratios of expenses to average daily net assets shown in the "Financial Highlights" tables in the Prospectus, which reflect the operating expenses of the Fund and do not include Acquired Fund fees and expenses. </font></p></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Example </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in each share class of the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. For Class A shares, the example includes the initial sales charge. The example also assumes that your investment earns a 5% return each year and that the Fund's operating expenses are exactly as described in the preceding table. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="68%" align="center"> <tr> <td width="40%"></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td></tr> <tr> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1 Year</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>5 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>10 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class S</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">90</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">281</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">488</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,084</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class Y</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">99</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">309</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">536</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,190</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class L</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">109</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">340</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">590</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,306</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class A</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">702</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">969</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,257</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2,074</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class N</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">265</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">511</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">881</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,922</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Except for Class N shares, the figures shown above would be the same whether you sold your shares at the end of a period or kept them. For Class N shares, you would pay the following expenses if you did not redeem your shares: </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="68%" align="center"> <tr> <td width="42%"></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td></tr> <tr> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1 Year</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>5 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>10 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class N</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">165</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">511</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">881</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,922</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr></table> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART 2020 Fund </i></b><i>found on page 47 in the section titled </i><b><i>Principal Investment Strategies</i></b><i>: </i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The table below shows the Fund's approximate allocation, as of November 9, 2012, among various asset classes and Underlying Funds in which the Fund invests 5% or more of its assets. Other Underlying Funds in which the Fund invests are listed under "Additional Information Regarding Investment Objectives and Principal Investment Strategies" in the Fund's Prospectus. The Fund's investment adviser, MassMutual, intends to manage the Fund according to the Fund's target asset allocation strategy, and does not intend to trade actively among Underlying Funds or to attempt to capture short-term market opportunities as primary activities. MassMutual may modify the target asset allocation strategy or the selection of Underlying Funds from time to time, and may invest in other Underlying Funds, including any Underlying Funds that may be created in the future. At any given time, the Fund's asset allocation may be affected by a variety of factors (such as, for example, whether an Underlying Fund is accepting additional investments). </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="94%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Equity Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>67.3</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>—Domestic Equity Funds</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Growth (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">6.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Value (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">6.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>—International Equity Funds</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Overseas (J.P. Morgan/MFS/Harris)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">6.3</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Fixed Income & Short Term/Money Market Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>29.1</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Inflation-Protected and Income (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">6.0</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Core Bond (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">8.4</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Other Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3.6</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr></table> <p style="MARGIN-TOP: 48px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE </b></font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>MASSMUTUAL SELECT FUNDS </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Supplement dated November 16, 2012 to the </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Prospectus dated April 2, 2012 </b></font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This supplement provides new and additional information beyond that contained in the Prospectus and any previous supplements. It should be retained and read in conjunction with the Prospectus and any previous supplements. </font></p><p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p><p style="PADDING-BOTTOM: 0px; MARGIN-TOP: 0px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">SM</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"> 2025 Fund </font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2">found on page 52 under </font></i><b><i><font style="FONT-FAMILY: Times New Roman" size="2">Fees and Expenses of the Fund</font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2"></font></i><b><i><font style="FONT-FAMILY: Times New Roman" size="2">:</font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2"> </font></i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment) </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="68%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class S</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class Y</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class L</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class A</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Management Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Distribution and Service (Rule 12b-1) Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.25%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Other Expenses</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.34%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.43%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.53%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.53%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Acquired Fund Fees and Expenses</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.67%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.67%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.67%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.67%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>Total Annual Fund Operating Expenses<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline"></sup></font></b><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)<b></b></sup><b><font style="FONT-FAMILY: Times New Roman" size="2"></font></b></font></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3.06%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3.15%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3.25%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3.50%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Expense Reimbursement</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(2.29%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">) </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(2.33%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">) </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(2.33%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">) </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(2.33%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">) </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Total Annual Fund Operating Expenses after Expense Reimbursement</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(3)</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.77%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.82%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.92%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.17%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Other expenses have been restated to reflect an increase to the contractual administrative and shareholder services fees paid to MassMutual for the current fiscal year, and Acquired Fund fees and expenses of the Fund have been restated to reflect expenses for the current fiscal year. </font></p></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Because Total Annual Fund Operating Expenses include Acquired Fund fees and expenses, they may not correspond to the ratios of expenses to average daily net assets shown in the "Financial Highlights" tables in the Prospectus, which reflect the operating expenses of the Fund and do not include Acquired Fund fees and expenses. </font></p></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(3)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">The expenses in the above table reflect a written agreement by MassMutual to cap the fees and expenses of the Fund (other than extraordinary litigation and legal expenses, Acquired Fund fees and expenses, interest expense, short sale dividend and loan expense, or other non-recurring or unusual expenses such as, for example, organizational expenses and shareholder meeting expenses) through March 31, 2013, to the extent that Total Annual Fund Operating Expenses after Expense Reimbursement would otherwise exceed .10%, .15%, .25%, and .50% for Classes S, Y, L, and A, respectively. The Total Annual Fund Operating Expenses after Expense Reimbursement shown in the above table may exceed these amounts, because, as noted in the previous sentence, certain fees and expenses are excluded from the cap. The agreement can only be terminated by mutual consent of the Board of Trustees on behalf of the Fund and MassMutual. </font></p></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Example </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in each share class of the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. For Class A shares, the example includes the initial sales charge. The example also assumes that your investment earns a 5% return each year and that the Fund's operating expenses are exactly as described in the preceding table. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="68%" align="center"> <tr> <td width="42%"></td> <td valign="bottom" width="9%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="9%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="9%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="9%"></td> <td></td> <td></td> <td></td></tr> <tr> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1 Year</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>5 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>10 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class S</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">79</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">729</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,405</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3,212</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class Y</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">84</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">752</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,446</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3,295</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class L</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">94</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">782</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,495</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3,389</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class A</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">687</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,383</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2,099</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3,986</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr></table> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART 2025 Fund </i></b><i>found on page 53 in the section titled </i><b><i>Principal Investment Strategies</i></b><i></i><b><i>:</i></b><i> </i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The table below shows the Fund's approximate allocation, as of November 9, 2012, among various asset classes and Underlying Funds in which the Fund invests 5% or more of its assets. Other Underlying Funds in which the Fund invests are listed under "Additional Information Regarding Investment Objectives and Principal Investment Strategies" in the Fund's Prospectus. The Fund's investment adviser, MassMutual, intends to manage the Fund according to the Fund's target asset allocation strategy, and does not intend to trade actively among Underlying Funds or to attempt to capture short-term market opportunities as primary activities. MassMutual may modify the target asset allocation strategy or the selection of Underlying Funds from time to time, and may invest in other Underlying Funds, including any Underlying Funds that may be created in the future. At any given time, the Fund's asset allocation may be affected by a variety of factors (such as, for example, whether an Underlying Fund is accepting additional investments). </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="94%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Equity Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>74.7</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>—Domestic Equity Funds</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Growth (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">6.