<PAGE>
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934 (Amendment No. )
Filed by the Registrant /X/
Filed by a party other than the Registrant / /
Check the appropriate box:
/ / Preliminary Proxy Statement
/ / Confidential, for Use of the Commission Only (as permitted by Rule
14a-6(e)(2))
/X/ Definitive Proxy Statement
/ / Definitive Additional Materials
/ / Soliciting Material Pursuant to Section 240.14a-11(c) or Section
240.14a-12
THE NAVELLIER SERIES FUND
- --------------------------------------------------------------------------------
(Name of Registrant as Specified In Its Charter)
- --------------------------------------------------------------------------------
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
/X/ No fee required
/ / Fee computed on table below per Exchange Act Rules 14a-6(i)(1)
and 0-11
(1) Title of each class of securities to which transaction applies:
------------------------------------------------------------------------
(2) Aggregate number of securities to which transaction applies:
------------------------------------------------------------------------
(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (set forth the amount on which the
filing fee is calculated and state how it was determined):
------------------------------------------------------------------------
(4) Proposed maximum aggregate value of transaction:
------------------------------------------------------------------------
(5) Total fee paid:
------------------------------------------------------------------------
/ / Fee paid previously with preliminary materials.
/ / Check box if any part of the fee is offset as provided by Exchange Act Rule
0-11(a)(2) and identify the filing for which the offsetting fee was paid
previously. Identify the previous filing by registration statement number,
or the Form or Schedule and the date of its filing.
(1) Amount Previously Paid:
------------------------------------------------------------------------
(2) Form, Schedule or Registration Statement No.:
------------------------------------------------------------------------
(3) Filing Party:
------------------------------------------------------------------------
(4) Date Filed:
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<PAGE>
THE NAVELLIER SERIES FUND
ONE EAST LIBERTY STREET, THIRD FLOOR
RENO, NEVADA 89501
1-800-887-8671
AUGUST 25, 1997
TO THE SHAREHOLDERS OF
THE NAVELLIER AGGRESSIVE SMALL CAP EQUITY PORTFOLIO
Dear Shareholder:
A special meeting of the shareholders of The Navellier Aggressive Small Cap
Equity Portfolio (the "Portfolio"), a series of The Navellier Series Fund,
will be held at 10:00 A.M., Pacific Standard Time, on September 12, 1997, at
the offices of The Navellier Series Fund at One East Liberty Street, Third
Floor, Reno, Nevada 89501 (the "Meeting"). The shareholders of the Portfolio
(the "Shareholders") will vote on the election of Trustees of The Navellier
Series Fund.
On July 15, 1997 Navellier Management, Inc. was reinstated as Investment Advisor
for The Navellier Series Fund by the former Independent Trustees of The
Navellier Series Fund who then appointed Louis Navellier as a Trustee of The
Navellier Series Fund. The former Independent Trustees (who had refused to
renew the investment advisory, distribution and administrative agreements with
Navellier Management, Inc. and Navellier Securities Corp. on March 13, 1997)
then resigned as trustees of The Navellier Series Fund. Their resignation left
only Louis Navellier as a Trustee. He appointed Barry Sander, Joel Rossman,
Jacques Delacroix and Arnold Langsen (who are also Trustees of the Acquiring
Fund) as Trustees. Under federal securities laws, the shareholders of The
Navellier Series Fund are required to vote within sixty (60) days on whether or
not to elect those appointed persons as Trustees of The Navellier Series Fund.
We urge you to elect them.
