BONNEL GROWTH FUND (ACBGX) (company logo)
Important Dividend Distribution Information
The Bonnel Growth Fund recently celebrated its three year anniversary on October
17, 1997. The follow table shows the average annual total returns ending October
31, 1997:
Average Annual Total Returns
Fund/Index 1 Year 3 Year Since Inception (10/17/97)
- ------------------- ------ ------ --------------------------
Bonnel Growth Fund* 16.59% 27.77% 27.46%
S & P Midcap 32.68% 23.55% N/A
Russell 2000 29.35% 21.29% N/A
The Bonnel Growth Fund will also soon be making a dividend distribution which
represents both long-term capital gains and short-term capital gains (taxable as
ordinary income). This distribution will be paid to shareholders of record as of
Monday, November 17, 1997. The distribution is estimated to be $3.50 per share,
although this amount may change as we approach the distribution date. The
realized capital gains are direct results from the healthy recent performance.
Record date: November 17
Ex-dividend date: November 18
Payable date: November 18
The early dividend payment will enable you to make additional investments in the
Bonnel Growth Fund without paying taxes on gains that you did not actually earn
during this past year. The early payment will also allow you to proceed with
your year-end investment and tax planning strategy.
Thank you for your interest and we look forward to working with you in the
future. If you have any questions, please contact an Institutional Marketing
Representative at 1-800-873-3639 ext 2.
Best regards,
/S/CHRIS WAMMACK
Chris Wammack
Institutional Marketing Team
*Call 1-800-873-3639 for a free prospectus containing more information including
fees and expenses. Read the prospectus carefully prior to investing. Investment
return and principal value will fluctuate so that you may have a gain or loss
when you sell shares. Past performance is no guarantee of future results. The S
& P Midcap and Russell 2000 are unmanaged indexes which do not reflect costs
associated with a managed portfolio..
7900 Callaghan Road
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Mail Address:
P.O. Box 781234
San Antonio, Texas
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Tel 210-308-1234
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1-800-US-FUNDS
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Fax 2120-308-1217
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email [email protected]
