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CENTURA FUNDS, INC.
SUPPLEMENT DATED MAY 26, 2000
TO THE STATEMENT OF ADDITIONAL INFORMATION DATED AUGUST 30, 1999
This Supplement is provided to update, and should be read in
conjunction with, the information provided in the Statement of Additional
Information relating to the Centura Quality Bond Fund.
Effective July 24, 2000, Sovereign Advisors will no longer serve as
Sub-Adviser to the Fund and the portfolio management of the Fund will be assumed
by the Adviser, Centura Bank, pursuant to the existing terms of the current
Investment Advisory Contract. Consequently, the advisory fee will remain the
same and the Adviser will no longer pay a sub-advisory fee to Sovereign
Advisors. The Fund's Board of Directors unanimously concurred with this change
in the Fund's management.
No change in the Fund's investment policies has occurred as a result of
this management change.
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