0000897436-01-500302.txt : 20011010
0000897436-01-500302.hdr.sgml : 20011010
ACCESSION NUMBER: 0000897436-01-500302
CONFORMED SUBMISSION TYPE: 497
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20011005
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: ISHARES TRUST
CENTRAL INDEX KEY: 0001100663
STANDARD INDUSTRIAL CLASSIFICATION: []
IRS NUMBER: 943351276
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 497
SEC ACT: 1933 Act
SEC FILE NUMBER: 333-92935
FILM NUMBER: 1753277
BUSINESS ADDRESS:
STREET 1: 45 FREMONT STREET
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94105
497
1
ishsup.txt
SAI SUPPLEMENT
ISHARES TRUST
SUPPLEMENT DATED OCTOBER 1, 2001
to the
STATEMENT OF ADDITIONAL INFORMATION
DATED AUGUST 1, 2001
THE INFORMATION IN THIS SUPPLEMENT UPDATES THE INFORMATION IN, AND SHOULD
BE READ IN CONJUNCTION WITH, THE STATEMENT OF ADDITIONAL INFORMATION OF ISHARES
TRUST DATED AUGUST 1, 2001 (THE "SAI").
ON NOVEMBER 15, 2001, A MEETING OF SHAREHOLDERS OF EACH SERIES OF ISHARES
TRUST (THE "TRUST") WILL BE HELD. SHAREHOLDERS WHO OWNED ISHARES AS OF THE
CLOSE OF BUSINESS ON SEPTEMBER 13, 2001 WILL BE ELIGIBLE TO VOTE ON THE
ELECTION OF A SLATE OF TRUSTEES TO SERVE ON THE BOARD OF TRUSTEES OF THE TRUST.
AT A MEETING HELD ON AUGUST 15, 2001, THE BOARD OF TRUSTEES APPROVED THE
NOMINATION OF NATHAN MOST, RICHARD K. LYONS, GEORGE G.C. PARKER, JOHN B.
CARROLL, AND W. ALLEN REED TO SERVE AS TRUSTEES OF THE TRUST. MESSRS. MOST,
LYONS AND PARKER ARE EACH CURRENTLY TRUSTEES OF THE TRUST. BY UNANIMOUS WRITTEN
CONSENT, THE BOARD OF TRUSTEES APPROVED THE NOMINATION OF GARRETT F. BOUTON,
CHAIRMAN OF THE BOARD OF DIRECTORS OF BARCLAYS GLOBAL FUND ADVISORS ("BGFA")
AND DIRECTOR OF BARCLAYS GLOBAL INVESTORS ("BGI"), TO SERVE AS TRUSTEE OF THE
TRUST. MESSRS. CARROLL AND REED, ALONG WITH MR. MOST, ARE EACH CURRENTLY
DIRECTORS OF ISHARES INC., A SEPARATE INVESTMENT COMPANY AFFILIATED WITH THE
TRUST.
IF SHAREHOLDERS OF EACH SERIES APPROVE THE NEW SLATE OF TRUSTEES, THEN THE
TRUSTEES' BIOGRAPHICAL INFORMATION APPEARING IN THE TABLE THAT BEGINS ON PAGE
37 OF THE SAI WILL BE REPLACED WITH THE FOLLOWING:
PRINCIPAL OCCUPATIONS AND AFFILIATIONS
NAME (AGE) ADDRESS POSITION DURING THE PAST FIVE YEARS
------------------ -------- --------------------------------------
*Nathan Most (87) Trustee, President & Chairman of the Board,
P.O. Box 193 President, iShares, Inc. (formerly known as WEBS
Burlingame, CA 94011-0193 Treasurer, Index Fund, Inc.) (since 1996);
Principal Consultant to BGI, American Stock
Financial Exchange and the Hong Kong Stock
Officer Exchange; Formerly Senior Vice
President American Stock Exchange (New
Product Development) (1976-1996)
Richard K. Lyons (39) Trustee Professor, University of California,
350 Barrows Hall Berkeley: Haas School of Business
Haas School of Business (since 1993); Member, Council on
UC Berkeley Foreign Relations Consultant: IMF
Berkeley, CA 94720 World Bank, Federal Reserve Bank,
European Commission and United Nations
Board of Directors: Matthews
International Funds
George G.C. Parker (60) Trustee Associate Dean for Academic Affairs,
Graduate School of Director of MBA Program, Professor,
Business, Stanford Stanford University: Graduate School
University of Business (since 1988); Board of
521 Memorial Way Directors: Affinity Group, Bailard,
Room K301 Biehl and Kaiser, Inc., California
Stanford, CA 94305 Casualty Group of Insurance Companies,
Continental Airlines, Inc., Community
First Financial Group, Dresdner/RCM
Mutual Funds, H. Warshow & Sons, Inc.