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Value (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">6.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>—International Equity Funds</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Overseas (J.P. Morgan/MFS/Harris)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">7.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Fixed Income & Short Term/Money Market Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>21.4</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Core Bond Fund (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.0</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Other Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>4.0</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Note: the allocation percentages have been rounded to one decimal place. The allocation among equity, fixed income & short term/money market, and certain other funds therefore does not equal 100%. </font></p><p style="MARGIN-TOP: 48px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE </b></font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>MASSMUTUAL SELECT FUNDS </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Supplement dated November 16, 2012 to the </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Prospectus dated April 2, 2012 </b></font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This supplement provides new and additional information beyond that contained in the Prospectus and any previous supplements. It should be retained and read in conjunction with the Prospectus and any previous supplements. </font></p><p style="PADDING-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">SM</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"> 2030 Fund </font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2">found on page 58 under </font></i><b><i><font style="FONT-FAMILY: Times New Roman" size="2">Fees and Expenses of the Fund</font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2"></font></i><b><i><font style="FONT-FAMILY: Times New Roman" size="2">:</font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2"> </font></i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment) </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="62%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class S</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class Y</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class L</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class A</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class N</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Management Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Distribution and Service (Rule 12b-1) Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.25%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.50%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Other Expenses</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.18%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.27%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.37%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.37%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.42%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Acquired Fund Fees and Expenses</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.69%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.69%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.69%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.69%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.69%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>Total Annual Fund Operating Expenses<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline"></sup></font></b><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)<b></b></sup><b><font style="FONT-FAMILY: Times New Roman" size="2"></font></b></font></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>.92%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.01%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.11%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.36%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.66%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Other expenses have been restated to reflect an increase to the contractual administrative and shareholder services fees paid to MassMutual for the current fiscal year, and Acquired Fund fees and expenses of the Fund have been restated to reflect expenses for the current fiscal year. </font></p></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Because Total Annual Fund Operating Expenses include Acquired Fund fees and expenses, they may not correspond to the ratios of expenses to average daily net assets shown in the "Financial Highlights" tables in the Prospectus, which reflect the operating expenses of the Fund and do not include Acquired Fund fees and expenses. </font></p></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Example </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in each share class of the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. For Class A shares, the example includes the initial sales charge. The example also assumes that your investment earns a 5% return each year and that the Fund's operating expenses are exactly as described in the preceding table. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="68%" align="center"> <tr> <td width="40%"></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td></tr> <tr> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1 Year</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>5 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>10 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class S</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">94</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">293</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">509</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,131</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class Y</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">103</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">322</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">558</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,236</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class L</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">113</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">353</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">612</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,352</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class A</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">706</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">981</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,277</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2,116</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class N</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">269</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">523</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">902</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,965</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Except for Class N shares, the figures shown above would be the same whether you sold your shares at the end of a period or kept them. For Class N shares, you would pay the following expenses if you did not redeem your shares: </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="68%" align="center"> <tr> <td width="42%"></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td></tr> <tr> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1 Year</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>5 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>10 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class N</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">169</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">523</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">902</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,965</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr></table> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART 2030 Fund </i></b><i>found on page 59 in the section titled </i><b><i>Principal Investment Strategies</i></b><i></i><b><i>:</i></b><i> </i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The table below shows the Fund's approximate allocation, as of November 9, 2012, among various asset classes and Underlying Funds in which the Fund invests 5% or more of its assets. Other Underlying Funds in which the Fund invests are listed under "Additional Information Regarding Investment Objectives and Principal Investment Strategies" in the Fund's Prospectus. The Fund's investment adviser, MassMutual, intends to manage the Fund according to the Fund's target asset allocation strategy, and does not intend to trade actively among Underlying Funds or to attempt to capture short-term market opportunities as primary activities. MassMutual may modify the target asset allocation strategy or the selection of Underlying Funds from time to time, and may invest in other Underlying Funds, including any Underlying Funds that may be created in the future. At any given time, the Fund's asset allocation may be affected by a variety of factors (such as, for example, whether an Underlying Fund is accepting additional investments). </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="94%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Equity Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>80.1</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>—Domestic Equity Funds</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Growth (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">6.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Value (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">6.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>—International Equity Funds</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Overseas (J.P. Morgan/MFS/Harris)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">7.8</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">MM MSCI EAFE<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">®</sup></font> International Index (NTI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.1</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Fixed Income & Short Term/Money Market Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>15.9</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Other Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>4.1</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Note: the allocation percentages have been rounded to one decimal place. The allocation among equity, fixed income & short term/money market, and certain other funds therefore does not equal 100%. </font></p> <p style="MARGIN-TOP: 48px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE </b></font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>MASSMUTUAL SELECT FUNDS </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Supplement dated November 16, 2012 to the </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Prospectus dated April 2, 2012 </b></font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This supplement provides new and additional information beyond that contained in the Prospectus and any previous supplements. It should be retained and read in conjunction with the Prospectus and any previous supplements. </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></p> <p style="PADDING-BOTTOM: 0px; MARGIN-TOP: 0px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">SM</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"> 2035 Fund </font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2">found on page 64 under </font></i><b><i><font style="FONT-FAMILY: Times New Roman" size="2">Fees and Expenses of the Fund</font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2"></font></i><b><i><font style="FONT-FAMILY: Times New Roman" size="2">:</font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2"> </font></i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment) </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="68%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class