GRAND PRIX FUNDS, INC.
Supplement to Statement of Additional Information dated
February 26, 1999, as supplemented on March 9, 1999.
Financial Intermediaries
The following paragraph should be added under
"Purchase, Redemption and Pricing of Shares" on page 13
of the SAI:
"Broker-dealers, financial institutions and other
financial intermediaries that have entered into
agreements with the Advisor and/or Distributor on
behalf of the Fund may enter purchase or redemption
orders on behalf of their customers. If you purchase
or redeem shares of the Fund through a financial
intermediary, certain features of the Fund relating to
such transactions may not be available or may be
modified in accordance with the terms of the
intermediaries' agreement with the Advisor and /or
Distributor. In addition, certain operational policies
of the Fund, including those relating to settlement and
dividend accrual, may vary from those applicable to
direct shareholders of the Fund and may vary among
intermediaries. We urge you to consult your financial
intermediary for more information regarding these
matters. In addition, the Fund may pay, directly or
indirectly, amounts to financial intermediaries that
provide transfer agent and/or other administrative
services relating to their customers provided, however,
that the Fund will not pay more for these services
through intermediary relationships than it would if the
intermediaries' customers were direct shareholders in
the Fund. Certain financial intermediaries may charge
a commission or other transaction fee for their
services."
Sales Charge Reductions
The second full paragraph on page 13 of the SAI
should be deleted and replaced in its entirety with the
following:
"The Fund's sales charge will also be reduced to
1% for those persons who sell shares of a mutual fund,
other than the Fund, and use any amount of the proceeds
to purchase Fund shares within 90 days of such sale. A
sales charge reduction qualification form must be
completed and included with the required account
application(s)."
Automatic Investment Plan
The first two sentences currently contained under
"Automatic Investment Plan" on page 14 of the SAI
should be deleted and replaced in their entirety with
the following:
"Effective immediately, the Fund's AIP per
transaction amount has been lowered from $1,000 to
$250. Accordingly, you may make purchases of shares of
the Fund automatically on a regular basis provided you
invest at least $250 per transaction. You must meet
the Fund's minimum initial investment of $5,000 before
the AIP may be established."
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This information supersedes or supplements the
information contained on pages 13 and 14 of the
Statement of Additional Information.
Please retain this supplement with your Statement of
Additional Information.
The date of this Supplement is March 24, 1999.
