GRAND PRIX FUNDS, INC.
Supplement to Prospectus dated December 31, 1997
Sales Load
Effective December 1, 1998, a 5.25% maximum front-
end sales charge will be imposed on the purchase of
Fund shares by new shareholders on or after such date,
subject to certain exceptions. Effective the same
date, the Fund's Distributor will be AmeriPrime
Financial Securities, Inc.
Existing shareholders as of November 30, 1998 will
not be subject to the front-end sales load on
additional purchases of Fund shares, nor will
reinvestments of dividends and/or capital gains be
subject to this load. Certain classes of investors,
including beneficial owners of wrap accounts who are
clients of broker-dealers that have entered into
selling agreements with the Fund's Distributor, may be
able to purchase shares at net asset value.
This information supplements and, to the extent
applicable, supersedes the information contained on
pages 3 and 11 of the Prospectus and elsewhere therein.
____________________
This Supplement should be retained with your Prospectus
for future reference.
The date of this Prospectus Supplement is October 15, 1998.