S</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class Y</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class L</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class A</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Management Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Distribution and Service (Rule 12b-1) Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.25%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Other Expenses</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.68%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.77%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.87%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.87%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Acquired Fund Fees and Expenses</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.69%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.69%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.69%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.69%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>Total Annual Fund Operating Expenses<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline"></sup></font></b><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)<b></b></sup><b><font style="FONT-FAMILY: Times New Roman" size="2"></font></b></font></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3.42%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3.51%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3.61%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3.86%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Expense Reimbursement</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(2.63%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">) </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(2.67%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">) </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(2.67%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">) </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(2.67%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">) </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Total Annual Fund Operating Expenses after Expense Reimbursement</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(3)</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.79%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.84%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.94%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.19%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Other expenses have been restated to reflect an increase to the contractual administrative and shareholder services fees paid to MassMutual for the current fiscal year, and Acquired Fund fees and expenses of the Fund have been restated to reflect expenses for the current fiscal year. </font></p></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Because Total Annual Fund Operating Expenses include Acquired Fund fees and expenses, they may not correspond to the ratios of expenses to average daily net assets shown in the "Financial Highlights" tables in the Prospectus, which reflect the operating expenses of the Fund and do not include Acquired Fund fees and expenses. </font></p></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(3)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">The expenses in the above table reflect a written agreement by MassMutual to cap the fees and expenses of the Fund (other than extraordinary litigation and legal expenses, Acquired Fund fees and expenses, interest expense, short sale dividend and loan expense, or other non-recurring or unusual expenses such as, for example, organizational expenses and shareholder meeting expenses) through March 31, 2013, to the extent that Total Annual Fund Operating Expenses after Expense Reimbursement would otherwise exceed .10%, .15%, .25%, and .50% for Classes S, Y, L, and A, respectively. The Total Annual Fund Operating Expenses after Expense Reimbursement shown in the above table may exceed these amounts, because, as noted in the previous sentence, certain fees and expenses are excluded from the cap. The agreement can only be terminated by mutual consent of the Board of Trustees on behalf of the Fund and MassMutual. </font></p></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Example </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in each share class of the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. For Class A shares, the example includes the initial sales charge. The example also assumes that your investment earns a 5% return each year and that the Fund's operating expenses are exactly as described in the preceding table. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="68%" align="center"> <tr> <td width="42%"></td> <td valign="bottom" width="9%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="9%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="9%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="9%"></td> <td></td> <td></td> <td></td></tr> <tr> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1 Year</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>5 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>10 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class S</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">81</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">805</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,552</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3,526</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class Y</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">86</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">828</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,592</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3,605</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class L</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">96</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">858</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,641</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3,696</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class A</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">689</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,453</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2,235</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4,268</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr></table> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART 2035 Fund </i></b><i>found on page 65 in the section titled </i><b><i>Principal Investment Strategies</i></b><i></i><b><i>:</i></b><i> </i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The table below shows the Fund's approximate allocation, as of November 9, 2012, among various asset classes and Underlying Funds in which the Fund invests 5% or more of its assets. Other Underlying Funds in which the Fund invests are listed under "Additional Information Regarding Investment Objectives and Principal Investment Strategies" in the Fund's Prospectus. The Fund's investment adviser, MassMutual, intends to manage the Fund according to the Fund's target asset allocation strategy, and does not intend to trade actively among Underlying Funds or to attempt to capture short-term market opportunities as primary activities. MassMutual may modify the target asset allocation strategy or the selection of Underlying Funds from time to time, and may invest in other Underlying Funds, including any Underlying Funds that may be created in the future. At any given time, the Fund's asset allocation may be affected by a variety of factors (such as, for example, whether an Underlying Fund is accepting additional investments). </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="94%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Equity Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>82.6</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>—Domestic Equity Funds</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Growth (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">6.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Value (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">6.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>—International Equity Funds</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Overseas (J.P. Morgan/MFS/Harris)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">8.0</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">MM MSCI EAFE<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">®</sup></font> International Index (NTI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.3</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Fixed Income & Short Term/Money Market Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>13.4</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Other Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>4.1</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Note: the allocation percentages have been rounded to one decimal place. The allocation among equity, fixed income & short term/money market, and certain other funds therefore does not equal 100%. </font></p><p style="MARGIN-TOP: 48px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE </b></font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>MASSMUTUAL SELECT FUNDS </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Supplement dated November 16, 2012 to the </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Prospectus dated April 2, 2012 </b></font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This supplement provides new and additional information beyond that contained in the Prospectus and any previous supplements. It should be retained and read in conjunction with the Prospectus and any previous supplements. </font></p> <p style="PADDING-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">SM</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"> 2040 Fund </font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2">found on page 70 under </font></i><b><i><font style="FONT-FAMILY: Times New Roman" size="2">Fees and Expenses of the Fund</font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2"></font></i><b><i><font style="FONT-FAMILY: Times New Roman" size="2">:</font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2"> </font></i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment) </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="62%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class S</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class Y</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class L</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class A</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class N</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Management Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Distribution and Service (Rule 12b-1) Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.25%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.50%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Other Expenses</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.20%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.29%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.39%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.39%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.44%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Acquired Fund Fees and Expenses</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.70%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.70%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.70%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.70%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.70%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>Total Annual Fund Operating Expenses<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline"></sup></font></b><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)<b></b></sup><b><font style="FONT-FAMILY: Times New Roman" size="2"></font></b></font></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>.95%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.04%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.14%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.39%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.69%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Other expenses have been restated to reflect an increase to the contractual administrative and shareholder services fees paid to MassMutual for the current fiscal year, and Acquired Fund fees and expenses of the Fund have been restated to reflect expenses for the current fiscal year. </font></p></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Because Total Annual Fund Operating Expenses include Acquired Fund fees and expenses, they may not correspond to the ratios of expenses to average daily net assets shown in the "Financial Highlights" tables in the Prospectus, which reflect the operating expenses of the Fund and do not include Acquired Fund fees and expenses. </font></p></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Example </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in each share class of the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. For Class A shares, the example includes the initial sales charge. The example also assumes that your investment earns a 5% return each year and that the Fund's operating expenses are exactly as described in the preceding table. