Citizens Trust tops $400 million.

PORTSMOUTH, N.H.--(BUSINESS WIRE)--Nov. 25, 1996--Citizens Trust announced today that its family of socially responsible mutual funds has reach the $400 million mark for total net assets. Citizens Trust's total net assets were $401,386,810 as of November 22, 1996, an increase of $110 million or 38% above the previous year on November 24, 1995, when Citizens Trust had total net assets of $290,632,349.

Reaching the $400 million mark caps a year of milestones for the Citizens Trust family of funds. The SRI group has continued to promote responsible corporate investing while some of its portfolios have crossed over into performance levels competitive with and at times better than the mainstream of mutual funds with no social screens at all:

Citizens Trust's unique E-fund was the top performing money market portfolio for one year total return among 289 funds tracked by Lipper Analytical Services Inc. for the period ending 10/31/96. (The E-fund's fee waiver of 0.5%, materially helped its return for that period and without it the return would have been lower. The E-fund's advisor plans to continue this waiver at least through 2/28/97.)

The Citizens Income Portfolio had the third best one year total return in its overall category (of 169 U.S. Government Bond funds) for the period ending 10/31/96 according to Lipper Analytical Services, Inc.

The Citizens Emerging Growth Portfolio had a one year total return for the period ending 10/31/96 of 23.44%. For the period ending 9/30/96, the Emerging Growth's one year total return was 31.49% and its annual total return, since inception on 2/8/94, was 25.86%. (Reflects a fee waiver of 0.24% through 6/30/96 without which total return would have been lower.)

"Performance with responsibility is our standard", says Sophia Collier, President of Citizens Trust. "We have seven funds with a variety of investment objectives but only one goal: strong financial performance for our shareholders backed by responsible investing."

Citizens Trust screens its portfolio investments for positive corporate conduct in such areas as environmental protection and anti-discrimination policies. It avoids companies that derive significant revenue from nuclear power, tobacco and alcohol products, firearms or products that cruelly use animals for testing.

In addition to the Citizens Emerging Growth Portfolio, E-fund and Income Portfolio, the Citizens Trust family of funds includes the Citizens Index Portfolio, Citizens Global Equity Portfolio, Muir California Tax-Free Portfolio and the Working Asset Money Market Portfolio.

Performance data quoted represents past performance which does not guarantee future results. Investment return and principal value in the Citizens Portfolios will fluctuate so that shares, when redeemed, may be worth more or less than the original cost. An investment in the Citizensportfolios, Working Assets Money Market Portfolio and E is neither insured nor guaranteed by the US Government. There is no assurance that the Working Assets Money Market Portfolio or the E-fund will be able to maintain a stable net asset value of $1.00 per share.

Please call us at 1-800-223-7010 for a fund prospectus with complete details of fees and expenses. Please read it carefully before you invest or send money. Distributed by Citizens Securities, Portsmouth, NH 03801.

CONTACT: Citizens Securities

Jeff Reusse, 603/436-5152

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