<PAGE>
To the Shareholders of
The Navellier Aggressive Small Cap Equity Portfolio
August 25,1997
Page 2
WE STRONGLY URGE YOU TO REVIEW, COMPLETE, AND RETURN YOUR PROXY AS SOON AS
POSSIBLE. YOUR VOTE IS IMPORTANT NO MATTER HOW MANY SHARES YOU OWN. VOTING
YOUR SHARES EARLY WILL HELP TO AVOID COSTLY FOLLOW-UP MAIL AND TELEPHONE
SOLICITATION. NAVELLIER MANAGEMENT, INC. IS PAYING FOR THIS PROXY
SOLICITATION AND WILL NOT SEEK REIMBURSEMENT FROM THE SHAREHOLDERS OF THE
NAVELLIER SERIES FUND. AFTER REVIEWING THE ENCLOSED MATERIALS, PLEASE
EXERCISE YOUR RIGHT TO VOTE TODAY AND VOTE FOR PROPOSAL 1 BY COMPLETING,
DATING, AND SIGNING EACH PROXY CARD YOU RECEIVE AND MAILING THE PROXY IN THE
SELF-ADDRESSED, POSTAGE-PAID ENVELOPE THAT HAS BEEN ENCLOSED FOR YOUR
CONVENIENCE. IT IS VERY IMPORTANT THAT YOU VOTE AND THAT YOUR VOTING
INSTRUCTIONS BE RECEIVED NO LATER THAN SEPTEMBER 12, 1997.
Please note that you may receive more than one proxy package if you hold shares
of the Portfolio in more than one account. You should return separate proxy
cards for each such account. If you have any questions, please call Navellier
Management, Inc. at 1-800-887-8671.
Sincerely,
Louis G. Navellier
----------------------------------------
Trustee of The Navellier Series Fund
<PAGE>
THE NAVELLIER SERIES FUND
ONE EAST LIBERTY STREET, THIRD FLOOR
RENO, NEVADA 89501
----------------
THE NAVELLIER AGGRESSIVE SMALL CAP EQUITY PORTFOLIO
----------------
NOTICE OF SPECIAL MEETING OF SHAREHOLDERS
TO BE HELD SEPTEMBER 12, 1997
To: The Shareholders of The Navellier Aggressive Small Cap Equity Portfolio of
The Navellier Series Fund
You are hereby notified that a Special Meeting of the Shareholders of The
Navellier Aggressive Small Cap Equity Portfolio of The Navellier Series Fund
will be held at the offices of The formerly named Navellier Series Fund located
at One East Liberty Street, Third Floor, Reno, Nevada, on September 12, 1997, at
10:00 a.m. (Pacific Standard Time), for the purpose of considering and voting
upon the following matter:
PROPOSAL 1.:
To vote on whether to elect Barry Sander, Joel Rossman, Jacques
Delacroix, Arnold Langsen and Louis Navellier as Trustees.
<PAGE>
You are entitled to vote at the Meeting, and any adjournment(s) thereof, if
you owned shares of the Portfolio at the close of business on August 22, 1997.
If you attend the Meeting, you may vote your shares in person. If you do not
expect to attend the meeting, please complete, date, sign, and return the
enclosed proxy card marked FOR Proposal 1 in the enclosed
self-addressed, postage-paid return envelope.
August 25, 1997 Louis G. Navellier
--------------------------------------
Trustee of The Navellier Series Fund
<PAGE>
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN
PLEASE VOTE FOR PROPOSAL 1 ON THE ENCLOSED GOLD PROXY CARD, THEN
PLEASE DATE AND SIGN THE CARD AND RETURN THE PROXY CARD IN THE ENVELOPE
PROVIDED. IF YOU SIGN, DATE AND RETURN THE PROXY CARD BUT GIVE NO VOTING
INSTRUCTIONS, YOUR SHARES WILL BE VOTED "FOR" THE PROPOSAL NOTICED
ABOVE. IN ORDER TO AVOID THE ADDITIONAL EXPENSE AND DELAY OF FURTHER
SOLICITATION, WE ASK YOUR COOPERATION IN MAILING IN YOUR GOLD PROXY CARD
PROMPTLY SO THAT A QUORUM MAY BE ENSURED. A MAJORITY VOTE OF THE SHARES OF THE
PORTFOLIO WHICH ARE PRESENT IN PERSON OR BY PROXY AND ENTITLED TO VOTE (IF MORE
THAN 50% OF THE OUTSTANDING SHARES OF RECORD ARE PRESENT IN PERSON OR BY PROXY)
OR MORE THAN 50% OF THE OUTSTANDING SHARES ENTITLED TO VOTE, WHICHEVER IS LESS,
IS REQUIRED TO PASS ANY PROPOSAL, SO RETURN OF YOUR PROXY IS IMPORTANT. UNLESS
PROXY CARDS SUBMITTED BY CORPORATIONS AND PARTNERSHIPS ARE SIGNED BY THE
APPROPRIATE PERSONS AS INDICATED IN THE VOTING INSTRUCTIONS ON THE PROXY CARD,
SUCH PROXY CARDS CANNOT BE VOTED.