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="68%" align="center"> <tr> <td width="40%"></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td></tr> <tr> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1 Year</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>5 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>10 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class S</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">97</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">303</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">525</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,166</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class Y</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">106</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">331</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">574</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,271</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class L</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">116</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">362</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">628</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,386</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class A</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">708</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">990</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,292</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2,148</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class N</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">272</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">533</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">918</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,998</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Except for Class N shares, the figures shown above would be the same whether you sold your shares at the end of a period or kept them. For Class N shares, you would pay the following expenses if you did not redeem your shares: </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="68%" align="center"> <tr> <td width="42%"></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td></tr> <tr> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1 Year</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>5 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>10 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class N</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">172</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">533</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">918</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,998</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr></table> <p style="PADDING-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART </i></b><i></i><b><i>2040 Fund</i></b><i> found on page 71 in the section titled </i><b><i>Principal Investment Strategies</i></b><i></i><b><i>:</i></b><i> </i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The table below shows the Fund's approximate allocation, as of November 9, 2012, among various asset classes and Underlying Funds in which the Fund invests 5% or more of its assets. Other Underlying Funds in which the Fund invests are listed under "Additional Information Regarding Investment Objectives and Principal Investment Strategies" in the Fund's Prospectus. The Fund's investment adviser, MassMutual, intends to manage the Fund according to the Fund's target asset allocation strategy, and does not intend to trade actively among Underlying Funds or to attempt to capture short-term market opportunities as primary activities. MassMutual may modify the target asset allocation strategy or the selection of Underlying Funds from time to time, and may invest in other Underlying Funds, including any Underlying Funds that may be created in the future. At any given time, the Fund's asset allocation may be affected by a variety of factors (such as, for example, whether an Underlying Fund is accepting additional investments). </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="94%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Equity Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>84.0</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>—Domestic Equity Funds</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Growth (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Value (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>—International Equity Funds</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Overseas (J.P. Morgan/MFS/Harris)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">8.0</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">MM MSCI EAFE<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">®</sup></font> International Index (NTI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.3</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Fixed Income & Short Term/Money Market Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>12.1</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Other Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>4.0</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Note: the allocation percentages have been rounded to one decimal place. The allocation among equity, fixed income & short term/money market, and certain other funds therefore does not equal 100%. </font></p><p style="MARGIN-TOP: 48px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE </b></font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>MASSMUTUAL SELECT FUNDS </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Supplement dated November 16, 2012 to the </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Prospectus dated April 2, 2012 </b></font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This supplement provides new and additional information beyond that contained in the Prospectus and any previous supplements. It should be retained and read in conjunction with the Prospectus and any previous supplements. </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></p> <p style="PADDING-BOTTOM: 0px; MARGIN-TOP: 0px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">SM</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"> 2045 Fund </font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2">found on page 76 under </font></i><b><i><font style="FONT-FAMILY: Times New Roman" size="2">Fees and Expenses of the Fund</font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2"></font></i><b><i><font style="FONT-FAMILY: Times New Roman" size="2">:</font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2"> </font></i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment) </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="68%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class S</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class Y</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class L</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class A</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Management Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Distribution and Service (Rule 12b-1) Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.25%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Other Expenses</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4.06%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4.15%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4.25%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4.25%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Acquired Fund Fees and Expenses</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.71%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.71%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.71%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.71%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>Total Annual Fund Operating Expenses<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline"></sup></font></b><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)<b></b></sup><b><font style="FONT-FAMILY: Times New Roman" size="2"></font></b></font></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>4.82%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>4.91%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>5.01%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>5.26%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Expense Reimbursement</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(4.01%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">) </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(4.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">) </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(4.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">) </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(4.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">) </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Total Annual Fund Operating Expenses after Expense Reimbursement</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(3)</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.81%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.86%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.96%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.21%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline"></sup></font><font style="FONT-FAMILY: Times New Roman" size="2">Other expenses have been restated to reflect an increase to the contractual administrative and shareholder services fees paid to MassMutual for the current fiscal year, and Acquired Fund fees and expenses of the Fund have been restated to reflect expenses for the current fiscal year. </font></p></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)</sup></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline"></sup></font><font style="FONT-FAMILY: Times New Roman" size="2">Because Total Annual Fund Operating Expenses include Acquired Fund fees and expenses, they may not correspond to the ratios of expenses to average daily net assets shown in the "Financial Highlights" tables in the Prospectus, which reflect the operating expenses of the Fund and do not include Acquired Fund fees and expenses. </font></p></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(3)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">The expenses in the above table reflect a written agreement by MassMutual to cap the fees and expenses of the Fund (other than extraordinary litigation and legal expenses, Acquired Fund fees and expenses, interest expense, short sale dividend and loan expense, or other non-recurring or unusual expenses such as, for example, organizational expenses and shareholder meeting expenses) through March 31, 2013, to the extent that Total Annual Fund Operating Expenses after Expense Reimbursement would otherwise exceed .10%, .15%, .25%, and .50% for Classes S, Y, L, and A, respectively. The Total Annual Fund Operating Expenses after Expense Reimbursement shown in the above table may exceed these amounts, because, as noted in the previous sentence, certain fees and expenses are excluded from the cap. The agreement can only be terminated by mutual consent of the Board of Trustees on behalf of the Fund and MassMutual. </font></p></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Example </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in each share class of the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. For Class A shares, the example includes the initial sales charge. The example also assumes that your investment earns a 5% return each year and that the Fund's operating expenses are exactly as described in the preceding table. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="68%" align="center"> <tr> <td width="42%"></td> <td valign="bottom" width="9%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="9%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="9%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="9%"></td> <td></td> <td></td> <td></td></tr> <tr> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1 Year</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>5 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>10 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class S</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">83</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,089</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2,099</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4,639</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class Y</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">88</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,111</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2,137</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4,708</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class L</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">98</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,140</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2,182</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4,787</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class A</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">691</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,718</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2,739</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5,268</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr></table> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART 2045 Fund </i></b><i>found on page 77 in the section titled </i><b><i>Principal Investment Strategies</i></b><i></i><b><i>:</i></b><i> </i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The table below shows the Fund's approximate allocation, as of November 9, 2012, among various asset classes and Underlying Funds in which the Fund invests 5% or more of its assets. Other Underlying Funds in which the Fund invests are listed under "Additional Information Regarding Investment Objectives and Principal Investment Strategies" in the Fund's Prospectus. The Fund's investment adviser, MassMutual, intends to manage the Fund according to the Fund's target asset allocation strategy, and does not intend to trade actively among Underlying Funds or to attempt to capture short-term market opportunities as primary activities. MassMutual may modify the target asset allocation strategy or the selection of Underlying Funds from time to time, and may invest in other Underlying Funds, including any Underlying Funds that may be created in the future. At any given time, the Fund's asset allocation may be affected by a variety of factors (such as, for example, whether an Underlying Fund is accepting additional investments). </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="94%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Equity Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>90.8</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>—Domestic Equity Funds</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Fundamental Value (Wellington Management )</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.0</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Growth (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">6.0</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Value (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.9</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>—International Equity Funds</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Overseas (J.P. Morgan/MFS/Harris)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">8.