NOTES TO FINANCIAL STATEMENTS
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Cash is held in a credit interest account at May Financial Corporation, a member of the Chicago Stock
Exchange, Inc., bearing interest at a variable rate. At June 30, 1999, the interest rate was 4.00%.
The Fund's policy is to comply with the requirements of the Internal Revenue Code that are applicable to
regulated investment companies and to distribute all of its net taxable income, including any net realized gains on
investments, to its shareholders. Therefore, no federal income or excise tax provision is required.
Net investment income (loss), net realized gains (losses) and the cost of investments in securities may differ for
financial statement and income tax purposes. The character of distributions from net investment income or net
realized gains may differ from their ultimate characterization for income tax purposes. At June 30, 1999, there
were no material differences. Also, due to the timing of dividend distributions, the fiscal year in which amounts are
distributed may differ from the year that the income or realized gains were recorded by the Fund.
DISTRIBUTIONS TO SHAREHOLDERS
Dividends declared and paid from net investment income or net realized gains are recorded on the ex-dividend
date. Short-term realized gains are reduced by current year net investment loss. The current year net investment
loss was fully utilized to reduce undistributed short-term realized gains.
NOTE 2 - DISTRIBUTION TO SHAREHOLDERS
Distributions of $2.23 aggregating $2,138,324 and $.02 aggregating $13,078 were declared from net realized
gains from security transactions. The dividends were payable on December 3, 1998 and June 25, 1999,
respectively, to shareholders of record on November 30, 1998 and June 21, 1999, respectively.
At June 30, 1999, the Fund had undistributed net realized gains of $3,256,119, of which $1,170,198 are short-
DOMINION INSIGHT GROWTH FUND
NOTES TO FIN