Navellier International Growth

If you are looking for an international mutual fund that has proven itself in a fluctuating market, Navellier's International Growth fund could be your solution.

This fund has been remarkably resilient through well-known market turbulence. During the August 2007 global credit crisis, Financial Week ranked the fund the top Foreign Large Growth Fund out of 240 funds. When the U.S. equity markets were under severe pressure in 2001 and 2002, it remained in the top 7% and 20%, respectively, of all foreign large cap growth funds (191 funds in this category in 2001 and 214 in 2002), according to Morningstar.

In favorable environments, our International Growth fund has capitalized on winning stocks, a weakening dollar, and strong money flows. During the 2007 shift out of value stocks into growth stocks, the fund has been performing well relative to its value-biased competition. As of 12/31/07, Navellier's International Growth fund was in the top 8% of its class for best year-to-date performance in the Morningstar database out of 240 funds.

Looking forward, we are confident that this fund is well-positioned. The value-to-growth migration is expected to continue for at least the next 12-18 months, if not several years.

Growth of 10,000 Dollars

The total returns shown do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. Performance results presented herein do not necessarily indicate future performance. Investment in equity strategies involves substantial risk and has the potential for partial or complete loss of funds invested. Results presented include reinvestment of all dividends and other earnings.

How To Buy Navellier International Growth

Navellier International Growth is a no-load mutual fund! The trading symbol is NAIMX. The fund is available at most brokerage firms, so just log into your account, enter the symbol NAIMX, and purchase like a stock. The minimum investment is $500 for IRAs or $2,000 for regular accounts. If NAIMX is not available at your brokerage firm, go to the "Buy Direct" section below.

2007 Distribution

2007 Distribution

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Portfolio Highlights, Country Allocations, Top 10 Holdings & More

International Growth

Prospectus & Reports

Always read the prospectus and carefully consider the risks before investing any money.

International Growth Prospectus

Additional Reports

Performance History as of 3/31/08
				Average Annual Returns				Annual Fund Operating Expense Ratio
Portfolio/ Benchmark	Inception Date	2007 Total Return	Calendar Quarter	One Year	Three Year	Five Year	Since Inception	Net	Gross
Navellier International Growth	9/5/00	22.77%	-8.59%	10.51%	17.28%	21.55%	3.37%	1.50%	8.88%*
M.S.C.I. E.A.F.E.		11.63%	-8.82%	-2.27%	13.79%	21.90%	5.55%

The performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. The Funds' current performance may be lower or higher than the performance data quoted. Investors may obtain performance information current to the last month-end, within 7 business days, at www.navellier.com. Navellier Funds are distributed by IFS Fund Distributors, Inc., Cincinnati, Ohio. Member FINRA/SIPC. The MSCI EAFE Index is an unmanaged index, designed by Morgan Stanley, of equities in Africa, Asia, and Europe. It is considered representative of the international stock market in general. The index is not an investment product available for sale.

*Navellier & Associates, Inc., the Investment Adviser to the Navellier Funds, voluntarily waived reimbursement of a portion of all the portfolios' administration and other operating expenses for year ended December 31, 2006. The Investment Adviser has voluntarily agreed to a future partial waiver of reimbursement for the fiscal year ended December 31, 2007 so that the Net Total Annual Portfolio Operating Expenses for 2007 do not exceed the net operating expenses listed for 2006. Investors should consider the investment objectives, risks, and charges and expenses of the Navellier Performance Funds carefully before investing; this and other information about the Funds is in the prospectus, which can be obtained by calling 800-887-8671 or at www.navellier.com. Read the prospectus carefully before you invest.

Potential investors should consult with their financial advisor before investing in any Navellier Investment Product.

For a complete list and description of Navellier & Associates, Inc.'s investment composites and/or a presentation that adheres to the GIPS standards, or contact Tim Hope at (800) 365-8471, extension 416, or write to Navellier & Associates, Inc., One East Liberty, 3d Floor, Reno, NV 89501, or email timh@navellier.com.