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">MM MSCI EAFE<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">®</sup></font> International Index (NTI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Fixed Income & Short Term/Money Market Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>5.0</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Other Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>4.2</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr></table> <p style="MARGIN-TOP: 48px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE </b></font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>MASSMUTUAL SELECT FUNDS </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Supplement dated November 16, 2012 to the </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Prospectus dated April 2, 2012 </b></font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This supplement provides new and additional information beyond that contained in the Prospectus and any previous supplements. It should be retained and read in conjunction with the Prospectus and any previous supplements. </font></p> <p style="PADDING-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">SM</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"> 2050 Fund </font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2">found on page 82 under </font></i><b><i><font style="FONT-FAMILY: Times New Roman" size="2">Fees and Expenses of the Fund</font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2"></font></i><b><i><font style="FONT-FAMILY: Times New Roman" size="2">:</font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2"> </font></i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment) </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="60%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class S</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class Y</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class L</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class A</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class N</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Management Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Distribution and Service (Rule 12b-1) Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.25%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.50%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Other Expenses</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.32%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.41%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.51%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.51%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.56%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Acquired Fund Fees and Expenses</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.71%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.71%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.71%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.71%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.71%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>Total Annual Fund Operating Expenses<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline"></sup></font></b><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)<b></b></sup><b><font style="FONT-FAMILY: Times New Roman" size="2"></font></b></font></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.08%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.17%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.27%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.52%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.82%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Expense Reimbursement</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(.27%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">) </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(.31%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">) </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(.31%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">) </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(.31%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">) </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(.31%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">) </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Total Annual Fund Operating Expenses after Expense Reimbursement</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(3)</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.81%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.86%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.96%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.21%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.51%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Other expenses have been restated to reflect an increase to the contractual administrative and shareholder services fees paid to MassMutual for the current fiscal year, and Acquired Fund fees and expenses of the Fund have been restated to reflect expenses for the current fiscal year. </font></p></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Because Total Annual Fund Operating Expenses include Acquired Fund fees and expenses, they may not correspond to the ratios of expenses to average daily net assets shown in the "Financial Highlights" tables in the Prospectus, which reflect the operating expenses of the Fund and do not include Acquired Fund fees and expenses. </font></p></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(3)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">The expenses in the above table reflect a written agreement by MassMutual to cap the fees and expenses of the Fund (other than extraordinary litigation and legal expenses, Acquired Fund fees and expenses, interest expense, short sale dividend and loan expense, or other non-recurring or unusual expenses such as, for example, organizational expenses and shareholder meeting expenses) through March 31, 2013, to the extent that Total Annual Fund Operating Expenses after Expense Reimbursement would otherwise exceed .10%, .15%, .25%, .50%, and .80% for classes S, Y, L, A, and N, respectively. The Total Annual Fund Operating Expenses after Expense Reimbursement shown in the above table may exceed these amounts, because, as noted in the previous sentence certain fees and expenses are excluded from the cap. The agreement can only be terminated by mutual consent of the Board of Trustees on behalf of the Fund and MassMutual. </font></p></td></tr></table> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="2%"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="top" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Example </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in each share class of the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. For Class A shares, the example includes the initial sales charge. The example also assumes that your investment earns a 5% return each year and that the Fund's operating expenses are exactly as described in the preceding table. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="68%" align="center"> <tr> <td width="40%"></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td></tr> <tr> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1 Year</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>5 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>10 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class S</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">83</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">317</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">569</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,293</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class Y</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">88</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">341</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">614</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,393</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class L</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">98</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">372</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">667</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,507</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class A</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">691</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">999</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,329</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2,258</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class N</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">254</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">542</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">956</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2,112</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Except for Class N shares, the figures shown above would be the same whether you sold your shares at the end of a period or kept them. For Class N shares, you would pay the following expenses if you did not redeem your shares: </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="68%" align="center"> <tr> <td width="42%"></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td></tr> <tr> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1 Year</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>5 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>10 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class N</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">154</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">542</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">956</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2,112</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr></table> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART 2050 Fund </i></b><i>found on page 83 in the section titled </i><b><i>Principal Investment Strategies</i></b><i></i><b><i>:</i></b><i> </i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The table below shows the Fund's approximate allocation, as of November 9, 2012, among various asset classes and Underlying Funds in which the Fund invests 5% or more of its assets. Other Underlying Funds in which the Fund invests are listed under "Additional Information Regarding Investment Objectives and Principal Investment Strategies" in the Fund's Prospectus. The Fund's investment adviser, MassMutual, intends to manage the Fund according to the Fund's target asset allocation strategy, and does not intend to trade actively among Underlying Funds or to attempt to capture short-term market opportunities as primary activities. MassMutual may modify the target asset allocation strategy or the selection of Underlying Funds from time to time, and may invest in other Underlying Funds, including any Underlying Funds that may be created in the future. At any given time, the Fund's asset allocation may be affected by a variety of factors (such as, for example, whether an Underlying Fund is accepting additional investments). </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="94%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Equity Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>90.9</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>—Domestic Equity Funds</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Fundamental Value (Wellington Management)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.0</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Growth (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.9</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Value (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.9</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>—International Equity Funds</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Overseas (J.P. Morgan/MFS/Harris)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">8.