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Investors First Fund, Inc.
Ticker Symbol: MGC*     CUSIP: 831680103     Exchange: NYSE
Security Type:   Closed-End ETF  ---  ETF SubType:   Capital Appreciation Fund
* NOTE: This security is no longer trading as of 6/28/2004

FUND DESCRIPTION:  Investors First Fund, Inc. is a closed-end, diversified management investment company whose investment objective is to maximize capital appreciation for their shareholders. Their investment strategy is to focus on small-cap companies with above average growth prospects selling at reasonable valuations with the potential to be the blue chips of the future and to focus on individual stock selection with the goal of providing value-added performance relative to the universe of smaller U.S. companies. The Fund's investment adviser is Deutsche Asset Management, Inc.

Notes:  May 25, 2004--Investors First Fund, Inc., a closed-end management investment company, today announced that in keeping with the previously announced distribution policy, the Fund is declaring the following distribution. The stockholders of MGC and another closed-end fund, Cornerstone Strategic Value Fund, Inc. (AMEX:CLM), are currently in the process of considering the approval of a merger of the Fund with and into CLM. This merger will be considered on June 10, 2004, at their respective Annual Meetings of Shareholders. MGC stockholders of record on June 9, 2004 will be entitled to receive the dividend cited above.

IPO - 5/7/1987 -
Previous Name: SMALLCap Fund, Inc. (The)    Changed: 11/08/2003
Small Cap Stock -   Market Value $139.0 Million

Company's Online Information Links
Home Page:   We know of no Home Page for this company.

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Address and Phone Numbers
Address:   345 Park Avenue, New York, NY 10017
Main Phone Number 212-272-3550
Fax Number Not Available
Investor Contact 212-272-3550
Toll Free Phone Number 800-730-1313

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