Louis G. Navellier
--------------------------------------
Trustee of The Navellier Series Fund
<PAGE>
PROXY SOLICITATION
BY
THE TRUSTEES OF
THE NAVELLIER SERIES FUND
---------------
ONE EAST LIBERTY STREET, THIRD FLOOR
RENO, NEVADA 89501
1-800-887-8671
PROXY STATEMENT
This proxy statement is being furnished in connection with the solicitation
of proxies by Louis G. Navellier and the other present Trustees of The
Navellier Series Fund ("Fund"), for use at a special meeting of shareholders
("Shareholders") of The Navellier Aggressive Small Cap Equity Portfolio (the
"Portfolio") to be held at 10:00 a.m., Pacific Standard Time, on September
12, 1997, at the offices of Navellier Management, Inc., located at One East
Liberty Street, Reno, Nevada, and at any adjournment(s) thereof (the
"Meeting"). The Meeting is being held so that shareholders can vote on one
proposal made by Louis Navellier and the new Trustees of The Navellier Series
Fund:
PROPOSAL 1.
To vote on whether to elect Barry Sander, Joel Rossman, Jacques
Delacroix, Arnold Langsen and Louis Navellier as Trustees.
The Portfolio is a series investment company organized by Louis Navellier as a
Business Trust in the State of Delaware with one class of common stock
outstanding, with such class representing an interest in a separate series of
the Fund. Since only one portfolio currently exists, all shareholders of the
Fund are being solicited in connection with the Meeting.
The Meeting is also being called so that shareholders can vote on whether to
elect five (5) new Trustees (Barry Sander, Joel Rossman, Jacques Delacroix,
Arnold Langsen and Louis Navellier) nominated by Louis Navellier. Therefore,
Mr. Navellier is proposing the election of the same people who are Trustees
of The Navellier Performance Funds and who have already voted to approve the
merger.
This proxy statement, which should be retained for future reference, sets
forth concisely the information about the proposal election and the nominees,
that an investor should know before voting. A copy of the current financial
statement for the Navellier Series Fund as of December 31, 1996 is enclosed.
The date of this Proxy Statement is August 29, 1997.
<PAGE>
SOLICITATION BY THE TRUSTEES OF
THE NAVELLIER SERIES FUND
ONE EAST LIBERTY STREET, THIRD FLOOR
RENO, NEVADA 89501
1-800-887-8671
--------------
THE NAVELLIER SERIES FUND
(THE NAVELLIER AGGRESSIVE SMALL CAP EQUITY PORTFOLIO)
--------------
PROXY STATEMENT
SPECIAL MEETING OF SHAREHOLDERS
TO BE HELD ON
SEPTEMBER 12, 1997
--------------
INTRODUCTION AND VOTING INFORMATION
SPECIAL MEETING; VOTING OF PROXIES; ADJOURNMENT
This proxy statement is being furnished to the shareholders of The Navellier
Series Fund's Navellier Aggressive Small Cap Equity Portfolio ("Portfolio")
in connection with the solicitation by Louis G. Navellier and the other newly
appointed Trustees of The Navellier Series Fund (collectively the "Navellier
Group") of proxies to be used at a special meeting of the shareholders of
this Portfolio to be held on September 12, 1997 at 10:00 a.m. at the offices
of Navellier Management, Inc., located at One East Liberty Street, Third
Floor, Reno, Nevada 89501, and at any adjournment(s) thereof (the "Meeting").
The purpose of the Meeting is to vote on (1) the election of new Trustees.
