NEW YORK, Aug. 4 /EMWNews/ -- Fred Alger Management, Inc. (Alger), a

leading asset management firm, today announced the hiring of Elizabeth

Clapp as Senior Vice President, National Sales Manager for Fred Alger &

Company, Incorporated. In her new role, Ms. Clapp will lead the existing

team of Alger field salespeople responsible for calling on advisors and

brokers throughout the U.S.



    Ms. Clapp was most recently Managing Director, Head of National

Accounts at Evergreen Investments. Prior to Evergreen, Liz held leadership

roles at DWS Scudder and Columbia Funds Distributor, Inc. Liz has over 20

years of industry experience.



    Dan Chung, CEO and Chief Investment Officer of Alger, said, "We are

pleased to add an individual with Liz's background and experience to our

organization. Her extensive knowledge of distributing investment products

through financial advisors and brokers makes her a valuable addition to the

sales organization."

    About Fred Alger Management



    Founded in 1964, Fred Alger Management, Inc. is a leading asset

management firm managing more than $14 billion. Alger employs a bottom-up

approach in its attempt to identify the fastest-growing companies in their

respective sectors. For more than 40 years, Alger has followed a rigorous

process, a consistent approach, and a core philosophy: find dynamic,

innovative companies creating change and invest in them. Fred Alger

Management offers investment advisory services to separately managed,

sub-advised, and wrap accounts. Fred Alger & Company, Incorporated offers

mutual funds as well as institutional funds for defined benefit and defined

contribution plans. For more information, please visit

http://www.alger.com.



    Before investing, carefully consider the fund's investment objective,

risks, charges, and expenses. For a prospectus containing this and other

information about the fund, call (800) 992-3863, visit

http://www.alger.com, or contact your financial advisor. Read it carefully

before investing.