Amerindo Fund Officially Folded into Munder

The board of directors of the Amerindo Technology Fund, a portfolio of Amerindo Funds Inc., approved an agreement and plan of reorganization of the fund into the Munder Internet Fund on July 18, according to a regulatory filing with the Securities and Exchange Commission

The Amerindo tech fund will transfer its assets and liabilities to the Munder Series Trust in exchange for shares of the Munder Internet Fund at their respective net asset values.

Consummation of the reorganization is subject to a number of conditions, including approval by shareholders of the Munder Series Fund. If approved by the shareholders, the reorganization is expected to close in October 2005, and holders will then become shareholders of the Munder Internet Fund, the filing said.