Special Equity Fund

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		Month Ending 10/31/2008 (%)							Quarter Ending 9/30/2008 (%)
Fund/Class		1 Year	3 Year	5 Year	10 Year	Life of Fund	Expense Ratio		1 Year	3 Year	5 Year	10 Year	Life of Fund
							Gross	Net
Special Equity Fund
Institutional Class		-43.95	-10.19	—	—	-4.20	1.24	1.24	-26.93	-3.65	—	—	0.97
Managers Class		-44.06	-10.39	-2.74	3.80	10.18	1.47	1.47	-27.09	-3.86	3.63	6.68	11.29
Russell 2000® Index
		-34.16	-4.79	1.57	4.90	—			-14.48	1.83	8.15	7.81	—
Russell 2000® Growth Index
		-37.87	-5.31	-0.13	1.63	—			-17.07	1.45	6.64	4.67	—

Fund Inception Date	Institutional	Managers
	5/3/2004	6/1/1984
Calendar Year Returns	Institutional	Managers	Russell 2000® Growth Index	Russell 2000® Index
2007	-0.39%	-0.60%	7.05%	-1.57%
2006	11.53%	11.28%	13.35%	18.37%
2005	4.21%	4.00%	4.15%	4.55%
2004	—	15.18%	14.31%	18.33%
2003	—	42.50%	48.54%	47.25%
2002	—	-21.98%	-30.26%	-20.48%
2001	—	-8.07%	-9.23%	2.49%
2000	—	-2.56%	-22.43%	-3.02%
1999	—	54.11%	43.09%	21.26%
1998	—	0.20%	1.23%	-2.55%
1997	—	24.45%	12.95%	22.36%
1996	—	24.75%	11.26%	16.49%
1995	—	33.94%	31.04%	28.45%

Investors should carefully consider the fund's investment objectives, risks, charges, and expenses before investing. For this and other information, please call 800.835.3879 or download a free prospectus. Read it carefully before investing or sending money.

The performance shown represents past performance and is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. From time to time the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields on the Fund are net of expenses and the returns and yields on the indices exclude expenses. Current performance of the Fund may be lower or higher than the performance quoted.

The Fund share classes differ with regard to sales charges and Fund expenses. In choosing a Fund and class(es), investors should consider the amount they plan to invest, their investment objectives, the Fund’s investment objectives, risks, charges and expenses carefully before investing, and how long they intend to keep their money invested in the Fund and class(es).  Investors should discuss their goals and choices with a registered financial professional in order to determine which share class is appropriate for them.

Performance for periods longer than a year are annualized.

Performance marked "NAV" does not reflect the deduction of a sales load and that, if reflected, would reduce the performance reported.

The Fund is subject to risks associated with investments in small capitalization companies, such as erratic earnings patterns, competitive conditions, limited earnings history, and a reliance on one or a limited number of products.

Annual net expense ratios as of the current prospectus dated 04/01/08 adjusted for the reduction in custodial fees, which took effect on 07/01/2007.

Unlike the Fund, the Index is unmanaged, is not available for investment and does not incur expenses. Please see Index Definitions for all our funds' benchmarks.

The Russell 2000^® Index and Russell 2000^® Growth Index are trademarks of Russell Investments. Russell^® is a trademark of Russell Investments. An investment cannot be made directly into an Index.