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THE BRAMWELL GROWTH FUND
Celebrating Our 6th ANNIVERSARY
August 1, 2000
COMPOUND AVERAGE ANNUAL RETURNS
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One Year Three Years Five Years Since
Ended Ended Ended Inception
8/1/00 8/1/00 8/1/00 8/1/94-8/1/00
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GROWTH FUND 25.21% 22.43% 22.54% 23.77%
S&P 500/R INDEX<F1> 9.52% 16.52% 22.84% 23.13%
For a Prospectus, please call
1-800-BRAMCAP
1-800-272-6227
www.bramwell.com
(logo)
Bramwell
Funds
(PHOTO)
ELIZABETH R. BRAMWELL, CFA
President and Chief Investment Officer
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.
<F1> The S&P 500/R Stock Index is an unmanaged index of 500 selected common
stocks, most of which are listed on the New York Stock Exchange. The Index
is adjusted for dividends, weighted towards stocks with large market
capitalizations and represents approximately two-thirds of the total
market value of all domestic common stocks.
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