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">MM MSCI EAFE<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">®</sup></font> International Index (NTI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.8</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Fixed Income & Short Term/Money Market Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>4.9</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Other Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>4.2</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr></table><p style="MARGIN-TOP: 48px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE </b></font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>MASSMUTUAL SELECT FUNDS </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Supplement dated November 16, 2012 to the </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Prospectus dated April 2, 2012 </b></font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This supplement provides new and additional information beyond that contained in the Prospectus and any previous supplements. It should be retained and read in conjunction with the Prospectus and any previous supplements. </font></p> <p style="PADDING-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">SM</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"> Conservative Fund </font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2">found on page 4 under </font></i><b><i><font style="FONT-FAMILY: Times New Roman" size="2">Fees and Expenses of the Fund</font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2">: </font></i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment) </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="70%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class S</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class Y</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class L</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class A</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Management Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Distribution and Service (Rule 12b-1) Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.25%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Other Expenses</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.10%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.14%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.22%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.22%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Acquired Fund Fees and Expenses</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.54%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.54%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.54%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.54%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>Total Annual Fund Operating Expenses<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline"></sup></font></b><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)<b></b></sup><b><font style="FONT-FAMILY: Times New Roman" size="2"></font></b></font></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>.69%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>.73%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>.81%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.06%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Other expenses have been restated to reflect an increase to the contractual administrative and shareholder services fees paid to MassMutual for the current fiscal year, and Acquired Fund fees and expenses of the Fund have been restated to reflect expenses for the current fiscal year. </font></p></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Because Total Annual Fund Operating Expenses include Acquired Fund fees and expenses, they may not correspond to the ratios of expenses to average daily net assets shown in the "Financial Highlights" tables in the Prospectus, which reflect the operating expenses of the Fund and do not include Acquired Fund fees and expenses. </font></p></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Example </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in each share class of the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. For Class A shares, the example includes the initial sales charge. The example also assumes that your investment earns a 5% return each year and that the Fund's operating expenses are exactly as described in the preceding table. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="68%" align="center"> <tr> <td width="40%"></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td></tr> <tr> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1 Year</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>5 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>10 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class S</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">70</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">221</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">384</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">859</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class Y</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">75</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">233</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">406</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">906</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class L</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">83</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">259</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">450</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,002</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class A</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">677</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">893</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,126</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,795</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr></table> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART Conservative Fund </i></b><i>found on page 5 in the section titled </i><b><i>Principal Investment Strategies</i></b><i>: </i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The table below shows the Fund's approximate allocation, as of November 9, 2012, among various asset classes and Underlying Funds. The Fund's investment adviser, MassMutual, intends to manage the Fund according to the Fund's asset allocation strategy, and does not intend to trade actively among Underlying Funds or to attempt to capture short-term market opportunities as primary activities. MassMutual may modify the asset allocation strategy or the selection of Underlying Funds from time to time, and may invest in other Underlying Funds, including any Underlying Funds that may be created in the future. At any given time, the Fund's asset allocation may be affected by a variety of factors (such as, for example, whether an Underlying Fund is accepting additional investments). </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="94%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Equity Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>28.1</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>—Domestic Equity Funds</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Diversified Value (Brandywine Global/Loomis Sayles)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Fundamental Value (Wellington Management)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Large Cap Value (Columbia Management/Huber Capital Management)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Value (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Focused Value (Harris)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.1</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Fundamental Growth (Wellington Management)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Blue Chip Growth (T. Rowe Price)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Growth Opportunities (Sands Capital/Delaware Management)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Growth (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Mid-Cap Value (NFJ/Systematic)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Small Cap Value Equity (Wellington Management/Barrow Hanley)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Small Company Value (Federated Clover/T. Rowe Price/Earnest Partners)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">MM S&P<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">®</sup></font> Mid Cap Index (NTI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">MM Russell 2000<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">®</sup></font> Small Cap Index (NTI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Mid Cap Growth Equity II (T. Rowe Price/Frontier)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.8</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Small Cap Growth Equity (Wellington Management/Waddell & Reed/Timberline)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Small Company Growth (The Boston Company/Eagle)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.3</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Oppenheimer Real Estate (OFI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>—International/Global Equity Funds</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Diversified International (J.P. Morgan)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.0</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">MM MSCI EAFE<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">®</sup></font> International Index (NTI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Overseas (J.P. Morgan/MFS/Harris)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.4</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier International Equity (OFI Institutional)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.0</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Focused International (Baring)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.4</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Strategic Emerging Markets (Baring)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Oppenheimer Developing Markets Fund (OFI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.9</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Fixed Income & Short Term/Money Market Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>69.7</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Money Market (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.4</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Short-Duration Bond (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">16.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Inflation-Protected and Income (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">7.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Core Bond (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">27.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select PIMCO Total Return (PIMCO)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Strategic Bond (Western Asset)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4.9</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier High Yield (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.8</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier International Bond (Baring)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Other Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>2.1</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Oppenheimer Commodity Strategy Total Return (OFI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.1</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Note: the allocation percentages have been rounded to one decimal place. The allocation among equity, fixed income & short term/money market, and certain other funds therefore does not equal 100%. </font></p> <p style="PADDING-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">SM</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"> Moderate Fund </font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2">found on page 10 under </font></i><b><i><font style="FONT-FAMILY: Times New Roman" size="2">Fees and Expenses of the Fund</font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2"></font></i><b><i><font style="FONT-FAMILY: Times New Roman" size="2">:</font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2"> </font></i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment) </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="70%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class S</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class Y</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class L</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class A</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Management Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Distribution and Service (Rule 12b-1) Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.25%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Other Expenses</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.12%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.16%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.24%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.24%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Acquired Fund Fees and Expenses</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.61%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.61%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.61%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.61%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>Total Annual Fund Operating Expenses<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline"></sup></font></b><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)<b></b></sup><b><font style="FONT-FAMILY: Times New Roman" size="2"></font></b></font></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>.78%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>.82%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>.90%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.15%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Other expenses have been restated to reflect an increase to the contractual administrative and shareholder services fees paid to MassMutual for the current fiscal year, and Acquired Fund fees and expenses of the Fund have been restated to reflect expenses for the current fiscal year. </font></p></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Because Total Annual Fund Operating Expenses include Acquired Fund fees and expenses, they may not correspond to the ratios of expenses to average daily net assets shown in the "Financial Highlights" tables in the Prospectus, which reflect the operating expenses of the Fund and do not include Acquired Fund fees and expenses. </font></p></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Example </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in each share class of the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. For Class A shares, the example includes the initial sales charge. The example also assumes that your investment earns a 5% return each year and that the Fund's operating expenses are exactly as described in the preceding table. