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COLUMBUS, Ohio (April 1, 2002) - As of March 31, 2002 Prospero Funds' traditional equity product produced returns of 3.5% year-to-date. During the same period, the S&P 500 lost (0.1)% and the NASDAQ declined (5.4)%. For the 12 months ending March 31, 2002, Prospero Funds' accounts gained 28.2% net of all fees and expenses, while the S&P was unchanged. Prospero Funds' historical returns, net of all trading costs and management fees, are detailed below:

PERFORMANCE SUMMARY, THROUGH 03/31/02

  ANNUAL
PROSPERO
ANNUAL
S&P

DIFF
TOTAL
PROSPERO
TOTAL
S&P

DIFF
1-year 28.20% 0.03% 28.17% 28.20% 0.03% 28.17%
3-year 15.61% (2.94)% 18.55% 54.53% (8.56)% 63.10%
5-year 19.06% 9.81% 9.25% 139.22% 59.68% 79.54%
Since Inception
(1/1/93)
15.03% 13.11% 1.92% 265.21% 212.54% 52.67%

About Prospero Funds: Prospero Funds is an investment advisory company delivering superior financial results and service to clients through detailed fundamental research and investment insight. Contact Prospero Funds at 866.377.7677 or invest@prosperofunds.com for more information.