CCB FUNDS
497, 1999-12-23
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CCB Equity Fund
(A Portfolio of CCB Funds)

     Supplement to Prospectus  and  Statement of  Additional  Information  dated
September 30, 1999


     On November 16, 1999, the Board of Trustees rescinded its prior approval of
the Rule 12b-1 Plan for the Trust.  Accordingly,  delete all  references  to the
Rule 12b-1 Plan.




                                                               December 31, 1999







Cusip 12500E307           511395
G001197-08 (12/99)




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