497 1 form.txt THE WACHOVIA FUNDS Wachovia Equity Fund Wachovia Balanced Fund Wachovia Quantitative Equity Fund Wachovia Blue Chip Value Fund Wachovia Growth & Income Fund Wachovia New Horizons Fund Wachovia Equity Index Fund Wachovia International Equity Fund Wachovia Special Values Fund Wachovia Fixed Income Fund Wachovia Emerging Markets Fund Wachovia Intermediate Fixed Income Fund Wachovia Personal Equity Fund Wachovia Short-Term Fixed Income Fund THE WACHOVIA MUNICIPAL FUNDS Wachovia Georgia Municipal Bond Fund Wachovia North Carolina Municipal Bond Fund Wachovia South Carolina Municipal Bond Fund Wachovia Virginia Municipal Bond Fund -------------------------------------------------------------------------------- Supplement to Statement of Additional Information dated January 31, 2001 I. Please delete the heading "HOW TO BUY SHARES" and replace it with the following heading: "WHAT DO SHARES COST?" II. Please add the following sentence as the second paragraph under the sub-heading "Through a Retirement Program." "Participants in Qualified Retirement Plans for which Paychex, Inc. serves as participant recordkeeper may redeem Class B Shares without the imposition of a contingent deferred sales charge." April 27, 2001 Cusip 929901601 Cusip 929901676 Cusip 929901502 Cusip 929901668 Cusip 929901734 Cusip 929901627 Cusip 929901742 Cusip 929901619 Cusip 929901759 Cusip 929902104 Cusip 929901692 Cusip 929902203 Cusip 929901718 Cusip 929902500 Cusip 929901726 Cusip 929902609 Cusip 929901866 Cusip 929902401 Cusip 929901874 Cusip 929902302 Cusip 929901841 Cusip 929902708 Cusip 929901635 Cusip 929902807 Cusip 929901858 Cusip 929901650 Cusip 929901767 Cusip 929901643 Cusip 929901775 Cusip 929901809 Cusip 929901783 Cusip 929901882 Cusip 929901791 Cusip 929901700 Cusip 929901817 26451 (4/01)