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CENTURA FUNDS, INC.
SUPPLEMENT DATED NOVEMBER 11, 1996
TO CLASS C PROSPECTUS DATED AUGUST 28, 1996
This Supplement is provided to update, and should be read in conjunction
with, the information provided in the Prospectus.
Effective November 9, 1996 BISYS Fund Services, Inc. ("BISYS") became the
successor Transfer Agent to Furman Selz LLC. BISYS' principal place of business
is 3435 Stelzer Road, Columbus, Ohio 43219. BISYS will perform the same services
as Furman Selz LLC, at the identical fees. All references to Furman Selz LLC as
Transfer Agent in the Prospectus shall refer to BISYS.
PLEASE NOTE THE FOLLOWING REVISIONS REGARDING "EXCHANGE OF FUND SHARES"
EXCHANGE BY MAIL
The provision in the last sentence of this paragraph regarding signature
guarantees is deleted.
EXCHANGE BY TELEPHONE (The following sentence is added at the end of this
section):
Telephone Redemption and Telephone Exchange will be suspended for a period
of 10 days following a telephonic address change.
PLEASE NOTE THE FOLLOWING REVISIONS REGARDING "REDEMPTION OF FUND SHARES"
REDEMPTION METHODS (The following sentence is added at the end of this
paragraph):
Requests in "proper order" must include the following documentation: (a)
letter of instruction, if required, signed by all registered owners of the
shares in the exact names in which they are registered; (b) any required
signature guarantees (see "Signature Guarantees" below); and (c) other
supporting legal documents, if required, in the case of estates, trusts,
guardianships, custodianships, corporations, pension and profit sharing plans
and other organizations.
BY MAIL (The following sentence replaces (e) of this section):
(e) If the redemption request is to be sent to someone other than the
registered address, a signature guarantee is necessary by any eligible guarantor
institution including members of national securities exchanges, commercial banks
or trust companies, brokers-dealers, credit unions and savings associations.
BY TELEPHONE (The following sentence is added at the end of this section):
Telephone Redemption and Telephone Exchange will be suspended for a period
of 10 days following a telephonic address change.
PLEASE NOTE THE FOLLOWING REVISIONS REGARDING "FUND SHARE VALUATION" (The first
sentence of this section now reads as follows):
The net asset value per share for each class of shares of each Fund is
calculated at 4:00 p.m. (Eastern time), Monday through Friday, on each day the
New York Stock Exchange is open for trading, which excludes the following
business holidays: New Year's Day, Martin Luther King, Jr. Day, President's Day,
Good Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and
Christmas Day.
PLEASE NOTE THE FOLLOWING REVISIONS REGARDING "DIVIDENDS, DISTRIBUTIONS, AND
FEDERAL INCOME TAXATION"
The last sentence of the fourth paragraph stating, "Investors who redeem
all or a portion of their Fund shares prior to a dividend payment date will be
entitled on the next payment date to all dividends declared but unpaid on those
shares at the time of their redemption", is deleted.
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(The following is added at the end of this section):
If you elect to receive distributions in cash, and checks (1) are returned
and marked as "undeliverable" or (2) remain uncashed for six months, your cash
election will be changed automatically and your future dividend and capital
gains distributions will be reinvested in the Fund at the per share net asset
value determined as of the date of payment of the distribution. In addition, any
undeliverable check or checks that remain uncashed for six months will be
canceled and will be reinvested in the Fund at the per share net asset value
determined as of the date of cancellation.
PLEASE NOTE THE FOLLOWING REVISIONS REGARDING "OTHER INFORMATION"
SHAREHOLDER INQUIRIES (This section now reads as follows):
All Shareholder inquiries should be directed to Centura Funds, P.O. Box
182485, Columbus, Ohio 43218-2485. General and Account Information: (800)
44CENTURA (442-3688).
