As filed with the Securities and Exchange Commission on July 12, 1996
Registration No. 2-93214
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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-1A
REGISTRATION STATEMENT UNDER THE
SECURITIES ACT OF 1933 [ ]
POST-EFFECTIVE AMENDMENT NO. 28 [X]
and
REGISTRATION STATEMENT UNDER THE
INVESTMENT COMPANY [ ]
ACT OF 1940
AMENDMENT NO. 29 [X]
-----------------------------
COREFUNDS, INC.
(Exact Name of Registrant as Specified in Charter)
680 East Swedesford Road
Wayne, PA 19087
(Address of Principal Executive Offices)
Registrant's Telephone Number: 1-(800)355-CORE
JAMES W. JENNINGS, ESQUIRE
Morgan, Lewis & Bockius LLP
2000 One Logan Square
Philadelphia, PA 19103
(Name and Address of Agent for Service)
-----------------------------
It is proposed that this filing will become effective on August 12, 1996 after
filing pursuant to paragraph (b)(1)(v) of Rule 485.
The Registrant has registered an indefinite number of its Common Shares under
the Securities Act of 1933 pursuant to Rule 24f-2 under the Investment Company
Act of 1940. The Registrant filed a Rule 24f-2 notice covering the fiscal year
ended June 30, 1995 on August 25, 1995.
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<PAGE>
CROSS REFERENCE SHEET
July 12, 1996
Prospectus
Form N-1A Item No. Caption
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PART A -- Institutional Shares: Growth Equity Fund, Equity Fund, Special Equity
Fund, Equity Index Fund, International Growth Fund, Balanced Fund, Short
Intermediate Bond Fund, Bond Fund, Short-Term Income Fund, Government Income
Fund, Intermediate Municipal Bond Fund, Pennsylvania Municipal Bond Fund, New
Jersey Municipal Bond Fund, Global Bond Fund, Cash Reserve, Treasury Reserve and
Tax-Free Reserve Portfolios
Item 1. Cover Page....................................Cover Page
Item 2. Synopsis......................................Transaction and
Operating Expense
Tables
Item 3. Condensed Financial Information...............Financial Highlights
Item 4. General Description of Registrant.............Cover Page; Highlights;
Investment Objectives;
Investment Restrictions;
General Information
Item 5. Management of the Fund........................Cover Page; Management;
General Information;
Back Cover
Item 5A. Management Discussions
of Fund Performance...........................Disclosure in Annual
and Semi-Annual Reports
Item 6. Capital Stock and Other Securities............Cover Page;
Distributions; Taxes;
Description of Shares;
General Information; How
to Purchase and Redeem
Shares
Item 7. Purchase of Securities Being Offered..........Valuation of Shares; How
to Purchase and Redeem
Shares
Item 8. Redemption or Repurchase......................How to Purchase and
Redeem Shares
Item 9. Pending Legal Proceedings.....................*
PART A -- Individual Shares: Growth Equity Fund, Equity Fund, Special Equity
Fund, International Growth Fund, Balanced Fund, Short Intermediate Bond Fund,
Bond Fund, Short-Term Income Fund, Government Income Fund, Intermediate
Municipal Bond Fund, Pennsylvania Municipal Bond Fund, New Jersey Municipal Bond
Fund, Global Bond Fund, Cash Reserve, Treasury Reserve and Tax-Free Reserve
Portfolios
<PAGE>
Item 1. Cover Page....................................Cover Page
Item 2. Synopsis......................................Transaction and
Operating Expense
Tables
Item 3. Condensed Financial Information...............Financial Highlights
Item 4. General Description of Registrant.............Cover Page; Highlights;
Investment Objectives;
Investment Restrictions;
General Information
Item 5. Management of the Fund........................Cover Page; Management;
General Information;
Back Cover
Item 5A. Management Discussions
of Fund Performance...........................Disclosure in Annual
and Semi-Annual Reports
Item 6. Capital Stock and Other Securities............Cover Page;
Distributions; Taxes;
Description of Shares;
General Information;
Opening an Account and
Purchasing Shares;
Selling Shares
Item 7. Purchase of Securities Being Offered..........Valuation of Shares;
Opening an Account and
Purchasing Shares;
Exchanging Shares
Item 8. Redemption or Repurchase......................Selling Shares;
Redeeming Shares
Item 9. Pending Legal Proceedings.....................*
PART A -- Equity Index Fund
Item 1. Cover Page....................................Cover Page
Item 2. Synopsis......................................Transaction and
Operating Expense
Tables
Item 3. Condensed Financial Information...............Financial Highlights
Item 4. General Description of Registrant.............Cover Page; Highlights;
Investment Objectives;
Investment Restrictions;
General Information
Item 5. Management of the Fund........................Cover Page; Management;
General Information;
Back Cover
Item 5A. Management Discussions
of Fund Performance...........................Disclosure in Annual
and Semi-Annual Reports
Item 6. Capital Stock and Other Securities............Cover Page;
Distributions; Taxes;
Description of Shares;
General Information;
Opening an Account and
Purchasing Shares;
Selling Shares
<PAGE>
Item 7. Purchase of Securities Being Offered..........Valuation of Shares;
Opening an Account and
Purchasing Shares;
Exchanging Shares
Item 8. Redemption or Repurchase......................Selling Shares;
Redeeming Shares
Item 9. Pending Legal Proceedings.....................*
PART A -- Fidicuary Reserve Portfolio
Item 1. Cover Page....................................Cover Page
Item 2. Synopsis......................................Transaction and
Operating Expense
Tables
Item 3. Condensed Financial Information...............Financial Highlights
Item 4. General Description of Registrant.............Cover Page; Highlights;
Investment Objectives;
Investment Restrictions;
General Information
Item 5. Management of the Fund........................Cover Page; Management;
General Information;
Back Cover
Item 5A. Management Discussions
of Fund Performance...........................Disclosure In Annual and
Semi-Annual Reports
Item 6. Capital Stock and Other Securities............Cover Page;
Distributions; Taxes;
Description of Shares;
General Information;
Opening an Account and
Purchasing Shares;
Selling Shares
Item 7. Purchase of Securities Being Offered..........Valuation of Shares;
Opening an Account and
Purchasing Shares;
Exchanging Shares
Item 8. Redemption or Repurchase......................Selling Shares;
Redeeming Shares
Item 9. Pending Legal Proceedings.....................*
PART A -- Fidicuary Treasury Reserve Portfolio
Item 1. Cover Page....................................Cover Page
Item 2. Synopsis......................................Transaction and
Operating Expense
Tables
Item 3. Condensed Financial Information...............Financial Highlights
Item 4. General Description of Registrant.............Cover Page; Highlights;
Investment Objectives;
Investment Restrictions;
General Information
Item 5. Management of the Fund........................Cover Page; Management;
General Information;
Back Cover
<PAGE>
Item 5A. Management Discussions
