AMIDEX News

The Wall Street Journal and Others Launch Daily Coverage of AMIDEX35 Fund

American Mutual Fund of Israeli Stocks meets NASD Media
TransNations Investments, LLC, May 16, 2000 The Wall Street Journal and Others Launch Daily Coverage of AMIDEX35 Fund

American Mutual Fund of Israeli Stocks meets NASD Media Qualifications

NEW YORK, May 15—Beginning today, The Wall Street Journal and some 600 other daily newspapers around the country will list the AMIDEX35 Mutual Fund and track its performance on a regular basis. The AMIDEX35 Mutual Fund’s ticker symbol is “AMDEX.” The Fund will be listed in The Wall Street Journal as “AMIDEX35 Mutual.” The announcement by TransNations Investments, LLC, the Wall Street-based adviser to AMIDEX35 Mutual Fund, follows notification by the National Association of Securities Dealers (NASD) that the mutual fund has met the requirements necessary for inclusion in the media listings. Clifford A. Goldstein, President of AMIDEX Funds, Inc., commented, “We’re delighted that more people will be able to follow the Fund’s progress and to witness Israel’s economic progress and effect on the global economy.” The AMIDEX35 Mutual Fund tracks the AMIDEX35 Index, the benchmark for Israeli stocks. It represents a cross-section of the Israeli economy, from banking and retail to communications and high-technology. The Fund is not diversified and is composed of only 35 companies, and invests in foreign country securities, which may involve economic, political, and currency risks. These factors may affect the value of your investment. Index performance may materially differ from the AMIDEX35 Mutual Fund’s portfolio.

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This is not an offering, which can be made only by prospectus. To obtain a copy of the prospectus, and for a complete discussion of risks, charges and expenses, write to the Fund’s distributor, Declaration Distributors, Inc., 555 North Lane, Suite 6160, Conshohocken, PA 19428, or call 1-888-876-3566. Please read the prospectus carefully before sending your money. An investor’s investment return and principal value will fluctuate, so that your shares, when redeemed, may be worth more or less than your initial investment. The AMIDEX35 Index is an unmanaged Index comprised of 35 of the highest market capitalization Israeli stocks traded either on the Tel Aviv or New York exchanges, and is not an investment product available for purchase. The Fund offers multiple classes of shares. The Fund charges a redemption fee for No Load shares. There are other expenses that apply to a continued investment in the Fund and are described in the prospectus.

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AMIDEX Funds' distributor is Matrix Capital Group, Inc., 630-A Fitzwatertown Rd., Willow Grove, PA 19090

The AMIDEX35 Fund is not diversified and is composed of only 35 companies. All investments are inherently subject to market risk. The relatively limited liquidity of some of the equities in the portfolio may affect the fund's ability to acquire desired positions quickly or unable to dispose of securities at a desirable price and time. The fund also invests in foreign country securities which may involve economic, political and currency risks. These factors may adversely affect the value of your investment. The fund charges a 2% redemption fee for shares redeemed with 365 days of purchase.

An investor's return and principal value will fluctuate so that an investor's shares, when redeemed, may be more or less than their original cost. For a complete discussion of the risks, charges and expenses please call1-888-876-3566. Please read the prospectus carefully before you invest or send money. Matrix Capital Group, Inc., Willow Grove, PA 19090 distributes the Funds.

AMIDEX Funds, Inc. is an open-end investment management company currently consisting of one portfolio, the AMIDEX35 Israel Mutual Fund.

AMIDEX35 Israel Mutual Fund is the only fund to invest in Israel's 35 largest companies traded on U.S. and Tel Aviv Exchanges.