AMF No-Load Mutual Fund Family Quadruples Assets Under Management During Two-Year Period

CHICAGO-January 15, 2003-Shay Assets Management, Inc. (Shay), a privately held investment adviser to the Asset Management Fund (AMF) family of no-load mutual funds, announced today that assets under management more than quadrupled during 2001 & 2002, growing from $1.0 billion to over $4.6 billion during the 24-month period.

Sources of Growth
Initially created specifically for investment by financial institutions (banks, thrifts, and credit unions), the Funds shareholder base has recently become substantially more diversified to include: insurance companies, endowments, corporations, pension plans, trust departments, and high-net worth individuals. Edward E. Sammons, the firms President, and leader of the Funds four-member portfolio management team, credits the growth in assets to a low expense structure, attention to high credit-quality instruments, and the Funds recently expanded distribution resulting from agreements with Ameritrade, Fidelity, TD Waterhouse, Wells Fargo, and others."

Required Disclosure
Please read the Funds prospectus carefully before investing or forwarding funds. The prospectus includes more complete information about each Fund, including fees and expenses. Shay Financial Services, Inc., the Funds distributor, is an NASD and SIPC member. To receive a prospectus, please visit Shays website at: www.shayassets.com or contact an investment representative at: (800) 982-1846.