MARSHALL FUNDS, INC.
Marshall Mid-Cap Growth Fund
Marshall Small-Cap Growth Fund
Supplement to Class A Shares Prospectus and Class Y Shares Prospectus dated
October 31, 1999
We are providing this Supplement to advise you of a change in portfolio
management of the MARSHALL MID-CAP GROWTH FUND ("MID-CAP GROWTH FUND") and
MARSHALL SMALL-CAP GROWTH FUND ("SMALL-CAP GROWTH FUND").
Effective December 1999, Steve D. Hayward no longer manages the MID-CAP
GROWTH FUND and SMALL-CAP GROWTH FUND. An Investment Committee comprised of
investment professionals of the Adviser is currently responsible for portfolio
management of both of these Funds.
January 18, 2000
Marshall Funds Investor Services
P.O. Box 1348
Milwaukee, WI 53201-1348
1-800-580-FUND (3863) (Class A)
414-287-8555 or 800-236-FUND (3863) (ClassY)
Internet address: http://www.marshallfunds.com
TDD: Speech and Hearing Impaired Services
1-800-209-3520
G01010-19 (1/00) 511394
