IMPORTANT NOTICE REGARDING YOUR
                                  BERGER FUNDS

February 18, 2003

Dear Shareholder:

Recently we distributed proxy material regarding the Special Meeting of
Shareholders scheduled to take place on March 7, 2003. Our records indicate that
we have not yet received a vote from you. We urge you to please act promptly in
order to allow us to obtain a sufficient number of votes to hold the meeting as
scheduled.

EVERY VOTE COUNTS

A SHAREHOLDER MAY THINK HIS OR HER VOTE IS NOT IMPORTANT, BUT IT IS VITAL. YOUR
VOTE WILL HELP ENABLE YOUR FUND(S) TO HOLD THIS MEETING AS SCHEDULED, SO WE URGE
YOU TO VOTE YOUR PROXY NOW. YOU AND ALL OTHER SHAREHOLDERS WILL BENEFIT FROM
YOUR COOPERATION.

After careful review, your fund's Board has approved the proposals detailed in
the proxy statement and urges you to vote "FOR" each proposal. We have retained
a professional proxy solicitation firm, Georgeson Shareholder Communications
Inc. ("GS"), to assist you with casting your vote. Should you have any questions
regarding the meeting agenda or to vote your proxy over the phone, please call
GS toll-free at 1-866-238-7096.


- --------------------------------------------------------------------------------

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

1.   BY PHONE.
Call Georgeson Shareholder toll-free at 1-866-238-7096. Representatives are
available to take your vote Monday through Friday between the hours of 9:00 a.m.
and 11:00 p.m. and Saturday from 12:00 p.m. to 6:00 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.

4.   BY MAIL.
Simply return your executed proxy in the enclosed postage paid envelope. Due to
the short time frame to the meeting, please try to utilize one of the above
options to register your vote so it may be received in time for the Meeting.

- --------------------------------------------------------------------------------


                       DON'T HESITATE. PLEASE VOTE TODAY.


                                                                             REG




                        IMPORTANT NOTICE REGARDING YOUR
                                  BERGER FUNDS

February 18, 2003

Dear Shareholder:

Recently we distributed proxy material regarding the Special Meeting of
Shareholders scheduled to take place on March 7, 2003. Our records indicate that
we have not yet received a vote from you. We urge you to please act promptly in
order to allow us to obtain a sufficient number of votes to hold the meeting as
scheduled.

EVERY VOTE COUNTS

A SHAREHOLDER MAY THINK HIS OR HER VOTE IS NOT IMPORTANT, BUT IT IS VITAL. YOUR
VOTE WILL HELP ENABLE YOUR FUND(S) TO HOLD THIS MEETING AS SCHEDULED, SO WE URGE
YOU TO VOTE YOUR PROXY NOW. YOU AND ALL OTHER SHAREHOLDERS WILL BENEFIT FROM
YOUR COOPERATION.

After careful review, your fund's Board has approved the proposals detailed in
the proxy statement and urges you to vote "FOR" each proposal. We have retained
a professional proxy solicitation firm, Georgeson Shareholder Communications
Inc. ("GS"), to assist you with casting your vote. Should you have any questions
regarding the meeting agenda or the execution of your proxy, please call GS
toll-free at 1-866-238-7096.


- --------------------------------------------------------------------------------

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

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

2.   BY INTERNET.
Visit WWW.PROXYVOTE.COM and enter the 12-digit control number located on your
proxy card.

5.   BY MAIL.
Simply return your executed proxy in the enclosed postage paid envelope. Due to
the short time frame to the meeting, please try to utilize one of the above
options to register your vote so it may be received in time for the Meeting.

- --------------------------------------------------------------------------------


                       DON'T HESITATE. PLEASE VOTE TODAY.


                                                                             OBO




                        IMPORTANT NOTICE REGARDING YOUR
                                  BERGER FUNDS


February 18, 2003

Dear Shareholder:

Recently we distributed proxy material regarding the Special Meeting of
Shareholders scheduled to take place on March 7, 2003. Our records indicate that
we have not yet received a vote from you. We urge you to please act promptly in
order to allow us to obtain a sufficient number of votes to hold the meeting as
scheduled.

EVERY VOTE COUNTS

A SHAREHOLDER MAY THINK HIS OR HER VOTE IS NOT IMPORTANT, BUT IT IS VITAL. YOUR
VOTE WILL HELP ENABLE YOUR FUND(S) TO HOLD THIS MEETING AS SCHEDULED, SO WE URGE
YOU TO VOTE YOUR PROXY NOW. YOU AND ALL OTHER SHAREHOLDERS WILL BENEFIT FROM
YOUR COOPERATION.

After careful review, your fund's Board has approved the proposals detailed in
the proxy statement and urges you to vote "FOR" each proposal. We have retained
a professional proxy solicitation firm, Georgeson Shareholder Communications
Inc. ("GS"), to assist you with casting your vote. Should you have any questions
regarding the meeting agenda or to vote your proxy over the phone, please call
GS toll-free at 1-866-238-7096.


- --------------------------------------------------------------------------------

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

3.   BY PHONE.
Call Georgeson Shareholder toll-free at 1-866-238-7096. Representatives are
available to take your vote Monday through Friday between the hours of 9:00 a.m.
and 11:00 p.m. and Saturday from 12:00 p.m. to 6:00 p.m. Eastern Time.

2.   BY INTERNET.
Visit WWW.PROXYVOTE.COM and enter the 12-digit control number located on your
proxy card.

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

7.   BY MAIL.
Simply return your executed proxy in the enclosed postage paid envelope. Due to
the short time frame to the meeting, please try to utilize one of the above
options to register your vote so it may be received in time for the Meeting.

- --------------------------------------------------------------------------------


                       DON'T HESITATE. PLEASE VOTE TODAY.


                                                                            NOBO