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Introducing...
BRAMWELL
FOCUS FUND
Investment Return
for the two months
ended 12/31/99<F1>
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19.40%
(PHOTO)
ELIZABETH R. BRAMWELL, CFA
President and
Chief Investment Officer
A non-diversified
portfolio of
companies
chosen for their
above average
growth prospects
<F1> Inception 10/31/99 through 12/31/99. Performance is historical and is no
guarantee of future results. The annual expense ratio of the Fund is capped
at 1.75%. Investment returns and share value will fluctuate and you may
have a gain or loss when shares are sold. The Prospectus contains more
complete information, including fees and expenses. Please read it carefully
before you invest or send money.
(LOGO)
Bramwell
Funds
For a Prospectus and an Investor Kit, please call
1-800-BRAMCAP
1-800-272-6227
745 Fifth Avenue - New York, New York 10151
www.bramwell.com