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The fund may invest without limit in any country in Eastern Europe and in any sector within the Eastern European Region. The Sub-Adviser considers the following countries to be in the Eastern European region: Albania, Armenia, Azerbaijan, Belarus, Bulgaria, Croatia, Czech Republic, Estonia, FYR Macedonia, Georgia, Hungary, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Moldova, Poland, Romania, Russia, Slovak Republic, Slovenia, Tajikistan, Turkey, Turkmenistan, Ukraine, Uzbekistan.

Discover the investment opportunities in the economies of Eastern Europe.

Economic reform in Eastern Europe and the former Soviet Union has given rise to many investments with outstanding growth potential. The stock prices of many companies in the region understate the true value of the assets they control. This presents a unique opportunity for adventurous investors willing to take the risks of investing in these emerging markets. These potential risks are discussed in the section "How to balance risk and reward" on page 5.

The Eastern European Fund searches throughout the region for the best opportunities to achieve maximum long-term capital gains.

By investing in the companies and the natural resources sectors with the most favorable profiles, the fund is well diversified against a downturn in any one product. With its global focus, the fund stands to benefit from economic growth throughout the world, while eliminating the risks of investing in a single country or industrial sector. Diversification does not protect an investor from market risks and does not assure a profit.

The Eastern European Fund

Investment Goals: Long-term growth of capital

Sales Charge: None – 100% no-load

Risk/Reward Potential:

Risk/Reward Graph

Not part of prospectus

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