COLUMBUS, Ohio (July 1, 2002) - As of June 30, 2002 Prospero Funds' traditional equity product produced returns of (8.1)% year-to-date. During the same period, the S&P 500 lost (13.8)% and the NASDAQ declined (25.0)%. For the 12 months ending June 30, 2002, Prospero Funds' accounts returned (3.8)% net of all fees and expenses, versus a (19.2)% loss in the S&P. Prospero Funds' historical returns, net of all trading costs and management fees, are detailed below: PERFORMANCE SUMMARY, THROUGH 06/30/02   ANNUAL PROSPERO ANNUAL S&P DIFF TOTAL PROSPERO TOTAL S&P DIFF 1-year (3.83)% (19.15)% 15.32% (3.83)% (19.15)% 15.32% 3-year 6.04% (9.59)% 15.63% 19.24% (26.10)% 45.34% 5-year 13.70% 3.34% 10.36% 90.03% 17.84% 72.19% Since Inception (1/1/93) 13.19% 11.01% 2.18% 224.47% 169.63% 54.84% 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.