Enterprise Fund Distributors understands that your privacy is of paramount importance. We recognize that the personal and financial information that we need to service your accounts as a shareholder is highly confidential material.

We consider protecting your privacy a fundamental obligation that must be honored in every way. Therefore, we limit the use of your personal information to the extent necessary to provide you with our mutual fund products and adhere to a stringent set of privacy standards.

Safeguarding Your Information
As you know simply from having opened an account, we need to collect certain "nonpublic personal information" as a part of serving your investment needs. This includes information you provide us in your account application form, such as your address and social security number, through our Web site and from your account transactions, such as purchases, sales and account balances.

We do not disclose any of this type of information about our customers (or former customers) to anyone, except as permitted by law. Accordingly, in order to best service your investing needs, we do provide information to certain service providers who are necessary to servicing our product and instrumental in effecting your mutual fund purchase.

For example, some of the functions of our mutual fund business, such as transfer agents, printers and mailers, are conducted externally. These third-party companies may only use information for the services for which they were hired and are not permitted to use or share this information for any other purpose.

In addition, we can share this information — as described above), the information collected from account applications, through our Web site and from account transactions during the course of doing business — with certain marketing services providers or other financial institutions that have a joint marketing agreement with us. This would include such companies as broker-dealer firms, which sell our funds and must determine the suitability of an investment, and market research firms, which may aid in providing research to Enterprise Fund Distributors.

Our commitment to maintaining your privacy is forever. Your personal and financial information will be treated with the utmost confidentiality whether you are a current or former shareholder.

Confidential, Secure
As an added measure to protect your privacy, access to your personal information is restricted to those employees who need to know that information to provide our mutual fund products to you. We maintain physical, electronic and procedural safeguards that comply with federal standards to guard your nonpublic information.

Privacy Online
Your privacy is secure no matter what method you choose for your transactions. By phone or by mail—or online through online Account Access—all your business is treated confidentially. The Web site is an SSL-secured site, the highest security measure available. See our Privacy Policy and Security information for more details.

We trust these standards that we have set in place for your protection will ensure your peace of mind. If you have any further questions about the confidentiality of your account, please call our sales team at 1-800-432-4320.

If you have any questions or comments about our legal notices or privacy practices, please e-mail us.

Investors should consider a fund's investment objectives, risks, charges and expenses carefully before investing. For this and other information about The 787 Fund and AXA Enterprise Funds, download a prospectus, ask your financial advisor for a copy, or call 1-800-432-4320. Please read a prospectus carefully before you invest or send money.