CRESTFUNDS, INC.
Investors Class
Supplement dated March 9, 1999 to the
Prospectus dated March 31, 1998
At the end of the section "THE ADVISER" on page 35 of the Prospectus, add the
following:
On July 20, 1998 it was announced that Crestar Financial Corporation
("Crestar"), the parent of Crestar Bank which is the parent of Crestar Asset
Management Corporation ("CAMCO"), the Funds' investment adviser, and SunTrust
Banks, Inc. ("SunTrust"), had signed a definitive agreement for the acquisition
of Crestar by SunTrust. The acquisition of Crestar by SunTrust was completed on
December 31, 1998.
On February 19, 1999, the Board of Directors of the Funds unanimously
approved the combinations (the "Proposed Combinations") of each of the Funds
with certain new and existing STI Classic Funds (mutual funds that are served by
investment advisers that are subsidiaries of SunTrust), and recommended that the
shareholders of the Funds approve the Proposed Combinations. The Proposed
Combinations are intended to be tax free to the Funds and their shareholders.
The Board of Directors of the Funds also anticipates holding a special meeting
of the shareholders in May of 1999 so that the shareholders of the Funds can
vote on the Proposed Combinations. Shareholders of the Funds will receive
additional written materials about the Proposed Combinations through the mail.
The Proposed Combinations are subject to certain regulatory approvals and the
approval of the shareholders of the Funds.
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE>
CRESTFUNDS, INC.
Trust Class
Supplement dated March 9, 1999 to the
Prospectus dated March 31, 1998
At the end of the section "THE ADVISER" on page 27 of the Prospectus, add the
following:
On July 20, 1998 it was announced that Crestar Financial Corporation
("Crestar"), the parent of Crestar Bank which is the parent of Crestar Asset
Management Corporation ("CAMCO"), the Funds' investment adviser, and SunTrust
Banks, Inc. ("SunTrust"), had signed a definitive agreement for the acquisition
of Crestar by SunTrust. The acquisition of Crestar by SunTrust was completed on
December 31, 1998.
On February 19, 1999, the Board of Directors of the Funds unanimously
approved the combinations (the "Proposed Combinations") of each of the Funds
with certain new and existing STI Classic Funds (mutual funds that are served by
investment advisers that are subsidiaries of SunTrust), and recommended that the
shareholders of the Funds approve the Proposed Combinations. The Proposed
Combinations are intended to be tax free to the Funds and their shareholders.
The Board of Directors of the Funds also anticipates holding a special meeting
of the shareholders in May of 1999 so that the shareholders of the Funds can
vote on the Proposed Combinations. Shareholders of the Funds will receive
additional written materials about the Proposed Combinations through the mail.
The Proposed Combinations are subject to certain regulatory approvals and the
approval of the shareholders of the Funds.
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE>
CRESTFUNDS, INC.
Life Vision Class
Supplement dated March 9, 1999 to the
Prospectus dated March 31, 1998
At the end of the section "THE ADVISER" on page 13-LV of the Prospectus, add the
following:
On July 20, 1998 it was announced that Crestar Financial Corporation
("Crestar"), the parent of Crestar Bank which is the parent of Crestar Asset
Management Corporation ("CAMCO"), the Funds' investment adviser, and SunTrust
Banks, Inc. ("SunTrust"), had signed a definitive agreement for the acquisition
of Crestar by SunTrust. The acquisition of Crestar by SunTrust was completed on
December 31, 1998.
On February 19, 1999, the Board of Directors of the Funds unanimously
approved the combinations (the "Proposed Combinations") of each of the Funds
with certain new and existing STI Classic Funds (mutual funds that are served by
investment advisers that are subsidiaries of SunTrust), and recommended that the
shareholders of the Funds approve the Proposed Combinations. The Proposed
Combinations are intended to be tax free to the Funds and their shareholders.
The Board of Directors of the Funds also anticipates holding a special meeting
of the shareholders in May of 1999 so that the shareholders of the Funds can
vote on the Proposed Combinations. Shareholders of the Funds will receive
additional written materials about the Proposed Combinations through the mail.
The Proposed Combinations are subject to certain regulatory approvals and the
approval of the shareholders of the Funds.
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
