Shareholders are being asked to approve the union of the $1.1 billion, 16 mutual fund group managed by Countrywide Investments of Cincinnati, Ohio with the eight-fund Touchstone Fund group currently managed by Touchstone Advisors, also of Cincinnati.

Touchstone's funds currently have $1.5 million under management. Touchstone also serves as the adviser to $374 million invested in variable annuities.

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