SECURITIES
Subprime Mutual Fund Losses
Potential Class Action Investigation

Chimicles & Tikellis is investigating potential class actions on behalf of purchasers of mutual funds that have lost significant share value as a result of the funds’ investments in fixed income securities affected by the subprime lending crisis which were not adequately disclosed. Chimicles & Tikellis believes that certain mutual funds invested in illiquid, subprime mortgage-backed securities without adequately disclosing to investors the amount of the funds’ investments or the risk to fund shareholders from investing in these illiquid securities. Among other funds, Chimicles & Tikellis is investigating losses from subprime exposure in the following funds:

• Regions Morgan Keegan Select Intermediate Bond Fund (MKIBX; RIBCX;and RIBIX)
• Regions Morgan Keegan Select High Income Fund (MKHIX; RHICX; RHIIX)
• Regions Morgan Keegan Select Short Term Bond Fund (MSBIX; RSTCX; and MSTBX)
• RMK Multi-Sector High Income Fund (RHY)
• Fidelity Ultra-Short Bond (FUSFX)

If you purchased shares of any of these funds prior to October 2007, or if you purchased shares of other funds which you believe have been adversely affected by undisclosed investment in subprime securities, please contact the attorneys listed below.

Kimberly M. Donaldson (KimDonaldson@chimicles.com), or
Timothy N. Mathews (TimothyMathews@chimicles.com)

Chimicles & Tikellis LLP
One Haverford Center
Haverford, PA 19041
1-866-399-2487

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   Monday, May 12th, 2008