GrowthWorks Capital, the manager of the Working Opportunity Fund (EVCC) Ltd. says that the fund has received a receipt for its final prospectus for the offering of Series 2 shares.

The fund is no longer selling the original Series 1 shares and is now offering Balanced Shares (series 2) and Growth Shares (series 2). The investment objectives of the Series 2 shares are identical to the Series 1 shares.

GrowthWorks says that the only significant difference between the Series 1 shares and the new Series 2 shares is the compensation payable to the manager. In the past, the fund has had one of the lowest management expense ratios for funds of its kind and it expects this to continue to be the case with the Series 2 offering.

In order to affect the Series 2 offering, the fund has entered into an amended and restated management agreement with its manager and has amended its agency agreement with the principal distributors.

In a separate release, GrowthWorks WV Opportunity Fund Inc. says it has received a receipt for its final prospectus for a new offering of 12 different series of Class A shares.

Sales of the WV Opportunity Class A shares were temporarily suspended by the fund on December 5, 2003 to allow for implementation of certain changes described in the final prospectus. The fund will resume sales on January 12, 2004.

The fund is no longer selling the original WV Opportunity Class A shares and as of January 12, 2004 will begin offering the 12 new series of Class A shares through the renamed GrowthWorks WV Opportunity Fund.