A vote on the election of Trustees will be conducted at the Meeting by the
shareholders of the Portfolio.
Shareholders of record of the Portfolio at the close of business on
August 22, 1997 (the "Record Date") will be entitled to vote at the Meeting.
Such holders of shares of beneficial interest in the Portfolio ("Portfolio
Shares") are entitled to one vote for each Portfolio Share held and to
fractional votes for fractional Portfolio Shares held. A quorum for the
Portfolio must be present in person or represented by Proxy for the
transaction of business at the Meeting. The holders of record of one-third of
the Portfolio Shares outstanding at the close of business on that Record Date
present in person or represented by proxy will constitute a quorum for the
Meeting of the Shareholders of the Portfolio. A quorum being present,
approval of Navellier's proposal to elect the proposed Nominees as Trustees
requires a vote of a majority of shares present or represented by proxy.
1
<PAGE>
If either (i) a quorum is not present at the Meeting or (ii) a quorum is present
but sufficient votes in favor of a matter proposed at the Meeting (a
"Proposal"), as set forth in the Notice of this Meeting, are not received by
September 12, 1997, or a date to which the Meeting is reconvened, then the
persons named as attorneys and proxies in the enclosed proxy ("Proxies") may
propose one or more adjournments of the Meeting to permit further solicitation
of proxies. Any such adjournment will require the affirmative vote of at least
one-third of the shares present in person or by proxy. The persons named as
Proxies will vote those proxies that such persons are required to vote FOR such
Proposal in favor of such an adjournment and will vote those proxies required to
be voted AGAINST such Proposal against such an adjournment. A Shareholder vote
may be taken on a Proposal in this combined prospectus/proxy statement prior to
any such adjournment if sufficient votes have been received and it is otherwise
appropriate.
The individuals named as Proxies on the enclosed GOLD proxy card will vote in
accordance with your direction, as indicated thereon, if your proxy card is
received and is properly executed. If you properly execute your GOLD proxy and
give no voting instructions with respect to a Proposal, your shares will be
voted in favor of the Proposal. The duly-appointed Proxies, in their
discretion, may vote upon such other matters as may properly come before the
Meeting. Mr. Navellier and the Navellier Group are not aware of any other
matters to come before the Meeting.
If a broker returns a "non-vote" proxy, indicating a lack of authority to vote
on the Plan, or the Trustee election Proposal, then the Portfolio Shares covered
by such broker non-vote shall be deemed present at the Meeting for the purposes
of determining a quorum, but shall not be deemed to be represented at the
Meeting for the purposes of calculating the number of Portfolio Shares present
in person or represented by proxy at the Meeting with respect to the Plan or any
other Proposal.
PROXY SOLICITATION
Proxies will be solicited by mail and, if necessary to obtain the requisite
representation of Shareholders, the Navellier Group also may solicit proxies by
telephone, telegraph, and/or personal interview by representatives of Mr.
Navellier, Navellier Management, Inc., employees of Navellier Management, Inc.,
The Navellier Series Fund Trustees or their affiliates, and by representatives
of any independent proxy solicitation service retained for the Meeting including
MacKenzie Partners, Inc., a proxy solicitation firm. Mr. Navellier has agreed
to pay MacKenzie Partners a base fee of $15,000 if the proposals herein are
approved. Louis Navellier and Navellier Management, Inc., whose principal
location is One East Liberty Street, Third Floor, Reno, Nevada 89501, will bear
the costs of its solicitation, including the costs such as the preparation and
mailing of the notice, the combined prospectus/proxy statement, and the proxy,
and the solicitation of proxies, including reimbursement to persons who forward
proxy materials to their clients, and the expenses connected with the
solicitation of these proxies in person, by telephone, or by telegraph. Banks,
brokers, and other persons holding Portfolio Shares registered in their names or
in the names of their nominees will be reimbursed for their expenses incurred in
sending proxy materials to and obtaining proxies from the beneficial owners of
such Portfolio Shares.
