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Young Investors Invited to Compete in 6th Annual Nationwide Essay Contest; Contest Expands to Include 5th - 12th Graders This Year
CHICAGO--(BUSINESS WIRE)--Sept. 26, 2001--The 6th Annual Young
Investor Essay Contest, sponsored by Stein Roe Mutual Funds and
Liberty Funds, is expanding this year to include high school
aged participants as well as elementary and middle school students.
A total of $34,000 in portfolio shares will be divided among
winners in several categories.
This year's contest is divided into four age-based categories with elementary and middle school students competing in two categories, and high school students competing in two categories. Each age group will write about different financial topics. Participants will compete in
Middle-school aged students will be divided into two categories: 5th and 6th graders in one category, and 7th and 8th graders in another, and will answer the question:
"What are the most important lessons you have learned about money and investing? How do you think this knowledge will help you in the future?"
High-school aged students also will be divided into two categories: 9th and 10th graders in one category, and 11th and 12th graders in another, and will address the following topic:
"Tell us about someone who you consider a successful investor. Please include three rules you believe every investor should follow."
Entries into the contest will be accepted from Oct. 1, 2001 through Dec. 31, 2001. Essays will be judged on content, writing style and writing mechanics and should be approximately 250 words long. Students eligible to compete in the essay contest are required to be enrolled in grades five through 12 for the 2001-2002 school year. Children in these grades do not need to be shareholders of the fund to enter the contest.
A total of $34,000 worth of Young Investor Fund shares will be awarded to essay winners. Three prizes (first, second and third place) will be awarded in each category. First place winners will receive $5,000 in Young Investor Fund shares, second place will receive $2,500 in shares and, third place will receive $1,000 in shares. Fund shares will be deposited in a new or existing custodial account.(1) Judging of essays will begin on Jan. 15, 2002, by a panel of judges that will include executives of the sponsor, journalists and financial professionals. The names of the winners will be announced after Mar. 31, 2002.
To request an entry form, interested participants should call 800-403-KIDS or visit Stein Roe's web site at www.steinroe.com, Liberty Funds' web site at www.libertyfunds.com, or the Young Investor education website at www.younginvestor.com.
The Stein Roe Young Investor Fund, a no-load mutual fund introduced in April 1994, seeks to provide long-term growth of capital while helping teach young people about money and investing. Another version of the fund, Liberty Young Investor Fund, is sold through financial intermediaries who are paid a fee for their services. Combined, the two Funds have more than 200,000 children with custodial accounts and over $1.5 billion in assets. The portfolio managers look for securities of strong growth companies whose products appeal to and affect the lives of children and teenagers. The Funds provide a variety of on-going education-oriented materials that explain financial concepts in a fun, informal way.
Stein Roe Young Investor Fund and Liberty Young Investor Fund are distributed by Liberty Funds Distributor, Inc., an operating unit of Liberty Financial Companies, Inc. (NYSE: L), which is an integrated asset accumulation and management organization, and is majority owned (71 percent) by Liberty Mutual Insurance Company.
(1) Winnings will not be deposited in an IRA account
For more complete information about Stein Roe Young Investor Fund, including a prospectus, please call a Stein Roe account representative at 800-338-2550. For more complete information about Liberty Young Investor Fund, including a prospectus, please call 800-426-3750. Please read the prospectus carefully before you invest.
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