REINVEST PRICE SHORT TERM LONG TERM RECORD DATE PAYABLE DATE Stock Funds   Growth & Income (PDOGX) $9.17 None None 12/24/02 12/27/02 Market Return (PDMRX) $7.76 None None 12/24/02 12/27/02 Small Cap Leaders (PSCLX) $7.77 None None 12/24/02 12/27/02 U.S. Growth Leaders (PUGLX) $5.21 None None 12/24/02 12/27/02 Global Bond Funds   Emerging Markets Bond (PYEMX) $11.77 None None 12/24/02 12/27/02 Global Fixed Income (PYGFX) $10.23 None $0.04811 12/24/02 12/27/02 Global Short Bond (PYGSX) $10.34 None None 12/24/02 12/27/02 U.S. Bond Funds   Cash Reserves Money Market (PBHXX)* $1.00 None None 12/24/02 12/27/02 Core Bond (PYCBX) $10.57 None None 12/24/02 12/27/02 GNMA (PYGNX) $10.54 $0.00518 $0.05813 12/24/02 12/27/02 High Income (PYHRX) $7.79 None None 12/24/02 12/27/02 Limited Maturity (PYLMX) $10.03 None None 12/24/02 12/27/02 Opportunity Bond (PYOBX) $10.25 $0.05769 $0.0714 12/24/02 12/27/02 Short Bond (PYSBX) $10.28 $0.06639 $0.05087 12/24/02 12/27/02 U.S. Government (PYUSX) $11.20 $0.06965 $0.13374 12/24/02 12/27/02 Tax-Exempt Bond Funds   CA Municipal Income (PYCRX) $10.31 None $0.20779 12/24/02 12/27/02 Short Duration Tax Exempt (PYSDX) The Payden Short Duration Tax Exempt Fund closed on Monday, December 29, 2003. $10.10 $0.00450 $0.03797 12/24/02 12/27/02 Tax Exempt Bond (PYTEX) $10.26 None None 12/24/02 12/27/02 *Formerly Bunker Hill Money Market Fund View 2004 Capital Gain Payments View 2003 Capital Gain Payments

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