Mr. Navellier, as sole owner of Navellier Management, Inc., has a financial
interest in the outcome of the vote, since the nominees for Trustee have
voted to merge the Portfolio into the Navellier Performance Funds and
therefore, any merger and election of the present Trustees would result in
Navellier Management, Inc. being investment advisor to the merged Portfolio,
for which it would receive investment advisory fees and administrative
services fees.
2
<PAGE>
REVOCATION OF PROXIES
You may revoke your proxy: (i) at any time prior to the proxy's exercise by
written notice to the Navellier Series Fund at One East Liberty Street, Third
Floor, Reno, Nevada 89501 prior to the Meeting; (ii) by the subsequent execution
and return of another proxy prior to the Meeting; or (iii) by being present and
voting in person at the Meeting and giving oral notice of revocation to the
Chairman of the Meeting.
ADDITIONAL VOTING INFORMATION
As of the Record Date, there were outstanding and entitled to be voted
4,024,032.27 Portfolio Shares. As of the Record Date Charles Schwab & Company,
San Francisco, California, The Fidelity Group and Smith Barney each held for the
benefit of others more than 5% of the Portfolio. Trustees and officers of The
Navellier Series Fund own in the aggregate less than 1% of the shares of the
Portfolio. To the knowledge of Mr. Navellier, no other person then owned more
than 5% of the outstanding shares of the Portfolio.
As more fully described in this proxy statement, the Meeting has been called
for the following purpose:
PROPOSAL 1.
To elect Barry Sander, Joel Rossman, Jacques Delacroix, Arnold Langsen and
Louis Navellier as Trustees of the Fund.
3
<PAGE>
As described below, if a quorum is present in person or by proxy, the
approval by the Portfolio of Proposal 1 requires a majority vote for each
nominee.
THE PRESENT TRUSTEES OF THE NAVELLIER SERIES FUND REQUESTED THIS MEETING.
MR. NAVELLIER AND THE TRUSTEES ("THE NAVELLIER GROUP") UNANIMOUSLY RECOMMEND
THAT THE NOMINEES PROPOSED BY THE NAVELLIER GROUP BE ELECTED AS TRUSTEES.
PLEASE VOTE "FOR" PROPOSAL 1.
ELECTION OF TRUSTEES
The Navellier Series Fund currently has five Trustees, all of whom have voted
in favor of the proposed merger. The Navellier Group proposes that Portfolio
shareholders elect i.e. vote FOR the Navellier Group nominees as the Trustees
at the Meeting. The Navellier Group Nominees are listed below and have
furnished the following information concerning their principal occupations or
employment and certain other matters. Each Navellier Group Nominee, if
elected, would hold office until a successor has been elected and qualified
or until a merger is effected. Although the Navellier Group has no reason to
believe that any of its Nominees will be unable to serve as Trustees, if any
one or more of the Nominees are not available for election, the persons named
on the proxy card will vote for the election of such other nominees as may be
proposed by the Navellier Group.
NAVELLIER GROUP NOMINEES FOR TRUSTEES:
LOUIS NAVELLIER(4), is a Trustee, President and Treasurer of The Navellier
Performance Funds and is presently serving as a Trustee of The Navellier Series
Fund. Mr. Navellier is also the CEO, President, Secretary and Treasurer of
Navellier Management, Inc., a Delaware corporation which is the Investment
Advisor to the Portfolio and to the Acquiring Fund. Mr. Navellier is also CEO,
President, Secretary and Treasurer of Navellier Securities Corp., the principal
underwriter of the Fund's shares; Mr. Navellier is and has been the CEO and
President of Navellier & Associates, Inc., an investment company since 1988; CEO
and President of Navellier Management, Inc., an investment advisory company
since May 10, 1993; Trustee of The Navellier Series Fund; CEO and President of
Navellier International Management, Inc., an investment management company since
May 10, 1993; CEO and President of Navellier Securities Corp., since May 10,
1993; CEO and President of Navellier Fund Management, Inc., an investment
management company, since November 30, 1995; and has been publisher and editor
of MPT Review from August 1987 to the present and was publisher and editor of
the predecessor investment advisory newsletter OTC Insight, which he began in
1980 and wrote through July 1987.
