<PAGE> 1
Supplement dated January 11, 2001
to the Prospectus dated December 18, 2000
of
CIF CORE PLUS BOND FUND
A Fund of the
COMMONFUND INSTITUTIONAL FUNDS
15 OLD DANBURY RD
P.O. BOX 812
WILTON, CONNECTICUT
06897-0812
------------------
The table relating to the Prior Performance of Sub-Advisers for the CIF
Core Plus Bond Fund on page 16 of the prospectus is hereby deleted and replaced
with the following:
CIF Core Plus Bond Fund
Historical Performance for Periods Ended September 30, 2000
Average Annual Total Return
<TABLE>
<CAPTION>
----------------------------------------------------------
Past Past Past five Past ten
one three years year
year years
----------------------------------------------------------
<S> <C> <C> <C> <C>
PIMCO 6.93% 6.24% 7.13% 9.03%
----------------------------------------------------------
WAMCO 7.19% 5.96% 6.86% 8.89%
----------------------------------------------------------
Lehman 6.99% 5.92% 6.47% 8.04%
Brothers
Aggregate
Bond
Index
----------------------------------------------------------
</TABLE>
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