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="68%" align="center"> <tr> <td width="40%"></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td></tr> <tr> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1 Year</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>5 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>10 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class S</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">80</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">249</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">433</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">966</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class Y</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">84</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">262</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">455</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,014</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class L</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">92</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">287</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">498</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,108</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class A</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">685</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">919</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,172</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,892</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr></table> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART Moderate Fund </i></b><i>found on page 11 in the section titled </i><b><i>Principal Investment Strategies</i></b><i></i><b><i>:</i></b><i> </i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The table below shows the Fund's approximate allocation, as of November 9, 2012, among various asset classes and Underlying Funds. The Fund's investment adviser, MassMutual, intends to manage the Fund according to the Fund's asset allocation strategy, and does not intend to trade actively among Underlying Funds or to attempt to capture short-term market opportunities as primary activities. MassMutual may modify the asset allocation strategy or the selection of Underlying Funds from time to time, and may invest in other Underlying Funds, including any Underlying Funds that may be created in the future. At any given time, the Fund's asset allocation may be affected by a variety of factors (such as, for example, whether an Underlying Fund is accepting additional investments). </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="94%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Equity Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>55.8</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>—Domestic Equity Funds</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Diversified Value (Brandywine Global/Loomis Sayles)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Fundamental Value (Wellington Management)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.0</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Large Cap Value (Columbia Management/Huber Capital Management)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Value (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.9</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Focused Value (Harris)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Fundamental Growth (Wellington Management)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Blue Chip Growth (T. Rowe Price)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Growth Opportunities (Sands Capital/Delaware Management)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Growth (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.9</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Mid-Cap Value (NFJ/Systematic)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.8</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Small Cap Value Equity (Wellington Management/Barrow Hanley)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Small Company Value (Federated Clover/T. Rowe Price/Earnest Partners)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.4</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">MM S&P<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">®</sup></font> Mid Cap Index (NTI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">MM Russell 2000<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">®</sup></font> Small Cap Index (NTI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Mid Cap Growth Equity II (T. Rowe Price/Frontier)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.8</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Small Cap Growth Equity (Wellington Management/Waddell & Reed/Timberline)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.1</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Small Company Growth (The Boston Company/Eagle)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.8</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Oppenheimer Real Estate (OFI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.3</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr></table> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="94%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>—International/Global Equity Funds</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Diversified International (J.P. Morgan)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.1</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">MM MSCI EAFE<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">®</sup></font> International Index (NTI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.4</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Overseas (J.P. Morgan/MFS/Harris)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier International Equity (OFI Institutional)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Focused International (Baring)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.9</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Strategic Emerging Markets (Baring)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.4</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Oppenheimer Developing Markets Fund (OFI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.3</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Fixed Income & Short Term/Money Market Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>41.2</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Money Market (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.1</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Short-Duration Bond (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">7.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Inflation-Protected and Income (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Core Bond (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">17.0</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select PIMCO Total Return (PIMCO)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.4</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Strategic Bond (Western Asset)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.0</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier High Yield (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.8</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier International Bond (Baring)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Other Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3.1</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Oppenheimer Commodity Strategy Total Return (OFI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.1</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Note: the allocation percentages have been rounded to one decimal place. The allocation among equity, fixed income & short term/money market, and certain other funds therefore does not equal 100%. </font></p> <p style="PADDING-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">SM</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"> Moderate Growth Fund </font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2">found on page 16 under </font></i><b><i><font style="FONT-FAMILY: Times New Roman" size="2">Fees and Expenses of the Fund</font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2"></font></i><b><i><font style="FONT-FAMILY: Times New Roman" size="2">:</font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2"> </font></i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment) </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="70%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class S</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class Y</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class L</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class A</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Management Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Distribution and Service (Rule 12b-1) Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.25%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Other Expenses</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.14%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.18%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.26%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.26%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Acquired Fund Fees and Expenses</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.68%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.68%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.68%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.68%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>Total Annual Fund Operating Expenses<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline"></sup></font></b><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)<b></b></sup><b><font style="FONT-FAMILY: Times New Roman" size="2"></font></b></font></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>.87%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>.91%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>.99%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.24%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Other expenses have been restated to reflect an increase to the contractual administrative and shareholder services fees paid to MassMutual for the current fiscal year, and Acquired Fund fees and expenses of the Fund have been restated to reflect expenses for the current fiscal year. </font></p></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Because Total Annual Fund Operating Expenses include Acquired Fund fees and expenses, they may not correspond to the ratios of expenses to average daily net assets shown in the "Financial Highlights" tables in the Prospectus, which reflect the operating expenses of the Fund and do not include Acquired Fund fees and expenses. </font></p></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Example </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in each share class of the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. For Class A shares, the example includes the initial sales charge. The example also assumes that your investment earns a 5% return each year and that the Fund's operating expenses are exactly as described in the preceding table. