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CENTURA FUNDS, INC.
3435 STELZER ROAD
COLUMBUS, OHIO 43219
SUPPLEMENT TO PROSPECTUS DATED AUGUST 28, 1997
MAY 21, 1998
At a special meeting held May 11, 1998, the Board of Directors of Centura
Funds, Inc. approved the following changes to Centura Equity Growth Fund and
Centura Equity Income Fund, to take effect on or about August 1, 1998. The
planned changes for Centura Equity Income Fund are subject to shareholder
approval of a new investment objective. The changes approved by the Board are as
follows:
1. CENTURA EQUITY GROWTH FUND. The Board approved a change in this fund's
investment policies so that its primary investments would be in equity
securities of mid-sized companies - those companies whose market capitalization
falls within the range of the companies in the S&P 400 Mid Cap Index at the time
of purchase by the fund. To reflect this change, the fund's name would be
changed to Centura Mid Cap Equity Fund. These changes do not require shareholder
approval.
2. CENTURA EQUITY INCOME FUND. The Board approved a change in this fund's
investment objective and policies. The fund's current investment objective is
long-term capital appreciation and income. The new investment objective, subject
to shareholder approval, would be long-term capital appreciation. The fund would
pursue this objective by investing primarily in equity securities of large U.S.
companies - those with market capitalization in excess of $1 billion. Income
would no longer be an objective of this fund, and the fund would not continue to
place a primary investment focus on a company's dividends. If shareholders
approve the change in investment objective, the fund's name would be changed to
Centura Large Cap Equity Fund.
Shareholders of Centura Equity Income Fund will soon receive a proxy statement
for a meeting of shareholders scheduled to be held July 23, 1998 to consider the
proposed new investment objective.
