MARSHALL FUNDS, INC.
SUPPLEMENT TO COMBINED PROSPECTUS DATED DECEMBER 31, 1996
The following information is a supplement to your combined
prospectus dated December 31, 1996. We're providing it to advise you
of a change in the management of the MID-CAP VALUE FUND.
Effective June 18, 1997, the MID-CAP VALUE FUND will be
co-managed by Matthew B. Fahey and John C. Potter. In
connection with this change in management, please replace the
second paragraph of the sub-section entitled "PORTFOLIO
MANAGEMENT TEAM" on page 19 of the prospectus with the
following:
"The MID-CAP VALUE FUND is co-managed by Matthew B. Fahey and
John C. Potter. Mr. Fahey has been a Vice President of M&I Investment
Management Corp. since 1988. He earned a B.A. degree in Business
Administration from the University of Wisconsin-Milwaukee and
holds an M.B.A. degree from Marquette University. Mr. Potter is
an Investment Officer of M&I Investment Management Corp. Since
1994, Mr. Potter has been Senior Securities Analyst for the
EQUITY INCOME FUND. He joined M&I Corp. in 1991 as a Corporate
Auditor/Consultant. Mr. Potter is a Chartered Financial Analyst and
holds a B.B.A. degree in Investment, Banking and Finance from the
University of Wisconsin-Madison."
June 18, 1997
G01010-13 (6/97)
