TRANSAMERICA FUNDS

Supplement dated January 7, 2010
to the Statement of Additional Information dated November 30, 2009, as previously supplemented

Transamerica Balanced

The following information supplements and replaces certain information in “Appendix B — Portfolio Managers”:

Transamerica Balanced

	Registered Investment					Other Pooled Investment
	Companies					Vehicles					Other Accounts
			Assets					Assets
Portfolio Manager	Number		Managed			Number		Managed			Number		Assets Managed
Kirk J. Kim (lead-equity)		8	$	670.8	million		0	$	0			4	$	348.6	million
John D. Lawrence (co-equity)		0	$	0			3	$	62.4	million		0	$	0
Gary U. Rollé (co-equity)		13	$	4.17	billion		1	$	88.2	million		80	$	1.43	billion
Greg D. Haendel (lead-fixed-income)		10	$	2.17	billion		0	$	0			12	$	650.9	million
Derek S. Brown (co-fixed-income)		1	$	791.5	million		0	$	0			15	$	1.56	billion
Brian W. Westhoff (co-fixed-income)		5	$	301.2	million		0	$	0			1	$	31.34	million
Fee Based Accounts (The number of accounts and the total assets in the accounts managed by each portfolio manager with respect to which the advisory fee is based on the performance of the account.)
Kirk J. Kim (lead-equity)		0	$	0			0	$	0			0	$	0
John D. Lawrence (co-equity)		0	$	0			0	$	0			0	$	0
Gary U. Rollé (co-equity)		0	$	0			0	$	0			0	$	0
Greg D. Haendel (lead-fixed-income)		0	$	0			0	$	0			0	$	0
Derek S. Brown (co-fixed-income)		0	$	0			0	$	0			0	$	0
Brian W. Westhoff (co-fixed-income)		0	$	0			0	$	0			0	$	0

Transamerica Diversified Equity

Transamerica Diversified Equity

	Registered Investment					Other Pooled Investment
	Companies					Vehicles					Other Accounts
			Assets					Assets
Portfolio Manager	Number		Managed			Number		Managed			Number		Assets Managed
Edward S. Han (lead)		4	$	241.4	million		0	$	0			3	$	228.6	million
Peter O. Lopez (co)		3	$	236.4	million		1	$	11.3	million		1	$	23.56	million
Gary U. Rollé (co)		13	$	4.17	billion		1	$	88.2	million		80	$	1.43	billion
Fee Based Accounts (The number of accounts and the total assets in the accounts managed by each portfolio manager with respect to which the advisory fee is based on the performance of the account.)
Edward S. Han (lead)		0	$	0			0	$	0			0	$	0
Peter O. Lopez (co)		0	$	0			0	$	0			0	$	0
Gary U. Rollé (co)		0	$	0			0	$	0			0	$	0

Transamerica Equity

Transamerica Equity

	Registered Investment					Other Pooled Investment
	Companies					Vehicles					Other Accounts
			Assets					Assets
Portfolio Manager	Number		Managed			Number		Managed			Number		Assets Managed
John J. Huber (lead)		3	$	228.2	million		1	$	54.78	million		1	$	88.98	million
Kirk J. Kim (co)		8	$	670.8	million		0	$	0			4	$	348.6	million
Gary U. Rollé (co)		13	$	4.17	billion		1	$	88.2	million		80	$	1.43	billion
Fee Based Accounts (The number of accounts and the total assets in the accounts managed by each portfolio manager with respect to which the advisory fee is based on the performance of the account.)
John J. Huber (lead)		0	$	0			0	$	0			0	$	0
Kirk J. Kim (co)		0	$	0			0	$	0			0	$	0
Gary U. Rollé (co)		0	$	0			0	$	0			0	$	0

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Investors Should Retain this Supplement for Future Reference