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EXCELSIOR FUNDS, INC.
Blended Equity Fund
Large Cap Growth Fund
Optimum Growth Fund
Small Cap Fund
Value and Restructuring Fund
Value Equity Fund
Energy and Natural Resources Fund
Real Estate Fund
Technology Fund
Supplement dated November 14, 2000
to Prospectus dated August 1, 2000
(as revised September 12, 2000)
The third paragraph under the "Portfolio Managers" section on page 24 is
deleted in its entirety.
The fourth paragraph under the "Portfolio Managers" section on page 24 is
revised and restated in its entirety to read as follows:
All investment decisions for the Large Cap Growth Fund, Optimum Growth
Fund, Small Cap Fund, Value Equity Fund and the Technology Fund are
made by a committee of investment professionals and no persons are
primarily responsible for making recommendations to that committee.
United States Trust Company of New York provides its investment
advisory services to the Large Cap Growth Fund, Optimum Growth Fund,
and the Technology Fund primarily through its Campbell Cowperthwait
division.
