Manager of the Year: 1999,   Jim Callinan was named 1999 Domestic Fund Manager of the Year by Morningstar.
		RS Investments Recognized for Excellence in Shareholder Communications for Fourth Time.   The Mutual Fund Education Alliance awarded RS Investments an "Honorable Mention" for our 'Special Communications' entry of our Strategy Brochures. They were noted by MFEA members as a "very effective, consistent and comprehensive communication." The annual STAR (Shareholder Trust and Responsibility) Awards program recognizes mutual fund firms for outstanding shareholder communications, education, and support. Each year the MFEA examines the best educational materials, both in print and electronic, in the mutual fund industry and then asks industry judges to select from the best. In 2007, 29 different companies were recognized for excellence in 32 categories ranging from best annual report to best online innovation. Past awards for RS Investments have gone to entries in the 'online innovation' and 'shareholder newsletter online version' categories.
		Three time winner — www.RSinvestments.com named Top 10 Web Site kasina, a strategic consulting firm for the financial services industry, ranked the RS Web site as one of the "Top 10 Web Sites for Small Fund Firms" for 2001, 2002, and 2003. The review evaluated branding, content, online services, usability, and Web technology. Investors can find the following features on our Web site: Quarterly written commentaries Daily, monthly, quarterly, and historical performance Online investing and account access E-delivery of statements and Fund documents E-mail updates for Daily NAVs and Fund Information
		Four time winner - RS Receives 2007 Dalbar Service Award For four years running, RS Investments has received DALBAR'S Service Award which symbolizes the achievement of the highest tier of service to shareholders within the mutual fund industry. RS Investments was one of only 11 mutual fund firms that received this distinction. "The level of performance achieved by these companies sets extremely high standards for competitors and in doing so improves the service levels to customers across the industry as a whole," said Csilla von Csiky, Managing Director at DALBAR. The award is based on systematic testing of customer service throughout the year. DALBAR conducts thousands of tests to measure how financial companies respond to the needs for service from their customers. Companies that exceed a variety of industry benchmarks after one year of testing earn the DALBAR Service Award. DALBAR is a leading financial services market research and consulting firm committed to raising the standards of excellence in the financial service industry.