497 1 a978502.txt SUPPLEMENT FOR U.S. GOV'T FUND Rule 497(e) File Nos. 33-6540 and 811-5033 SUPPLEMENT Dated April 4, 2001 to Prospectus dated September 30, 2000 CITI(SM) SHORT-TERM U.S. GOVERNMENT INCOME FUND On or about April 4, 2001, Citibank, N.A., the fund's investment adviser and administrator, expects to transfer its asset management business, including investment management and administration of the fund, to its newly formed affiliate, Citi Fund Management Inc. The fund anticipates that the current Citibank personnel will continue to manage and administer the fund's portfolio through Citi Fund Management. Citi Fund Management is located at 100 First Stamford Place, Stamford, Connecticut. Citi Fund Management and Citibank are subsidiaries of Citigroup Inc. FD02277 0301 Rule 497(e) File Nos. 33-6540 and 811-5033 SUPPLEMENT Dated April 4, 2001 to Statement of Additional Information dated September 30, 2000 CITI(SM) SHORT-TERM U.S. GOVERNMENT INCOME FUND On or about April 4, 2001, Citibank, N.A., the fund's investment adviser and administrator, expects to transfer its asset management business, including investment management and administration of the fund, to its newly formed affiliate, Citi Fund Management Inc. The fund anticipates that the current Citibank personnel will continue to manage and administer the fund's portfolio through Citi Fund Management. Citi Fund Management is located at 100 First Stamford Place, Stamford, Connecticut. Citi Fund Management and Citibank are subsidiaries of Citigroup Inc.