Dear Investor:
You've heard all the talk. Pick up virtually any financial magazine or
retirement planning guide and you'll find the same messages:
* You can't count on Social Security as a major source of retirement income - it
may only provide a small portion of the income you'll need.
* Consider the impact of inflation and taxes on your retirement savings together
they can erode your investment earnings.
* Americans are living longer than ever and that means you'll spend more years
in your retirement.
* Ample personal savings are critical to enjoying a comfortable lifestyle in
your retirement.
Ask yourself, "Am I prepared for a comfortable retirement?" If not, you'll be
glad to know the road to retirement can be a little easier ... if your
investments have growth potential.
[MOUNTAIN GRAPH PLOTTED FROM DATA IN TABLE BELOW]
YOUR IRA WOULD HAVE GROWN ALMOST 40% IN THE BONNEL GROWTH FUND
<TABLE>
<CAPTION>
Bonnel
Russell 2000 Growth Fund
------------ -----------
<S> <C> <C>
10/31/94 ......................................... 9959.598 10010
11/30/94 ......................................... 9557.131 10030
12/30/94 ......................................... 9812.975 10090
1/31/95 ......................................... 9689.036 9859.314
2/28/95 ......................................... 10092.39 10491.19
3/31/95 ......................................... 10265.37 10942.54
4/28/95 ......................................... 10493.44 11423.97
5/31/95 ......................................... 10673.9 11594.47
6/30/95 ......................................... 11227.6 12677.69
7/31/95 ......................................... 11874.31 14121.99
8/31/95 ......................................... 12120.05 14252.38
9/29/95 ......................................... 12336.53 14874.23
10/31/95 ......................................... 11784.84 14523.18
11/30/95 ......................................... 12279.85 14804.02
12/29/95 ......................................... 12603.79 14653.02
1/31/96 ......................................... 12590.21 14442.94
2/29/96 ......................................... 12982.65 15031.16
3/29/96 ......................................... 13246.84 15734.93
4/30/96 ......................................... 13955.15 17604.63
5/31/96 ......................................... 14505.12 19085.69
6/28/96 ......................................... 13909.54 17552.11
Bonnel Growth Fund $17,552.11
Russell 2000 $13,909.50
Source: Micropal
</TABLE>
Now is the time to take action. Transfer your existing IRA to the Bonnel Growth
Fund today and jump start your financial future. If you transfer $10,000 or
more, you will receive a lifetime waiver on IRA custodial fees. Just fill out
the enclosed IRA transfer form - we'll take care of the rest. It's that easy.
Sincerely,
/s/ Frank Holmes
Frank E. Holmes
President and CEO
P.S. Don't delay. Put the power of growth to work for you by simply filling
out the enclosed IRA transfer form.
- ----------
Past performance does not guarantee future results. Investment returns and
principal value will fluctuate. You may have a gain or a loss when you sell
shares. For more information, including charges and expenses, call
1-800-4-BONNEL. Please read the prospectus carefully before investing. Average
annual rate of total return for one year (period ending 6/28/96) is 38.45% and
for the life of the Fund (10/17/94 through 6/28/96), 39.39%. The Bonnel Growth
Fund reflects total returns with all dividends reinvested. The Russell 2000 is
an unmanaged index of stocks considered to be representative of the broad
small-cap market.
BONNEL GROWTH FUND IRA TRANSFER FORM
1. PRINT YOUR NAME AND ADDRESS HERE.
Name _________________________________________________________________________
Street Address________________________________________________________________
City ________________________________ State __________ Zip ___________________
Social Security Number _______________________________________________________
Daytime Phone ________________________________________________________________
2. TELL US WHERE YOUR IRA IS NOW LOCATED.
Name of Institution __________________________________________________________
Street Address________________________________________________________________
City ________________________________ State __________ Zip ___________________
Your Account Number __________________________________________________________
3. INSTRUCT YOUR FINANCIAL INSTITUTION TO TRANSFER YOUR MONEY TO THE BONNEL
GROWTH FUND.
Please liquidate [ ] all OR [ ] part ($___________) of my [ ] Regular IRA OR [ ]
Rollover IRA and transfer the proceeds immediately to my IRA in the Bonnel
Growth Fund.
4. PLEASE SIGN AND SEND THIS FORM BACK TO US.
Your signature _______________________________________________________________
Date _________________________________________________________________________
GUARANTEE OF YOUR SIGNATURE (CALL YOUR FINANCIAL INSTITUTION TO SEE IF THIS IS
REQUIRED):
Signature of Officer _________________________________________________________
Officer Title ________________________________________________________________
FOR OFFICE USE ONLY
Security Trust and Financial Company, custodian of Accolade Funds retirement
accounts, has accepted a plan for the shareholder which qualifies under IRS
regulations and will accept the transfer of assets.
Authorized Signature _________________________________________________________
Date _________________________________________________________________________
FBO __________________________________________________________________________
Shareholder's Name ___________________________________________________________
Account Number _______________________________________________________________
Please mail to:
P.O. BOX 781234
SAN ANTONIO, TX 78278-1234
