COREFUNDS INC
497, 1996-11-26
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                                COREFUNDS, INC.
                       Supplement dated November 26, 1996
           to the Individual Shares Prospectus dated November 1, 1996

This supplement provides new and additional information beyond that contained
in the Prospectus and should be retained and read in conjunction with such 
Prospectus.

Effective November 25, 1996, John Ackler, who currently serves as portfolio 
manager of the Cash Reserve Fund, replaced Cathy L. Rahab as portfolio manager
of the Short Term Income Fund. In connection with this change, information 
regarding Mr. Ackler's investment experience, which is currently listed on page
70 of the prospectus, is also inserted in the "Fund Managers - Short Term Income
Fund" section on page 69 of the prospectus, and the description of Ms. Rahab on
page 69 is deleted.

               PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE



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