THE CATHOLIC FUNDS, INC.
Supplement dated May 5, 2000, to the prospectus dated January 31, 2000, for The
Catholic Equity Income, Large-Cap Growth and Disciplined Capital Appreciation
Funds. The following information replaces the portfolio manager information
contained in the "Management" section of the prospectus under the Heading
"Disciplined Capital Appreciation Fund."
The Catholic Disciplined Capital Appreciation Fund is managed by a committee of
investment professionals comprised of Vantage Investment Advisor personnel
overseen by its office of the chief executive officer.
Please keep this supplement with your records.
