Below is information about the features, services and requirements regarding your online account. You may scroll down the page or click on the topic to jump to that section.

1. My Account Features
      a. Portfolio Summary
      b. Account Information
         i. Account History
         ii. Transactions (Buy, Exchange, and Sell Shares)
         iii. View Average Cost
         iv. Change Distribution Options
         v. Add/Update Bank Information
         vi. View Beneficiary Information (fiduciary accounts only)
         vii. Order Duplicate Statements
         viii. Systematics Agreements
         ix. View Pending Trade(s)
         x. View/Order Tax Form(s)
      c. E-Delivery
      d. Logging On
      e. Logging Off
2. Establishing/Retrieving your PIN
3. Security
4. Browser Requirements
5. Customer Support
6. Frequently Asked Questions (FAQs)

1. My Account Features

Portfolio Summary
The Portfolio Summary section displays the price per share (net asset value), number of shares, and current value of the shares in each of the accounts in your portfolio (associated with the same Social Security Number (SSN) or Taxpayer Identification Number (TIN)), and calculates the master total of the current value of the overall portfolio. Additionally, this section is where you can access the following features:

1. View Account Information. Click the Account Information button located next to the RS Fund to go to that section. Here you can view your:
   
   

   •   Account Balance   •   Personalized Performance   •   Account History   •   Account Transactions (Buy, Exchange       and Sell Shares)   •   Average Cost   •   Change Distribution Options

   •   Add/Update Bank Information   •   Dealer Information   •   Beneficiary Information (fiduciary accounts only)   •   Order Duplicate Statement   •   Systematic Purchase and Redemption Options   •   Pending Trade(s)   •   View/Order Tax Form(s)

   
   
2. Sign-up for E-Delivery. Click the E-Delivery button to register to receive your quarterly statement and Fund documents online.
3. View Statements: access to your current and previous quarterly account statements.
4. Change Your Address.
5. Change Your PIN.
6. Log Off. To exit My Account and return to the home page, click on the End Session button.

Account Information
Detailed information for a specific account is located here. The share balance, net asset value and total value are as of the last business day the stock market was open.

Reserved shares, escrow shares and premature shares are not available for exchange or redemption. For more information on these types of shares please contact RS Account Services at 1-800-272-6944. Pending Trade Amount displays the number of shares pending to be bought, sold or exchanged.

In addition to the specific account information, you can also view account history; buy, exchange, and sell shares; establish Systematic Agreements; and order duplicate statements.

Account History
Displays of recent transaction activity in your account (a maximum of 80 transactions can be displayed).

Please Note: Pending transaction will not be displayed in the transaction history.

Definitions of the categories of information are as follows:

1. To return to the Account Information section, click the Return to Account Information button.
2. To exit My Account and return to the home page, click on the End Session button.

Transactions
Buy Shares
This feature allows you to purchase shares into your existing account or into a new fund within the RS Fund family. Your bank account will be debited via the Automated Clearing House (ACH) system. ACH information must be on your account to be able to use the function. If ACH information is not on your account please call RS Account Services at 1-800-272-6944 for assistance.

1. Enter the dollar amount you wish to invest. When entering the dollar amount, do not enter commas: enter the decimal point only if needed. For example, if you want to purchase $10,000 worth of shares, enter 10000. If you want to purchase $5,000.50 worth of shares enter 5000.50.
2. If you are purchasing shares for the fund you are currently invested in select This Account. If you would like to purchase shares for a new fund select New Account and the new fund you wish to purchase shares in.




Purchase Minimums and Maximums:
	Regular Account	IRA
Purchase into an existing fund
Minimum	$100	$100
Maximum	$50,000	$4,000
Purchase into a new fund
Minimum	$2,500	$1,000
Maximum	$50,000	$4,000



3. To complete the transaction click Continue. The Buy Verification notice (where you review your transaction) will then be displayed followed by the Buy Confirmation notice.
4. To end this transaction and return to the Account Information section, click Cancel.

* All transactions are processed at the next calculated net asset value (NAV). The NAV is calculated at the close of the New York Stock Exchange, normally 4:00 p.m. eastern time, on any day the New York Stock Exchange is open for business.

Exchange Shares

PLEASE NOTE: There is a maximum of four exchanges per rolling 12-month period allowed. Please refer to page 41 of our prospectus for more details.