of Fund Performance...........................Disclosure In Annual and
Semi-Annual Reports
Item 6. Capital Stock and Other Securities............Cover Page;
Distributions; Taxes;
Description of Shares;
General Information;
Opening an Account and
Purchasing Shares;
Selling Shares
Item 7. Purchase of Securities Being Offered..........Valuation of Shares;
Opening an Account and
Purchasing Shares;
Exchanging Shares
Item 8. Redemption or Repurchase......................Selling Shares;
Redeeming Shares
Item 9. Pending Legal Proceedings.....................*
PART A -- Fidicuary Tax-Free Reserve Portfolio
Item 1. Cover Page....................................Cover Page
Item 2. Synopsis......................................Transaction and
Operating Expense
Tables
Item 3. Condensed Financial Information...............Financial Highlights
Item 4. General Description of Registrant.............Cover Page; Highlights;
Investment Objectives;
Investment Restrictions;
General Information
Item 5. Management of the Fund........................Cover Page; Management;
General Information;
Back Cover
Item 5A. Management Discussions
of Fund Performance...........................Disclosure In Annual and
Semi-Annual Reports
Item 6. Capital Stock and Other Securities............Cover Page;
Distributions; Taxes;
Description of Shares;
General Information;
Opening an Account and
Purchasing Shares;
Selling Shares
Item 7. Purchase of Securities Being Offered..........Valuation of Shares;
Opening an Account and
Purchasing Shares;
Exchanging Shares
Item 8. Redemption or Repurchase......................Selling Shares;
Redeeming Shares
Item 9. Pending Legal Proceedings.....................*
PART A -- Elite Money Market Funds: Elite Cash Reserve,
Elite Government Reserve and Elite Treasury
Reserve
Item 1. Cover Page....................................Cover Page
Item 2. Synopsis......................................Transaction and
Operating Expense
Tables
<PAGE>
Item 3. Condensed Financial Information...............Financial Highlights
Item 4. General Description of Registrant.............Cover Page; Highlights;
Investment Objectives;
Investment Restrictions;
General Information
Item 5. Management of the Fund........................Cover Page; Management;
General Information;
Back Cover
Item 5A. Management Discussions
of Fund Performance...........................Disclosure In Annual and
Semi-Annual Reports
Item 6. Capital Stock and Other Securities............Cover Page;
Distributions; Taxes;
Description of Shares;
General Information;
Opening an Account and
Purchasing Shares;
Selling Shares
Item 7. Purchase of Securities Being Offered..........Valuation of Shares;
Opening an Account and
Purchasing Shares;
Exchanging Shares
Item 8. Redemption or Repurchase......................Selling Shares;
Redeeming Shares
Item 9. Pending Legal Proceedings.....................*
Part B
Item 10. Cover Page....................................Cover Page
Item 11. Table of Contents.............................Table of Contents
Item 12. General Information and History...............The Fund
Item 13. Investment Objectives and
Policies......................................Investment
Objective and
Policies
Item 14. Management of the Registrant..................Directors
and Officers; the
Investment Adviser,
Manager and Distributor
Item 15. Control Persons and Principal
Holders of Securities.........................Principal Holders of
Securities
Item 16. Investment Advisory and Other
Services......................................The Investment Adviser,
Administrator and
Distributor
Item 17. Brokerage Allocation and Other
Practices.....................................Portfolio Transactions
Item 18. Capital Stock and Other
Securities....................................Description of Shares
Item 19. Purchase, Redemption and Pricing
of Securities Being Offered...................Included in Part A
<PAGE>
Item 20. Tax Status....................................Included in Part A
Item 21. Underwriters..................................*
Item 22. Calculation of Performance Data...............Yield
Item 23. Financial Statements..........................Financial Statements
Part C
Information required to be included in Part C is set forth under the
appropriate item, so numbered, in Part C of this Registration
Statement.
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* Omitted since the answer is negative or the Item is inapplicable.
<PAGE>
The Prospectus for the CoreFund Institutional Shares, included as part of
Post-Effective Amendment No. 26 to the Registration Statement on Form N-1A of
CoreFunds, Inc. (File No. 2-93214) filed with the Securities and Exchange
Commission on April 19, 1996 is hereby incorporated by reference as if set forth
herein.
The Prospectus for the CoreFund Fidicuary Reserve Portfolio, included as part of
Post-Effective Amendment No. 26 to the Registration Statement on Form N-1A of
CoreFunds, Inc. (File No. 2-93214) filed with the Securities and Exchange
Commission on April 19, 1996 is hereby incorporated by reference as if set forth
herein.
The Prospectus for the CoreFund Fidicuary Treasury Reserve Portfolio, included
as part of Post-Effective Amendment No. 26 to the Registration Statement on Form
N-1A of CoreFunds, Inc. (File No. 2-93214) filed with the Securities and
Exchange Commission on April 19, 1996 is hereby incorporated by reference as if
set forth herein.
The Prospectus for the CoreFund Fidicuary Tax-Free Reserve Portfolio, included
as part of Post-Effective Amendment No. 26 to the Registration Statement on Form
N-1A of CoreFunds, Inc. (File No. 2-93214) filed with the Securities and
Exchange Commission on April 19, 1996 is hereby incorporated by reference as if
set forth herein.
The Prospectus for the CoreFunds Individual Shares, included as part of
Post-Effective Amendment No. 26 to the Registration Statement on Form N-1A of
CoreFunds, Inc. (File No. 2-93214) filed with the Securities and Exchange
Commission on April 19, 1996 is hereby incorporated by reference as if set forth
herein.
The Prospectus for the CoreFunds Elite Money Market Funds, included as part of
Post-Effective Amendment No. 26 to the Registration Statement on Form N-1A of
CoreFunds, Inc. (File No. 2-93214) filed with the Securities and Exchange
Commission on April 19, 1996 is hereby incorporated by reference as if set forth
herein.
The Statement of Additional Information dated April 22, 1996, included as part
of Post-Effective Amendment No. 26 to the Registration Statement on Form N-1A of
CoreFunds, Inc. (File No. 2-93214) filed with the Securities and Exchange
Commission on April 19, 1996 is hereby incorporated by reference as if set forth
herein.
<PAGE>
This Post-Effective Amendment No. 28 to the Registration Statement on Form N-1A
of CoreFunds. Inc. (File No. 2-93214) filed with the Securities and Exchange
Commission pursuant to Rule 485 (b)(1)(v) is for the purpose of delaying the
effectiveness of Post-Effective Amendment No. 27 for a period of thirty (30)
days commencing July 13, 1996, which date would have been the effective date of
Post-Effective Amendment No. 27.
