Morningstar Ratings™ (Class A) as of 8/31/08 Ratings are based on risk-adjusted returns and are historical and do not represent future results. The Overall Morningstar Rating™ for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating™ metrics.
Fund Name - Morningstar Category (Inception Date)	Overall	3 Year	5 Year	10 Year
GROWTH FUNDS
Emerging Growth - Small Growth Category (11/30/87)
without sales charge	out of 703	out of 703	out of 578	out of 277
including the effect of sales charges, loads, and redemption fees	out of 703	out of 703	out of 578	out of 277
Smaller Company Growth - Small Growth Category (8/15/96)
without sales charge	out of 703	out of 703	out of 578	out of 277
including the effect of sales charges, loads, and redemption fees	out of 703	out of 703	out of 578	out of 277
Select Growth - Small Growth Category (8/1/96)
without sales charge	out of 703	out of 703	out of 578	out of 277
including the effect of sales charges, loads, and redemption fees	out of 703	out of 703	out of 578	out of 277
MidCap Opportunities - Mid-Cap Growth Category (7/12/95)
without sales charge	out of 831	out of 831	out of 687	out of 333
including the effect of sales charges, loads, and redemption fees	out of 831	out of 831	out of 687	out of 333
Growth - Large Growth Category (5/12/92)
without sales charge	out of 1,490	out of 1,490	out of 1,215	out of 584
including the effect of sales charges, loads, and redemption fees	out of 1,490	out of 1,490	out of 1,215	out of 584
Technology - Specialty-Technology Category (11/15/95)
without sales charge	out of 253	out of 253	out of 225	out of 77
including the effect of sales charges, loads, and redemption fees	out of 253	out of 253	out of 225	out of 77
VALUE FUNDS
Partners - Small Blend Category (7/12/95)
without sales charge	out of 551	out of 551	out of 438	out of 192
including the effect of sales charges, loads, and redemption fees	out of 551	out of 551	out of 438	out of 192
Value - Mid-Cap Blend Category (6/30/93)
without sales charge	out of 408	out of 408	out of 322	out of 159
including the effect of sales charges, loads, and redemption fees	out of 408	out of 408	out of 322	out of 159
Investors - Mid-Cap Blend Category (11/15/05)
without sales charge	Too new for star rating	Too new for star rating	Too new for star rating	Too new for star rating
including the effect of sales charges, loads, and redemption fees	Too new for star rating	Too new for star rating	Too new for star rating	Too new for star rating
Global Natural Resources - Specialty-Natural Resources Category (11/15/95)
without sales charge	out of 154	out of 154	out of 103	out of 69
including the effect of sales charges, loads, and redemption fees	out of 154	out of 154	out of 103	out of 69
Large Cap Value - Large Value Category (2/3/03)
without sales charge	out of 1,181	out of 1,181	out of 955	n/a
including the effect of sales charges, loads, and redemption fees	out of 1,181	out of 1,181	out of 955	n/a
CORE EQUITY FUNDS
Small Cap Core Equity - Small Growth Category (5/1/97)
without sales charge	out of 703	out of 703	out of 578	out of 277
including the effect of sales charges, loads, and redemption fees	out of 703	out of 703	out of 578	out of 277
Core Equity - Large Blend Category (6/1/72)
without sales charge	out of 1,715	out of 1,715	out of 1,343	out of 665
including the effect of sales charges, loads, and redemption fees	out of 1,715	out of 1,715	out of 1,343	out of 665
Equity Dividend - Mid-Cap Value Category (7/31/07)
without sales charge	Too new for star rating	Too new for star rating	Too new for star rating	Too new for star rating
including the effect of sales charges, loads, and redemption fees	Too new for star rating	Too new for star rating	Too new for star rating	Too new for star rating
INTERNATIONAL FUNDS
International Growth - Foreign Large Growth Category (2/16/93)
without sales charge	out of 178	out of 178	out of 153	out of 70
including the effect of sales charges, loads, and redemption fees	out of 178	out of 178	out of 153	out of 70
Emerging Markets - Diversified Emerging Markets Category (5/1/97)
without sales charge	out of 217	out of 217	out of 190	out of 110
including the effect of sales charges, loads, and redemption fees	out of 217	out of 217	out of 190	out of 110
FIXED INCOME FUNDS
Investment Quality Bond - Intermediate-Term Bond Category (2/16/93)
without sales charge	out of 991	out of 991	out of 846	out of 453
including the effect of sales charges, loads, and redemption fees	out of 991	out of 991	out of 846	out of 453
Low Duration Bond - Short-Term Bond Category (7/30/03)
without sales charge	out of 378	out of 378	out of 313	n/a
including the effect of sales charges, loads, and redemption fees	out of 378	out of 378	out of 313	n/a
High Yield Bond - High Yield Bond Category (9/1/98)
without sales charge	out of 480	out of 480	out of 410	n/a
including the effect of sales charges, loads, and redemption fees	out of 480	out of 480	out of 410	n/a
Tax-Exempt - Muni National Long Category (2/16/93)
without sales charge	out of 254	out of 254	out of 243	out of 200
including the effect of sales charges, loads, and redemption fees	out of 254	out of 254	out of 243	out of 200
S&P 500 INDEX FUND
S&P 500 Index - Large Blend Category (8/15/96)
without sales charge	out of 1,715	out of 1,715	out of 1,343	n/a
including the effect of sales charges, loads, and redemption fees	out of 1,715	out of 1,715	out of 1,343	n/a
ASSET ALLOCATION FUND
Asset Allocation - Large Blend Category (2/16/93)
without sales charge	out of 1,715	out of 1,715	out of 1,343	out of 665
including the effect of sales charges, loads, and redemption fees	out of 1,715	out of 1,715	out of 1,343	out of 665

Please Note: Without sales charge rating for Class A shares should only be considered by investors who are not subject to a front-end sales charge.

