-----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, LlndVvmHLWpNSl6GWDQNFzkphdvESmtTJJJ+Hgmfr2ptxzfuJu0G45OY5UHc0L4q XF8/Kvvzz2iXhZK3tWAIxQ== 0000945621-00-000015.txt : 20000202 0000945621-00-000015.hdr.sgml : 20000202 ACCESSION NUMBER: 0000945621-00-000015 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOGEN FUNDS INC CENTRAL INDEX KEY: 0000906352 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: MD FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 033-63560 FILM NUMBER: 506960 BUSINESS ADDRESS: STREET 1: 1221 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10020 BUSINESS PHONE: 2122785800 MAIL ADDRESS: STREET 1: 1221 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10020 497 1 FIRST EAGLE SOGEN FUNDS, INC. 497 SAI FIRST EAGLE SOGEN FUNDS, INC. FIRST EAGLE SOGEN GLOBAL FUND FIRST EAGLE SOGEN OVERSEAS FUND FIRST EAGLE SOGEN GOLD FUND FIRST EAGLE SOGEN MONEY FUND SUPPLEMENT DATED JANUARY 13, 2000 TO STATEMENT OF ADDITIONAL INFORMATION DATED AUGUST 1, 1999. THE DISCLOSURE IN THE STATEMENT OF ADDITIONAL INFORMATION UNDER "INVESTMENT ADVISER AND OTHER SERVICES" IS REPLACED IN ITS ENTIRETY TO READ AS FOLLOWS: As described in the Prospectus of First Eagle SoGen Funds, Inc. (the "Company"), Arnhold and S. Bleichroeder Advisers, Inc. ("ASB Advisers") is the Company's investment adviser and, as such, provides portfolio management and related services to the Global Fund, the Overseas Fund, the Gold Fund and the Money Fund. Under its investment advisory contract with the Company, which became effective December 31, 1999, ASB Advisers furnishes each Fund with investment advice consistent with that Fund's stated investment objective and investment policies. ASB Advisers also furnishes the Company with office space and certain facilities required for the business of the Funds, and statistical and research data, and pays any compensation and expenses of the Company's officers. In return for the services listed above, each Fund pays ASB Advisers a fee at the annual rate of the average daily value of the Fund's net assets as follows: Global Fund 1.00% of the first $25 million and 0.75% of the excess over $25 million Overseas Fund 0.75% Gold Fund 0.75% Money Fund 0.40% Advisory fees are accrued daily and paid monthly. For the fiscal year ended March 31, 1999, pursuant to a predecessor advisory contract with Societe Generale Asset Management Corp. ("SGAM Corp.") that is substantially similar with the current agreement, Global Fund, Overseas Fund, Gold Fund and Money Fund paid investment advisory fees in the amount of $23,196,530, $5,519,451, $201,757 and $122,538, respectively. No advisory fee waiver or expense reimbursement for Money Fund occurred during the year ended March 31, 1999. However, SGAM Corp. voluntarily reimbursed the Class I shares of Global Fund and Overseas Fund in the amounts of $30,997 and $9,036, respectively during that fiscal period. For the fiscal year ended March 31, 1998, Global Fund, Overseas Fund and Gold Fund paid investment advisory fees in the amount of $30,954,079, $7,798,589 and $283,300, respectively. During this same period, $37,399 of the investment advisory fee of $60,497 for Money Fund was waived by SGAM Corp. For the fiscal year ended March 31, 1997, Global Fund, Overseas Fund and Gold Fund paid investment advisory fees in the amount of $26,404,805, $5,899,446 and $449,545, respectively. For the same period, $38,752 of the investment advisory fee of $43,519 for Money Fund was waived by SGAM Corp. Under the investment advisory contract between the Company and ASB Advisers, the investment adviser is responsible for the management of each of the Funds' portfolios and constantly reviews their holdings in the light of its own research analyses and those of other relevant sources. Reports of portfolio transactions are given regularly to the Directors of the Company, who review each Fund's portfolio at regular meetings held four TIMES A YEAR. As of the date of this Statement of Additional Information, as supplemented, ASB Advisers did not own any shares of the Company. A Fund may, with the approval of the Company's Board of Directors, from time to time enter into arrangements with institutions to provide sub-transfer agent services and other related services where a number of persons hold Fund shares through one account registered with the Fund's transfer agent, DST Systems, Inc. ("DST") in the name of that institution. Under those arrangements, a Fund may compensate the institution rendering such services on a per sub-account basis. THE SECOND PARAGRAPH AND TABLE UNDER "MANAGEMENT OF THE COMPANY" IN THE STATEMENT OF ADDITIONAL INFORMATION LISTING THE DIRECTORS AND OFFICERS OF THE COMPANY ARE REPLACED IN THEIR ENTIRETY TO READ AS FOLLOWS: The following table sets forth the principal occupation or employment of the members of the Board of Directors and principal officers of the Company. Each of the following persons is also a Director and/or officer of First Eagle SoGen Variable Funds, Inc.