<PAGE>
PART C. OTHER INFORMATION
Item 24. Financial Statements and Exhibits
(a) Financial Statements: See Statement of Additional
Information.
(b) Exhibits:
(1) (a) Articles of Incorporation dated September 11,
1984 are incorporated herein by reference to
Exhibit (1) of Registrant's Registration
Statement on Form N-1A, as filed with the
Securities and Exchange Commission on September
11, 1984.
(b) Articles of Amendment dated March 29, 1985 to
Articles of Incorporation dated September 11,
1984 are incorporated herein by reference to
Exhibit (1)(b) of Pre-Effective Amendment No. 1
to Registrant's Registration Statement on Form
N-1A, as filed with the Securities and Exchange
Commission on May 22, 1985.
(c) Articles Supplementary dated March 29, 1985 to
Articles of Incorporation dated September 11,
1984 are incorporated herein by reference to
Exhibit (1)(c) of Pre-Effective Amendment No. 1
to Registrant's Registration Statement on Form
N-1A, as filed with the Securities and Exchange
Commission on May 22, 1985.
(d) Articles of Amendment dated June 30, 1987 to
Articles of Incorporation dated September 11,
1984 are incorporated herein by reference to
Exhibit (1)(d) of Post-Effective Amendment No.
5 to the Registrant's Registration Statement on
Form N-1A, as filed with the Securities and
Exchange Commission on October 30, 1987.
(e) Articles Supplementary dated March 30, 1989 to
Articles of Incorporation dated September 11,
1984 are incorporated herein by reference to
Exhibit (1)(e) of Post-Effective Amendment No.
8 to the Registrant's Registration Statement on
Form N-1A, as filed with the Securities and
Exchange Commission on April 3, 1989.
(f) Articles Supplementary dated December 18, 1990
to Registrant's Articles of Incorporation dated
September 11, 1984 are incorporated herein by
reference to Exhibit (1)(f) of Post-Effective
Amendment No. 11 to the Registrant's
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<PAGE>
Registration Statement on Form N-1A, as filed
with the Securities and Exchange Commission on
January 24, 1991.
(g) Articles Supplementary dated September 3, 1991
to Registrant's Articles of Incorporation dated
September 11, 1984 are incorporated by
reference to Exhibit (1)(g) of Post-Effective
Amendment No. 12 to the Registrant's
Registration Statement on Form N-1A, as filed
with the Securities and Exchange Commission on
October 31, 1991.
(h) Articles Supplementary dated December 18, 1992
to Registrant's Articles of Incorporation dated
September 11, 1984 are incorporated by
reference to Exhibit (1)(h) of Post-Effective
Amendment No. 15 to the Registrant's
Registration Statement on Form N-1A, as filed
with the Securities and Exchange Commission on
June 30, 1993.
(i) Articles Supplementary dated June 26, 1992 to
Registrant's Articles of Incorporation dated
September 11, 1984 are incorporated by
reference to Exhibit (1)(i) of Post-Effective
Amendment No. 16 to the Registrant's
Registration Statement on Form N-1A, as filed
with the Securities and Exchange Commission on
August 27, 1993.
(j) Articles Supplementary dated November 8, 1993
to Registrant's Articles of Incorporation dated
September 11, 1984 are incorporated by
reference to Exhibit (1)(j) of Post-Effective
Amendment No. 17 to the Registrant's
Registration Statement on Form N-1A, as filed
with the Securities and Exchange Commission on
December 30, 1993.
(k) Articles of Transfer dated November 23, 1993
are incorporated by reference to Exhibit (1)(k)
of Post-Effective Amendment No. 17 to the
Registrant's Registration Statement on Form
N-1A, as filed with the Securities and Exchange
Commission on December 30, 1993.
(l) Articles Supplementary dated December 15, 1993
to Registrant's Articles of Incorporation dated
September 11, 1984 are incorporated by
reference to Exhibit (1)(l) of Post-Effective
Amendment No. 17 to the Registrant's
Registration Statement on Form N-1A, as filed
with the Securities and Exchange Commission on
December 30, 1993.
(m) Articles Supplementary dated April 14, 1994 to
Registrant's Articles of Incorporation dated
September 11, 1984 are
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<PAGE>
incorporated by reference to Exhibit (1)(m) of
Post-Effective Amendment No. 21 to the
Registrant's Registration Statement on Form
N-1A, as filed with the Securities and Exchange
Commission on October 28, 1994.
(n) Articles of Amendment dated March 6, 1996 to
Registrant's Articles of Incorporation dated
September 11, 1984, are incorporated by
reference to Exhibit (1)(n) of Post-Effective
Amendment No. 27 to Registrant's Registration
Statement on Form N-1A as filed with the
Securities and Exchange Commission on
May 14, 1996.
(o) Articles Supplementary dated March 29, 1996 to
Registrant's Articles of Incorporation dated
September 11, 1984, are incorporated by
reference to Exhibit (1)(o) of Post-Effective
Amendment No. 27 to Registrant's Registration
Statement on Form N-1A as filed with the
Securities and Exchange Commission on May 14,
1996.
(2) By-Laws as amended, restated and adopted by
Registrant's Board of Directors on September 3, 1991
are incorporated by reference to Exhibit (2) of
Post-Effective Amendment No. 12 to the Registrant's
Registration Statement on Form N-1A, as filed with
the Securities and Exchange Commission on October 31,
1991.
(3) None.
(4) (a) Specimen certificate for Class A Common Stock
is incorporated herein by reference to Exhibit
(4)(a) of Post-Effective Amendment No. 7 to
Registrant's Registration Statement on Form
N-1A, as filed with the Securities and Exchange
Commission on September 9, 1988.
(b) Specimen certificate for Class B Common Stock
is incorporated herein by reference to Exhibit
(4)(b) of Post-Effective Amendment No. 7 to
Registrant's Registration Statement on Form
N-1A, as filed with the Securities and Exchange
Commission on September 9, 1988.
(c) Specimen certificate for Class C Common Stock
is incorporated herein by reference to Exhibit
(4)(c) of Post-Effective Amendment No. 10 to
Registrant's Registration Statement on Form
N-1A, as filed with the Securities and Exchange
Commission on October 29, 1990.
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<PAGE>
(d) Specimen certificate for Class D Common Stock
is incorporated herein by reference to Exhibit
(4)(d) of Post-Effective Amendment No. 10 to
Registrant's Registration Statement on Form
N-1A, as filed with the Securities and Exchange
Commission on October 29, 1990.
