-----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, FXvAt969rL0rxcYmXHf/kRi1/NvdIVYPSSxkhSnQXafB17L4P26QxH/SMyreKvwu c7U3GWN6NMyI+6V6BL/p+w== 0001193125-04-177247.txt : 20041025 0001193125-04-177247.hdr.sgml : 20041025 20041025164533 ACCESSION NUMBER: 0001193125-04-177247 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20041025 DATE AS OF CHANGE: 20041025 EFFECTIVENESS DATE: 20041025 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CITIFUNDS TRUST I CENTRAL INDEX KEY: 0000744388 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-90518 FILM NUMBER: 041094363 BUSINESS ADDRESS: STREET 1: 125 BROAD ST 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10004 BUSINESS PHONE: 2122292554 FORMER COMPANY: FORMER CONFORMED NAME: LANDMARK FUNDS I DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: LANDMARK GROWTH & INCOME FUND DATE OF NAME CHANGE: 19900429 FORMER COMPANY: FORMER CONFORMED NAME: LANDMARKFUNDS MANAGED MUNICIPAL BOND TRUST DATE OF NAME CHANGE: 19860819 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SALOMON BROTHERS SERIES FUNDS INC CENTRAL INDEX KEY: 0000862502 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-34423 FILM NUMBER: 041094364 BUSINESS ADDRESS: STREET 1: CITIGROUP ASSET MANAGEMENT STREET 2: 125 BROAD STREET, 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10004 BUSINESS PHONE: 212-291-2556 MAIL ADDRESS: STREET 1: CITIGROUP ASSET MANAGEMENT STREET 2: 125 BROAD STREET, 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10004 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SALOMON BROTHERS INVESTORS FUND INC CENTRAL INDEX KEY: 0000074575 IRS NUMBER: 132874095 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-14025 FILM NUMBER: 041094371 BUSINESS ADDRESS: STREET 1: 399 PARK AVENUE STREET 2: C/O SALOMON BROS. ASSET MANAGEMENT INC. CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 1-800-725-6666 MAIL ADDRESS: STREET 1: 399 PARK AVENUE STREET 2: C/O SALOMON BROS. ASSET MANAGEMENT INC. CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: LEHMAN INVESTORS FUND INC DATE OF NAME CHANGE: 19900503 FORMER COMPANY: FORMER CONFORMED NAME: ONE WILLIAM STREET FUND INC DATE OF NAME CHANGE: 19850113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SMITH BARNEY INVESTMENT SERIES CENTRAL INDEX KEY: 0000810271 IRS NUMBER: 000000000 FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-11716 FILM NUMBER: 041094369 BUSINESS ADDRESS: STREET 1: 125 BROAD STREET STREET 2: 10TH FLOOR, MF-2 CITY: NEW YORK STATE: NY ZIP: 10004 BUSINESS PHONE: 800-451-2010 MAIL ADDRESS: STREET 1: 125 BROAD STREET STREET 2: 10TH FLOOR, MF-2 CITY: NEW YORK STATE: NY ZIP: 10004 FORMER COMPANY: FORMER CONFORMED NAME: CONCERT INVESTMENT SERIES DATE OF NAME CHANGE: 19980224 FORMER COMPANY: FORMER CONFORMED NAME: COMMON SENSE TRUST DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SALOMON BROTHERS CAPITAL FUND INC CENTRAL INDEX KEY: 0000202385 IRS NUMBER: 132874095 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-57073 FILM NUMBER: 041094370 BUSINESS ADDRESS: STREET 1: CITIGROUP ASSET MANAGEMENT STREET 2: 125 BROAD STREET, 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10004 BUSINESS PHONE: 212-291-2556 MAIL ADDRESS: STREET 1: