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Valet Money Market Funds


Galaxy Prime Reserves
Invests primarily in high-quality commercial paper rated A1, P1, certificates of deposit, bankers' acceptances and U.S. Government securities.

Galaxy Government Reserves
Invests in U.S. Government securities, its agencies and instrumentalities and repurchase agreements.

Galaxy Tax-Exempt Reserves
Invests for income that is exempt from Federal income taxes, in high-quality municipal securities*.

Alliance Treasury Reserves
Invests solely in the issues of the U.S. Treasury (bills, certificates of indebtedness, notes and bonds) and repurchase agreements.

Alliance Municipal Trust Portfolios
Provides federal and state tax-free income for residents of California, Connecticut, Florida, Massachusetts, New Jersey, New York, North Carolina, Ohio, Pennsylvania and Virginia*.

ACM International Reserves
Suitable for offshore investors, the Fund maintains a portfolio of high quality money market securities. The Fund should not be subject to the U.S. Federal Income tax and distributions are except from U.S. withholding.

*A portion of the income may be subject to state, local and the alternative minimum taxes.

Please read the prospectuses containing complete information on fees and expenses, before investing or sending money. Investments in money market funds are neither insured nor guaranteed by the U.S. Government and there is no assurance that the Funds will be able to maintain a stable net asset value of $1.00 per share.

Money Market Rates
Call 1-877-786-8662 (toll-free) for current yields on Galaxy and Alliance money market funds.

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