(e) Specimen certificate for Class E Common Stock
is incorporated herein by reference to Exhibit
(4)(e) of Post-Effective Amendment No. 10 to
Registrant's Registration Statement on Form
N-1A, as filed with the Securities and Exchange
Commission on October 29, 1990.
(f) Specimen copy of share certificate for Class F
Common Stock is incorporated by reference to
Exhibit (4)(f) of Post-Effective Amendment
No. 12 to Registrant's Registration Statement
on Form N-1A, as filed with the Securities and
Exchange Commission on October 31, 1991.
(g) Specimen copy of share certificate for Class G
Common Stock is incorporated by reference to
Exhibit (4)(g) of Post-Effective Amendment
No. 12 to Registrant's Registration Statement
on Form N-1A, as filed with the Securities and
Exchange Commission on October 31, 1991.
(h) Specimen copy of share certificate for Class H
Common Stock is incorporated by reference to
Exhibit (4)(h) of Post-Effective Amendment
No. 12 to Registrant's Registration Statement
on Form N-1A, as filed with the Securities and
Exchange Commission on October 31, 1991.
(i) Specimen copy of share certificate for Class I
Common Stock is incorporated by reference to
Exhibit (4)(i) of Post-Effective Amendment
No. 12 to Registrant's Registration Statement
on Form N-1A, as filed with the Securities and
Exchange Commission on October 31, 1991.
(j) Specimen copy of share certificate for Class J
Common Stock is incorporated by reference to
Exhibit (4)(j) of Post-Effective Amendment
No. 12 to Registrant's Registration Statement
on Form N-1A, as filed with the Securities and
Exchange Commission on October 31, 1991.
(k) Specimen copy of share certificate for Class K
Common Stock is incorporated by reference to
Exhibit (4)(k) of Post-Effective
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<PAGE>
Amendment No. 12 to Registrant's Registration
Statement on Form N-1A, as filed with the
Securities and Exchange Commission on
October 31, 1991.
(5) (a) Investment Advisory Agreement between
Registrant and New Jersey National Bank dated
August 2, 1985 is incorporated herein by
reference to Exhibit (5) of Pre-Effective
Amendment No. 1 to Registrant's Registration
Statement on Form N-1A, as filed with the
Securities and Exchange Commission on May 22,
1985.
(b) Investment Advisory Agreement between
Registrant and CoreStates Investment Advisers,
Inc. dated June 23, 1987 is incorporated herein
by reference to Exhibit (5)(b) of Post-
Effective Amendment No. 5 to the Registrant's
Registration Statement on Form N-1A, as filed
with the Securities and Exchange Commission on
October 30, 1987.
(c) Investment Advisory Agreement between
Registrant and CoreStates Investment Advisers,
Inc. dated December 5, 1989 with respect to
CoreFund International Growth Fund is
incorporated herein by reference to Exhibit (5)
(c) of Post-Effective Amendment No. 9 to the
Registrant's Registration Statement on Form
N-1A, as filed with the Securities and Exchange
Commission on September 1, 1989.
(d) Investment Advisory Agreement between
Registrant and CoreStates Investment Advisers,
Inc. dated December 5, 1989 with respect to
CoreFund Equity Fund is incorporated herein by
reference to Exhibit (5)(d) of Post-Effective
Amendment No. 9 to the Registrant's
Registration Statement on Form N-1A, as filed
with the Securities and Exchange Commission on
September 1, 1989.
(e) Sub-Investment Advisory Agreement between
Registrant and Cashman, Farrell and Associates
dated December 5, 1989 is incorporated herein
by reference to Exhibit (5)(e) of Post-
Effective Amendment No. 9 to the Registrant's
Registration Statement on Form N-1A, as filed
with the Securities and Exchange Commission on
September 1, 1989.
(f) Sub-Investment Advisory Agreement between
Registrant and Martin Currie, Inc. dated
December 5, 1989 is incorporated herein by
reference to Exhibit (5)(f) of Post-Effective
C-5
<PAGE>
Amendment No. 9 to the Registrant's
Registration Statement on Form N-1A, as filed
with the Securities and Exchange Commission on
September 1, 1989.
(g) Proposed Investment Advisory Agreement between
Registrant and CoreStates Investment Advisers,
Inc. with respect to CoreFund Equity Index Fund
dated March 25, 1991 is incorporated herein by
reference to Exhibit (5)(g) of Post-Effective
Amendment No. 11 to the Registrant's
Registration Statement on Form N-1A, as filed
with the Securities and Exchange Commission on
January 24, 1991.
(h) Proposed Investment Advisory Agreement between
Registrant and CoreStates Investment Advisers,
Inc. with respect to CoreFund Growth Equity
Fund dated March 25, 1991 is incorporated
herein by reference to Exhibit (5)(h) of
Post-Effective Amendment No. 11 to the
Registrant's Registration Statement on Form
N-1A, as filed with the Securities and Exchange
Commission on January 24, 1991.
(i) Proposed Investment Advisory Agreement between
Registrant and CoreStates Investment Advisers,
Inc. with respect to CoreFund Short
Intermediate Bond Fund dated March 25, 1991 is
incorporated herein by reference to Exhibit (5)
(i) of Post-Effective Amendment No. 11 to the
Registrant's Registration Statement on Form
N-1A, as filed with the Securities and Exchange
Commission on January 24, 1991.
(j) Proposed Investment Advisory Agreement between
Registrant and CoreStates Investment Advisers,
Inc. with respect to CoreFund Fiduciary
Tax-Free Reserve dated March 25, 1991 is
incorporated herein by reference to Exhibit (5)
(j) of Post-Effective Amendment No. 11 to the
Registrant's Registration Statement on Form
N-1A, as filed with the Securities and Exchange
Commission on January 24, 1991.
(k) Proposed Investment Advisory Agreement between
Registrant and CoreStates Investment Advisers,
Inc. with respect to CoreFund Tax-Free Reserve
dated March 25, 1991 is incorporated herein by
reference to Exhibit (5)(k) of Post-Effective
Amendment No. 11 to the Registrant's
Registration
C-6
<PAGE>
Statement on Form N-1A, as filed with the
Securities and Exchange Commission on January
24, 1991.
(l) Proposed Investment Advisory Agreement between
Registrant and CoreStates Investment Advisers,
Inc. with respect to CoreFund Fiduciary
Treasury Reserve dated March 25, 1991 is
incorporated herein by reference to Exhibit (5)
(k) of Post-Effective Amendment No. 11 to the
Registrant's Registration Statement on Form
N-1A, as filed with the Securities and Exchange
Commission on January 24, 1991.