CITIGROUP ASSET MANAGEMENT STREET 2: 125 BROAD STREET, 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10004 FORMER COMPANY: FORMER CONFORMED NAME: LEHMAN CAPITAL FUND INC DATE OF NAME CHANGE: 19900503 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SALOMON BROTHERS OPPORTUNITY FUND INC CENTRAL INDEX KEY: 0000277585 IRS NUMBER: 132967825 STATE OF INCORPORATION: MD FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-63023 FILM NUMBER: 041094368 BUSINESS ADDRESS: STREET 1: CITIGROUP ASSET MANAGEMENT STREET 2: 125 BROAD STREET, 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10004 BUSINESS PHONE: 212-291-2556 MAIL ADDRESS: STREET 1: CITIGROUP ASSET MANAGEMENT STREET 2: 125 BROAD STREET, 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10004 FORMER COMPANY: FORMER CONFORMED NAME: LEHMAN OPPORTUNITY FUND INC DATE OF NAME CHANGE: 19900503 FORMER COMPANY: FORMER CONFORMED NAME: LBKL CAPITAL OPPORTUNITY FUND INC DATE OF NAME CHANGE: 19850115 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SMITH BARNEY INCOME FUNDS CENTRAL INDEX KEY: 0000764624 IRS NUMBER: 000000000 FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-96408 FILM NUMBER: 041094366 BUSINESS ADDRESS: STREET 1: 125 BROAD STREET STREET 2: 10TH FLOOR, MF-2 CITY: NEW YORK STATE: NY ZIP: 10004 BUSINESS PHONE: 800-451-2010 MAIL ADDRESS: STREET 1: 125 BROAD STREET STREET 2: 10TH FLOOR, MF-2 CITY: NEW YORK STATE: NY ZIP: 10004 FORMER COMPANY: FORMER CONFORMED NAME: SMITH BARNEY SHEARSON INCOME FUNDS DATE OF NAME CHANGE: 19931015 FORMER COMPANY: FORMER CONFORMED NAME: SHEARSON LEHMAN BROTHERS INCOME FUNDS DATE OF NAME CHANGE: 19930331 FORMER COMPANY: FORMER CONFORMED NAME: SHEARSON LEHMAN BROTHERS INCOME PORTFOLIOS DATE OF NAME CHANGE: 19921030 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SALOMON FUNDS TRUST CENTRAL INDEX KEY: 0000794047 IRS NUMBER: 046554307 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-05819 FILM NUMBER: 041094365 BUSINESS ADDRESS: STREET 1: 21 MILK STREET STREET 2: 5TH FLOOR CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6174231679 MAIL ADDRESS: STREET 1: SEVEN WORLD TRADE CENTER, 39TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10048 FORMER COMPANY: FORMER CONFORMED NAME: CITIFUNDS TAX FREE INCOME TRUST DATE OF NAME CHANGE: 19981030 FORMER COMPANY: FORMER CONFORMED NAME: LANDMARK NEW YORK TAX FREE INCOME FUND DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SMITH BARNEY ADJUSTABLE RATE GOVERNMENT INCOME FUND CENTRAL INDEX KEY: 0000887428 IRS NUMBER: 000000000 FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-47782 FILM NUMBER: 041094367 BUSINESS ADDRESS: STREET 1: 125 BROAD STREET STREET 2: 10TH FLOOR, MF-2 CITY: NEW YORK STATE: NY ZIP: 10004 BUSINESS PHONE: 800-451-2010 MAIL ADDRESS: STREET 1: 125 BROAD STREET STREET 2: 10TH FLOOR, MF-2 CITY: NEW YORK STATE: NY ZIP: 10004 FORMER COMPANY: FORMER CONFORMED NAME: SMITH BARNEY SHEARSON ADJUSTABLE RATE GOVERNMENT INCOME FD DATE OF NAME CHANGE: 19931015 FORMER COMPANY: FORMER CONFORMED NAME: SHEARSON LEHMAN BROTHERS ADJUSTABLE RATE GOVT INCOME FUND DATE OF NAME CHANGE: 19920929 497 1 d497.htm VARIOUS SMITH BARNEY AND SALOMON BROTHERS FUNDS Various Smith Barney and Salomon Brothers Funds

