<PAGE> 1
GODFREY & KAHN, S.C.
ATTORNEYS AT LAW
780 North Water Street
Milwaukee, WI 53202
Phone (414) 273-3500 Fax (414) 273-5198
January 8, 1999
VIA EDGAR
Securities and Exchange Commission
Division of Investment Management
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Grand Prix Funds, Inc.; (Registration Nos.: 333-39133; 811-8461)
Ladies and Gentlemen:
On behalf of the Grand Prix Funds, Inc. (the "Fund") and pursuant to
Rule 497(e) under the Securities Act of 1933, as amended, we hereby file a
Supplement to the Fund's Prospectus dated November 30, 1998 and Supplements
dated December 31, 1998 and January 1, 1999.
If you have any questions concerning this filing, please do not
hesitate to contact me.
Very Truly Yours,
GODFREY & KAHN, S.C.
/s/ Carol A. Gehl
Carol A. Gehl
cc: Briccio B. Barrientos - SEC (paper copy)
Robert Zuccaro - Grand Prix (paper copy)
James Arnold - Sunstone (paper copy)
Renee Hardt Torr - G&K (paper copy)
<PAGE> 2
GRAND PRIX FUNDS, INC.
Supplement to Prospectus Dated November 30, 1998
REDUCED SALES CHARGE
You will be entitled to a reduced sales charge if you purchase
Fund shares on Friday, January 15, 1999. Any investor who purchases Fund shares
on January 15, 1999, will pay an initial sales charge of 1.00% of the offering
price regardless of the amount of shares purchased.
This information supplements the information contained on pages 15-21
of the Prospectus and elsewhere therein.
_______________________________
This Supplement should be retained with your Prospectus for future reference.
The date of the Prospectus Supplement is January 8, 1999.
