-----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, OBEygidEcuiYTUnj140yrFsW8lFgFPPwiavtvawFE9mcn6wv+h3ZCcaae31OoMQJ wFfbljBUVDsaRM+8k6gZng== 0001193125-08-221468.txt : 20081031 0001193125-08-221468.hdr.sgml : 20081031 20081031150328 ACCESSION NUMBER: 0001193125-08-221468 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20081031 DATE AS OF CHANGE: 20081031 EFFECTIVENESS DATE: 20081031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND) CENTRAL INDEX KEY: 0000810902 IRS NUMBER: 136891420 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-12112 FILM NUMBER: 081154216 BUSINESS ADDRESS: STREET 1: 767 FIFTH AVE STREET 2: 49TH FL CITY: NEW YORK STATE: NY ZIP: 10153 BUSINESS PHONE: 2125832000 MAIL ADDRESS: STREET 1: 767 FIFTH AVE STREET 2: 49TH FL CITY: NEW YORK STATE: NY ZIP: 10153 FORMER COMPANY: FORMER CONFORMED NAME: BARON ASSET FUND DATE OF NAME CHANGE: 19920703 0000810902 S000000582 BARON ASSET FUND C000001635 BARON ASSET FUND BARAX 0000810902 S000000583 BARON GROWTH FUND C000001636 BARON GROWTH FUND BGRFX 0000810902 S000000584 BARON SMALL CAP FUND C000001637 BARON SMALL CAP FUND BSCFX 0000810902 S000000585 BARON iOPPORTUNITY FUND C000001638 BARON iOPPORTUNITY FUND BIOPX 0000810902 S000000586 BARON FIFTH AVENUE GROWTH FUND C000001639 BARON FIFTH AVENUE GROWTH FUND BFTHX 497 1 d497.htm BARON FUNDS Baron Funds

 

BARON

FUNDS®

Baron Asset Fund

Baron Growth Fund

Baron Small Cap Fund

Baron iOpportunity Fund

Baron Fifth Avenue Growth Fund

Supplement dated October 31, 2008 to Prospectus dated January 23, 2008

Effective 30 days from the date of this Supplement, in connection with Baron Asset Fund, the definition of mid-sized growth company is one having a market capitalization of $1.5 billion to $12 billion at the time of purchase. The Prospectus of the Baron Funds® (the “Funds”), which currently defines a mid-sized growth company as one having a market capitalization of $2.5 billion to $10 billion at the time of purchase, is modified as follows:

On page 4 of the Prospectus, the second sentence of the second full paragraph, which begins with “Baron Asset Fund,” now reads: “A mid-sized growth company is defined as one having a market capitalization of $1.5 billion to $12 billion at the time of purchase.”

This information supplements the Prospectus dated January 23, 2008. This Supplement and the Prospectus constitute a current prospectus. To request another copy of the Prospectus, please call 1-800-992-2766 or visit our website at www.BaronFunds.com.

 

B A R O N

F U N D S®

Baron Asset Fund

Baron Growth Fund

Baron Small Cap Fund

Baron iOpportunity Fund

Baron Fifth Avenue Growth Fund

Supplement dated October 31, 2008

to Statement of Additional Information dated January 23, 2008

Effective 30 days from the date of this Supplement, in connection with Baron Asset Fund, the definition of medium-sized growth company is one having a market capitalization of $1.5 billion to $12 billion at the time of purchase. The Statement of Additional Information of the Baron Funds® (the “Funds”), which currently defines a medium-sized growth company as one having a market capitalization of $2.5 billion to $10 billion at the time of purchase, is modified as follows:

On page 3 of the Statement of Additional Information, the second sentence in the first paragraph under “Investment Goals, Strategies and Risks,” now reads: “Baron Asset Fund invests for the long-term primarily in medium-sized growth companies with market capitalizations at the time of purchase of between $1.5 billion and $12 billion.”

This information supplements the Statement of Additional Information dated January 23, 2008. This Supplement and the Statement of Additional Information constitute a current statement of additional information. To request another copy of the Prospectus and Statement of Additional Information, please call 1-800-992-2766 or visit our website at www.BaronFunds.com.

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