(m) Investment Advisory Agreement between
Registrant and CoreStates Investment Advisers,
Inc. with respect to CoreFund Balanced Fund
dated September 15, 1992 is incorporated herein
by reference to Exhibit (5)(m) of Post-
Effective Amendment No. 15 to the Registrant's
Registration Statement on Form N-1A, as filed
with the Securities and Exchange Commission on
June 30, 1993.
(n) Proposed Investment Advisory Agreement between
Registrant and CoreStates Investment Advisers,
Inc. with respect to CoreFund Government Income
Fund dated March 25, 1991 is incorporated
herein by reference to Exhibit (5)(k) of
Post-Effective Amendment No. 11 to the
Registrant's Registration Statement on Form
N-1A, as filed with the Securities and Exchange
Commission on January 24, 1991.
(o) Proposed Investment Advisory Agreement between
Registrant and CoreStates Investment Advisers,
Inc. with respect to CoreFund Intermediate-Term
Municipal Fund dated March 25, 1991 is
incorporated herein by reference to Exhibit (5)
(k) of Post-Effective Amendment No. 11 to the
Registrant's Registration Statement on Form
N-1A, as filed with the Securities and Exchange
Commission on January 24, 1991.
(p) Investment Advisory Agreement between
Registrant and CoreStates Investment Advisers,
Inc. with respect to CoreFund Global Bond Fund
dated March 25, 1991 is incorporated herein by
reference to Exhibit (5)(k) of Post-Effective
Amendment No. 11 to Registrant's Registration
Statement on Form N-1A, as filed with the
Securities and Exchange Commission on
January 24, 1991.
(q) Sub-Advisory Agreement between CoreStates
Investment Advisers, Inc. and Alpha Global
Fixed Income Managers, Inc.
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<PAGE>
with respect to Global Bond Fund dated December
15, 1993 is incorporated by reference to
Exhibit (5)(q) of Post-Effective Amendment No.
17 to Registrant's Registration Statement on
Form N-1A, as filed with the Securities and
Exchange Commission on December 30, 1993.
(r) Investment Advisory Agreement between
Registrant and CoreStates Investment Advisers,
Inc. with respect to Pennsylvania Municipal
Bond Fund dated March 25, 1991 is incorporated
herein by reference to Exhibit (5)(i) of Post-
Effective Amendment No. 11 to the Registrant's
Registration Statement on Form N-1A, as filed
with Securities and Exchange Commission on
January 24, 1991.
(s) Investment Advisory Agreement between
Registrant and CoreStates Investment Advisers,
Inc. with respect to New Jersey Municipal Bond
Fund dated March 25, 1991 is incorporated
herein by reference to Exhibit (5)(i) of Post-
Effective Amendment No. 11 to the Registrant's
Registration Statement on Form N-1A, as filed
with the Securities and Exchange Commission on
January 24, 1991.
(t) Investment Advisory Agreement between
Registrant and CoreStates Investment Advisers,
Inc. with respect to CoreFund Elite Cash
Reserve, CoreFund Elite Government Reserve and
CoreFund Elite Treasury Reserve dated June 21,
1994 is incorporated herein by reference to
Exhibit (5)(t) of Post-Effective Amendment No.
21 to the Registrant's Registration Statement
on Form N-1A, as filed with the Securities and
Exchange Commission on October 28, 1994.
(u) Proposed Investment Advisory Agreement between
Registrant and CoreStates Investment Advisers,
Inc. with respect to CoreFund Special Equity
Fund, CoreFund Bond Fund and CoreFund
Short-Term Income Fund is incorporated herein
by reference to Exhibit (5)(u) of Post-
Effective Amendment No. 24 to Registrant's
Registration Statement on Form N-1A, as filed
with the Securities and Exchange Commission on
January 2, 1996.
(6) (a) Distribution Agreement between Registrant and
Fairfield Group, Inc. dated August 2, 1985 is
incorporated herein by reference to Exhibit (6)
of Pre-Effective Amendment No. 1 to
Registrant's Registration Statement on Form
N-1A, as filed with the Securities and Exchange
Commission on May 22, 1985.
C-8
<PAGE>
(b) Distribution Agreement between Registrant and
SEI Financial Services Company is incorporated
herein by reference to Exhibit (6)(b) of
Post-Effective Amendment No. 14 to Registrant's
Registration Statement on Form N-1A, as filed
with the Securities and Exchange Commission on
August 31, 1992.
(7) None.
(8) (a) Custodian Agreement between Registrant and
First Pennsylvania Bank n.a. dated July 24,
1985 is incorporated herein by reference to
Exhibit (8) of Pre-Effective Amendment No. 2 to
Registrant's Registration Statement on Form
N-1A, as filed with the Securities and Exchange
Commission on August 1, 1985.
(b) Custodian Agreement between Registrant and
Philadelphia National Bank dated May 20, 1987
is incorporated herein by reference to Exhibit
(8)(b) of Post-Effective Amendment No. 5 to
the Registrant's Registration Statement on Form
N-1A, as filed with the Securities and Exchange
Commission on October 30, 1987.
(c) Custodian Agreement between Registrant and
CoreStates Bank, N.A. dated June 2, 1995, is
incorporated by reference to Exhibit (8)(c) of
Post-Effective Amendment No. 27 to Registrant's
Registration Statement on Form N-1A as filed
with the Securities and Exchange Commission on
May 14, 1996.
(9) (a) Amended Administration Agreement between
Registrant and Fairfield Group, Inc. dated
March 6, 1990 is incorporated herein by
reference to Exhibit (9)(a) of Post-Effective
Amendment No. 12 to Registrant's Registration
Statement on Form N-1A, as filed with the
Securities and Exchange Commission on October
31, 1991.
(b) Transfer Agency Agreement between Registrant
and First Pennsylvania Bank n.a. dated July 24,
1985 is incorporated herein by reference to
Exhibit (9)(b) of Pre-Effective Amendment No.
2, to Registrant's Registration Statement on
Form N-1A as filed with the Securities and
Exchange Commission on August 1, 1985.
(c) Amended Transfer Agency Agreement between First
Pennsylvania Bank n.a. and Fund/Plan Services,
Inc., dated December 31, 1985 is incorporated
herein by reference to
C-9
<PAGE>
Exhibit (9)(c) of Post-Effective Amendment No.
1 to Registrant's Registration Statement on
Form N-1A as filed with the Securities and
Exchange Commission on February 5, 1986.
(d) Retail Transfer Agency Agreement between
Registrant and SEI Financial Management
Corporation is incorporated herein by reference
to Exhibit (9)(d) of Post-Effective Amendment
No. 14 to Registrant's Registration Statement
on Form N-1A as filed with the Securities and
Exchange Commission on August 31, 1992.
