497 1 d497.htm SSR EXCHANGE FUND SSR Exchange Fund

Rule 497(d)

333-119461

 

 

BlackRock FundsSM

BlackRock Exchange Portfolio

 

Supplement dated November 17, 2004 to the

Combined Prospectus / Proxy Statement dated November 10, 2004

 

This supplement amends certain information in the Combined Prospectus / Proxy Statement (the “Prospectus”) dated November 10, 2004 of the BlackRock Exchange Portfolio, a series of BlackRock Funds. Unless otherwise indicated, all other information included in the Prospectus remains unchanged. The terms used in this supplement have the same meaning as in the Prospectus.

 

The paragraph on page 26 of the Prospectus captioned “Other Information – Shareholder Information” is deleted in its entirety and replaced by the following:

 

“As of October 29, 2004, there were 578,386 shares of the SSR Fund outstanding. As of such date, the trustees and officers of the SSR Fund as a group owned less than 1% of the shares of the SSR Fund. As of October 29, 2004, no person was known by the SSR Fund to own beneficially or of record 5% or more of any class of the shares of the SSR Fund except as follows:”

 

The table following the paragraph above is deleted in its entirety and replaced with the following:

 

Name & Address

   

Class; Type of
Ownership

    % of
Class
    % of SSR
Fund
    % of Fund
Post-Closing

National City Bank

T/U/A Ruth Lilly

Special Trust Dated 1/14/02

Attn Mutual Funds 20/10M914007

PO Box 94984

Cleveland, OH 44101-4984

    Single Class, Record    6.657    6.657    6.657

National City Bank TR O/

The Garretson Wade Charitable Trust 2

Attn Trust Mutual Funds

Box 94984

Cleveland, OH 44101-4984

    Single Class, Record    6.401    6.401    6.401