PRINCIPAL OCCUPATION POSITION HELD DURING THE PAST FIVE NAME (AGE) AND ADDRESS(1) WITH THE COMPANY (5) YEARS - ---------------------- ---------------- --------- *John P. Arnhold (46) Director Co-President and Director, Arnhold and S. and Co-President Bleichroeder Advisers, Inc.; Co-President and Director, Arnhold and S. Bleichroeder, Inc.; President and Director, Arnhold and S. Bleichroeder UK Ltd.; Co-President and Director, ASB Securities, Inc.; Director, Aquila International Fund, Ltd.; President, Worldvest, Inc.; Co-President and Trustee, First Eagle Funds. Candace K. Beinecke (53) Director Managing Partner, Hughes Hubbard & Reed; One Battery Park Plaza Director, Jacob's Pillow Dance Festival, Inc., New York, NY 10004 Historic Preservation Projects, Inc., and Merce Cunningham Dance Foundation, Inc.; Trustee, First Eagle Funds. Edwin J. Ehrlich (68) Director President, Ehrlich Capital Management; 2976 Lonni Lane Director, Pension Fund Trusts -- ITT Corp.; Merrick, NY 11566 Advisory Board Member, Emerging World Investors Limited; Trustee, First Eagle Funds. Robert J. Gellert (69) Director Manager, United Continental Corporation; 122 EAST 42ND Street General Partner, Windcrest Partners; Trustee, New York, NY 10168 First Eagle Funds. James E. Jordan (54) Director Private Investor; Consultant to The Jordan 767 Fifth Avenue Company (private investment banking company); New York, NY 10153 until June 1997, President and chief investment officer of The William Penn Company (a registered investment adviser); Director, Leucadia National Corporation, Empire Insurance Company and J.Z. Equity Partners, Plc. (a British investment trust company); Director, School of International and Public Affairs of Columbia University; Vice Chairman, New York State Board of The Nature Conservancy; Trustee, First Eagle Funds. William M. Kelly (55) Director Senior Associate, Lingold Association; 500 Fifth Avenue Independent General Partner, ML Venture New York, NY 10110 Partners I, L.P. and ML Venture Partners II, L.P.; Trustee, New York Foundation; Treasurer and Trustee, Black Rock Forest Conservation; Trustee, First Eagle Funds. Donald G. McCouch (57) Director Prior to 1997, Senior Managing Director of 67 West Hills Road Chemical Bank. New Canaan, CT 06840 Fred J. Meyer (69) Director Vice Chairman of Omnicom Group, Inc. since 437 Madison Avenue 1998; and prior thereto, Chief Financial New York, NY 10022 Officer; Director Novartis Corporation, Zurich-American Insurance Cos and Medialink, Inc.; Trustee, National Park Trust. Dominique Raillard (61) Director Managing Director of Act 2 International 15, boulevard Delessert (consulting) since July 1995; Group Executive 75016 Paris France Vice President of Promodes (food retailing) since 1978. Nathan Snyder (65) Director Independent Consultant. 163 Parish Road South New Canaan, CT 06840 *Stanford S. Warshawsky (62) Director and Chairman Co-President, Secretary and Director, Arnhold of the Board and S. Bleichroeder, Inc.; Co-President and Director, Arnhold and S. Bleichroeder Advisers, Inc.; Chairman and Director, Arnhold and S. Bleichroeder UK Ltd.; Co-President and Director, ASB Securities, Inc.; Director, German-American Chamber of Commerce; Chairman and Trustee, First Eagle Funds. Jean-Marie Eveillard (59) Co-President Senior Vice President, Arnhold and S. Bleichroeder, Inc.; prior to 2000, Director and President, Societe Generale Asset Management Corp. Charles de Vaulx (37) Senior Vice President Senior Vice President, Arnhold and S. Bleichroeder, Inc.; prior to 2000, Senior Vice President, Societe Generale Asset Management Corp. since 1998; Associate Portfolio Manager from December 1996; Securities Analyst, Societe Generale Asset Management Corp. from prior to 1994 to 1996. Robert Bruno (35) Vice President, Secretary Senior Vice President, Arnhold and S. and Treasurer Bleichroeder, Inc.; Vice President, Arnhold and S. Bleichroeder Advisers, Inc.; Vice President and Secretary, First Eagle Funds; prior to 1997, President and Chief Operating Officer, Coelho Associates LLC; and Senior Vice President, Schroder Wertheim Investment Services, Inc. Edwin S. Olsen (59) Vice President Vice President, Arnhold and S. Bleichroeder, Inc.; prior to 2000, Vice President, SG Cowen Corporation. Elizabeth Tobin (46) Vice President Vice President, Arnhold and S. Bleichroeder, Inc.; prior to 2000, Senior Vice President, Societe Generale Asset Management Corp. since 1998; Associate Portfolio Manager from December 1996; Securities Analyst, Societe Generale Asset Management Corp. from prior to 1994 to 1996. Tracy LaPointe Saltwick (40) Vice President and Senior Vice President, Arnhold and S. Compliance Officer Bleichroeder, Inc.; Vice President, ASB Securities, Inc.; Vice President and Compliance Officer, First Eagle Funds.
* "Interested" director, as defined in the Investment Company Act, by reason of affiliation with Arnhold and S. Bleichroeder, Inc. and Arnhold and S. Bleichroeder Advisers, Inc. (1) Unless otherwise stated, the address is: Arnhold and S. Bleichroeder, Inc., 1345 Avenue of the Americas, New York, NY 10105. -----END PRIVACY-ENHANCED MESSAGE-----