CENTURA FUNDS, INC.
SUPPLEMENT DATED MAY 4, 1999
TO PROSPECTUSES DATED AUGUST 28, 1998
This Supplement is provided to update, and should be read in
conjunction with, the information provided in the Prospectuses.
Federal Securities Income Fund
On April 28, 1999, the Board of Directors approved on behalf of Federal
Securities Income Fund a change in the Fund's name to Centura Government Income
Fund. No changes are being made to the Fund's investment policies or its
investment objective as a result of the name change which takes effect
immediately.
Southeast Equity Fund
On April 28, 1999, the Board of Directors approved on behalf of the Southeast
Equity Fund (1) a change in the Fund's name to Centura Small Cap Equity Fund and
(2) a change in the Fund's non fundamental primary investment policy which is
restated as follows:
Under normal conditions, the Fund will invest at least 65% of its total
assets in equity securities of small companies. Small Companies are
defined as those with market capitalizations that fall within the range
of the companies in the S&P 600 Small Cap Index. As of December 31,
1998, the companies in the S&P 600 Small Cap Index had an average
market capitalization of $580 million.
The Fund's Adviser believes such changes will afford the Fund greater latitude
in stock selection over time. No change is being made to the Fund's investment
objective as a result of these policy and name changes.