This page allows you to exchange (sell shares of one fund to purchase shares of another fund) a specific dollar amount, number of shares or a percentage of shares from your existing fund to another existing or new RS Fund.

1. The fund name and account that you are exchanging from will be displayed at the top of the page. Please be sure this is the fund you would like to sell shares of.
2. Select the exchange option you want to use: dollar amount, numbers of shares, percent of shares or all shares.
3. Enter the dollar amount, number of shares or percent of shares, depending on which exchange option you have selected.




Exchange Minimums and Maximums:
	Regular Account	IRA
Exchange to an existing fund
Minimum	$100	$100
Maximum	$100,000	$100,000
Exchange to a new fund
Minimum	$2,500	$1,000
Maximum	$100,000	$100,000



4. Select the fund into which you want to exchange.
5. Select whether you are exchanging to an existing or a new fund. If it is an existing fund (a fund you currently own), enter the account number for that fund.
6. To complete the transaction click Continue. The Exchange Verification notice (where you review your transaction) will then be displayed followed by the Exchange Confirmation notice.
7. To end this transaction and return to the Account Information section, click Cancel.

* All transactions are processed at the next calculated net asset value (NAV). The NAV is calculated at the close of the New York Stock Exchange, normally 4:00 p.m. eastern time, on any day the New York Stock Exchange is open for business.

Sell Shares
This feature allows you to redeem shares from your account. You can select either the dollar amount or number of shares to redeem and how you want to receive the proceeds.

1. The fund name and account that you are redeeming from will be displayed at the top of the page. Please be sure this is the fund from which you would like to sell shares.
2. Select how you would like the proceeds sent to you: check, Automated Clearing House (ACH) or wire.
3. Select the method of how you would like the redemption placed. The redemption can be placed in dollars, shares, and percentage of shares or all shares.
4. Enter the dollar amount, share amount or percent of shares for the redemption method you chose.




Redemption Minimums and Maximums:
	Regular Account	IRA
Redemption via ACH
Minimum	$100	Not Available
Maximum	$50,000	Not Available
Redemption via check
Minimum	$100	Not Available
Maximum	$50,000	Not Available
Redemption via bank wire
Minimum	$100	Not Available
Maximum	$50,000	Not Available



5. To complete the transaction click Continue. The Sell Verification notice (where you review your transaction) will then be displayed followed by the Sell Confirmation notice.
6. To end this transaction and return to the Account Information section, click Cancel.

* All transactions are processed at the next calculated net asset value (NAV). The NAV is calculated at the close of the New York Stock Exchange, normally 4:00 p.m. eastern time, on any day the New York Stock Exchange is open for business.

View Average Cost*
This feature allows you to review details of your current cost basis.

1. Select the View Average Cost button.
2. The last calculation date, cost basis amount, shares and cost per unit for your RS Fund will be displayed.
3. To return to the Account Information section, click the Return to Account Information button.

*This Average Cost Accounting information is provided to you as a recipient of the 1099-B tax form. Your Average Cost Accounting Statement is for informational purposes only and will not be reported to the IRS.

This information uses the Average Cost Single Category method of accounting. Although this accounting method is commonly used, it is only one of four IRS-approved methods for calculating gains or losses on sales of mutual fund shares. You are encouraged to consult your tax advisor to determine whether you are eligible to use the accounting information provided and whether this method is the best for you. You can also refer to IRS Publication 564, Mutual Fund Distributions, for help in determining which accounting method best fits your situation. You can call the IRS directly at 1-800-829-3676 to request this publication or you can download it from the IRS Web site (www.irs.gov). Once you have consented to use the average cost accounting method for your mutual fund account, you cannot change to another method for that same account without the approval of the Commissioner of the IRS. If you currently use another accounting method, you may switch by writing "average cost" on your Schedule D (Form 1040). However, if you redeemed shares prior to the tax year and used a method other than average cost to determine your cost basis, you may not be able to use Average Cost Basis provided on this statement.

Please consult a tax adviser to determine whether the Average Cost Single Category accounting method used on this statement is the most tax advantageous method for you.

You should consult your tax advisor or legal counsel for advice and information concerning your particular situation. Neither RS Funds nor any of its representatives may give tax or legal advice.

Change Distribution Options
This feature allows you to select and/or change your Dividends and Capital Gains selection to 'Reinvest' or 'Cash'.

