CRESTFUNDS, INC.
Investors Class
Supplement dated January 15, 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. It is currently the intention of Crestar and SunTrust to file
an exemptive application with the Securities and Exchange Commission to permit
the combination of certain of the CrestFunds with certain of the STI Classic
Funds (mutual funds that are served by investment advisers that are subsidiaries
of SunTrust). Any combination of CrestFunds and STI Classic Funds would require
the approval of the board of directors and the shareholders of the CrestFunds.
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE>
CRESTFUNDS, INC.
Life Vision Class
Supplement dated January 15, 1999 to the
Prospectus dated March 31, 1998
At the end of the section "THE ADVISOR" 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. It is currently the intention of Crestar and SunTrust to file
an exemptive application with the Securities and Exchange Commission to permit
the combination of certain of the CrestFunds with certain of the STI Classic
Funds (mutual funds that are served by investment advisers that are subsidiaries
of SunTrust). Any combination of CrestFunds and STI Classic Funds would require
the approval of the board of directors and the shareholders of the CrestFunds.
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE>
CRESTFUNDS, INC.
Trust Class
Supplement dated January 15, 1999 to the
Prospectus dated March 31, 1998
At the end of the section "THE ADVISOR" 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. It is currently the intention of Crestar and SunTrust to file
an exemptive application with the Securities and Exchange Commission to permit
the combination of certain of the CrestFunds with certain of the STI Classic
Funds (mutual funds that are served by investment advisers that are subsidiaries
of SunTrust). Any combination of CrestFunds and STI Classic Funds would require
the approval of the board of directors and the shareholders of the CrestFunds.
RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
