The Metzler/Payden European Emerging Markets Fund (MPYMX) Appears on Schwab’s Mutual Fund OneSource Select List® for Fourth Quarter 2006

LOS ANGELES, CA — January 9, 2007. The Metzler/Payden European Emerging Markets Fund has been named to Schwab’s Mutual Fund OneSource Select List® for the fourth quarter of 2006. The Select List is a list of funds that have passed a rigorous screening for performance, risk and expenses by the Schwab Center for Investment Research®. Schwab produces the list quarterly to help investors wade through the vast number of funds available on Schwab’s Mutual Fund OneSource platform and identify funds that might be appropriate for their portfolios. The Select List is provided for informational purposes and should not be considered an individualized recommendation.

The lead portfolio manager of the Metzler/Payden European Emerging Markets Fund is Markus Brück, who has been managing the Fund since its inception in December 2002. The Fund’s portfolio is positioned to take advantage of “convergence” trends in Eastern Europe’s largest economies and markets. Metzler/Payden’s portfolio management team employs a proprietary combination of quantitative and qualitative tools, which indicate when markets may be overbought or oversold, and uses its discretion to adjust portfolio allocations accordingly. The markets are monitored on a daily basis by the Frankfurt-based team of portfolio managers, analysts, and traders.

For more information, please contact Vladimir Milev, Financial Analyst at Metzler/Payden Funds at (213) 830-4256, or vmilev@metzlerpayden.com. For more information on the Schwab Mutual Fund OneSource Select List, visit Schwab’s Web Site at www.schwab.com/funds.

About Metzler/Payden, LLC
Metzler/Payden, LLC (metzlerpayden.com), a 50/50 joint venture between independent partners Metzler Bank and Payden & Rygel, has more than $2 billion in assets under management. Headquartered in Frankfurt, Metzler Bank (metzler.com) has been advising clients on their overall investment strategies for more than 325 years. The firm, the oldest German private bank owned exclusively by the founding family, specializes in a wide range of global balanced and European products. Founded in 1983, Payden & Rygel (payden.com), with $54 billion in assets under management, is one of the largest independent investment managers in the U.S. The firm, headquartered in Los Angeles with offices in London, Dublin and Frankfurt, is the advisor to Paydenfunds (paydenfunds.com), a family of no-load, low-expense stock and bond mutual funds.