Driehaus Capital Management of Chicago, adviser to the five no-load Driehaus Mutual Funds, will impose a two percent redemption fee on each of its five funds for shares purchased after July 31 and redeemed within 60 days. The new redemption fee was disclosed in an SEC filing July 10.

Executives at Driehaus were not immediately available for comment. But stellar 1999 performance for all of the funds may have attracted "hot" money to the funds.

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