X0101 EFFECT 33 LIVE 2009-12-22 10:30:00

N-14

0000889284 BB&T FUNDS / 333-163272 0000889284 BB&T FUNDS / S000003539 BB&T MID CAP VALUE FUND 0000889284 BB&T FUNDS / S000003538 BB&T MID CAP GROWTH FUND C000009827 INSTITUTIONAL CLASS 0000889284 BB&T FUNDS / S000003539 BB&T MID CAP VALUE FUND 0000889284 BB&T FUNDS / S000003538 BB&T MID CAP GROWTH FUND C000009828 A CLASS 0000889284 BB&T FUNDS / S000003539 BB&T MID CAP VALUE FUND 0000889284 BB&T FUNDS / S000003538 BB&T MID CAP GROWTH FUND C000009829 B CLASS 0000889284 BB&T FUNDS / S000003539 BB&T MID CAP VALUE FUND 0000889284 BB&T FUNDS / S000003538 BB&T MID CAP GROWTH FUND C000009830 C CLASS 0000889284 BB&T FUNDS / S000012930 Sterling Capital Small Cap Value Fund 0000889284 BB&T FUNDS / S000003544 BB&T SMALL CAP FUND C000009847 INSTITUTIONAL CLASS 0000889284 BB&T FUNDS / S000012930 Sterling Capital Small Cap Value Fund 0000889284 BB&T FUNDS / S000003544 BB&T SMALL CAP FUND C000009848 A CLASS 0000889284 BB&T FUNDS / S000012930 Sterling Capital Small Cap Value Fund 0000889284 BB&T FUNDS / S000003544 BB&T SMALL CAP FUND C000009849 B CLASS 0000889284 BB&T FUNDS / S000012930 Sterling Capital Small Cap Value Fund 0000889284 BB&T FUNDS / S000003544 BB&T SMALL CAP FUND C000009850 C CLASS