RS Investments Expands Its Team of Investment Professionals


San Francisco, March 1, 2005 - RS Investments, a San Francisco-based investment management firm specializing in small and mid-cap equities, announces the addition of two experienced professionals to the firm's investment team. Brenda A. Barber, an experienced analyst in small- cap equities, has joined the firm as an analyst in the company's growth group, and Jean Timken, a trader with more than 20 years of experience, has joined the firm's trading team.

"We are committed to steadily enhancing our investment capabilities through recruiting top-notch professionals," said Terry Otton, Co-CEO at RS Investments. "Both of these individuals have proven track records in their disciplines that will be an asset to RS Investments and our investors."

Prior to joining RS Investments, Brenda spent six years as an analyst at RCM Global Investors, where she focused on small-cap equities. She holds a Bachelor of Arts degree in psychology from the University of California at Santa Cruz and is currently a Chartered Financial Analyst (CFA) level II candidate.

Jean has accrued more than 20 years of experience in the investment field. Previously she was the head trader at West Highland Capital, Inc. for nine years, and a head trader at Pacific Equity Management for five years. She also held institutional sales trading positions at Brad Peery, Inc., and at Hambrecht & Quist. Jean graduated summa cum laude from San Diego State University with a degree in political science.

You should read the current RS Funds' Prospectus before investing. The RS Funds' Statement of Additional Information (SAI)  provides information about the Funds that may not be contained in the Prospectus.

RS Funds are sold by Prospectus only. You should carefully consider the investment objectives, risks, charges, and expenses of the RS Funds before making an investment decision. The prospectus contains this and other important information. Please read it carefully before investing or sending money. To obtain a printed copy, please call 800-766-3863.

If you are an existing shareholder and would like a copy of the prospectus or need to contact RS Investments, call 800-766-3863. If you are interested in learning more about and how to invest with RS, please contact your financial professional.

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RS Funds are distributed by: Guardian Investor Services LLC, 7 Hanover Square, New York, NY 10004.

RS is an independent subsidiary of Guardian Investor Services LLC. Guardian Investor Services LLC (GIS), is a registered broker-dealer, registered investment advisor, and a wholly owned subsidiary of The Guardian Life Insurance Company of America.

Not A Deposit / Not FDIC or NCUA Insured / May Lose Value / No Bank or Credit Union Guarantee

GIS is a member: FINRA and SIPC.

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RS Investments is the marketing name for RS Investment Management Co. LLC and its affiliates.