RS Investments: Proxy Information

Proxy Information

A description of the policies and procedures that the Funds use to determine how to vote proxies relating to portfolio securities, and information regarding how the Funds voted proxies relating to portfolio securities during the 12-month period ended June 30, 2007, are available without charge, upon request, by calling 1-800-766-FUND [3863] or by clicking on the following links:

Policies and procedures (Statement of Additional Information)
RS Investment Trust Proxy Voting Record
RS Variable Products Trust Proxy Voting Record

You should read the current RS Funds' Prospectus before investing. The RS Funds' Statement of Additional Information provides information about the Funds that may not be contained in the Prospectus.

RS Funds are sold by prospectus only. You should carefully consider the investment objectives, risks, charges and expenses of the RS Funds before making an investment decision. The prospectus contains this and other important information. Please read it carefully before investing or sending money. To obtain a printed copy, please call 800-766-3863.

If you are an existing shareholder and would like a copy of the prospectus or need to contact RS Investments call 800-766-3863. If you are interested in learning more about and how to invest with RS contact your financial professional. Why Work with an Investment Professional?

Distributed by: Guardian Investor Services LLC, 7 Hanover Square, New York, NY 10004.

RS is an independent subsidiary of Guardian Investor Services LLC. Guardian Investor Services LLC (GIS), is a registered broker-dealer, registered investment advisor, and a wholly owned subsidiary of the Guardian Life Insurance Company of America.

Not A Deposit/Not FDIC or NCUA Insured/May Lose Value/No Bank or Credit Union Guarantee

GIS is a member: FINRA, SIPC.

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