SCHEDULE 14A INFORMATION PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the Registrant [x] Filed by a Party other than the Registrant [ ] 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 The Rodney Square Fund The Rodney Square Tax-Exempt Fund The Rodney Square Strategic Fixed-Income Fund The Rodney Square Strategic Equity Fund -------------------------------------------------- (Name of Registrant as Specified In Its Charter) ------------------------------------------------------------------------ (Name of Person(s) Filing Proxy Statement, 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): ------------------------------------------------------------------------ 4) Proposed maximum aggregate value of transaction: ------------------------------------------------------------------------ 5) Total fee paid: ------------------------------------------------------------------------ [ ] 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: Supplement dated October 7, 1999 to The Rodney Square Fund The Rodney Square Tax-Exempt Fund The Rodney Square Strategic Fixed-Income Fund The Rodney Square Strategic Equity Fund Proxy Statement dated September 20, 1999 The following information replaces and supersedes the disclosure concerning "Principal Shareholders" on pages 23 and 24 of the Proxy Statement: "National Financial Services Corp. (record owner) 147,252,564.94 8.15% P.O. Box 3752 New York, NY 10008 TOTAL 1,778,642,665.03 RODNEY SQUARE TAX-EXEMPT FUND Lack & Lindsay 395,742,103.43 88.50% Rodney Square North Wilmington, DE 19890 Rodney Square Management Corporation 40,500,559.02 9.06% 1100 N. Market St. Wilmington, DE 19890 TOTAL 436,242,662.45 INTERMEDIATE BOND PORTFOLIO Wilmington Trust Company, Trustee 2,007,799.82 22.51% For Wilmington Trust Company Pension Trust P.O. Box 8882 Wilmington, DE 19899 Wilmington Trust Company, Trustee 1,540,364.96 17.27% For Paul Mellon Pension Plan P.O. Box 8882 Wilmington, DE 19899 Wilmington Trust Company, Trustee 536,934.34 6.02% For Milford Memorial Hospital P.O. Box 8882 Wilmington, DE 19899 Wilmington Trust Company, Trustee 469,637.69 5.27% For Wilmington Trust Company 401(k) Thrift Savings Plan P.O. Box 8882 Wilmington, DE 19899 TOTAL 4,554,736.81 MUNICIPAL BOND PORTFOLIO National Financial Service Corp. (record owner) 264,424.76 20.09% P.O. Box 3908 New York, NY 10008 Rodney Square Management Corp. 515,430.80 39.15% 1100 N. Market St. Wilmington, DE 19890 Wilmington Brokerage Services Company 206,173.57 15.66% P.O. Box 8988 Wilmington, DE 19899 TOTAL 986,029.13 SMALL CAP EQUITY PORTFOLIO Wilmington Trust Company, Trustee 1,322,250.65 16.88% For Wilmington Trust Company Pension Trust P.O. Box 8882 Wilmington, DE 19899 Wilmington Trust Company, Trustee 1,489,800.16 19.02% For Wilmington Trust Company 401(k)Thrift Savings Plan P.O. Box 8882 Wilmington, DE 19899 TOTAL 2,812,050.81 INTERNATIONAL EQUITY PORTFOLIO Wilmington Trust Company, Trustee 1,730,776.27 25.32% For Wilmington Trust Company Pension Trust P.O. Box 8882 Wilmington, DE 19899 Wilmington Trust Company 374,399.17 5.48% For U. of Virginia P.O. Box 8882 Wilmington, DE 19899 Wilmington Trust Company, Trustee 724,228.98 10.60% For Wilmington Trust Company 401(k)Thrift Savings Plan P.O. Box 8882 Wilmington, DE 19899 TOTAL 2,829,404.42 As of the Record Date, the Trustees and officers of the RS Funds owned, in the aggregate, less than 1% of each RS Portfolio's outstanding shares."