Your Answer

What's a "euro" and how will it affect investments in Europe? Just as corporations merge in order to gain greater strength in the marketplace, some countries of Europe are aligning with each other in order to thrive in a changing world. Trading among themselves has always been complicated by the need to juggle ever-changing currency exchange rates, so one of the first orders of business for a new Europe is the creation of a single, common currency - the euro. On January 1, 1999, countries across the Continent, from Finland to Portugal, will recognize the euro as legal tender, along with their existing currency. The plan is for all national currencies, including bills and coins, to be completely phased out by June 30, 2002. This historic change will impact each country in a unique way, but overall it is expected to streamline trade between participating nations, help governments to balance budgets, reduce unemployment, reduce interest rates, increase capitalization for business growth and ease tax burdens. We believe that the move to a common currency will fuel economic growth throughout Europe. In the short term, American investors will see a reduction in exchange-rate hassles. In the longer term, Europe will probably play an even greater role in energizing international investment portfolios. If you have questions about your individual situation, contact your plan administrator or a personal adviser, such as an accountant, attorney or other tax professional.

NOT FDIC INSURED · NO BANK GUARANTEE · MAY LOSE VALUE

You should consider the investment objectives, risks, charges and expenses of the Armada Funds carefully before investing. A prospectus may be downloaded and viewed with this and other information about the Funds or may be obtained by contacting an investment professional or by calling 1-800-622-FUND (3863.) Please read it carefully before you invest or send money.

National City Investment Management Company (IMC) serves as investment adviser to Armada Funds for which it receives an investment advisory fee. Shares of Armada Funds are distributed by Professional Funds Distributor, LLC (PFD), 760 Moore Road, King of Prussia, PA 19406. PFD is not affiliated with IMC and is not a bank.