Marshall Small-Cap Growth Fund
(A Portfolio of Marshall Funds, Inc.)
Supplement to Class A Shares Prospectus dated January 31, 1999 and Class Y
Shares Prospectus dated December 31, 1998 (Revised January 31, 1999)
The following information is a supplement to your combined prospectuses. We're
providing it to advise you of a change in portfolio management for the MARSHALL
SMALL-CAP GROWTH FUND ("SMALL-CAP GROWTH FUND").
Effective immediately, David Lettenberger will no longer co-manage the SMALL-CAP
GROWTH FUND. Please remove reference to him within the fifth paragraph under the
sub-heading "Portfolio Managers" in your combined prospectuses.
Steve D. Hayward will remain as the portfolio manager of the SMALL-CAP GROWTH
FUND.
April 30, 1999
Marshall Funds Investor Services
1000 North Water Street
P.O. Box 1348
Milwaukee, WI 53201-1348
414-287-8555 or 800-236-FUND (3863)
Internet address: http://www.marshallfunds.com
TDD: Speech and Hearing Impaired Services
1-800-209-3520
G01010-17 (4/99)
