COLUMBUS, Ohio (July 1, 2001) - As of June 30, 2001 Prospero Funds generated returns of 13.5% year-to-date. Over the same period, the S&P 500 lost 7.3% and the NASDAQ declined 12.6%. For the 12 months ending June 30, 2001, Prospero Funds' accounts appreciated 16.4%, while the S&P declined 15.3%. Prospero Funds' historical returns, net of all trading costs, are detailed below: PERFORMANCE SUMMARY, THROUGH 6/30/01   ANNUAL PROSPERO ANNUAL S&P DIFF TOTAL PROSPERO TOTAL S&P DIFF 1-year 16.35% (15.34)% 31.69% 16.35% (15.34)% 31.69% 3-year 15.90% 3.71% 12.19% 55.68% 11.54% 44.14% 5-year 20.10% 14.34% 5.76% 149.90% 95.41% 54.49% Since Inception (1/1/93) 15.96% 15.05% 0.91% 252.02% 229.19% 22.83% 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.