- -------------------------
(4) This person is an interested person affiliated with the Investment
Advisor.
4
<PAGE>
Navellier Management, Inc. (which is 100% owned by Louis Navellier) received
$2,323,690 in investment advisory fees and $464,738 in administrative
services fees from the Portfolio in 1996.
ARNOLD LANGSEN(5), is a Trustee of The Navellier Performance Funds and is
serving as a Trustee of The Navellier Series Fund (however, Professor Langsen is
the President and a shareholder of the Langsen Group, Inc. of California, which
corporation provides consulting services to Navellier & Associates, Inc.).
Professor Langsen is Professor Emeritus of Financial Economics, School of
Business, California State University at Hayward (1973-1992); Visiting
Professor, Financial Economics, University of California at Berkeley
(1984-1987).
BARRY SANDER, is a Trustee of The Navellier Performance Funds and is presently a
Trustee of The Navellier Series Fund; currently the President and CEO of Ursa
Major, Inc., a stencil manufacturing firm and has been for the past eight years.
JOEL ROSSMAN, is a Trustee of The Navellier Performance Funds; currently
President and CEO of Personal Stamp Exchange, Inc., a manufacturer, designer and
distributor of rubber stamp products. He has been President and CEO of Personal
Stamp Exchange for the past ten years.
JACQUES DELACROIX, is a Trustee of The Navellier Performance Funds and is
presently a Trustee of The Navellier Series Fund; Dr. Delacroix is a Professor
of Organizational Analysis & Management at Santa Clara University where he has
taught for 14 years.
OFFICERS
The officers of the Portfolio are affiliated with the Investment Adviser
and receive no salary or fee from the Portfolio. The disinterested Trustees
are each compensated by The Navellier Performance Funds with an annual fee,
payable quarterly (calculated at an annualized rate), of $7,500. The
Trustees' fees may be adjusted according to increased responsibilities if the
Navellier Performance Fund (the "Acquiring Fund") assets exceed one billion
dollars. In addition, each disinterested Trustee receives reimbursement for
actual expenses of attendance at Board of Trustees meetings.
The Portfolio does not expect, in its current fiscal year, to pay
aggregate remuneration in excess of $60,000 for services in all capacities to
any (a) Trustee, (b) officer, (c) affiliated person (other than the
Investment Adviser), (d) affiliated person of an affiliate or principal
underwriter, or (e) all Trustees and officers of the Portfolio as a group.
The Board of Trustees is permitted by the By-Laws to appoint an advisory
committee which shall be composed of persons who do not serve the Portfolio
in any other capacity and which shall have no power to dictate corporate
operations or to determine the investments of the Portfolio. The Portfolio
currently has no advisory committee.
- --------------------------
(5) This person, although technically not an interested person affiliated
with the Investment Advisor, does own a company which provides
consulting services to Navellier & Associates, Inc., a company owned
by Louis Navellier.
5
<PAGE>
--------------------------------------------------------------------
REMUNERATION TABLE
--------------------------------------------------------------------
Aggregate
Remuneration Received Remuneration*
from The Navellier From
Name Performance Funds Acquiring
(Acquiring Fund) Fund and
Portfolio
--------------------------------------------------------------------
Louis G. Navellier $ 0.00 $ 0.00
--------------------------------------------------------------------
Barry Sander $7,500.00 $ 7,500.00(1)
--------------------------------------------------------------------
Arnold Langsen $7,500.00 $ 7,500.00(1)
--------------------------------------------------------------------
Joel Rossman $7,500.00 $ 7,500.00(1)
--------------------------------------------------------------------
Jacques Delacroix $7,500.00 $ 7,500.00(1)
--------------------------------------------------------------------
* Based on payments for fiscal year 1996.
(1) The Independent Trustees have agreed (unless the merger is not approved)
to waive their fees as Trustees of The Navellier Series Fund in
anticipation of the merger and liquidation of The Navellier Series Fund.
