CROFT FUNDS CORPORATION
SUPPLEMENT DATED MARCH 6, 2000 TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED AUGUST 30, 1999
This supplement to the Statement of Additional Information dated August 30, 1999
provides new and additional information and should be retained and read in
conjunction with the Statement of Additional Information. Unless otherwise
indicated, defined terms have the same meaning as in the Statement of Additional
Information.
The following language replaces the information located on pages 9 and 10 in the
"Management of the Funds" section of the Statement of Additional Information.
MANAGEMENT OF THE FUNDS
- -----------------------
Directors and officers of the Corporation and their principal
occupations during the past five years are as follows:
*Kent G. Croft, (02/26/63) Director and President of the Corporation,
President, Croft- Leominster, Inc. since 1989.
George D. Edwards, II (10/22/37), Director of the Corporation,
Accountant, Croft- Leominster, Inc. Partner of the Omega Organization
Inc. since 1995. President and Chief Executive Officer, Hottman Edwards
Advertising, Inc. (advertising agency), 1971-1995.
Frederick S. Billig (02/28/33), Director of the Corporation. Chief
Scientist and Associate Supervisor, John Hopkins University Applied
Physics Lab since 1987; President, Pyrodyne, Inc. since 1977.
L. Gordon Croft (10/27/32), Vice President of the Corporation. Vice
President, Chief Investment Officer and Director of Croft-Leominster,
Inc. since 1989.
Charles Jay McLaughlin (09/20/62), Director of the Corporation. Vice
President Retail Sales, Orion Safety Products as of January 1, 1998.
Vice President Marine Division, Orion Safety Products (1996-1998).
Attorney, Oppenheimer Wolff & Donnelly (law firm, 1989-1995).
John H. Grady, Jr. (06/01/61), Secretary of the Corporation. Partner,
Morgan, Lewis and Bockius LLP (law firm) since 1993. Associate, Ropes &
Gray (law firm).
Carla Reedinger (03/25/60), Treasurer and Chief Financial Officer of
the Corporation. Equity Trader and Senior Portfolio Assistant,
Croft-Leominster, Inc. since 1989.
1
<PAGE>
Wayne Berry (05/22/34), Assistant Vice President of the Corporation.
Marketing Director, Croft-Leominster since March, 1994. Retired
Internal Revenue Service (37 years) April 1993.
Jonathan Giordani (04/11/74), Assistant Vice President of the
Corporation. Research analyst, Croft-Leominster since February, 1997.
Student, The Johns Hopkins University, 1992-1996.
---------------
* Mr. Croft is an "interested person" of the Corporation under the
Investment Company Act of 1940.
** L. Gordon Croft is the father of Kent G. Croft.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
2
