COREFUNDS INC
497, 1997-08-04
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                                 COREFUNDS, INC.
                           Class A - Individual Shares

               Supplement dated August 1, 1997 to the Statement of
                   Additional Information dated June 30, 1997.

This supplement provides new and additional information beyond that contained in
the Statement of Additional Information. It should be retained and read in
conjunction with such Statement of Additional Information.

Effective August 1, 1997, the following dealers may receive an amount of up to
1% of the total value of Fund shares purchased by their clients in transactions
where the client has purchased more than $1,000,000 of shares and has not paid
a sales charge on such purchase:


American Capital Corporation                            
Kidder, Peabody                                         
Inv. Planning Assoc.                                    
Wheat, First Securities, Inc.                           
AG Edwards
Fahnestock                                              
Ilicob Sales Corp.                                      
Smith Barney                                            
Gruntal & Co.                                           
US Life Equity Sales                                    
MIMLIC Sales Corp.                                      
First Affiliated Securities                             
Hempshire Capital Corp.                                 
First Long Island Securities                            
New England Securities                                  
Valley National Inv. Inc.                               
Walnut St. Securities, Inc.                             
Philadelphia Life Asset Planning Co.


Linsco Private Ledger
Sec. American Inc.
Planners Independent
Liberty Securities
National Financial c/o Meridian Securities
SEI Investment Distribution Co.
MAM Basic Plan Unit IRA
Meridian Securities
Delaware Trust
Meridian Asset Management
Conestoga Trust Account
CoreStates Securities Corp.
UniFinancial Dealers
CoreStates Bank, Trust Administration
Securities Research of New York
Fidelity Eq. Services Company
East Shore Partners



               PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.



COR-A-032-06A



<PAGE>



                                 COREFUNDS, INC.
                                Equity Index Fund

                 Supplement dated August 1, 1997 to the Class A
                   Individual Prospectus dated June 30, 1997.

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

Effective August 1, 1997 through October 31, 1997, SEI Investments Distribution
Co. (the "Distributor") will reallow 100% of the sales charge collected on
shares of the Equity Index Fund sold by the following dealers:

the following dealers may receive an amount of up to 1% of the total value of
Fund shares purchased by their clients in transactions where the clients has
purchased more than $1,000,000 of shares and has not paid a sales charge on such
purchase:

American Capital Corporation                               
Kidder, Peabody                                            
Inv. Planning Assoc.                                       
Wheat, First Securities, Inc.                              
AG Edwards
Fahnestock                                                 
Ilicob Sales Corp.                                         
Smith Barney                                               
Gruntal & Co.                                              
US Life Equity Sales                                       
MIMLIC Sales Corp.                                         
First Affiliated Securities                                
Hempshire Capital Corp.                                    
First Long Island Securities                               
New England Securities                                     
Valley National Inv. Inc.                                  
Walnut St. Securities, Inc.                                
Philadelphia Life Asset Planning Co.


Linsco Private Ledger
Sec. American Inc.
Planners Independent
Liberty Securities
National Financial c/o Meridian Securities
SEI Investment Distribution Co.
MAM Basic Plan Unit IRA
Meridian Securities
Delaware Trust
Meridian Asset Management
Conestoga Trust Account
CoreStates Securities Corp.
UniFinancial Dealers
CoreStates Bank, Trust Administration
Securities Research of New York
Fidelity Eq. Services Company
East Shore Partners



               PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.



COR-A-046-06A



<PAGE>



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