January 23, 2009

The growing economy fund

Dear investor

Last week,the Board of Trustees of The Growing Economy Fund declared a 100% share dividend. This has the same effect as a 2-for-1 share split. This transaction will occur Thursday,May 24,to shareholders of record at the close of business on Wednesday,May 23.
As a result of this transaction,the number of shares you owned before the transaction will be doubled,while the net asset value will be reduced by half. The reduced net asset value makes it easier financially for people who prefer to purchase shares of the fund in 100-share increments.
This does not alter the total value of your Growing Economy Fund investment. It simply means that you'll own twice the number of shares at half the price per share.
If you have any questions,please avail yourself our toll-free information number. Registered brokers are available 24 hours a day.

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