Third Millennium Russia Fund Among Top US Mutual Funds

NEW YORK, Jan. 4 /PRNewswire-FirstCall/ -- John T. Connor, Jr., Portfolio Manager of the top performing Third Millennium Russia Fund, named No. 1 Portfolio Manager in the 2003 and 2006 U.S. Annual Barron's rankings, shares his view on the continuing domestic economy growth in Russia. "The current election cycle for a new national legislature, the State Duma, and a new President reflect the prosperity and stability which Russia currently enjoys," he noted. "We expect another year of 6-7% GDP growth and hope for continued strong performance from public companies responding to the dramatic gains in consumer disposable income."

Third Millennium Russia Fund was the 15th best performing mutual fund in America, appreciating 15.3%, for the fourth quarter, according to Lipper (The Wall Street Journal, January 3, 2008, p. R19). It ranked 19 as the five year best performer overall, increasing 40.9% a year, or 533%, for the period. "The best two performing sectors in our fund for 2007 were fertilizers and telecom," said Mr. Connor. "In fertilizer, Uralkaliy (URKA) was up 467% and Silvinit (SILVP) was up 252%. In telecom, Vimplecom (VIP) was up 163%, Mobile Telesystems (MBT) was up 100% and Comstar (CMST) was up 47%.

About Third Millennium Russia Fund

Third Millennium Russia Fund (OTCBulletinBoard: TMRFX) is an open-ended mutual fund focusing on the oil sector, utilities, telecom and a broad selection of other audited, market leading public companies. John Connor, named No. 1 US Portfolio Manager in the Annual Barron's ranking in 2003 and 2006, has been involved in Russia for more than 30 years running an insurance company in Russia, acting as deputy director of the U.S. Commerce Department's Bureau of East-West Trade, and establishing and heading the Moscow office of the US-USSR Trade and Economic Council. Third Millennium Russia Fund is available through TDAmeritrade and Charles Schwab & Company. For more information on Third Millennium Russia Fund, visit their Web site at: www.tmrussia.com, or call 1-800-527-9525.

Contacts: Ivette Almeida Global Consulting Group Tel: 201-232-0128