"The Montgomery Mid Cap 20 Portfolio is designed to allow investors to directly benefit from the opportunities available in the mid-cap segment of the U.S. equity market," says Scott Tuck, president of Montgomery Asset Management, the investment manager for The Montgomery Funds. "Mid-caps have recently taken a leadership position, handily beating their small-cap and large-cap counterparts this year."

The Montgomery Mid Cap 20 Portfolio invests in companies with a market capitalization profile consistent with the S&P MidCap 400 Index, focusing on growth-oriented businesses with solid fundamentals and excellent potential for long-term growth. The Portfolio is managed in a concentrated fashion, holding approximately 20 to 30 stocks.

The Portfolio, which is managed by Montgomery's Small Cap Equity team, benefits from over a decade of Montgomery's experience in identifying small businesses that have the potential to become large companies. Cam Philpott, co-portfolio manager for the Portfolio, is extremely optimistic about the near- and long-term opportunities present in the mid-cap segment of the U.S. equity market. "Our Small Cap team has developed a thorough understanding of hundreds of smaller companies over more than a decade. Although many of these companies have since grown beyond the range for our small-cap offerings, many continue to offer excellent potential for further growth. We launched the Montgomery Mid Cap 20 Portfolio so that investors could benefit from our deep fundamental understanding of these investment opportunities," asserts Philpott. He added, "We believe mid-cap companies offer a very attractive combination of stability and opportunity as they are generally more seasoned than small-cap companies, but have greater growth potential than larger companies."

About Montgomery Asset Management, LLC

Montgomery is distinguished as an innovative investment management firm. Its seasoned experts are dedicated to the goal of exceptional investment performance through disciplined growth strategies. By empowering investors with access to the organization's experience and insight, Montgomery helps them to Invest wisely.

Based in San Francisco, Montgomery Asset Management, LLC is an investment firm managing approximately $11 billion in global assets for its clients. An affiliate of Commerzbank AG, the organization is known for its high quality fundamental research and bottom-up stock picking as an institutional money manager. Founded in 1990, Montgomery is also recognized for offering this same high quality investment capability to no-load mutual fund investors through The Montgomery Funds (www.montgomeryfunds.com). The Montgomery Funds recently launched Stock Solutions--an innovative platform that features online access to holdings within portfolios, providing shareholders a greater level of insight into their investments.

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For more complete information including a prospectus, detailing charges and expenses, please call 1-800-572-FUND [3863], or visit the Web site at http://www.montgomeryfunds.com. Please read the prospectus carefully before you invest.

Distributor: Funds Distributor, Inc.