1. Select the Change Distribution Options button.
2. Make your selection for 'Reinvest' or 'Cash' for both Dividends and/or Capital Gains.
3. Select the method of cash distribution, if that choice was selected. Then, select the fund into which you want to reinvest.
4. Select the Continue button. The Update Distribution Options Verification notice will then be displayed. If you make a mistake and/or want to change your request, click the "Back" button on your browser. Otherwise, click the Submit button to complete the process.
5. To end this transaction at any time during the process, click the Cancel button.
6. To return to the Account Information section, click the Return to Account Information button.

Add/Update Bank Information
This feature allows you to add or update your bank information for various transactions (i.e. ACH Purchase, ACH Redemption, ACH Dividend, and Wire Redemption).

1. Select the Add New Bank Information or Update Current Bank Information button.
2. Fill in the persons name(s) on the account, and routing number and bank account number of the new bank.
3. Select the transactions to be available for use with these bank instructions.
4. Select the Submit button to continue. The Bank Add/Update Verification notice will then be displayed. If you make a mistake and/or want to change your request, click the "Back" button on your browser. Otherwise, click the Complete Authorization button to complete the process.
5. To end this transaction at any time during the process, click the Cancel button.
6. To return to the Account Information section, click the Return to Account Information button.

View Beneficiary (fiduciary accounts only)
This feature allows you to view details of your primary and secondary (if applicable) beneficiary.

1. Select the View Beneficiary button.
2. The primary (and secondary, if applicable) beneficiary information, such as name, tax ID (SSN/TIN), birth date, relationship and designation date for your RS Fund IRA will be displayed.
3. To return to the Account Information section, click the Return to Account Information button.

Order Duplicate Statements
This feature allows you to select a statement you would like to receive a duplicate copy of: daily statement, most recent investor statement and/or year-to-date investor statement. Your printed statement will be mailed to you within 10 days of your request.

1. Select the statement you would like to receive and click the Request Duplicate button.
2. The Duplicate Statement Verification notice (where you review your request) will then be displayed. Click the Submit button to complete the transaction. The Duplicate Statement Acknowledgment notice will then be displayed. If you make a mistake and/or want to change your request, click the "Back" button on your browser.
3. To end this transaction at any time during the process, click the Cancel button.
4. To return to the Account Information section, click the Return to Account Information button.

Systematic Agreements
Systematic Purchase
This feature allows you to automatically purchase fund shares from your bank account into your RS account on a preferred schedule you create. Your bank account will be debited via the Automated Clearing House (ACH) system. ACH information must be on your account to be able to use the function. If ACH information is not on your account please call RS Account Services at 1-800-272-6944 for assistance.

1. Enter the dollar amount you wish to invest. When entering the dollar amount, do not enter commas: enter the decimal point only if needed. For example, if you want to purchase $10,000 worth of shares, enter 10000. If you want to purchase $5,000.50 worth of shares enter 5000.50.




Purchase Minimums and Maximums:
	Regular Account	IRA
Purchase into an existing fund
Minimum	$100	$100
Maximum	$50,000	$4,000
Purchase into a new fund
Minimum	$2,500	$1,000
Maximum	$50,000	$4,000



2. Choose a start date and/or stop date. Use the full number for day, month and year (MM-DD-YYYY), i.e. 12-01-2002.
3. Choose the Processing Month(s) by selecting 'All' or selecting specific months for the systematic purchase.
4. Pick the Processing Day(s) you'd like the systematic purchase to take place. You may choose up to four dates in a month.
5. Verify the Bank Instructions that the systematic purchase will be taken from.
6. To complete the transaction click Continue. The Systematic Purchase Verification notice (where you review your request) will then be displayed. Click the Submit button to complete the transaction. The Systematic Purchase Confirmation notice will then be displayed. If you make a mistake and/or want to change your request, click the "Back" button on your browser.
7. To end this transaction at any time during the process, click the Cancel button.
8. To return to the Account Information section, click the Return to Account Information button.

Systematic Purchase Update
This feature allows you to make changes to or remove your systematic purchase schedule.

1. You may either select the 'Delete this Systematic Purchase' option or 'Modify this Systematic Purchase' option. If you choose the latter, you may enter the modifications on this page.
2. To complete the transaction click Continue. The Systematic Purchase Verification notice (where you review your request) will then be displayed. Click the Submit button to complete the transaction. The Systematic Purchase Confirmation notice will then be displayed. If you make a mistake and/or want to change your request, click the "Back" button on your browser.
3. To end this transaction at any time during the process, click the Cancel button.
4. To return to the Account Information section, click the Return to Account Information button.