John B. Carroll (65) Trustee Retired Vice President of Investment
520 Main Street Management (from 1984-2000) of GTE
Ridgefield, CT 06877 Corporation; Advisory Board member
of Ibbotson Assoc. (since 1998);
former Trustee and Member of the
Executive Committee (since 1991) of
The Common Fund, a non-profit
organization; Member of the Investment
Committee (since 1988) of the TWA
Pilots Annuity Trust Fund; former Vice
Chairman and Executive Committee
Member (since 1992) of the Committee
on Investment of Employee Benefit
Assets of the Financial Executive
Institute; and Member (since 1986) of
the Pension Advisory Committee of the
New York Stock Exchange.
1
W. Allen Reed (54) Trustee President, CEO and Director (since
General Motors Investment 1994) of General Motors Investment
Management Corp. Management Corporation; Director (from
767 Fifth Avenue 1995 to 1998) of Taubman Centers, Inc.
New York, NY 10153 (a real estate investment trust);
since 1992 of FLIR Systems (an
imaging technology company); Director
(since 1994) of General Motors
Acceptance Corporation; Director
(since 1994) of GMAC Insurance
Holdings, Inc.; Director (since 1995)
of Global Emerging Markets Fund;
Director (since 2000) of Temple Inland
Industries; Member (since 2001) of the
Pension Managers Advisory Committee of
the New York Stock Exchange; Member
(since 1995) of the New York State
Retirement System Advisory Board;
Chairman (since 1995) of the
Investment Advisory Committee of
Howard Hughes Medical Institute.
*Garrett F. Bouton (56) Trustee Managing Director and Chief Executive
Barclays Global Investors Officer (since 2000) for BGI's Global
45 Fremont Street Individual Investor Business; Chairman
San Francisco, CA 94105 of the Board of Directors (since 1998)
of BGFA; Director (since 1998) of
BGI; Director of various Barclays
subsidiaries (since 1997); Global H.
R. Director (since 1996) for BGI.
* Messrs. Most and Bouton are each deemed to be an "interested person" (as
defined in the 1940 Act) of the Trust and the Funds.
IF SHAREHOLDERS OF EACH SERIES APPROVE THE NEW SLATE OF TRUSTEES, THEN THE
TRUSTEES' COMPENSATION INFORMATION APPEARING ON PAGE 38 OF THE SAI WILL BE
REPLACED WITH THE FOLLOWING:
The table below sets forth the compensation paid to each Trustee during the
fiscal year ended April 30, 2001:
AGGREGATE PENSION OR
ESTIMATED RETIREMENT TOTAL ESTIMATED
COMPENSATION BENEFITS ACCRUED ESTIMATED ANNUAL COMPENSATION
FROM THE AS PART OF TRUST BENEFITS UPON FROM THE FUND
NAME OF TRUSTEE TRUST EXPENSES RETIREMENT AND FUND COMPLEX
--------------- ----- -------- ---------- ----------------
Nathan Most* $ 54,000 Not Applicable. Not Applicable. $114,000
Richard K. Lyons $ 54,000 Not Applicable. Not Applicable. $ 54,000
George G.C.
Parker $ 54,000 Not Applicable. Not Applicable. $ 54,000
Thomas E.
Flanigan** $ 39,000 Not Applicable. Not Applicable. $ 39,000
Garrett F. Bouton $ 0 Not Applicable. Not Applicable. $ 0
John B. Carroll* $ 0 Not Applicable. Not Applicable. $ 40,000
W. Allen Reed* $ 0 Not Applicable. Not Applicable. $ 40,000
* Messrs. Most, Carroll and Reed serve as Directors of iShares, Inc., an
investment company with 28 investment portfolios also advised by BGFA.
** Mr. Flanigan resigned from the Board of Trustees on November 15, 2000.
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PLEASE RETAIN THIS SUPPLEMENT
FOR FUTURE REFERENCE
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