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DECHERT PRICE & RHOADS
1775 EYE STREET, N.W.
WASHINGTON, DC 20006-2401
TELEPHONE: 202-261-3300
FACSIMILE: 202-261-3333
August 23, 2000
Centura Funds, Inc.
3435 Stelzer Road
Columbus, OH 43219
Re: Centura Funds, Inc.
Dear Sirs:
We have acted as counsel for Centura Funds, Inc. ("Registrant"), and are
familiar with its registration statement under the Investment Company Act of
1940, as amended, and with the registration statement relating to its shares
under the Securities Act of 1933, as amended. Registrant is organized as a
corporation under the laws of Maryland.
We have examined Registrant's Articles of Incorporation and other materials
relating to the authorization and issuance of capital stock of Registrant,
Post-Effective Amendment No. 21 to Registrant's Registration Statement filed on
Form N-1A under the Securities Act of 1933 and the Investment Company Act of
1940, and such other documents and matters as we have deemed necessary to enable
us to give this opinion.
Based upon the foregoing, we are of the opinion that the shares proposed to be
sold pursuant to Post-Effective Amendment No. 21 to Registrant's Registration
Statement, when it is made effective by the Securities and Exchange Commission,
will have been validly authorized and, when sold in accordance with the terms of
such Amendment and the requirements of applicable federal and state law and
delivered by Registrant against receipt of the net asset value of the shares of
its respective series and classes of shares, as described in the Registration
Statement, will have been legally and validly issued and will be fully paid and
non-assessable.
We hereby consent to the filing of this opinion as an exhibit to Post-Effective
Amendment No. 21 to Registrant's Registration Statement on Form N-1A to be filed
with the Securities and Exchange Commission in connection with the continuous
offering of the shares of Registrant's capital stock, as indicated above, and to
references to our firm, as counsel to Registrant in Registrant's prospectus and
Statement of Additional Information to be dated as of the effective date of
Post-Effective Amendment No. 21 to Registrant's Registration Statement and in
any revised or amended versions thereof, until such time as we revoke such
consent.
Very truly yours,
/S/ DECHERT PRICE & RHOADS
DECHERT PRICE & RHOADS
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