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The Olstein Funds

"Looking Behind the Numbers"

The Olstein All Cap Value Fund - Adviser Class

Olstein All Cap Value Fund is also available through fee based Financial Advisors and Planners. The Adviser Class shares trade separately from the retail (Class C) shares under the ticker symbol OFAFX. The Adviser Class shares invest in the same portfolio as the Class C shares, but are NOT available directly to individuals. They must be purchased through a fee based Financial Advisor or Planner.

Here is a partial list of some of the platforms where the Adviser Class shares are available:

	Schwab Institutional
	NFSC/Fidelity Advisor
	Merrill Lynch
	TD Waterhouse
	PNC Financial Services
	Smith Barney Asset-One Program
	Raymond James
	UBS PACE Program
	LPL/Linsco Private Ledger
	Morgan Stanley
	Bear Stearns
	Wachovia Securities/Prudential

If your platform is not listed, or you would like to set up an account directly with the Fund (documentation of the fee-based program may be required), please contact the Fund's distributor at (888) 887-9827, and choose option #2. If you would like to be added to our Adviser Class mailing list, please call the toll-free number above, or send an email to info@olsteinfunds.com

For your immediate reference, you may view the Olstein Fund's most recent shareholder report or prospectus. You will need the Adobe Acrobat® Reader to view these documents. If you need to download Adobe Acrobat® Reader, you can click on the "Get Acrobat® Reader" icon below.

View the Fund's prospectus

View the Fund's 12/31/07 Semi-Annual Report

View the Fund's 6/30/07 Annual Report

To get a current NAV for the Olstein All Cap Value Fund's Adviser Class share, click on the link below. Please note that when you click on this link, you will be taken to an external web site, and we are not responsible for the accuracy of the data contained at that external web site.

OLSTEIN ALL CAP VALUE FUND ADVISER CLASS SHARE - CURRENT PRICE

For More Information Contact:

The Olstein Financial Alert Fund
Olstein Capital Management, L.P. - Distributor
4 Manhattanville Road
Purchase, NY 10577
Telephone: (914) 269-6100
Toll-Free: (888) 887-9827 (option #2)
E-Mail: info@olsteinfunds.com

An investor should consider the Fund's investment objectives, risks, charges and expenses before investing. For this and other information you may contact your investment representative, call (800) 799-2113 or click here to download a free prospectus. Please read the prospectus carefully before investing. Past performance is no guarantee of future results.

These materials are not an offer to sell or a solicitation to buy any security, nor shall any security be offered or sold to any person, in any jurisdiction in which such offer, solicitation, purchase, or sale may not lawfully be made. Important legal information - please read the disclaimer before proceeding.

Send mail to webmaster@olsteinfunds.com with questions or comments about this web site.