-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HfvlxBYdbPj9QsiHglhbV1dae/ex5/ujLHJo7XiET4F4hC3/vtvTwHk3Lpd0YeZ0 aZwmLZG/hxUvCe2pzCjBBw== 0000925421-04-000004.txt : 20040107 0000925421-04-000004.hdr.sgml : 20040107 20040107151130 ACCESSION NUMBER: 0000925421-04-000004 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040107 EFFECTIVENESS DATE: 20040107 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATIONS FUNDS TRUST CENTRAL INDEX KEY: 0001097519 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-89661 FILM NUMBER: 04512955 BUSINESS ADDRESS: STREET 1: ONE BANK OF AMERICA PLAZA CITY: CHARLOTTE STATE: NC ZIP: 28255 BUSINESS PHONE: 8003217854 MAIL ADDRESS: STREET 1: ONE BANKOF AMERICA PLAZA CITY: CHARLOTTE STATE: NC ZIP: 28255 497 1 nftsupp.htm SUPPLEMENT NATIONS FUNDS TRUST

NATIONS FUNDS TRUST

Nations International Equity Fund
Primary A Shares and Investor A, B and C Shares

Supplement dated January 7, 2004
to the Prospectuses dated August 1, 2003, as supplemented

At a meeting on December 23, 2003, the Board of Trustees of Nations Master Investment Trust decided to replace Putnam Investment Management, LLC ("Putnam") and INVESCO Global Asset Management (N.A.), Inc. ("INVESCO") as investment sub-advisers of Nations International Equity Master Portfolio (the "Master Portfolio"). It is anticipated that Putnam and INVESCO will be terminated no later than the end of the first quarter of 2004, that each firm will continue managing the portion of the Master Portfolio's assets allocated to it in the interim, and that one or more replacement investment sub-advisers will be in place by that time. Going forward, Banc of America Capital Management, LLC ("BACAP") continues as primary adviser of the Master Portfolio, and Marsico Capital Management, LLC ("Marsico") continues as investment sub-adviser of the portion of the Master Portfolio's assets allocated to it.

The Board of Trustees considered a number of factors leading to the decision to replace Putnam and INVESCO. The factors included Putnam's and INVESCO's investment performance relative to index benchmarks, relative to other investment advisers managing similar portfolios, and relative to each other and to Marsico. The Board of Trustees noted the reasons for diversifying among multiple investment sub-advisers, and evaluated the track record and future prospects for the existing mix of investment sub-advisers and their ability to achieve better overall results given their investment philosophies and styles. The Board of Trustees also took into account the recently announced regulatory developments involving Putnam and INVESCO affiliates and, in the case of Putnam, recent personnel departures.

At the December meeting, the Board authorized BACAP to begin a search for one or more replacement sub-advisers. It is anticipated that BACAP will present the results of its search to the Board early in 2004, so that it can evaluate, approve and implement new arrangements before the Putnam and INVESCO terminations occur.

 

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