David Matteo and John Letheby have joined ICON Advisors as regional vice presidents in its sales division. Matteo was most recently with Putnam Investments as a wholesaler and regional sales associate working in the Northeast region. Letheby joined ICON in 2006 as a regional sales associate.

ICON Advisers, Inc., adviser to the ICON Funds, has hired David Matteo and John Letheby as Regional Vice Presidents in its Sales division.

David Matteo has recently been appointed Regional Vice President for the New England territory. Mr. Matteo will represent the ICON family of funds, ICON�s mutual fund allocation portfolios, and separate accounts. Mr. Matteo has more than six years of financial services industry experience, most recently at Putnam Investments, where he served as a wholesaler and regional sales associate working in the Northeast region. Prior to Putnam Investments, Mr. Matteo was a financial representative with Northwestern Mutual for three years. He received a bachelor�s degree in marketing and finance from Boston College and holds NASD 6, 7, 63, and 65 registrations.

John Letheby has recently been appointed Associate Regional Vice President for the Heartland territory (Minnesota and Wisconsin). Mr. Letheby joined ICON in 2006 as a Regional Sales Associate and has worked in the financial services industry for 10 years, starting his career as a financial consultant. Prior to his position at ICON, Mr. Letheby was a project manager at Merrill Corporation and worked with high-net-worth investors as a representative for American Century Investments. Mr. Letheby received a master's degree in health administration from the University of Missouri and a bachelor�s degree in management from the University of Denver. He holds NASD 6 and 63 registrations.

ICON Advisers, Inc. is a valuation-based asset manager that utilizes industry rotation to identify market themes in the U.S. and overseas markets. Headquartered near Denver, Colo., ICON has approximately $5.4 billion under management as of March 31, 2007.(a) ICON Advisers, Inc. offers the ICON Funds, mutual fund allocation portfolios, and separately managed accounts.

(a) As of March 31, 2007, ICON Advisers had $5.4 billion in total assets under management. Assets under management include mutual fund assets of approximately $3.5 billion and assets in mutual fund allocation portfolios and subadvisory relationships of approximately $1.6 billion that invest in and are already included in the ICON Funds� mutual fund assets. Total assets under management include mutual fund assets, assets in mutual fund allocation portfolios that invest in the ICON Funds, institutional accounts, and separately managed accounts.

There are risks involved with mutual fund investing, including the risk of loss of principal. An investment concentrated in sectors and industries may involve greater risk and volatility than a more diversified investment.

Consider the investment objectives, risks, charges, expenses, and share classes of each ICON Fund carefully before investing. The prospectus and the statement of additional information contain this and other information about the Funds and are available by visiting www.iconadvisers.com or calling 1-800-828-4881. Please read the prospectus and the statement of additional information carefully before investing. ICON DistributorsSM, Distributor.

Edited by: Erin Kello

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