SUPPLEMENT DATED FEBRUARY 11, 2000
TO THE PROSPECTUS
DATED FEBRUARY 1, 2000
AND AMENDED ON FEBRUARY 9, 2000
OF
STOCKCAR STOCKS INDEX FUND
(the "Fund")
A Series of StockCar Stocks Mutual Fund, Inc.
(the "Company")
256 Raceway Drive, Suite 11
Mooresville, North Carolina 28117
800-494-2755
ALL SHAREHOLDERS AND POTENTIAL SHAREHOLDERS OF THE FUND ARE HEREBY NOTIFIED OF
THE FOLLOWING:
On February 7, 2000, the Board of Directors of the Company met and voted:
1. to approve an investment advisory agreement for the Fund with a new
investment adviser, Conseco Capital Management, Inc.;
2. to approve a new Plan of Distribution Pursuant to Rule 12b-1 for the Fund;
3. to Approve Amended and Restated Articles of Incorporation for the Company;
4. to nominate six new persons to serve as Directors of the Company; and
5. to appoint PricewaterhouseCoopers, LLP as the Fund's independent auditors
for the Fund's fiscal year ending September 30, 2000.
Each action of the Board described above requires the approval of the
shareholders of the Fund before it can take effect. Accordingly, the Board of
Directors has voted to call a meeting of all shareholders of the Fund to be held
on April 12, 2000. The Company filed a Preliminary Proxy Statement with the
Securities and Exchange Commission on February 11, 2000 and will mail the
Definitive Proxy Statement to all shareholders of the Fund entitled to vote on
these matters on or about February 21, 2000.
Information concerning each of the actions described above is contained in the
proxy, along with the Board's reasons for having taken such actions. To receive
a copy of the Proxy, call the Fund toll-free at 800-494-2755, and one will be
mailed to you.
