Highlighting Stronger Image and Identity, Scout Funds Take a New Name: UMB Scout Funds

Business Wire,  Oct 27, 1998  

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KANSAS CITY, Mo.--(BUSINESS WIRE)--Oct. 27, 1998--UMB Financial Corporation announced that it has changed the name of its proprietary family of mutual funds, the Scout Funds, to the UMB Scout Funds, as of October 31, 1998.

The addition of the UMB name is part of a dynamic new era in the 16-year history of the fund family, signaling its ability to lead a new generation of investors through current market fluctuations and negotiate uncertain terrain in the years to come. The funds also will introduce a powerful new Scout image to emphasize a focus on investor goals and future opportunities, both part of UMB's longstanding vision.

The funds will be listed as the UMB Scout Funds in all newspaper and online fund reports. For that reason, investors and fund watchers are reminded to look under 'U,' rather than 'S,' for the UMB Scout Funds following the name change.

"Officially bringing the two names together further ties the funds to our corporate identity, signifying the strength and vision that permeate our company philosophy and the management of our funds," said David B. Anderson, executive vice president and manager of UMB Investment Advisors. "We want to reinforce to our customers and prospective investors that the long-term and steady management style that has guided UMB for 85 years is the same style that will guide the UMB Scout Funds in the new millennium."

Anderson emphasized that the name change will have no effect on investor capital or the funds' investment strategy.

A leader in trust management, UMB was the first bank in the United States to establish its own family of no-load mutual funds. The UMB Scout Funds, now totalling nine different funds, were first introduced in 1982 and now have more than $1.5 billion in assets under management. The UMB Scout Funds do not include any sales, redemption, or 12b-1 distribution charges.

The fund family now includes: -0-

- UMB Scout WorldWide Fund               - UMB Scout Bond Fund
- UMB Scout Stock Fund                   - UMB Scout Balanced Fund
- UMB Scout Regional Fund                - UMB Scout Money Market Fund
- UMB Scout Capital Preservation Fund
- UMB Scout Kansas Tax-Exempt Bond Fund
- UMB Scout Tax-Free Money Market Fund

     The ticker symbols for the funds will not change, and are
assigned as follows:

- UMB Scout WorldWide Fund, UMBWX
- UMB Scout Stock Fund, UMBSX
- UMB Scout Regional Fund, UMBHX
- UMB Scout Bond Fund UMBBX
- UMB Scout Tax-Free Money Market Fund -- UMTXX
- UMB Scout Money Market Fund, Prime Portfolio -- UMPXX
- UMB Scout Money Market Fund, Federal Portfolio -- UMFXX

For more information on the UMB Scout Funds, visit www.umb.com. UMB Financial Corporation is a multi-bank holding company headquartered in Kansas City, Missouri, that offers complete banking and related financial services to both individual and business customers. The company, with $7 billion in assets, owns and operates 16 banks with 160 banking centers and offices throughout Missouri, Kansas, Colorado, Oklahoma, Nebraska, Illinois and Iowa. Subsidiaries of the holding company and the lead bank include a corporate trust and securities processing company in New York, a trust employee benefit office in San Francisco, a trust management company in South Dakota and single-purpose companies that deal with brokerage services, consulting services, leasing, venture capital and insurance.

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