[C/FUNDS LETTERHEAD/LOGO HERE]
FILED VIA EDGAR
June 24, 1998
FILED PURSUANT TO RULE 497e
Amendment to N-1A Filing Dated February 27, 1998
Securities and Exchange Commission
Filing Desk
450 5th Street NW
Washington, DC 20549
Re: File #2-96218d, 1933 Act Regarding Registration of
C/Funds Group, Inc.
File #811-4246, 1940 Act Regarding Registration of
C/Funds Group, Inc.
Dear Commission:
Attached is an amendment to our N-1A filing of February 27, 1998,
informing shareholders and the Commission that Samuel J. Beebe,
the portfolio manager of the Beebe Fund Series of C/Funds Group,
Inc. died of an apparent heart attack on Saturday, June 20, 1998.
Mr. Beebe is succeeded by Roland G. Caldwell of Omnivest Research
Corporation as interim manager of the fund.
Please advise if you require anything further in this orderly
passage of control of the fund to new management.
Sincerely,
Roland G. Caldwell, Jr. [SIGNATURE]
President
RGCjr/ves
[C/FUNDS LETTERHEAD/LOGO HERE]
Beebe Fund Series of C/Funds Group, Inc.
SUPPLEMENT dated June 24, 1998
To PROSPECTUS and STATEMENT OF ADDITIONAL INFORMATION
of C/Funds Group, Inc. dated February 27, 1998
Samuel J. Beebe, manager of the Beebe Fund Series of C/Funds
Group, Inc. died on June 20, 1998. Effective on that date,
Roland G. Caldwell, investment principal of Omnivest Research
Corporation, the Registered Investment Advisor to C/Funds Group,
Inc., assumed interim management of the fund.
Also effective on that date, the Beebe Fund closed to new
investors until a decision is made on its future operations. All
current shareholders may redeem their holdings at any time if
they wish to do so.
Roland G. Caldwell, Jr. [SIGNATURE]
President
