Mutual Funds

Regions Morgan Keegan Select Mid Cap Value Fund (RSEAX)

Regions Financial Corporation, headquartered in Birmingham, Alabama, is one of the top 15 financial services providers in the nation, with over $80 billion in assets. Channing Capital Management, LLC is the sole sub-advisor for the Regions Morgan Keegan Mid Cap Value Fund, one of 20 funds in the $5 billion Regions Morgan Keegan (RMK) Select Funds family as of 12/31/05.

As sub-advisor to the RMK Select Mid Cap Value Fund (RSEAX), Channing generally uses a similar investment strategy for the fund as it does for institutional client portfolios with a mid-cap value focus. Channing’s stock selection process emphasizes high quality, financially strong companies that trade at significant discounts to their intrinsic values.

The Regions Morgan Keegan Select Mid Cap Value Fund (RSEAX) seeks long-term capital appreciation. The Fund invests its assets primarily in equity securities of companies with mid-capitalizations (i.e., companies whose market capitalization falls within the range tracked by the Russell Midcap® Value Index at the time of purchase) that are judged by the Fund manager to be undervalued.

You should carefully consider the fund's investment objectives, risks, charges, and expenses before you invest. Information about these and other important subjects is in the fund's prospectus, which you should read carefully before investing. For additional information and a prospectus, please visit: http://www.Regions.com/