COREFUNDS INC
497, 1997-12-18
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                                 COREFUNDS, INC.

                       Supplement Dated December 16, 1997
          to the Institutional Shares Prospectus Dated November 1, 1997

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

At a meeting held on December 15, 1997, the Shareholders of the International
Growth Fund (the "Fund") of CoreFunds, Inc. re-approved Aberdeen Fund Managers
Inc. ("Aberdeen") as a Sub-Adviser. In addition, Shareholders approved a new
investment sub-advisory agreement between Aberdeen and CoreStates Investment
Advisers, Inc. relating to the Fund.


In addition, the following information relating to the Core Equity Fund replaces
the table in the "Example" on Page 5 of the Prospectus:

<TABLE>
<CAPTION>
EXAMPLE                                                              1 Year      3 Years       5 Years      10 Years
<S>                                                                  <C>         <C>           <C>          <C>
You would pay the following expenses on a $1,000                       $9          $30           $51           $114
investment, assuming (1) a 5% annual return and (2)
redemption at the end of each time period.
</TABLE>



               PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.



COR-A-045-07A


<PAGE>


                                 COREFUNDS, INC.

                       Supplement Dated December 16, 1997
           to the Individual Shares Prospectus Dated November 1, 1997

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

At a meeting held on December 15, 1997, the Shareholders of the International
Growth Fund (the "Fund") of CoreFunds, Inc. re-approved Aberdeen Fund Managers
Inc. ("Aberdeen") as a Sub-Adviser. In addition, Shareholders approved a new
investment sub-advisory agreement between Aberdeen and CoreStates Investment
Advisers, Inc. relating to the Fund.


In addition, the following information relating to the Core Equity Fund replaces
the table in the "Example" on Page 5 of the Prospectus:

<TABLE>
<CAPTION>
EXAMPLE                                                               1 Year       3 Years      5 Years       10 Years
<S>                                        <C>                        <C>          <C>          <C>           <C>
You would pay the following expenses       Class A Shares               $66          $90          $116           $190
on a $1,000 investment, assuming (1)
imposition of the maximum sales     
charge or CDSC, (2) a 5% annual           Class B Shares                $70          $91          $114           $225  
return and, except as noted, (3)          (with redemption)                                                           
redemption at the end of each time        Class B Shares                $20          $61          $104           $225   
period.                                   (without redemption)                                                        
</TABLE>


               PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.


COR-A-046-07A

<PAGE>




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