The Wall Street Fund - About The Wall Street Fund

	About The Wall Street Fund
	The Managers
	Fund Performance
	Portfolio Holdings
	Prospectus and Application
	IRA Information
	Buying The Fund
	More Information

A Diversified Growth-Oriented Fund

The Wall Street Fund, symbol "WALLX" on NASDAQ, was launched on December 23, 1945. The Fund's current principal portfolio manager is Robert P. Morse who has more than 30 years of investment experience and who has managed The Wall Street Fund for over 19 years. James L. Farrell, Jr., Ph.D., and Jian H. Wang also assist in managing the Fund. Mr. Morse, and the other officers and directors of The Wall Street Fund, are significant shareholders in the Fund. The Fund's Advisor and Distributor is Wall Street Management Corporation, a wholly owned subsidiary of Morse, Williams & Company, Inc.

Investment Objectives and Strategies
Capital Appreciation

The Wall Street Fund's primary investment objective is capital appreciation, through investments in a diversified portfolio of common stocks, which offer prospects of sustained growth in value. Current income from interest or dividends is a secondary objective. Large, medium and small capitalization growth stocks are selected, based on an analysis of a company's growth prospects, financial ratios, past and expected future performance and the quality of corporate management. Our proprietary Alpha tools focus the investment process on good companies that are experiencing positive fundamental and sustainable changes that will benefit investors.

Performance

Data as of March 31, 2008
Average Annual Total Returns (%)

	Year to Date	1 Yr.	5 Yr.	10 Yr.

The Fund	-11.64%	0.23%	13.63%	5.57%

Russell 1000 Growth Index*	-10.18%	-0.75%	9.96%	1.26%

Russell 3000 Growth Index*	-10.39%	-1.45%	10.26%	1.29%

Fund Expense Ratio 1.71%
For the most recent monthly returns, please telephone the Fund at 1-800-443-4693

* See Fund Performance for explanation of returns. Past performance may not be indicative of future performance and current performance could be better or worse than past performance. See the Prospectus for the Fund's investment
objectives, risks, fees and expenses.

Minimum Initial Investment

The minimum initial investment is $1,000 for regular accounts (including IRA accounts), Automatic Investment Plans, and Coverdell Education and Savings Accounts. While the Fund pays investment advisory and shareholder servicing fees, there are no sales, redemption or 12b-1 distribution charges.