THE BRAMWELL GROWTH FUND
CELEBRATING OUR
4TH ANNIVERSARY
August 1, 1998
(Photo omitted)
ELIZABETH R. BRAMWELL, CFA
President and
Chief Investment Officer
COMPOUND AVERAGE ANNUAL RETURNS
-----------------------------------
One Year From Inception
Ended 8/1/98 8/1/94 - 8/1/98
------------ ---------------
26.6% 25.5%
For a prospectus, please call
1-800-BRAMCAP
1-800-272-6227
THE BRAMWELL FUNDS, INC.
www.bramwell.com
Return includes changes in share price and reinvestment of dividends and is net
of expenses. The annual expense ratio of the Fund is capped at 1.75% which
favorably affected the performance. Performance is historical and does not
guarantee future results. Investment returns and share values will fluctuate
and a gain or loss may occur when shares are sold. The Prospectus contains more
complete information, including fees and expenses. Read it carefully before you
invest or send money.