* All transactions are processed at the next calculated net asset value (NAV). The NAV is calculated at the close of the New York Stock Exchange, normally 4:00 p.m. eastern time, on any day the New York Stock Exchange is open for business.

Systematic Redemption
This feature allows you to automatically redeem fund shares from your RS account into your bank account or address of record on a preferred schedule you create. You can select either the dollar amount or number of shares to redeem and how you want to receive the proceeds.

1. The fund name and account that you are redeeming from will be displayed at the top of the page. Please be sure this is the fund from which you would like to sell shares.
2. Select the redemption option you want to use: dollar amount or numbers of shares.
3. Enter the dollar amount or number of shares, depending on which redeem option you have selected.




Redemption Minimums and Maximums:
	Regular Account	IRA
Minimum	$100	Not Available
Maximum	$50,000	Not Available



4. Select where you would like the redemption proceeds to be sent: the address on your account or to the bank information on record.
5. Click Continue to go to the next page. Choose a start date and/or stop date. Use the full number for day, month and year (MM-DD-YYYY), i.e. 12-01-2002.
6. Choose the Processing Month(s) by selecting 'All' or selecting specific months for the systematic redemption.
7. Pick the Processing Day(s) you'd like the systematic redemption to take place. You may choose up to four dates in a month.
8. To complete the transaction click Continue. The Systematic Redemption Verification notice (where you review your request) will then be displayed. Click the Submit button to complete the transaction. The Systematic Redemption Confirmation notice will then be displayed. If you make a mistake and/or want to change your request, click the "Back" button on your browser.
9. To end this transaction at any time during the process, click the Cancel button.
10. To return to the Account Information section, click the Return to Account Information button.

Systematic Redemption Update
This feature allows you to make changes to or remove your systematic redemption schedule.

1. You may either select the 'Delete this Systematic Redemption' option or 'Modify this Systematic Redemption' option. If you choose the latter, you may enter the modifications on this page.
2. To complete the transaction click Continue. The Systematic Redemption Verification notice (where you review your request) will then be displayed. Click the Submit button to complete the transaction. The Systematic Redemption Confirmation notice will then be displayed. If you make a mistake and/or want to change your request, click the "Back" button on your browser.
3. To end this transaction at any time during the process, click the Cancel button.
4. To return to the Account Information section, click the Return to Account Information button.

* All transactions are processed at the next calculated net asset value (NAV). The NAV is calculated at the close of the New York Stock Exchange, normally 4:00 p.m. eastern time, on any day the New York Stock Exchange is open for business.

View Pending Trade(s)
This feature allows you to review details of your recent trade.

1. Select the View Pending Trade(s) button.
2. Details of your most recent trade before it processes will be displayed.
3. To return to the Account Information section, click the Return to Account Information button.

View/Order Tax Form(s)
This feature allows you to view or order your most recent tax form(s).

1. Select the View/Order Duplicate Tax Form(s) button.
2. A list of tax forms available to you will be displayed. You may choose to:

   a. View the tax form by selecting it (one maximum) and click the View Tax Form button or,

   b. Order the tax form(s) you would like sent to you by selecting it/them and click the Order Tax Form button.

3. To end this transaction at any time during the process, click the Cancel button.
4. To return to the Account Information section, click the Return to Account Information button.

E-Delivery
Electronic delivery is a free service enjoyed by RS investors who prefer the convenience and efficiency of receiving their quarterly statements and Fund documents (annual reports) electronically instead of in the mail. For more information and to sign-up for e-delivery go to this section: E-Delivery Information.

Logging On

1. Go to our Web site at: http://www.RSinvestments.com
2. Click on the My Account button located in the top navigation bar
3. Click on the Enter My Account button to enter the secure site area
4. First time logging on only: Read the agreement, click on the Acceptance button, then click on the Enter button to be taken to the Account Log On section, where you will go through the log on process
5. Enter your SSN or TIN
6. Enter your PIN
7. Click on the Log On button

Logging Off
You may log off My Account at any time by clicking on the End Session button located on the bottom of each page.

2. Establishing/Retrieving Your PIN

To use My Account, you must establish a (Personal Identification Number) PIN. You will use the PIN each time you log on to My Account.

