IRA Contribution Limits Increased

2001 Tax Law Increases Your Incentive To Save For Retirement.

Retirement investing through IRAs and other types of tax-advantaged plans is more attractive than ever thanks to a sweeping 2001 Tax Relief Act. This means you can save for more retirement and cut your taxes. Welcomed changes in the law are the increase in annual contribution limits and the provision for "catch-up" contributions.

IRA Contribution Changes

Traditional and Roth contribution limits increased as follows:

Year	Limit

2002 - 2004	$3,000
2005 - 2007	$4,000
2008	$5,000

After 2008, the $5,000 contribution limit will be indexed to inflation in $500 increments.

Catch-Up Contributions

A new catch-up provision is available to those age 50 or older (by December 31 in the year in which the contribution is made). An individual's maximum Traditional and Roth IRA catch-up contribution for a year is not limited by the individual's compensation and other retirement-related contributions. (Traditional and Roth IRA catch-up contributions are not indexed to inflation.) The limits are as follows:

Year	Limit

2002 - 2005	$500
2006 and after	$1,000

Neither MTB Group of Funds nor any affiliates, agents or representatives are authorized to give legal, tax, estate planning or accounting advice, and this general information is not intended to be considered legal, tax, estate planning or accounting advice. We suggest that you consult your attorney, accountant or tax advisor for such advice on specific points of interest to you.

Tax information contained herein is from sources deemed reliable, but no guarantee is made as to its accuracy or completeness.

MTB Investment Advisors, Inc., a subsidiary of Manufacturers and Traders Trust Company ("M&T Bank"), is the investment advisor to the MTB Group of Funds.

The MTB Group of Funds are available from M&T Securities, Inc. (member FINRA/SIPC), a broker-dealer subsidiary of M&T Bank, and other authorized broker-dealers. ALPS Distributors, Inc., which is not affiliated with M&T Bank, is the distributor of the MTB Group of Funds.

For more complete information, please download the funds' prospectuses available on this website or call 1-800-836-2211 for copies. You should consider the funds' investment objectives, risks, charges and expenses carefully before you invest. Information about these and other important subjects are in the fund's prospectus, which you should read carefully before investing.