(e) Administration Agreement between Registrant and
SEI Financial Management Corporation dated
October 30, 1992 is incorporated herein by
reference to Exhibit (9)(e) of Post-Effective
Amendment No. 15 to Registrant's Registration
Statement on Form N-1A as filed with the
Securities and Exchange Commission on
June 30, 1993.
(f) Transfer Agent and Shareholder Services
Agreement between Registrant and SEI Financial
Management Corporation dated March 4, 1993 is
incorporated herein by reference to Exhibit (9)
(f) of Post-Effective Amendment No. 15 to
Registrant's Registration Statement on Form
N-1A as filed with the Securities and Exchange
Commission on June 30, 1993.
(g) Transfer Agent Agreement between the Registrant
and State Street Bank and Trust Company dated
November 16, 1995, is incorporated by reference
to Exhibit (9)(g) of Post-Effective Amendment
No. 27 to Registrant's Registration Statement
on Form N-1A as filed with the Securities and
Exchange Commission on May 14, 1996.
(10) Opinion and consent of Morgan, Lewis & Bockius LLP,
filed under Rule 24f-2 as part of Registrant's Rule
24f-2 Notice.
(11) Consent of Ernst & Young LLP is incorporated by
reference to Exhibit (11) of Post-Effective Amendment
No. 26 to Registrant's Registration Statement on Form
N-1A as filed with the Securities and Exchange
Commission on May 14, 1996.
(12) None.
(13) Purchase Agreement dated July 24, 1985 between
Registrant and Fairfield Group, Inc. is incorporated
herein by reference to Exhibit (13) of Pre-Effective
Amendment No. 2 to Registrant's Registration
C-10
<PAGE>
Statement on Form N-1A, as filed with the Securities
and Exchange Commission on August 1, 1985.
(14) None.
(15) None.
(16) Schedules for computation of performance quotations
provided in response to Item 22 of the Registration
Statement are incorporated herein by reference to
Exhibit (16) of Post-Effective Amendment No. 12 to
Registrant's Registration Statement on Form N-1A, as
filed with the Securities and Exchange Commission on
October 31, 1991.
(18) Rule 18f-3 Plan is incorporated herein by reference
to Exhibit (18) of Post-Effective Amendment No. 23 to
the Registrant's Registration Statement on Form N-1A,
as filed with the Securities and Exchange Commission
on October 27, 1995.
(24) (a) Powers of Attorney for Mr. Emil J. Mikity, Mr.
George H. Strong, and Professor Erin Anderson,
Directors of Registrant, and David G. Lee,
President of Registrant is incorporated herein
by reference to Exhibit (24) of Post-Effective
Amendment No. 21 to the Registrant's
Registration Statement on Form N-1A, as filed
with the Securities and Exchange Commission on
October 28, 1994.
(b) Powers of Attorney for Mr. Carmen Romeo,
Treasurer and Assistant Secretary of
Registrant, and Ms. Jean Young, Controller of
Registrant is incorporated herein by reference
to Exhibit (24)(b) of Post-Effective Amendment
No. 22 to the Registrant's Registration
Statement on Form N-1A, as filed with the
Securities and Exchange Commission on November
15, 1994.
*(c) Powers of Attorney for Cheryl H. Wade and Thomas
J. Taylor, Directors of Registrant
__________________
*Filed with this Post-Effective Amendment.
C-11
<PAGE>
Item 25. Persons Controlled by or under Common Control with Registrant
None.
Item 26. Number of Holders of Securities
As of April 17, 1996 the number of record holders of each class of
securities of the Registrant was:
Title of Class Number of Record Holders
-------------- ------------------------
Cash Reserve--Class Y 555
Cash Reserve--Class C 900
Treasury Reserve--Class Y 293
Treasury Reserve--Class C 290
Fiduciary Reserve--Class Y 6
Fiduciary Tax-Free Reserve--Class Y 6
Tax-Free Reserve--Class Y 31
Tax-Free Reserve--Class C 111
Fiduciary Treasury Reserve--Class Y 6
Short-Intermediate Bond Fund--Class Y 58
Short-Intermediate Bond Fund--Class A 317
Bond Fund--Class Y 17
Bond Fund--Class A 295
Short Term Income Fund--Class Y 5
Short Term Income Fund--Class A 6
Equity Fund--Class Y 64
Equity Fund--Class A 1,494
Special Equity Fund--Class Y 8
Special Equity Fund--Class A 238
International Growth Fund--Class Y 25
International Growth Fund--Class A 348
Equity Index Fund--Class Y 1,429
Growth Equity Fund--Class Y 58
Growth Equity Fund--Class A 323
Balanced Fund--Class Y 16
Balanced Fund--Class A 323
Government Income Fund--Class Y 14
Government Income Fund--Class A 106
Intermediate Municipal Bond Fund--Class Y 11
Intermediate Municipal Bond Fund--Class A 64
Global Bond Fund--Class Y 13
Global Bond Fund--Class A 18
Pennsylvania Municipal Bond Fund--Class Y 9
Pennsylvania Municipal Bond Fund--Class A 66
New Jersey Municipal Bond Fund--Class Y 9
C-12
<PAGE>
New Jersey Municipal Bond Fund--Class A 12
Item 27. Indemnification
Article VII, Section 3 of the Registrant's Articles of Incorporation,
incorporated by reference as Exhibit (1) hereto, and Article VI,
Section 2 of Registrant's By-Laws, filed as Exhibit (2) hereto, provide
for the indemnification of Registrant's directors and officers.
Indemnification of the Registrant's principal underwriter, custodian,
and transfer agent is provided for, respectively, in Section 1.11 of
the Distribution Agreement, incorporated by reference as Exhibit (6)
hereto, Sections 3, 18, and 19 of the Custodian Agreement, incorporated
by reference as Exhibit (8)(b) hereto, and Sections 14, 37, and 38 of
the Transfer Agency Agreement, incorporated by reference as Exhibit (9)
(b) hereto. Registrant has obtained from a major insurance carrier a
directors' and officers' liability policy covering certain types of
errors and omissions. In no event will Registrant indemnify any of its
directors, officers, employees, its investment adviser or principal
underwriter against any liability to which such person would otherwise
be subject by reason of his willful misfeasance, bad faith, or gross
negligence in the performance of his duties as director, officer,
employee, investment adviser, or principal underwriter, or by reason of
his reckless disregard of the duties involved in the conduct of his
office or under the advisory or underwriting agreement with Registrant.
Registrant will comply with Rule 484 under the Securities Act of 1933
and Release 11330 under the Investment Company Act of 1940 in
connection with any indemnification.
