OVERVIEW (as of 3/31/2008 )
 
Investment Objective:The fund seeks to provide long-term capital appreciation. Any income received is incidental to this objective.

Investment Strategy:The fund is actively managed and invests mainly in a diversified portfolio of smaller size U.S. companies with the range of the Russell 2000® Index. The fund is diversified with respect to stocks possessing both value and growth investments.

Investment Suitability:This fund may be suitable to investors who seek higher, long-term rates of return, can accept significant short-term fluctuations in account value, want to invest in stocks of small to medium-size U.S. companies and would like to diversify their portfolio by adding a potentially higher return, higher risk option of stocks. Small company stocks are subject to greater risk than large company stocks due to more volatility and less liquidity.