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STOCKCAR STOCKS MUTUAL FUND, INC.
STOCKCAR STOCKS INDEX FUND
SUPPLEMENT DATED SEPTEMBER 17, 1998
TO
PROSPECTUS DATED SEPTEMBER 16, 1998
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StockCar Stocks Index Fund
Initial Subscription Offering at
$15.00 Per Share
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The prospectus for StockCar Stocks Index Fund is hereby
supplemented by adding the following:
StockCar Stocks Index Fund (the "Fund") will commence operations on October 1,
1998. Prior to the commencement of operations, the Fund's Distributor, the
Declaration Group, will accept subscriptions for the Fund's shares at the
initial offering price of $15.00 per share. The initial offering period for the
shares is currently scheduled from September 16, 1998 through 3:00 p.m., Eastern
time, September 30, 1998 (the "Subscription period"). Subscriptions for shares
of the Fund received during the Subscription Period will be accepted by the Fund
and become firm orders when the Fund commences operations on October 1st. Checks
accompanying subscriptions received during the Subscription Period will be held
uninvested until the close of business on September 30, 1998. Checks received
after October 1st will be invested in the Fund at its current net asset value.
The prospectus for StockCar Stocks Index Fund is hereby
amended as follows:
FEES AND EXPENSES
Shareholder Transaction Expenses:
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Sales Load Imposed on Purchases.(1) NONE
Sales load Imposed on Reinvested Dividends. NONE
Deferred Sales Load. NONE
Redemption Fees. 0.50%*
(1) Investors may be charged a fee if they effect a transaction through a broker
or agent.
* This fee is only imposed on shares that are held for less than six months. See
"Redeeming Shares" for a fuller explanation of this fee.