Lipper Rankings (Class A) as of 8/31/08 Lipper rankings are based on total return with dividends reinvested and do not take into account sales charges. Quartiles and rankings are based on total return and are historical and do not represent future results.
Fund Name (Inception Date)	Lipper Category	1 Year	3 Year	5 Year	10 Year
GROWTH FUNDS
Emerging Growth (11/30/87)	Small Cap Growth	#502 out of 605	#324 out of 494	#308 out of 407	#84 out of 199
Smaller Company Growth (8/15/96)	Small Cap Growth	#573 out of 605	#468 out of 494	#349 out of 407	#72 out of 199
Select Growth (8/1/96)	Small Cap Growth	#488 out of 605	#336 out of 494	#366 out of 407	#67 out of 199
MidCap Opportunities (7/12/95)	Mid Cap Growth	#590 out of 605	#428 out of 521	#300 out of 419	#101 out of 192
Growth (5/12/92)	Multi Cap Growth	#406 out of 488	#266 out of 372	#127 out of 318	#71 out of 138
Technology (11/15/95)	Science & Tech	#75 out of 102	#63 out of 97	#49 out of 85	#3 out of 27
VALUE FUNDS
Partners (7/12/95)	Small Cap Core	#148 out of 792	#427 out of 629	#56 out of 494	#14 out of 198
Value (6/30/93)	Mid Cap Value	#51 out of 344	#77 out of 275	#13 out of 208	#6 out of 72
Investors (11/15/05)	Mid Cap Core	#134 out of 333	n/a	n/a	n/a
Global Natural Resources (11/15/95)	Natural Resources	#48 out of 95	#52 out of 61	#34 out of 47	#18 out of 30
Large Cap Value (2/3/03)	Large Cap Value	#371 out of 565	#253 out of 491	#152 out of 407	n/a
CORE EQUITY FUNDS
Small Cap Core Equity (5/1/97)	Small Cap Core	#571 out of 792	#246 out of 629	#331 out of 494	#142 out of 198
Core Equity (6/1/72)	Large Cap Core	#4 out of 845	#1 out of 712	#42 out of 595	#224 out of 331
Equity Dividend (7/31/07)	Small Cap Core	#188 out of 283	n/a	n/a	n/a
INTERNATIONAL FUNDS
International Growth (2/16/93)	International	#8 out of 78	#20 out of 60	#11 out of 58	#17 out of 31
Emerging Markets (5/1/97)	Emerging Markets	#123 out of 284	#17 out of 200	#18 out of 173	#20 out of 97
FIXED INCOME FUNDS
Investment Quality Bond (2/16/93)	Intermediate Investment	#245 out of 556	#190 out of 464	#148 out of 399	#69 out of 200
Low Duration Bond (7/30/03)	Short Investment Grade	#39 out of 260	#33 out of 211	#41 out of 174	n/a
High Yield Bond (9/1/98)	High Current Yield	#311 out of 465	#272 out of 394	#230 out of 340	n/a
Tax-Exempt (2/16/93)	General Municipal	#35 out of 228	#68 out of 214	#33 out of 203	#7 out of 147
Money Market (11/3/82)	Money Market	#232 out of 337	#198 out of 311	#180 out of 294	#132 out of 194
S&P 500 INDEX FUND
S&P 500 Index (8/7/00)	S&P Index	#116 out of 183	#100 out of 169	#90 out of 152	n/a
ASSET ALLOCATION FUND
Asset Allocation (2/16/93)	Flexible Portfolio	#132 out of 143	#86 out of 100	#74 out of 87	#45 out of 51

© 2008 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers is responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results.

Please note, some of the Morningstar proprietary calculations, including the Morningstar Rating™ are not customarily calculated based on adjusted historical returns. The evaluation of this investment does not affect the retail mutual fund data published by Morningstar. For each retail mutual fund with at least three-year history, Morningstar calculates a Morningstar Rating™ based on Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a retail mutual fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. This investment's independent Morningstar Rating metric is then compared against the retail mutual fund universe breakpoints to determine its hypothetical rating.

Performance quoted represents past performance and does not guarantee future results.

© 2008 REUTERS. Lipper rankings are based on total return with dividends reinvested and do not take into account or reflect sales charges. Lipper, a wholly owned subsidiary of Reuters, is a leading global provider of mutual fund information and analysis to fund companies, financial intermediaries, and media organizations. Lipper clients manage more than 95% of U.S. fund assets. The firm, founded in 1973 and headquartered in New York, tracks 125,000 funds worldwide through its offices in major financial capitals in North America, Europe, and Asia. Read the following Restrictions: Information on this page has been sourced from Lipper, a Reuters Company ("Lipper Content"). All such information is protected by copyright: © 2008 REUTERS. All rights reserved. Any copying, republication or redistribution of Lipper Content is expressly prohibited without the prior written consent of Lipper. Lipper and its parent and affiliated companies will not be liable for any errors or delays in the content, or for any actions taken in reliance theron. LIPPER and the LIPPER Corporate Marks are proprietary trademarks of Lipper, a Reuters Company. For additional information on the other Lipper Services, please visit the Lipper Web site at http://www.lipperweb.com.

The information contained herein was obtained from sources we believe to be reliable and we have attempted to ensure accuracy. Investors relying on information contained herein are encouraged to verify this information directly with the rating agency or through independent sources.

Market volatility can affect short-term performance. Favorable ratings do not necessarily indicate positive returns. Please visit www.RSinvestments.com/funds/navs.html for the most up to date performance information on the RS Funds.