(Photo omitted)
ELIZABETH R. BRAMWELL, CFA
President and Chief Investment Officer
THE BRAMWELL GROWTH FUND
* * * *
MORNINGSTAR RATING
PERFORMANCE
AVERAGE ANNUAL TOTAL RETURNS
as of 10/31/98
- ----------------------------------------------
One Three Since
Year Years Inception*
21.3% 21.50% 22.6%
A Diversified
Portfolio Seeking
Long-Term
Capital Growth
For a Prospectus, please call
1-800-BRAMCAP
(1-800-272-6227)
www.bramwell.com
THE BRAMWELL FUNDS, INC.
-------------------------
745 FIFTH AVENUE, NEW YORK, NEW YORK 10151
*Inception 8/1/94. Average annual total returns are historical and
include changes in share price and reinvested dividends and
distributions. The annual expense ratio of the Fund is capped at
1.75% which for the years ended June 30, 1997 favorably affected
performance. Investment returns and share values will fluctuate
and you may have a gain or loss when shares are sold. The Prospectus
contains more complete information, including fees and expenses.
READ IT CAREFULLY BEFORE YOU INVEST OR SEND MONEY.
Morningstar proprietary ratings reflect historical risk-adjusted
performance as of 10/31/98 and are subject to change every month. Overall
ratings are calculated from the Fund's 3-year average annual returns in
excess of 90-day Treasury bill returns with appropriate fee adjustments
and a risk factor that reflects fund performance below 90-day Treasury
bill returns. The Fund was ranked out of 2,719 domestic equity funds
for the 3-year period. Ten percent of the funds in a category receive
5 stars and the next 22.5% receive 4 stars.
