The transaction will allow ABN AMRO Asset Management to intensify its efforts on the institutional market, which represents over USD 35 billion of core business in the United States.

“This is an excellent opportunity to place even greater focus on the institutional side of the business,” said Interim CEO and President Nancy Holland. “We are forming a strategic alliance with Highbury Financial Inc. that offers additional opportunities for distribution of our investment capabilities in the institutional market.”

Under the terms of the proposed transaction, if approved by the funds’ independent Board of Trustees, the funds’ shareholders and Highbury Financial’s stockholders, Highbury Financial’s investment advisor Aston Asset Management LLC will become the advisor of nineteen mutual funds. Aston intends to enter into sub-advisory agreements with the current ABN AMRO advisory firms for the continued management of these funds. The funds are currently advised by several of ABN AMRO Asset Management’s affiliates, including ABN AMRO Asset Management, Inc., Montag & Caldwell, Inc., TAMRO Capital Partners LLC, Veredus Asset Management LLC and River Road Asset Management LLC. Pending further approval by the Securities and Exchange Commission, the transaction is expected to close in the second half of 2006. ABN AMRO Asset Management expects that a substantial number of their staff affected will be offered positions of employment following the sale of the mutual fund business to Highbury Financial.

ABN AMRO Asset Management Holdings, Inc. ABN AMRO Asset Management Holdings, Inc. is the US subsidiary of ABN AMRO Asset Management Holding N.V., a business unit of ABN AMRO Holding N.V.

Highbury Financial Inc. Highbury Financial Inc. (OTCBB: HBRF, HBRFU, HBRFW) was formed in July 2005 for the purpose of acquiring one or more business in the financial services industry. Highbury’s registration statement for its initial public offering was declared effective in January 2006, and the offering generated net proceeds of approximately $43.8 million.

Investors should consider the investment objectives, risks, charges, and expenses of the ABN AMRO Funds carefully before investing. Please call 1-800-597-9704 for a prospectus, which contains this and other information about the Funds. Read it carefully before you invest or send money. Distributed by ABN AMRO Distribution Services (USA) Inc., which is not an adviser affiliate.

Past performance is not a guarantee of future results. Investment return and principal value will fluctuate and it is possible to lose money by investing.

Contacts:

Domestic Inquiries
T Hauser
Public Relations, LaSalle Bank N.A.
t.hauser@abnamro.com
Phone 312/904-4687 (Chicago)

International Inquiries
Albert Holtzappel
ABN AMRO Press Office
albert.holtzappel@nl.abnamro.com
Phone 011 31 20 6 28 81 47 (Amsterdam)