DISTRIBUTIONS

** IMPORTANT DISTRIBUTION INFORMATION FOR 2007 **

For information on the 2006 Year-End Distributions, please click here.

The New Century Capital, Opportunistic and International Portfolios pay dividends, if any, to its shareholders on an annual basis. The New Century Balanced and Alternative Strategies Portfolios pay semi-annual dividends to its shareholders of substantially all of its net investment income, if any, earned during the year from its investments. The information below is provided for tax planning purposes only and is not indicative of future portfolio yield.

The following distribution amounts were paid on December 31, 2007 to shareholders of record on December 28, 2007.  The information is being provided pursuant to Section 19(a) of the Investment Company Act of 1940, as amended, and should not be used for tax reporting purposes.  In early 2008, after definitive information is available, the Portfolios will send shareholders a Form 1099-DIV specifying how the distributions paid by the Portfolios during calendar year 2007 have been characterized for purposes of reporting the distributions on shareholders' tax returns

Please click on the fund name for information regarding the amounts of qualified and non-qualified income paid by each Portfolio on December 31, 2007.

Mutual funds are required to distribute income and gains to their shareholders in order to avoid income and excise taxes.  The shareholders in turn must include these distributions as income for tax purposes whether the distribution was received in cash or reinvested in additional shares.  Dividends are currently taxed at the more favorable long-term capital gain rates.

The distributions paid by the New Century Portfolios through December 31, 2007 are as follows: