Abstract. For a function algebra A let ∂A be the Shilov boundary, δA the Choquet boundary, p(A) the set of p-points, and |A| = {|f | : f ∈ A}. Let X and Y be locally compact Hausdorff spaces and A ⊂ C(X) and B ⊂ C(Y ) be dense subalgebras of function algebras without units, such that X = ∂A, Y = ∂B and p(A) = δA, p(B) = δB. We show that if Φ : |A| → |B| is an increasing bijection which is sup-norm-multiplicative, i.e. Φ(|f |) Φ(|g|)