Insofar as indemnification for liability arising under the Securities
Act of 1933 may be permitted to directors, officers, and controlling
persons of Registrant pursuant to the foregoing provisions, or
otherwise, Registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against
public policy as expressed in the Act and is, therefore, unenforceable.
In the event that a claim for indemnification against such liabilities
(other than the payment by Registrant of expenses incurred or paid by a
director, officer, or controlling person of Registrant in the
successful defense of any action, suit, or proceeding) is asserted by
such director, officer, or controlling person in connection with the
securities being registered, Registrant will, unless in the opinion of
its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question of whether
such indemnification by it is against public policy as expressed in the
Act and will be governed by the final adjudication of such issue.
C-13
<PAGE>
Item 28. Business and Other Connections of Investment Adviser
CoreStates Investment Advisers, Inc. ("CoreStates Advisers") is a
subsidiary of CoreStates Bank, N.A., which is itself a subsidiary of
CoreStates Financial Corp. CoreStates Financial Corp is a bank holding
company registered under the Bank Holding Company Act. CoreStates
Financial Corp is engaged through its principal subsidiaries,
CoreStates Bank, N.A., a national banking association, and Hamilton
Bank, a Pennsylvania banking institution, in commercial, international
and consumer banking and in providing trust services. CoreStates
Financial Corp through other direct and indirect subsidiaries also
provides consumer financing, factoring and commercial financing and
financing advisory services. As of July 31, 1995, CoreStates Financial
Corp had total assets of over $29 billion (pro forma). The principal
executive office of CoreStates Financial Corp is located at Broad and
Chestnut Streets, Philadelphia, Pennsylvania 19101. To the knowledge of
Registrant, none of the directors or officers of CoreStates Advisers
except those set forth below, is or has been, at any time during the
past two calendar years, engaged in any other business, profession,
vocation, or employment of a substantial nature, except that certain
directors and officers of CoreStates Advisers also hold various
positions with, and engage in business for, CoreStates Advisers, or its
subsidiaries. Set forth below are the names and principal businesses of
the directors and certain of the senior executive officers of
CoreStates Advisers who are engaged in any other business, profession,
vocation, or employment of a substantial nature.
Item 29. Principal Underwriters:
(a) Furnish the name of each investment company (other than the Registrant)
for which each principal underwriter currently distributing the
securities of the Registrant also acts as a principal underwriter,
distributor or investment adviser.
Registrant's distributor, SEI Financial Services Company ("SFS"), acts
as distributor for:
SEI Daily Income Trust July 15, 1982
SEI Liquid Asset Trust November 29, 1982
SEI Tax Exempt Trust December 3, 1982
SEI Index Funds July 10, 1985
SEI Institutional Managed Trust January 22, 1987
SEI International Trust August 30, 1988
Stepstone Funds January 30, 1991
The Advisors' Inner Circle Fund November 14, 1991
The Pillar Funds February 28, 1992
CUFUND May 1, 1992
STI Classic Funds May 29, 1992
C-14
<PAGE>
First American Funds, Inc. November 1, 1992
First American Investment Funds, Inc. November 1, 1992
The Arbor Fund January 28, 1993
1784 Funds June 1, 1993
The PBHG Funds, Inc. July 16, 1993
Marquis Funds(R) August 17, 1993
Morgan Grenfell Investment Trust January 3, 1994
Inventor Funds, Inc. August 1, 1994
The Achievement Funds Trust December 27, 1994
Bishop Street Funds January 27, 1995
CrestFunds, Inc. March 1, 1995
STI Classic Variable Trust August 18, 1995
ARK Funds November 1, 1995
Monitor Funds January 11, 1996
FMB Funds, Inc. March 1, 1996
SEI Asset Allocation Trust April 1, 1996
Turner Funds April 30, 1996
SFS provides numerous financial services to investment managers,
pension plan sponsors, and bank trust departments. These services
include portfolio evaluation, performance measurement and consulting
services ("Funds Evaluation") and automated execution, clearing and
settlement of securities transactions ("MarketLink").
(b) Furnish the Information required by the following table with respect to
each director, officer or partner of each principal underwriter named
in the answer to Item 21 of Part B. Unless otherwise noted, the
business address of each director or officer is 680 East Swedesford
Road, Wayne, PA 19087.
<TABLE>
<CAPTION>
Position and Office Positions and Offices
Name with Underwriter with Registrant
- ---- ---------------- ---------------
<S> <C> <C>
Alfred P. West, Jr. Director, Chairman & Chief Executive Officer --
Henry H. Greer Director, President & Chief Operating Officer --
Carmen V. Romeo Director, Executive Vice President & Treasurer --
Gilbert L. Beebower Executive Vice President --
Richard B. Lieb Executive Vice President,
President--Investment Services Division --
Leo J. Dolan, Jr. Senior Vice President --
Carl A. Guarino Senior Vice President --
Jerome Hickey Senior Vice President --
David G. Lee Senior Vice President President
William Madden Senior Vice President --
A. Keith McDowell Senior Vice President --
Dennis J. McGonigle Senior Vice President --
Hartland J. McKeown Senior Vice President --
James V. Morris Senior Vice President --
Steven Onofrio Senior Vice President --
Kevin P. Robins Senior Vice President, General Counsel & Secretary Vice President &
Assistant Secretary
</TABLE>
C-15
<PAGE>
<TABLE>
<CAPTION>
Position and Office Positions and Offices
Name with Underwriter with Registrant
- ---- ---------------- ---------------
<S> <C> <C>
Robert Wagner Senior Vice President --
Patrick K. Walsh Senior Vice President --
Kenneth Zimmer Senior Vice President --
Robert Aller Vice President --
Steve Bendinelli Vice President --
Marc H. Cahn Vice President & Assistant Secretary --
Gordon W. Carpenter Vice President --
Todd Cipperman Vice President & Assistant Secretary Vice President &
Assistant Secretary
Robert Crudup Vice President & Managing Director --
Ed Daly Vice President --
Jeff Drennen Vice President --
Mick Duncan Vice President and Team Leader --
Vic Galef Vice President & Managing Director --
Kathy Heilig Vice President --
Larry Hutchison Vice President --
Michael Kantor Vice President --
Samuel King Vice President --
Kim Kirk Vice President & Managing Director --
Donald H. Korytowski Vice President --
John Krzeminski Vice President & Managing Director --
Robert S. Ludwig Vice President and Team Leader --
Vicki Malloy Vice President and Team Leader --
Jack May Vice President --
Carolyn McLaurin Vice President & Managing Director --
Barbara Moore Vice President & Managing Director --
W. Kelso Morrill Vice President --
Barbara A. Nugent Vice President & Assistant Secretary --
Sandra K. Orlow Vice President & Assistant Secretary Vice President &
Assistant Secretary
Donald Pepin Vice President & Managing Director --
Larry Pokora Vice President --
Kim Rainey Vice President --
Paul Sachs Vice President --
Mark Samuels Vice President & Managing Director --
Steve Smith Vice President --
Daniel Spaventa Vice President --
Kathryn L. Stanton Vice President & Assistant Secretary Vice President &
Assistant Secretary
Wayne M. Withrow Vice President & Managing Director --
William Zawaski Vice President --
James Dougherty Director of Brokerage Services --
</TABLE>
C-16
<PAGE>
Item 30. Location of Accounts and Records
(1) CoreStates Investment Advisers, Inc., PNB Building, Broad and Chestnut
Streets, Philadelphia, PA 19101 (records relating to its functions as
investment adviser).