SUPPLEMENT DATED OCTOBER 25, 2004

TO THE

PROSPECTUSES

OF THE

FUNDS INDICATED BELOW

 

 

The section of each of the Prospectuses for the Funds listed below entitled “Management—Recent Developments” is deleted and replaced with the following:

 

In connection with an investigation previously disclosed by Citigroup, the Staff of the Securities and Exchange Commission (SEC) has notified Citigroup Asset Management (CAM), the Citigroup business unit that includes the funds’ investment manager and other investment advisory companies; Citicorp Trust Bank (CTB), an affiliate of CAM; Thomas W. Jones, the former CEO of CAM; and two other individuals, one of whom is an employee and the other of whom is a former employee of CAM, that the SEC Staff is considering recommending a civil injunctive action and/or an administrative proceeding against each of them relating to the creation and operation of an internal transfer agent unit to serve various CAM-managed funds.

 

In 1999, CTB entered the transfer agent business. CTB hired an unaffiliated subcontractor to perform some of the transfer agent services. The subcontractor, in exchange, had signed a separate agreement with CAM in 1998 that guaranteed investment management revenue to CAM and investment banking revenue to a CAM affiliate. The subcontractor’s business was later taken over by PFPC Inc., and at that time the revenue guarantee was eliminated and a one-time payment was made by the subcontractor to a CAM affiliate.

 

CAM did not disclose the revenue guarantee when the boards of various CAM-managed funds hired CTB as transfer agent. Nor did CAM disclose to the boards of the various CAM-managed funds the one-time payment received by the CAM affiliate when it was made.

 

In addition, the SEC Staff has indicated that it is considering recommending action based on the adequacy of the disclosures made to the fund boards that approved the transfer agency arrangement, CAM’s initiation and operation of, and compensation for, the transfer agent business and CAM’s retention of, and agreements with, the subcontractor.

 

Citigroup is cooperating fully in the investigation and will seek to resolve the matter in discussions with the SEC Staff. Although there can be no assurance, Citigroup does not believe that this matter will have a material adverse effect on the funds. As previously disclosed, CAM has already agreed to pay the applicable funds, primarily through fee waivers, a total of approximately $17 million (plus interest) that is the amount of the revenue received by Citigroup relating to the revenue guarantee.

 

The funds did not implement the contractual arrangement described above and therefore will not receive any portion of such payment.

SALOMON BROTHERS SERIES FUNDS INC

    April 29, 2004

SALOMON FUNDS TRUST

    April 29, 2004

SALOMON BROTHERS MID CAP FUND

     

SALOMON BROTHERS NATIONAL TAX FREE BOND FUND

     

SALOMON BROTHERS CALIFORNIA TAX FREE BOND FUND

     

SALOMON BROTHERS NEW YORK TAX FREE BOND FUND

     

 

1

SALOMON BROTHERS CAPITAL FUND INC

    April 29, 2004

SALOMON BROTHERS INVESTORS VALUE FUND INC

    April 29, 2004

SALOMON BROTHERS OPPORTUNITY FUND INC

    December 29, 2003

SB ADJUSTABLE RATE INCOME FUND

    September 28, 2004

Salomon Brothers Classes Of Shares

     

SMITH BARNEY INVESTMENT SERIES

     

SB GROWTH AND INCOME FUND

    February 27, 2004

Salomon Brothers Classes Of Shares

     

SB GOVERNMENT PORTFOLIO

    February 27, 2004

Salomon Brothers Class B Shares

     

SMITH BARNEY INCOME FUNDS

     

SB CAPITAL AND INCOME FUND

    April 29, 2004

Salomon Brothers Classes Of Shares

     

SB CONVERTIBLE FUND

    November 28, 2003

Salomon Brothers Classes Of Shares

     

CITIFUNDS TRUST I

     

SALOMON BROTHERS AGGRESSIVE GROWTH FUND

    March 30, 2004

 

 

SAM0629

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