Q: Does the E*TRADE Kobren Growth Fund charge a load or redemption fee?

A: No. The E*TRADE Kobren Growth Fund Fund has no sales load and no redemption fee, so all your investment dollars go to work directly for you.

Q: What about fund expenses?

A: The E*TRADE Kobren Growth Fund Fund is subject to a Contractual Expense Limitation Agreement through April 30, 2008, limiting total annual operating expenses to a maximum of 1.00%. (Since the E*TRADE Kobren Growth Fund Fund owns other mutual funds, investors will be subject to the expenses of those underlying funds as well, so the total cost of E*TRADE Kobren Growth Fund will be greater than the costs of purchasing those underlying funds individually.)

Q: The "fund of funds" concept is a popular way to invest in mutual funds and now several mutual fund companies offer “funds of their own funds.” Why should an investor select the E*TRADE Kobren Growth Fund Fund?

A: Although there are special risks inherent in all “fund of funds” investing, the E*TRADE Kobren Growth Fund Fund is not restricted to one fund family. There is no vested interest in the funds selected for the portfolio, and if a fund isn't performing up to Kobren’s expectations, there is no compunction about selling it.

Q: Is the E*TRADE Kobren Growth Fund Fund available in any mutual fund supermarkets?

A: Yes, E*TRADE Kobren Growth Fund Fund is available with no transaction fee on the E*TRADE SUPERSTORE, Fidelity FundsNetwork and TD Waterhouse networks. It is also available with a transaction fee through Charles Schwab and Co., Inc., and several other networks.

Q: Can I rollover my IRA into the E*TRADE Kobren Growth Fund Fund

A: Yes. Both traditional and Roth IRAs are offered.

Q: What is the investment minimum for the E*TRADE Kobren Growth Fund fund?

A: The minimum initial investment is $2,500 ($2,000 for IRAs).

Q: If I am interested in investing in the E*TRADE Kobren Growth Fund Fund what do I do?

A: If you wish to purchase the E*TRADE Kobren Growth Fund Fund through a network, you can contact them directly. If you want to buy directly from us you can download a prospectus and application or you can request one by mail.