GRAND PRIX FUNDS INC
497, 1999-04-08
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                GRAND PRIX FUNDS, INC.
                           
 Supplement to the Statement of Additional Information
dated February 26, 1999 as supplemented March 9 and 24,
1999.
                           
                           
Sales Charge Reductions

     The last sentence in the first paragraph under
this heading on page 14 of the SAI should be deleted in
its entirety.  Accordingly, the paragraph should read
as follows:  "The Fund's sales charge will be reduced
to 1% for sponsored arrangements with organizations
that make recommendations to or permit group
solicitations of the organization's employees, members
or participants.  The Fund may, at its discretion, name
a single registered representative as servicing agent
for the organization.  In addition, if you are not
eligible for a sales charge waiver, you may be able to
combine multiple purchases of Fund shares to take
advantage of the breakpoints in the sales charge
schedule."

     This information supersedes the relevant
information contained on page 14 of the SAI.


                           
                           
     The date of this Supplement is April 8, 1999.



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