In the wake of the damage caused by this summer's Hurricane Katrina, at least two fund advisors, ING Funds and The Reserve Funds, have been providing relief to victims in the form of direct, albeit temporary, fee waivers.

In obvious recognition that hurricane victims might need to tap their fund investment accounts, ING of New York notified investors in mid-September that through the end of October, it would waive the contingent deferred sales charge (CDSC) for investors of several Katrina-devastated cities and parishes. This applied to residents of 64 parishes in Louisiana, 52 counties in Mississippi, 10 counties in Alabama and three counties in Florida. In mid-October, residents of four other Alabama counties were also granted immunity.

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