6
<PAGE>
OTHER BUSINESS
The Navellier Group knows of no business to be brought before the Meeting other
than the matters set forth in this combined prospectus/proxy statement. Should
any other matter requiring a vote of Shareholders arise, however, the Proxies
will vote thereon according to their best judgment in the interests of the
Portfolio and of the Shareholders.
By the Board of Trustees of the Navellier Series Fund
By
------------------------------
Louis G. Navellier
One East Liberty Street, Third Floor
Reno, Nevada 89501
August 29, 1997
7
<PAGE>
PROXY THE NAVELLIER AGGRESSIVE SMALL CAP EQUITY PROXY
PORTFOLIO
THE NAVELLIER SERIES FUND
One East Liberty Street, Third Floor
Reno, Nevada 89501
_____________
PROXY FOR A SPECIAL MEETING OF SHAREHOLDERS
September 12, 1997
THIS PROXY IS SOLICITED BY LOUIS NAVELLIER, and the other Trustees of THE
NAVELLIER SERIES FUND (the "NAVELLIER GROUP") for use at a special meeting of
the shareholders of The Navellier Aggressive Small Cap Equity Portfolio (the
"Portfolio"), an investment portfolio offered by The Navellier Series Fund (the
"Series Fund") which meeting will be held at 10:00 A.M., Pacific Time, on
September 12, 1997, at the offices of THE NAVELLIER SERIES FUND, One East
Liberty Street, Third Floor, Reno, Nevada 89501 (the "Meeting").
The undersigned shareholder of the Portfolio, revoking any and all previous
proxies heretofore given for shares of the Portfolio held by the undersigned
("Shares"), does hereby appoint Louis Navellier and Samuel Kornhauser, and each
and any of them, with full power of substitution to each to be the attorneys and
proxies of the undersigned (the "Proxies"), to attend the Meeting of the
shareholders of the Portfolio, and to represent and direct the voting interests
represented by the undersigned as of the record date for said Meeting for the
Proposals specified below.
This proxy, if properly executed, will be voted in the manner as
directed herein by the undersigned shareholder. Unless otherwise specified
below in the squares provided, the undersigned's vote will be cast "FOR" the
Proposal. If no direction is made for any Proposals, this proxy will be
voted "FOR" the Proposal. In their discretion, the Proxies are authorized to
transact and vote upon such other matters and business as may come before the
Meeting or any adjournments thereof.
<PAGE>
Proposal 1 Election of Barry Sander, Joel Rossman, Arnold Langsen,
Jacques Delacroix and Louis Navellier as Trustees of the
Portfolio.
Barry Sander
FOR [ ] AGAINST [ ] ABSTAIN [ ]
Joel Rossman
FOR [ ] AGAINST [ ] ABSTAIN [ ]
Arnold Langsen
FOR [ ] AGAINST [ ] ABSTAIN [ ]
Jacques Delacroix
FOR [ ] AGAINST [ ] ABSTAIN [ ]
Louis Navellier
FOR [ ] AGAINST [ ] ABSTAIN [ ]
WITHHOLD AUTHORITY for all nominees [ ]
To avoid the expense of adjourning the Meeting to a subsequent date, please
return this proxy in the enclosed self-addressed, postage-paid envelope. THIS
PROXY IS SOLICITED ON BEHALF OF LOUIS NAVELLIER and THE OTHER TRUSTEES OF THE
NAVELLIER SERIES FUND, WHICH RECOMMEND A VOTE FOR PROPOSAL 1.
Dated _______________, 1997
_________________________ ________________
Signature of Shareholder Number of shares
_________________________ ________________
Signature of Shareholder Number of shares
This proxy may be revoked by the shareholder(s) at any time
prior to the special meeting.
NOTE: Please sign exactly as your name appears hereon. If shares are
registered in more than one name, all registered shareholders should sign this
proxy; but if one shareholder signs, that signature binds the other shareholder.
When signing as an attorney, executor, administrator, agent, trustee, or
guardian, or custodian for a minor, please give full title as such. If a
corporation, please sign in full corporate name by an authorized person. If a
partnership, please sign in partnership name by an authorized person.
