CENTURA FUNDS, INC.
Class A Shares and Class B Shares
SUPPLEMENT DATED OCTOBER 19, 1998
to Prospectus dated August 28, 1998
The following information supplements the information contained under "Exchange
of Fund Shares" and should be read along with that section of the Prospectus.
Holders of Class A or Class B shares may exchange shares of either class for
Class A shares of Centura Money Market Fund ("Money Fund"), provided such shares
of Money Fund have satisfied applicable requirements for sale in the
shareholder's state of residence. (Money Fund does not offer Class B shares.) No
service fee, sales charge or contingent deferred sales charge ("CDSC") will be
imposed at the time of the exchange. There is no minimum for an exchange
provided the investor has satisfied the $1,000 minimum investment requirement
for Money Fund.
Note that where Class B shares of a Fund are exchanged for Class A shares of
Money Fund, the following conditions apply. The period during which the Money
Fund shares are held will not count as part of the holding period for the Class
B shares in calculating the applicable CDSC. The CDSC, if any, will be
determined and imposed when the shares are redeemed, either from Money Fund or
from another Fund into which they are re-exchanged.
As with exchanges among the Funds, an exchange for shares of Money Fund will be
treated, for tax purposes, as the sale of the exchanged shares on which any gain
or loss will be recognized.
Shareholders wishing to exchange shares of a Fund for shares of Money Fund
should first obtain and read the Money Fund prospectus by calling (800)
442-3688. The prospectus includes information on Money Fund's investment
policies, fees and expenses. This exchange privilege may be terminated or
amended at any time upon 60 days notice to shareholders.
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