Artisan Partners

Artisan Funds believes that experienced, active managers investing in inefficient markets can produce superior returns over time. The company offers seven equity mutual funds, four that are open to new investors: Artisan International Fund, Artisan International Value Fund, Artisan Mid Cap Value Fund, and Artisan Small Cap Fund. They are available through major discount brokerages, or direct. Investors should consider carefully before investing in the fund's investment objective, risks, and charges and expenses. For a prospectus, which contains that information and other information about the fund, call 800/344-1770 or visit www.artisanfunds.com. Please read it carefully before you invest or send money. Artisan Distributors LLC, member NASD. A 4144 DFU 2/2/05