MUTUALS.com Generation Wave Growth Fund Receives 5-Star Overall Morningstar Rating as of 6/30/04, from a Weighted Average of Performance Figures among 985 Large Growth Funds

Business Wire, July 19, 2004

DALLAS -- The MUTUALS.com Generation Wave Growth Fund (Nasdaq:GWGFX) ranked in the top 7 percent of Large-Cap Growth Funds based on total fund returns for the 3-year period ending June 30, 2004. The percentile ranking was based on 985 total Large-Cap Blend Funds tracked by Morningstar. It also ranked in the top 11% among 1256 Large-Cap Growth Funds for the 1-year period ending 6/30/04. The Generation Wave Growth Fund returned a total of 22.12% for the full year 7/1/03 through 6/30/04, while the S&P 500 Index gained 19.11%. The Fund received a 5-Star Overall Morningstar Rating(TM) and 5-Star 3-Year Morningstar Rating(TM).

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be higher or lower than the performance quoted. Performance data current to the most recent month end may be obtained by calling 1-800-MUTUALS or visiting www.MUTUALS.com.

AVERAGE ANNUAL RETURNS
                                                     as of 6/30/04
                                    ---------- -----------------------
                                    Inception                  Since
                                       Date    1 Year 3 Year Inception
                                    ---------- ------ ------ ---------

                                    ---------- ------ ------ ---------
Generation Wave Aggressive Growth
 Fund (GWAGX)                       6/21/2001  22.21% -0.07%     0.59%
                                    ---------- ------ ------ ---------
Generation Wave Growth Fund (GWGFX) 6/21/2001  22.12%  0.61%     1.30%
                                    ---------- ------ ------ ---------
Generation Wave Alternative Growth
 Fund (GWLGX)                       6/21/2001  17.23%  1.35%     1.90%
                                    ---------- ------ ------ ---------

                                               ------ ------ ---------
S&P 500 Index                                  19.11% -0.69%    -1.02%
                                               ------ ------ ---------

MUTUALS.com offers three no-load "fund of funds" of varying risk levels. Each is comprised of about ten mutual funds from other fund families that the Company considers to be among the best in their category. Each of the MUTUALS.com Generation Wave Funds reached a 3-year track record in June of 2004. All three of the Funds have out-performed the S&P 500 Index since their inception date on June 21, 2001.

The Funds can be purchased direct at the website or through numerous brokerage firms including, T.D. Waterhouse, Ameritrade, Scottrade, Vanguard Brokerage, Harris Direct, and many others.

The Fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by calling 1-800-MUTUALS or visiting www.MUTUALS.com. Read it carefully before investing.

(C) 2004 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

The S&P 500 Index is an unmanaged index commonly used to measure performance of U.S. stocks. You cannot invest directly in an index. Morningstar Rankings represent a fund's total-return percentile rank relative to all funds that have the same Morningstar Category. The highest percentile rank is 1 and the lowest is 100. It is based on Morningstar total return, which includes both income and capital gains or losses and is not adjusted for sales charges or redemption fees. While the Fund is no-load, there are management and distribution fees that do apply.

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating TM (based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance, including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Generation Wave Growth was rated against the following numbers of U.S. domiciled Large Growth funds over the following time periods: 985 funds in the last three years. With respect to these Large Growth funds, Generation Wave Growth received a Morningstar Rating of 5 stars for the three-year period.