THE WACHOVIA FUNDS
Class A Shares, Class B Shares, Class Y Shares THE WACHOVIA MUNICIPAL FUNDS
Class A Shares and Class Y Shares
Supplement to Statement of Additional Information dated January 31, 2000
Please add the following subsection immediately after the subsection entitled
"Through a Retirement Program" on page 19 or your Statement of Additional
Information:
"INVESTMENT ADVISORY CUSTOMERS
Class Y Shares are also offered to institutions and individuals with whom
Wachovia Asset Management, a business unit of Wachovia Bank, has a contract to
provide investment advisory services."
May 31, 2000
Cusip 929901601 Cusip 929901676
Cusip 929901502 Cusip 929901668
Cusip 929901734 Cusip 929901627
Cusip 929901742 Cusip 929901619
Cusip 929901759 Cusip 929902104
Cusip 929901692 Cusip 929902203
Cusip 929901718 Cusip 929902500
Cusip 929901726 Cusip 929902609
Cusip 929901866 Cusip 929902401
Cusip 929901874 Cusip 929902302
Cusip 929901841 Cusip 929902708
Cusip 929901635 Cusip 929902807
Cusip 929901858 Cusip 929901650
Cusip 929901767 Cusip 929901643
Cusip 929901775 Cusip 929901809
Cusip 929901783 Cusip 929901882
Cusip 929901791 Cusip 929901700
Cusip 929901817
25531(5/00)
