STONE BRIDGE FUNDS, INC.
TWO PORTLAND SQUARE
PORTLAND, MAINE 04101
Dear Oak Hall Shareholder:
Stone Bridge Funds, Inc. is holding a Special Meeting of Shareholders
on October 15, 1996, to seek your approval for the merger of Oak Hall Equity
Fund into the Oak Hall Equity Series of the Forum Funds. On May 8, 1996, the
Board of Directors approved the proposed reorganization.
If the reorganization is approved, the Oak Hall Equity Series of the
Forum Funds will have the same investment objective and policies as the Oak Hall
Equity Fund, the fees and expenses will remain the same and Oak Hall(R) Capital
Advisors, L.P. will be the investment advisor to the Oak Hall Equity Series of
the Forum Funds. Also, each of the Fund's other service providers will remain
the same.
The Board of Directors of the Stone Bridge Funds has concluded that the
proposal is in the best interests of the Oak Hall Equity Fund and its
shareholders and recommends that you vote FOR the proposal. In order for the
proposal to be approved, the holders of a majority of the outstanding securities
of the Oak Hall Equity Fund entitled to vote at the meeting must vote for the
proposal. Please take the time to consider this important matter and vote now.
In order to make sure that your vote is represented, indicate your
choices on the enclosed proxy card, date and sign it and return it in the
enclosed envelope.
Sincerely,
--------------
Oak Hall(R) Capital Advisors, L.P.
<PAGE>
STONE BRIDGE FUNDS, INC.
TWO PORTLAND SQUARE
PORTLAND, MAINE 04101
Dear Austin Global Shareholder:
Stone Bridge Funds, Inc. is holding a Special Meeting of Shareholders
on October 15, 1996, to seek your approval for the merger of Austin Global
Equity Fund into the Austin Global Equity Series of the Forum Funds. On May 8,
1996, the Board of Directors approved the proposed reorganization.
If the reorganization is approved, the Austin Global Equity Series of
the Forum Funds will have the same investment objective and policies as the
Austin Global Equity Fund, the fees and expenses will remain the same and Austin
Investment Management, Inc. will be the investment advisor to the Austin Global
Equity Series of the Forum Funds. Also, each of the Fund's other service
providers will remain the same.
The Board of Directors of the Stone Bridge Funds has concluded that the
proposal is in the best interests of the Austin Global Equity Fund and its
shareholders and recommends that you vote FOR the proposal. In order for the
proposal to be approved, the holders of a majority of the outstanding securities
of the Austin Global Equity Fund entitled to vote at the meeting must vote for
the proposal. Please take the time to consider this important matter and vote
now.
In order to make sure that your vote is represented, indicate your
choices on the enclosed proxy card, date and sign it and return it in the
enclosed envelope.
If you have any questions, please call me.
Sincerely,
Peter A. Vlachos
Austin Investment Management, Inc.