Establishing Your PIN
To establish a PIN, you will need to provide the following information:

1. Your Social Security Number (SSN) or Tax Identification Number (TIN).
2. The fund name(s) and account number(s) of the RS Fund(s) in which you are currently invested. If you have multiple accounts, you may enter any one of your accounts associated with your SSN or TIN. Your account number is the middle 6 digits of the 10-digit number located on your account statement. Example: 999-123456-0.

Go to the Account Log On section and click on the Create PIN button.

Choose and record a PIN. Your PIN must be at least four characters and it is suggested that you use a combination of letters and numbers. The PIN is not case sensitive. Be sure to record your PIN in a safe place.

You will be able to access your account immediately after you establish a PIN.

Retrieving Your PIN
For your privacy and additional security, RS Investments does not keep a record of your PIN. Please be sure to record your PIN in a safe place. If you lose or forget your PIN you can call RS Account Services at 1-800-272-6944 to reset your My Account registration.

3. Security

My Account provides a secure method of conducting transactions within your account by using Secure Socket Layers (SSL). This means that all data transmitted from the RS Web site to your SSL capable web browser and vice-versa will be completely encrypted.

Newer versions of Netscape Navigator, Microsoft Internet Explorer, and America Online have this capability.

Browsers use "keys" to encrypt and decrypt the data transmitted to and from your PC. There are different levels of "keys" that are offered and these "keys" are represented by a certain number of bits. Currently, SSL compliant browsers support between 40 and 128-bits of encryption.

4. Browser Requirements

For maximum security, My Account now requires 128-bit encryption. Please use the links below to upgrade your browser. Please note: to use 128-bit encryption, you must be using Netscape version 4.74 or newer or Internet Explorer version 5.5 or newer. America Online® users can go to keyword: UPGRADE to upgrade your AOL browser.

Download Netscape Navigator with 128-bit Strong Encryption
Download Microsoft Internet Explorer High Encryption Pack

To check your browser:
Netscape Navigator

1. Select Help then About Netscape from the menu bar. This section has security information about your browser.
2. Scroll down until you see the following security information:
   
       "This version supports U.S. security with RSA Public-Key cryptography..."
       This means that your browser supports 128-bit encryption.

Internet Explorer

1. Select Help then About Internet Explorer from the menu bar.
2. In the pop up window the "Cipher Strength" will indicate whether you have a 40-bit or 128-bit browser.

5. Customer Support

If you are experiencing problems with My Account or have questions about your account information, please call:

RS Account Services at 1-800-766-FUND (3863), option 3
Hours of Service: Monday through Friday between 9:00 a.m. and 6:00 p.m. (ET).

6. Frequently Asked Questions (FAQs)

Q. "What if someone tries to log on to My Account to access my account information?"
After three failed log on attempts, the user will be automatically logged off of the My Account system and the account will be restricted from being accessed. In the event that this happens, please call RS Account Services at 1-800-272-6944 for instructions on how to reset your PIN.

Q. "What if I have questions on my account information shown through My Account?" ("What if I think my information is wrong?")
Call RS Account Services at 1-800-272-6944.

Q. "Can I deactivate My Account once I've registered?"
Yes. If you wish to deactivate your access to My Account, simply call RS Account Services at 1-800-272-6944 for instructions.

Q. "Can I use My Account if I have invested through Schwab, Fidelity, TD Waterhouse, or any other third party?"
No. You will only be able to access those accounts that you have directly established (opened) with RS Investments. My Account is not available to those shareholders who invest in RS Funds through third parties such as Charles Schwab, Fidelity or TD Waterhouse.

Q. "Do I have to pay for this service?"
No. It is free.

Q. "Can I bookmark My Account?"
You can bookmark the Account Log On section. Although for security reasons, you will need to log on every time you wish to enter My Account. After 20 minutes (of non-use) you will be automatically logged off of My Account. You will need to log on again in order to regain access to My Account.

Q. "I've lost access to My Account when I stepped away from my computer. What happened?"
After 20 minutes you will be automatically logged out of My Account. You will need to log on again in order to regain access to My Account.

Q. "I've tried logging in several times and was denied access. How can I log on?"
After three consecutive failed log on attempts, users will be bumped off the system, and your My Account access will be disabled. You will need to call RS Account Services at 1-800-272-6944 to reset your PIN.