GRAND PRIX FUNDS INC
497, 2000-07-28
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                GRAND PRIX FUNDS, INC.

    Supplement to Prospectus Dated January 31, 2000

Money Market Exchange

     Effective August 1, 2000, you can exchange shares
of Grand Prix Fund for shares of the Federated Prime Cash
Series.  Effective August 1, 2000, you will no longer
be able to exchange shares of the Fund for shares of
the Firstar Money Market Funds.

     This information supplements and to the extent
applicable supersedes the information contained on
pages 12 and 16 of the Prospectus.

     For more information on exchanges, please call
1-800-432-4741.

  -------------------------------------------------------

  The date of this Prospectus Supplement is July 28, 2000.






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