Press Release

December 4, 1999—Westcore Funds/Denver Investment Advisors is pleased to announce Michael Gerding, CFA, former Founders Passport Fund manager, has joined its investment management team as of December 1, 1999.

With the addition of Mr. Gerding, who has 14 years of international investment management experience, Westcore Funds and Denver Investment Advisors will begin offering international investment products to the institutional, 401(k) and consumer markets. He will open a new international small-cap growth fund in December.

"Denver Investment Advisors was exactly the kind of company I was looking to join. It’s a firm that is big enough to give me the resources to develop a world-class international effort, but small enough to still have that entrepreneurial edge." said Mike Gerding.

Mr. Gerding created and managed the Founders Passport Fund and International Equity Fund and managed Founders Worldwide Growth Fund from 1990 until he left Founders in June of this year. He was chosen as one of the world’s top 100 money managers by Barron’s in 1997* and, under his watch, the Worldwide Growth Fund was voted as the best Global Equity Fund by Worth Magazine in 1995*.

"For several years now, we have been looking for the right person to create an international investment offering. Finding Mike was key to enabling us to develop products in that area. He’s a proven success in the international investment style, and will be a great complement to our firm." said Kenneth V. Penland, President of Westcore Funds and Chairman of Denver Investment Advisors.

Through Westcore Funds, individual investors gain access to the extensive research, investment experience, and fund management expertise more often available to large corporations and foundations. Denver Investment Advisors, the Funds’ advisor, is an institutional money manager with over 40 years’ experience and $7.5 billion in total assets*^* under management. The 100% no-load Westcore Fund family consists of six equity funds, three bond funds, and a non-proprietary money market fund.

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* Barron?s named Michael Gerding one of the top 100 money managers in the "Simply the Best" article published July 21, 1997 to reward outstanding stock pickers who look at a broad selection of stocks and measure the value added by each mutual fund manager. The rating system excluded sector funds, country funds, index funds, bond funds, team-managed funds and fund managers in place less than three years. The system accounted for risk by subtracting points for volatile years and adding points for performance stability. Each fund was compared to other funds with similar investment goals for the full term of the current manager.
* Worth Magazine sited the Founders Worldwide Growth Fund as the Best Global Equity Fund in November 1995 by selecting a diversified group of top-notch consistent performing funds. The minimum requirement included funds with at least a five-year track record and a minimum of $25 million in net assets. The global funds category included only funds with at least 40% of investments outside the United States. The selection criteria was based on five-year total return (performance); standard deviation, beta and turnover (risk); and consistency (predictability).

^**These assets include total assets of the advisor as well as mutual fund assets.

For more information about Westcore Funds, or to obtain a prospectus containing more complete information including charges and expenses, please visit us at our web site, www.westcore.com, or call us at 1-800-392-CORE. Please read the prospectus carefully before you invest or send money. Westcore Funds are distributed by ALPS Mutual Fund Services, Inc., member NASD.