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Regional Bank Fund (FRBAX)

Fund History

3/1/99
The Fund releases its first offering of Class C shares.
11/4/98
The Fund re-opens to new investors.
3/12/97
The Fund closes to new investors.
3/3/97
The Fund changes CUSIP numbers. The old CUSIP numbers were: 356399840 for Class A shares and 356399303 for Class B shares. The last trade date for these CUSIP numbers was 2/28/97.
12/27/94
The Fund re-opens to new investors.
7/22/94
The Fund closes to new investors.
Previous sales charge schedules:

Class A Shares: 1/92 to 10/92: 4.50% front-end load
Class B Shares: 10/4/85 to 11/19/86: 6% front-end load
11/20/86 to 11/30/88 3-yr CDSC (3%, 2%, 1%)
12/1/88 to 12/31/91 5-yr CDSC (3%, 2%, 1%, 1%, 1%)
1/2/92 to 12/31/93 6-yr CDSC (4%, 3.5%, 3%, 2.5%, 2%, 1%)

What You Should Know

Investments concentrated in one industry may fluctuate more widely than investments diversified across industries. Foreign investments carry additional risks, including currency fluctuations, differences in accounting standards and political instability. The Fund may be considered a vehicle for diversification, but, on its own, does not represent a well-balanced investment program. The Fund may not be appropriate for all investors.

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