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RYDEX  INVESTMENTS  recently  contacted  you  regarding  a  Special  Meeting  of
Shareholders which has been adjourned once more to December 20, 2007. The Fund's
records  indicate  that we have not received  your vote.  We urge you to vote as
soon as  possible  in order to allow the Fund to obtain a  sufficient  number of
votes to hold the Meeting as  rescheduled.  By voting now you will help the Fund
save on the cost of additional mailings and calls to shareholders.

                                 1-877-256-6082

                          YOUR VOTE IS URGENTLY NEEDED!

                              Please vote now to be

                               sure your vote is

                            received in time for the

                                DECEMBER 20, 2007

                               SPECIAL MEETING OF

                                 SHAREHOLDERS.



RYDEX  INVESTMENTS  has made it very  easy for you to  vote.  CHOOSE  ONE OF THE
FOLLOWING METHODS:

o    SPEAK to a live Proxy Specialist by calling the number above. We can answer
     any of your  questions and record your vote.  (open:  M-F 9:30am - 9pm, Sat
     10am - 6pm ET)

o    LOG ON to the  website  noted on your  proxy  card and enter  your  control
     number printed on the card, and vote by following the on-screen prompts.

o    CALL the  phone  number on the proxy  card and  enter  the  control  number
     printed on the card and follow the touchtone prompts.

o    MAIL in your signed proxy card in the envelope provided.


                        VOTING TAKES ONLY A FEW MINUTES.
                               PLEASE VOTE TODAY.