The Fund seeks to achieve its investment objective of capital appreciation by investing in equity securities, such as common stocks and securities that are convertible into common stock. Under normal market conditions, the Fund will invest at least 80% of its net assets in equity securities of companies located in Eastern Europe or which conduct a significant portion of their business in countries which are generally considered to comprise Eastern Europe. The Fund will normally have represented, in the portfolio, the business activities of not less than three different countries.

Please see important year-end tax reporting notice below

In order to allow adequate time for the annual year-end audit to be concluded prior to issuance of the Form 1099-DIV to shareholders, the Fund will file a 30 day extension with the Internal Revenue Service that extends the deadline for the Fund to issue Form 1099-DIV to shareholders. Based on this extension, you should receive your 1099-DIV no later than February 28, 2009. If you have any questions and wish to speak to a shareholder services representative, please call the Fund toll-free at 1-800-527-9525.

Important Disclosures, Please Read
Please refer to the prospectus for complete disclosure information, management fees, expenses and special risk considerations, and additional investment information. Read the prospectus carefully before you invest.
Investing in foreign companies involves significant risks and special considerations not typically associated with investing in United States securities, and should be considered highly speculative. The Fund also invests in emerging and developing markets. These markets may be subject to more substantial volatility and price fluctuations than securities traded in more established markets. For more information on risks involved with investing in the Fund, please read the prospectus.
Investment products offered are not FDIC insured, may lose value and are not bank guaranteed.
Securities distributed through First Dominion Capital Corp., Principal Underwriter, 8730 Stony Point Pkwy, Suite 205, Richmond, VA 23235.