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="68%" align="center"> <tr> <td width="40%"></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td></tr> <tr> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1 Year</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>5 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>10 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class S</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">89</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">278</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">482</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,073</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class Y</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">93</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">290</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">504</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,120</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class L</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">101</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">315</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">547</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,213</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class A</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">694</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">946</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,217</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,989</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr></table> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART Moderate Growth Fund </i></b><i>found on page 17 in the section titled </i><b><i>Principal Investment Strategies</i></b><i>: </i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The table below shows the Fund's approximate allocation, as of November 9, 2012, among various asset classes and Underlying Funds. The Fund's investment adviser, MassMutual, intends to manage the Fund according to the Fund's asset allocation strategy, and does not intend to trade actively among Underlying Funds or to attempt to capture short-term market opportunities as primary activities. MassMutual may modify the asset allocation strategy or the selection of Underlying Funds from time to time, and may invest in other Underlying Funds, including any Underlying Funds that may be created in the future. At any given time, the Fund's asset allocation may be affected by a variety of factors (such as, for example, whether an Underlying Fund is accepting additional investments). </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="94%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Equity Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>79.3</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>—Domestic Equity Funds</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Diversified Value (Brandywine Global/Loomis Sayles)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.1</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Fundamental Value (Wellington Management)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Large Cap Value (Columbia Management/Huber Capital Management)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Value (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">6.9</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Focused Value (Harris)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Fundamental Growth (Wellington Management)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.1</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Blue Chip Growth (T. Rowe Price)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.1</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Growth Opportunities (Sands Capital/Delaware Management)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Disciplined Growth (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">6.9</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Mid-Cap Value (NFJ/Systematic)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Small Cap Value Equity (Wellington Management/Barrow Hanley)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.3</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Small Company Value (Federated Clover/T. Rowe Price/Earnest Partners)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">MM S&P<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">®</sup></font> Mid Cap Index (NTI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">MM Russell 2000<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">®</sup></font> Small Cap Index (NTI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Mid Cap Growth Equity II (T. Rowe Price/Frontier)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.3</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Small Cap Growth Equity (Wellington Management/Waddell & Reed/Timberline)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Small Company Growth (The Boston Company/Eagle)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Oppenheimer Real Estate (OFI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.9</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>—International/Global Equity Funds</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Diversified International (J.P. Morgan)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.1</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">MM MSCI EAFE<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">®</sup></font> International Index (NTI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5.1</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Overseas (J.P. Morgan/MFS/Harris)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">7.7</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier International Equity (OFI Institutional)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Focused International (Baring)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.4</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Strategic Emerging Markets (Baring)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">3.4</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Oppenheimer Developing Markets Fund (OFI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.8</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Fixed Income & Short Term/Money Market Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>16.3</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Short-Duration Bond (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.3</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Inflation-Protected and Income (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier Core Bond (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr></table> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="96%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select PIMCO Total Return (PIMCO)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.9</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Select Strategic Bond (Western Asset)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">0.8</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier High Yield (Babson Capital)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4.0</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Premier International Bond (Baring)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Other Funds</i></b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>4.2</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b>% </b></font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Oppenheimer Commodity Strategy Total Return (OFI)</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4.2</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">% </font></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Note: the allocation percentages have been rounded to one decimal place. The allocation among equity, fixed income & short term/money market, and certain other funds therefore does not equal 100%. </font></p> <p style="PADDING-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>The following information replaces similar information for the </i><b><i>RetireSMART<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">SM</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"> Growth Fund </font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2">found on page 22 under </font></i><b><i><font style="FONT-FAMILY: Times New Roman" size="2">Fees and Expenses of the Fund</font></i></b><i><font style="FONT-FAMILY: Times New Roman" size="2">: </font></i></font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment) </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="68%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class S</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class Y</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class L</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Class A</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Management Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.05%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Distribution and Service (Rule 12b-1) Fees</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">None</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.25%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Other Expenses</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.22%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.26%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.34%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.34%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Acquired Fund Fees and Expenses</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.72%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.72%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.72%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.72%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2"><b>Total Annual Fund Operating Expenses<font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline"></sup></font></b><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)<b></b></sup><b><font style="FONT-FAMILY: Times New Roman" size="2"></font></b></font></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>.99%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.03%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.11%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.36%</b></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"><b> </b></font></td></tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Expense Reimbursement</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(.08%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">) </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(.08%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">) </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(.08%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">) </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(.08%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">) </font></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Total Annual Fund Operating Expenses after Expense Reimbursement</font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(3)</sup></font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.91%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">.95%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.03%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1.28%</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(1)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Other expenses have been restated to reflect an increase to the contractual administrative and shareholder services fees paid to MassMutual for the current fiscal year, and Acquired Fund fees and expenses of the Fund have been restated to reflect expenses for the current fiscal year. </font></p></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(2)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Because Total Annual Fund Operating Expenses include Acquired Fund fees and expenses, they may not correspond to the ratios of expenses to average daily net assets shown in the "Financial Highlights" tables in the Prospectus, which reflect the operating expenses of the Fund and do not include Acquired Fund fees and expenses. </font></p></td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"></font><font style="FONT-FAMILY: Times New Roman" size="1"><sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">(3)</sup> </font><font style="FONT-FAMILY: Times New Roman" size="2"></font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">The expenses in the above table reflect a written agreement by MassMutual to bear the expenses (other than the management, Rule 12b-1 and administrative fees, interest, taxes, brokerage commissions, extraordinary litigation and legal expenses, Acquired Fund fees and expenses, or other non-recurring or unusual expenses such as, for example, organizational expenses and shareholder meeting expenses) of Class S, Class Y, Class L, and Class A of the Fund in excess of .03% of the average daily net asset values of each such class through March 31, 2013. The agreement can only be terminated by mutual consent of the Board of Trustees on behalf of the Fund and MassMutual. </font></p></td></tr></table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Example </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in each share class of the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. For Class A shares, the example includes the initial sales charge. The example also assumes that your investment earns a 5% return each year and that the Fund's operating expenses are exactly as described in the preceding table. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="68%" align="center"> <tr> <td width="40%"></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td></td> <td></td></tr> <tr> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1 Year</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>3 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>5 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>10 Years</b></font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class S</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">93</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">307</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">539</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,206</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class Y</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">97</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">320</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">561</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,252</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class L</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">105</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">345</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">604</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,345</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"> <font style="FONT-FAMILY: Times New Roman" size="2">Class A</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">698</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">974</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="1"> </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New