SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. __)
Filed by the Registrant [ ]
Filed by a Party other than the Registrant [X]
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Confidential, for use of the Commission Only (as permitted by
Rule 14a-6(e)(2))
[ ] Definitive Proxy Statement
[X] Definitive Additional Materials
[ ] Soliciting Material Pursuant to (ss.)240.14a-11(c) or (ss.)240.14a-12
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(Name of Registrant as Specified In Its Charter)
DG Investor Series
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(Name of Person(s) Filing Definitive Additional Materials if other than
the Registrant)
Payment of Filing Fee (Check the appropriate box):
[X] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-
11.
(1) Title of each class of securities to which transaction applies:
(2) Aggregate number of securities to which transaction applies:
(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (Set forth the amount on which
the filing fee is calculated and state how it was determined):
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[ ] Fee paid previously with preliminary materials.
[ ] Check box if any part of the fee is offset as provided by Exchange
Act Rule 0-11(a)(2) and identify the filing for which the offsetting
fee was paid previously. Identify the previous filing by registration
statement number, or the Form or Schedule and the date of its filing.
(1) Amount Previously Paid:
(2) Form, Schedule or Registration Statement No.:
(3) Filing Party:
(4) Date Filed:
Dear DG Shareholder:
The Board of Trustees of the DG Investor Series has called a special
shareholders meeting concerning matters that are important to you.
As you may be aware, Deposit Guaranty Corp. completed a merger with and into
First American Corporation on May 1, 1998. As a result, the new organization has
since taken steps to consolidate the mutual fund investment advisory activities
of both banks under one umbrella. We believe that these actions will result in
positive benefits for DG shareholders.
As the next step in the consolidation process, you are asked to vote on the
approval of the reorganization of the DG Investor Series into the AmeriStar
Portfolios of The Infinity Mutual Funds, Inc. As part of the reorganization, the
newly combined funds will be renamed the ISG FUNDS. Upon completion of the
proposed reorganization, the ISG Funds will consist of 19 funds with over $2.6
billion in assets.
WHAT DO THESE CHANGES MEAN TO YOU?
o The aggregate value of the shares you held before the reorganization
will not change and will be the same immediately after the
reorganization.
o The reorganization will be tax-free and will not involve
any sales loads, commissions or transaction charges.
o The investment objectives and policies of your fund will be
substantially similar to your fund's current objectives and policies
except as stated in the enclosures.
KEY BENEFITS OF THE REORGANIZATION:
o Substantial increase in the number of fund choices available to you.
o Enhanced investment management expertise and improved research
capabilities.
o Improved shareholder servicing and the elimination of redundant
administration costs to the funds.
o Greater efficiencies in the operational management of the funds.
As a result, the DG Investor Series' Board of Trustees has voted in favor of the
proposed reorganization and strongly encourages that you vote "For" the proposal
as well. The reorganization and other related matters are discussed in detail in
the enclosed materials, which you should read carefully.
FUND COMBINATIONS AND NEW FUND NAMES:
In connection with the reorganization of the DG Investor Series, each DG Fund
listed below will transfer all of its assets and liabilities to the indicated
ISG Fund in exchange for Shares of such ISG Fund, assuming that the
reorganization is approved by shareholders. This transaction is described in
detail in the enclosed materials, which you should read carefully.
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DG FUNDS ISG FUNDS
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DG Equity Fund -> ISG Large Cap Equity Fund
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DG Opportunity Fund -> ISG Small Cap Opportunity Fund
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DG International Equity Fund -> ISG International Equity Fund
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DG Government Income Fund -> ISG Government Income Fund
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DG Limited Term Government -> ISG Limited Duration U.S.
Income Fund Government Fund
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DG Municipal Income Fund -> ISG Municipal Income Fund
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DG Prime Money Market Fund -> ISG Prime Money Market Fund
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DG Treasury Money Market Fund -> ISG U.S. Treasury Money Market
Fund
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VOTING INSTRUCTIONS
Vote by mail. Enclosed is a proxy card for the meeting. We urge you to read the
enclosed proxy statement and to vote now by completing, signing and returning
the enclosed proxy ballot form(s) in the prepaid envelope as soon as possible.
If you are a shareholder of more than one DG Fund, you will receive a proxy card
for each of your Funds. Please vote and return each proxy card you receive. This
will ensure that your shares will be represented at the shareholders meeting to
be held on December 11, 1998. Your vote is essential!
If you prefer, you can vote your shares over the automated phone by calling
1-800-690-6903. Or, you can vote your proxy via the Internet at
"WWW.PROXYVOTE.COM".
We are pleased with the opportunities the reorganization will provide to better
serve our mutual fund investors. If you have any questions, your account manager
will be happy to assist you. Or, you can call Shareholder Communications at
800-733-8481 x447. Thank you for your cooperation.
Sincerely yours,
Frederick S. Crown Jr.
Chief Investment Officer
DG INVESTOR SERIES
Hello, my name is __________________. May I please speak with _____________? I'm
calling on behalf of your current investment in the DG ___ Fund. Briefly,
I wanted to be sure you received a proxy card for the special meeting of
shareholders to be held on December 11, 1998. Has that arrived? [If Yes, go to
(I)A. If No, go to (I)B.]
(I)A. Have you had a chance to return that yet? [If Yes, go to (II)A. If No,
go to (II)B.]
(I)B. Would you like us to mail you another proxy card. Do you live at (check
address)? We'll mail that today. [If Yes or No, go to (VII).]
(II)A. For whatever reason, that vote is not yet registered. Would you like
to place a vote right now over the telephone? [If Yes, go to (III)A. If No, go
to (III)B.]
(II)B. Did you know that you can vote your shares over the telephone instead of
returning the card? [If Yes or No, go to (V).]
(III)A. Would you like to register a vote along with the recommendations of the
Board of Trustees? [If Yes, go to (IV)A. If No, go to (IV)B.]
(III)B. If you could return your vote in the mail or phone it in, it would be
appreciated. [Go to (VII).]
(IV)A. I am recording your _____ vote and will send you a printed confirmation
to (address). For our records, may I have the last four digits of the Social
Security or Tax I.D. number that appears on the account? [If Yes or No, go to
(VII).]
(IV)B. Would you like to review the proposals? [If Yes, recite the proposals
as set forth in the Notice of Special Meeting of Shareholders and go back to
(IV)A or, if the shareholder has additional questions about the proposals,
advise him/her to contact his/her Service Representative and go to (VII).
If No, go to (VI)B.]
(V). Would you be interested in casting a vote now? [If Yes, go to (VI)A. If
No, go to (VI)B.]
(VI)A. Would you like to register a vote along with the recommendations of the
Board of Trustees? [If Yes, go back to (IV)A. If No, go back to (IV)B.]
(VI)B. If you could return your vote in the mail or phone it in, it would be
appreciated. [Go to (VII).]
(VII). Thank you for your time and have a good _________________.
MACHINE MESSAGE: This message is to remind you that a special meeting of the
DG ___ Fund is scheduled for December 11, 1998. To quickly vote your
shares over the telephone, simply call (800) 733-8481 and ask for Extension 400.
When calling please refer to record # ______. Representatives are available
until 11:00 p.m. Eastern Time and will be happy to assist. Your vote is
important! Thank you.