AMSOUTHFUNDS

                               1900 FIFTH AVENUE
                           NORTH BIRMINGHAM, AL 35203

                              IMPORTANT PROXY NEWS


                        SPECIAL MEETING OF SHAREHOLDERS
                             ON SEPTEMBER 22, 2005


Dear Shareholder:

Recently,  we  distributed  proxy  material  regarding  the  Special  Meeting of
Shareholders  of the  AmSouth  Mutual  Funds.  This  meeting  is  scheduled  for
September 22, 2005 at 9:00 a.m.  Central Daylight Time at the offices of AmSouth
Bank, AmSouth Center, 1900 Fifth Avenue North, Birmingham, AL 35203. Our records
indicate that we have not yet received your voting instructions.

                        YOUR VOTE IS NEEDED IMMEDIATELY!

You are being asked to approve an  Agreement  and Plan of  Reorganization.  Your
Fund's  Board of Trustees  has approved the proposal as detailed in the combined
Proxy statement/  Prospectus and recommends that you vote "FOR" the proposal. We
urge you to act  promptly  in order to help us  obtain a  sufficient  number  of
votes,  avoid  the cost of  additional  solicitation  and the  possibility  of a
meeting  adjournment.  Your vote is important no matter how many shares you own.
In order for your vote to be  represented,  we must  receive  your  instructions
before Thursday, September 22, 2005.

For your  convenience,  please utilize one of the easy methods below to register
your vote:

1.  BY PHONE.  Please call  toll-free at  1-800-819-0052  and ask for  extension
    1922.  Representatives are available to take your vote Monday through Friday
    between the hours of 9:00 a.m. and 10:00 p.m.  and Saturday  from 10:00 a.m.
    to 4:00 p.m. Eastern Time.

2.  BY INTERNET.  Visit  www.proxyweb.com  and enter the 14-digit control number
    located on your proxy card.

3.  BY TOUCH-TONE  PHONE. Dial the toll-free number found on your proxy card and
    follow the simple instructions.

While you may return your executed proxy in the enclosed  postage paid envelope,
please  try to  utilize  one of the  options  above to ensure  that your vote is
received in time for the Meeting.

                   WE NEED YOUR HELP! PLEASE VOTE TODAY! [REG]





                                  AMSOUTHFUNDS

                               1900 FIFTH AVENUE
                           NORTH BIRMINGHAM, AL 35203

                              IMPORTANT PROXY NEWS


                        SPECIAL MEETING OF SHAREHOLDERS
                             ON SEPTEMBER 22, 2005


Dear Shareholder:

Recently,  we  distributed  proxy  material  regarding  the  Special  Meeting of
Shareholders  of the  AmSouth  Mutual  Funds.  This  meeting  is  scheduled  for
September 22, 2005 at 9:00 a.m.  Central Daylight Time at the offices of AmSouth
Bank, AmSouth Center, 1900 Fifth Avenue North, Birmingham, AL 35203. Our records
indicate that we have not yet received your voting instructions.

                        YOUR VOTE IS NEEDED IMMEDIATELY!

You are being asked to approve an  Agreement  and Plan of  Reorganization.  Your
Fund's  Board of Trustees  has approved the proposal as detailed in the combined
Proxy statement/  Prospectus and recommends that you vote "FOR" the proposal. We
urge you to act  promptly  in order to help us  obtain a  sufficient  number  of
votes,  avoid  the cost of  additional  solicitation  and the  possibility  of a
meeting  adjournment.  Your vote is important no matter how many shares you own.
In order for your vote to be  represented,  we must  receive  your  instructions
before Thursday, September 22, 2005.

For your  convenience,  please utilize one of the easy methods below to register
your vote:

1.  BY PHONE.  Please call  toll-free at  1-800-819-0052  and ask for  extension
    1922.  Representatives are available to take your vote Monday through Friday
    between the hours of 9:00 a.m. and 10:00 p.m.  and Saturday  from 10:00 a.m.
    to 4:00 p.m. Eastern Time.

2.  BY INTERNET.  Visit  www.proxyvote.com and enter the 12-digit control number
    located on your proxy card.

3.  BY TOUCH-TONE  PHONE. Dial the toll-free number found on your proxy card and
    follow the simple instructions.

While you may return your executed proxy in the enclosed  postage paid envelope,
please  try to  utilize  one of the  options  above to ensure  that your vote is
received in time for the Meeting.

                  WE NEED YOUR HELP! PLEASE VOTE TODAY! [NOBO]