GRAND PRIX FUNDS, INC.
Supplement to Statement of Additional Information dated
November 30, 1998
Investment Advisor
The first sentence in the fourth paragraph on page
8 should be amended to replace 1.65% with 1.72% and
December 31, 1998 with October 31, 1999. Accordingly,
this sentence should read as follows: "The Advisor has
agreed to limit the total operating expenses of the
Fund (excluding interest, taxes, brokerage and
extraordinary expenses) to an annual rate of 1.72% of
the Fund's average net assets until October 31, 1999."
Fund Transactions and Brokerage
The second sentence in the fourth paragraph on
page 9 should be amended to replace 500% with 600%.
Accordingly, this sentence should read as follows:
"The Fund anticipates that its annual portfolio
turnover rate will be between 300% and 600% but
generally will not exceed 800%."
Custodian, Transfer Agent and Dividend-Disbursing Agent
The name of the Fund's transfer agent and dividend-
disbursing agent on page 9 should be changed from
Sunstone Investor Services, LLC to Sunstone Financial
Group, Inc.
____________________
This Supplement should be retained with your Statement
of Additional Information for future reference.
The date of this Statement of Additional Information
Supplement is December 31, 1998.
