(Photo omitted)
ELIZABETH R. BRAMWELL, CFA
President and Chief Investment Officer
A Diversified
Portfolio Seeking
Long-Term
Capital Growth
THE BRAMWELL GROWTH FUND
PERFORMANCE
Average Annual Total Returns as of 12/31/98
- ----------------------------------------------
One Three Since
Year Years Inception*
34.5% 26.6% 25.8%
4-STAR MORNINGSTAR(TM) RATING
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. Past performance is no guarantee of
future results. 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 12/31/98 and are subject to change every month. Ratings are calculated
from the Fund's 3-year average annual returns in excess of 90-day Treasury bill
returns with appropriate fee adjustmens and a risk factor that reflects fund
performance below 90-day Treasury bill returns. The Fund was rated out of 2,802
domestic equity funds for the 3-year period. The top ten percent of the funds
in a category receive 5 stars and the next 22.5% receive 4 stars.
