The Children's Scholarship Fund now has a Web site. The $200 million initiative, which was founded last month by businessmen Ted Forstmann and John Walton, will award private school scholarships to low-income children from kindergarten through grade 12 across the country.

The site gives visitors information about the fund's mission and eligibility requirements. Online applications also are available.

Families may apply for scholarships through partner city programs. The fund says it will award scholarships to at least 50,000 children by the beginning of the 1999 school year.

Forstmann, the chairman of Gulfstream Aerospace, and Walton, a heir to the Wal-Mart fortune, will contribute $100 million to the fund. The rest will come from donors across the nation.