Forum Funds of Portland, Maine has filed a preliminary prospectus with the Securities and Exchange Commission for the Shaker Fund, which would invest primarily in small and medium-sized companies and would be the newest fund in Forum's family of 19 funds. The family includes equity and municipal bond funds.

Shaker Management of Cleveland would be the fund's adviser.

The fund's objective is to achieve long-term growth of capital, according to the prospectus. The fund will invest in growth securities, such as common stocks of small and medium-sized domestic companies.

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