John Carter Transamerica Asset Management President and CEO

Company Press Release
ST. PETERSBURG, Fla. - (Business Wire) Transamerica Asset Management Group today announced the introduction of a new institutional share class to the Transamerica Funds lineup. The new Class I shares are designed primarily to serve the needs of certain institutional investors including fee-based programs, pension plans, endowment plans and foundations. Other investors meeting certain eligibility requirements may also purchase Transamerica’s Class I shares.

Effective November 30, 2009, a diverse array of Transamerica Funds will offer Class I shares including the Conservative, Moderate, Moderate Growth, and Growth Portfolios of the Transamerica Asset Allocation Funds, as well as the Alternative Strategies Portfolio and International Portfolio of the Transamerica Multi-Manager Funds. Several stock funds will offer the Class I shares including Transamerica’s Diversified Equity, Equity, Focus, Growth Opportunities, and Small/Mid Cap Value Funds. On the fixed-income side, Transamerica’s High Yield Bond, Flexible Income, and Short-Term Bond Funds will offer Class I. Transamerica’s Balanced and Money Market Funds also will offer Class I shares.

In announcing the introduction of the new share class, Transamerica Asset Management Inc.’s President and CEO, John K. Carter stated that “We are pleased to offer these funds in a new share class that will be targeted more specifically to fee-based programs. This new share class will meet the growing demands of our distribution partners and the institutional marketplace.”

Transamerica’s Class I shares carry a lower expense structure than the retail shares currently offered by the complex. A minimum investment of $1 million is required for Class I shares, but this requirement may be waived for certain financial intermediaries, including fee-based programs, pension plans, and financial intermediaries that submit trades on behalf of underlying investors.

Class I shares will be available directly from Transamerica as well as through third party retirement platforms, major mutual fund supermarkets, wirehouses, bank channels, and independent registered investment advisors.

About Transamerica Asset Management Group

Transamerica Asset Management Group consists of Transamerica Funds, Transamerica Partners Funds, Transamerica Series Trust, Transamerica Income Shares and Transamerica Asset Management, Inc. Transamerica Asset Management, Inc. is an AEGON company. As of September 30, 2009 Transamerica Asset Management, Inc. had approximately $42 billion in assets under management. Transamerica Funds are distributed by Transamerica Capital, Inc.

About AEGON N.V.

AEGON N.V. is an international life insurance, pension and investment group based in The Hague, The Netherlands, with businesses in over twenty markets across the Americas, Europe and Asia. AEGON companies employ approximately 29,500 people and have over 40 million customers across the globe.

Shares of the Funds may only be sold by offering the Funds’ Prospectus. You should consider the investment objectives, risks, charges, and expenses of the Funds carefully before investing. The Prospectus contains this and additional important information regarding the Funds. To obtain the Prospectus, please contact your financial professional or Transamerica at 888-233-4339 or go to Transamericafunds.com. Mutual funds are subject to market risk, including the loss of principal.