MLSAX: Profile for ABERDEEN EQUITY LONG-SHORT FUND

Baggini is a senior investment manager on the U.S. equity team. He joined Aberdeen in 2007 following the acquisition of Nationwide Financial Services? equity investment management team, where he had served as a senior portfolio manager since 2000. Baggini previously managed institutional portfolios and two mutual funds at Allied Investment Advisors. Prior to that, he managed equity investments with First Metropolitan. Baggini holds the Charted Financial Analyst designation.

INVESTMENT INFORMATION

Min Initial Investment:	$2,000
Min Initial Investment, IRA:	$1,000
Min Initial Investment, AIP:	$1,000
Min Subsequent Investment:	$100
Min Subsequent Investment, IRA:	$100
Min Subsequent Investment, AIP:	$50

MLSAX can be purchased from brokerages.

FUND SUMMARY

The investment seeks long-term capital appreciation. The fund normally invests at least 80% of net assets in equity securities of companies that are organized under the laws of the United States, have their principal places of business in the United States, or whose stock is traded primarily in the United States. It may invest include common stock, preferred stock, securities convertible into common stock or securities with prices linked to the value of common stocks. The fund may invest in exchange-traded funds and derivatives.

FUND OPERATIONS

Last Dividend (20-Mar-08):	0.01
Last Cap Gain	YFT_NOT_APPLICABLE_ABBREVIATION
Annual Holdings Turnover	YFT_NOT_APPLICABLE_ABBREVIATION
Average for Category:	336.83%

FEES & EXPENSES

Expense	MLSAX	Category Avg
Total Expense Ratio:	%	2.14%
Max 12b1 Fee:	%	N/A
Max Front End Sales Load:	5.75%	5.51%
Max Deferred Sales Load:	%	1.94%
3 Yr Expense Projection*:	$ YFT_NOT_APPLICABLE_ABBREVIATION	$1,076
5 Yr Expense Projection*:	$ YFT_NOT_APPLICABLE_ABBREVIATION	$1,764
10 Yr Expense Projection*:	$ YFT_NOT_APPLICABLE_ABBREVIATION	$3,464

* Per $10,000 invested

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