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Income Distributions

Below are the income per share distributions for the RS Equity Dividend Fund.

Record Date: December 27, 2007
Ex-Dividend Date: December 28, 2007
Pay/Reinvest Date: December 31, 2007

2007 FOURTH QUARTER DISTRIBUTIONS (Dollars Per Share)
  Ordinary Income
(per share)
Total Distribution
(per share)
RS Equity Dividend Fund - Class A $0.0814 $0.0814
RS Equity Dividend Fund - Class C $0.0589 $0.0589
RS Equity Dividend Fund - Class K $0.0678 $0.0678
RS Equity Dividend Fund - Class Y $0.0932 $0.0932