RS Investments Expands Its Team of Investment Professionals


San Francisco, January 24, 2007 - RS Investments (RS), a San Francisco-based investment management firm, announced today the addition of two professionals to the firm's investment team. Adam Weiner, an experienced research analyst and audit manager, has joined the team as an analyst in the RS Core Equity Group in the firm's New York office; and Martin Engel, an experienced research analyst, has joined as an analyst in the RS Value Group in San Francisco.

"Outstanding investment research has long been one of the hallmarks of the RS investment process," said Terry Otton, Chief Executive Officer of RS Investments. "Both of these individuals are proven professionals whose expertise will enhance our fundamental research capabilities."

Weiner brings 11 years of investment experience to the RS Investment team. Prior to joining RS Investments, he worked for more than two years as a research analyst at Credit Suisse Asset Management. Prior to that he worked on the sellside as analyst for over eight years covering aerospace and defense at both Credit Suisse First Boston and Morgan Stanley. Weiner also has nearly four years experience as an audit manager at the Dun and Bradstreet Corporation. Weiner holds a Bachelor's degree in finance from George Washington University and a Master's of Business Administration degree from New York University.

Engel has over nine years in the investment field and has private equity and investment banking experience as well. He served two years as Vice President of TenX Capital Partners, and subsequently continued his career as a general analyst at Behrens Rubinoff Capital Partners LLC. Engel graduated from University of Virginia with a Bachelor's degree in commerce. He also holds a Master's of Business Administration from the Wharton School of Business.

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

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