CENTURION FUNDS, INC.
on behalf of
Centurion U.S. Equity Fund
Centurion International Equity Fund
Centurion U.S. Contra Fund
Centurion International Contra Fund
(the "Funds")
Supplement to the Prospectus and
Statement of Additional Information
dated December 4, 1998
The following supersedes certain information
contained in the Prospectus and Statement of
Additional Information of the Funds:
On November 19, 1999, the Board of Directors
authorized a change in the method of pricing stock
index options held by the Funds. Stock index options
will be valued at the last price, but if that price
does not fall within the bid and ask price for the
stock index option when the market closes at 4:15
p.m. Eastern Time, then the stock index option will
be valued at the mean between the bid and asked
quotations.
Dated: December 7, 1999
