Press Release

DENVER-(BUSINESS WIRE)-April 14, 2004-Ross G. Moscatelli, CFA, has been appointed Portfolio Manager of the Westcore Growth Fund, joining Victoria K. Cunningham as an existing Portfolio Manager in a newly formed portfolio management team. As part of a planned transition, Mr. Moscatelli and Ms. Cunningham will replace former Lead Portfolio Manager Milford H. Schulhof, II, who will work with the team until his retirement from Denver Investment Advisors LLC, the Fund's adviser, effective August 2, 2004. Westcore has also retained Derek Scarth as a Senior Research Analyst to work closely within the portfolio management process.

In addition to being named Westcore Growth Fund Portfolio Manager, Mr. Moscatelli will become Director of Large-Cap Growth Research within Denver Investment Advisors LLC, the Fund's adviser. Mr. Moscatelli, rejoins the firm from Invesco Funds Group, Inc., where he served as an Associate Portfolio Manager since 2001. From 1997 to 2001, he was a member of the Equity Growth research team at Denver Investment Advisors. Prior to that, Mr. Moscatelli worked as an Investment Banking Financial Analyst/Associate with Morgan Keegan & Company. Mr. Moscatelli received his Bachelor of Arts from Duke University. He has a total of nine years of growth investment experience and is a Chartered Financial Analyst.

Mr. Scarth has four years of direct investment experience as Analyst and Assistant Portfolio Manager for Berger Financial Group. He received his Masters of Science in Management from University of Denver and has a Bachelor of Arts from Regis University.

"In bringing Ross Moscatelli and Derek Scarth to work with our existing team of Victoria Cunningham and Whitney Townsend, we believe we have created a dynamic group that is well-versed in the intricacies of growth investing," said Jeffrey D. Adams, Westcore Funds President. "Together, they bring a winning combination of strengths, ranging from broad industry expertise to analytical excellence."

Compiling 17 years of investment management experience, Ms. Cunningham joined Denver Investment Advisors in 2000 as Vice President and Portfolio Manager in the firm's Wealth Management Group and assumed co-management responsibilities for the Westcore Growth Fund in October 2003. Prior to joining Denver Investment Advisors, she served as Senior Portfolio Manager with Wells Fargo and as Portfolio Manager with United Asset Management Services.

"The new team will work closely with Mil Schulhof over the next four months to ensure a seamless transition," said Mr. Adams. "In keeping with its investment objective, the Westcore Growth Fund will continue to seek long-term total return by investing in equity securities selected for their growth potential and income-producing abilities."

With over $6.4 billion in combined assets under management,* Denver Investment Advisors LLC has built a four-decade history of research excellence. The 100% no-load Westcore Funds family, consisting of seven equity funds, three bond funds and a non-proprietary money market fund, offers individual investors access to the full depth and breadth of this experience, normally available only to large corporations and foundations.

Westcore Funds are distributed by ALPS Distributors, Inc.