GRAND PRIX FUNDS, INC.
Supplement to Prospectus dated November 30, 1998
Portfolio Turnover
The Fund's annual portfolio turnover rate could
range from 300 to 600%, but generally will not exceed
800%.
This information supplements and, to the extent
applicable, supersedes the information contained on
pages 2, 7 and 10 of the Prospectus.
Fee for Returned Checks or Electronic Funds Transfers
The fee for returned checks or electronic funds
transfers is $20.
This information supplements and, to the extent
applicable, supersedes the information contained on
pages 4, 19 and 20 of the Prospectus.
Expense Limitation
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.
This information supplements and, to the extent
applicable supersedes the information contained on
pages 5 and 13 of the Prospectus. Accordingly, the
following changes should also be made to the
Prospectus.
The percentage in the Annual Fund Operating
Expenses table on page 4 which relates to Other
Expenses should be amended to replace 0.40% with 0.47%,
and Total Operating Expenses should be amended to
replace 1.65% with 1.72%.
The third sentence in footnote 4 on page 5 should
be amended to read "Absent this limitation, other
expenses and total operating expenses of the Fund would
have been 14.68% and 15.93%, respectively for the ten
months ended October 31, 1998."
The expenses in the Example on page 5 should be
amended as follows. The expenses for 1 year should be
$69 and the expenses for 3 years should be $104.
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Transfer Agent
The name of the Fund's Transfer Agent should be
changed from Sunstone Investor Services, LLC to
Sunstone Financial Group, Inc. All references to
"Transfer Agent" and "Administrator" should be changed
to "Sunstone."
This information supplements and, to the extent
applicable, supersedes the information contained on
pages 13, 17, 23, 25 and 31 of the Prospectus and
elsewhere therein.
Sales Load
The Total Sales Charge table on page 15 should be
amended so that the last row reads as follows:
Portion of
As a Percentage As a Percentage Offering Price
Your Investment of Offering of Your Retained
Price Investment by Dealer *
$1,000,001 or more 1.00% 1.01% 1.00%
The eighth entry under "Sales Charge Waivers" on
page 16 should be amended to replace 10 with 15 and
"and on which the investor paid a contingent deferred
sales charge" should be deleted. Accordingly, this
entry should read as follows: "any person who
purchases shares of the Fund with redemption proceeds
from a registered investment company other than the
Fund, provided that the proceeds are invested in the
Fund within 15 days of the redemption."
Shares of the Fund may also be purchased at a
reduced sales charge. Investors who purchase Fund
shares on January 15, 1999 pay an initial sales charge
of 1.00% of the offering price.
This information supplements and, to the extent
applicable, supersedes the information contained on
pages 15 - 21 of the Prospectus and elsewhere therein.
Opening an Account by Wire
The last sentence in the first paragraph under
"Opening an Account by Wire" on page 18 should be
amended to read as follows: "Funds should be wired
through the Federal Reserve System as follows:
UMB Bank
A.B.A. Number: 101000695
For credit to: Grand Prix Funds
Account Number: 987-096-4201
For further credit to:
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(investor account number)
(name or account registration)
(Social Security or Taxpayer Identification Number)
Automatic Investment Plan
The sentence which begins "Under certain
circumstances" on page 20 under "Automatic Investment
Plan" and the two sentences thereafter should be
deleted.
____________________
This Supplement should be retained with your Prospectus
for future reference.
The date of this Prospectus Supplement is December 31, 1998.
