Texas Capital Value Funds, Inc.
Supplement to the Prospectus and Statement of Additional information
dated January 31st, 1998.
Effective November 1:
The prospectus and statement of additional information have been changed to
remove the current Distributor, Choice Investments Inc. Any references to
them has been removed from the prospectus and replaced with Rafferty Capital
Markets, Inc., the Fund's new distributor. This change has been approved by
the Board of Directors, including a majority of independent directors, at a
meeting called for that purpose.
November 1, 1998