(2) SEI Financial Management Corporation, 680 E. Swedesford Road, Wayne,
PA 19087 (records relating to its function as administrator).
(3) SEI Financial Services Corporation, 680 E. Swedesford Road, Wayne, PA
19087 (records relating to its function as distributor).
(4) CoreStates Bank, N.A., 510 Walnut Street Mail Stop FC 1-9-7-2,
Philadelphia, PA 19106 (records relating to its functions as
custodian).
(5) State Street Bank and Trust Company, 225 Franklin Street, Boston, MA
02110 (records relating to its functions as transfer agent).
(6) Morgan, Lewis & Bockius LLP, 2000 One Logan Square, Philadelphia, PA
19103 (Articles of Incorporation, By-Laws, and Minute Books).
Item 31. Management Services
None.
Item 32. Undertakings
Registrant hereby undertakes that whenever shareholders meeting the
requirements of Section 16(c) of the Investment Company Act of 1940
inform the Board of Directors of their desire to communicate with
shareholders of the Registrant, the Directors will inform such
shareholders as to the approximate number of shareholders of record and
the approximate costs of mailing or afford said shareholders access to
a list of shareholders.
Registrant undertakes to hold a meeting of shareholders for the purpose
of voting upon the questions of removal of a Director(s) when requested
in writing to do so by the holders of at least 10% of Registrant's
outstanding shares and in connections with such Investment Company Act
of 1940 relating to shareholder communications.
Registrant undertakes to furnish each prospective person to whom a
prospectus will be delivered with a copy of the Registrant's latest
annual report to shareholders, when such annual report is issued
containing information called for by Item 5A of Form N-1A, upon request
and without charge.
C-17
<PAGE>
Signatures
Pursuant to the requirements of the Securities Act of 1933, as amended, ("1933
Act"), and the Investment Company Act of 1940, as amended, the Registrant
certifies that it meets all of the requirements for effectiveness of this
Registration Statement pursuant to Rule 485(b) under the 1933 Act and has duly
caused this Post-Effective Amendment No. 28 to Registration Statement No.
2-93214 to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Wayne, Commonwealth of Pennsylvania on the 12th day
of July, 1996.
COREFUNDS, INC.
/s/ David G. Lee
------------------------------
David G. Lee
President
ATTEST: /s/ Stephen G. Meyer
------------------------------
Stephen G. Meyer
Controller
Pursuant to the requirements of the 1933 Act, this Post-Effective Amendment No.
28 to the Registration Statement has been signed below by the following persons
in the capacities and on the date(s) indicated.
/s/ David G. Lee President & Chief July 12, 1996
- ---------------------- Executive Officer
David G. Lee
* Director July 12, 1996
- ----------------------
Erin Anderson
* Director July 12, 1996
- ----------------------
Emil J. Mikity
* Director July 12, 1996
- ----------------------
George H. Strong
* Director July 12, 1996
- ----------------------
Cherly H. Wade
* Director July 12, 1996
- ----------------------
Thomas J. Taylor
<PAGE>
/s/ Stephen G. Meyer Controller July 12, 1996
- --------------------
Stephen G. Meyer
* Treasurer & July 12, 1996
- -------------------- Assistant Secretary
Carmen V. Romeo
*By: /s/ David G. Lee
-----------------------
David G. Lee
Attorney-in-Fact
<PAGE>
EXHIBIT INDEX
Exhibit No. Description of Exhibit
- ----------- ----------------------
24(c) Powers of Attorney
COREFUNDS, INC.
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that the undersigned director
and/or officer of CoreFunds, Inc. (the "Fund"), a corporation organized under
the laws of the State of Maryland, hereby constitutes and appoints David G. Lee,
Kevin P. Robins and Carmen V. Romeo, and each of them singly, his or her true
and lawful attorney-in-fact and agent with full power of substitution and
resubstitution, to sign for him or her and in his or her name, place and stead,
and in the capacity indicated below, to sign any or all amendments (including
post-effective amendments) to the Fund's Registration Statement on Form N-1A
under the provisions of the Investment Company Act of 1940 and the Securities
Act of 1933, each such Act as amended, and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the Securities and
Exchange Commission, granting unto said attorneys-in-fact and agents, and each
of them, acting alone, full power and authority to do and perform each and every
act and thing requisite or necessary to be done in and about the premises, as
fully to all intents and purposes as he or she might or could do in person,
hereby ratifying and confirming all that said attorneys-in-fact and agents or
any of them, or their substitute or substitutes, may lawfully do or cause to be
done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has hereunto set his or her hand
and seal as of the date set forth below.
/s/ Cheryl H. Wade Dated: July 12, 1996
- ------------------
Director
<PAGE>
COREFUNDS, INC.
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that the undersigned director
and/or officer of CoreFunds, Inc. (the "Fund"), a corporation organized under
the laws of the State of Maryland, hereby constitutes and appoints David G. Lee,
Kevin P. Robins and Carmen V. Romeo, and each of them singly, his or her true
and lawful attorney-in-fact and agent with full power of substitution and
resubstitution, to sign for him or her and in his or her name, place and stead,
and in the capacity indicated below, to sign any or all amendments (including
post-effective amendments) to the Fund's Registration Statement on Form N-1A
under the provisions of the Investment Company Act of 1940 and the Securities
Act of 1933, each such Act as amended, and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the Securities and
Exchange Commission, granting unto said attorneys-in-fact and agents, and each
of them, acting alone, full power and authority to do and perform each and every
act and thing requisite or necessary to be done in and about the premises, as
fully to all intents and purposes as he or she might or could do in person,
hereby ratifying and confirming all that said attorneys-in-fact and agents or
any of them, or their substitute or substitutes, may lawfully do or cause to be
done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has hereunto set his or her hand
and seal as of the date set forth below.
/s/ Thomas J. Taylor Dated: July 11, 1996
- ---------------------
Director
