Dear Shareholders:

On the evening of April 4th, we completed Citizens Funds merger with Sentinel Funds! We had an overwhelmingly positive vote in favor of the reorganization and now a new era of socially responsible investing has begun under the secure umbrella of the Sentinel Funds.

On behalf of all at Citizens I want to thank you for the opportunity to serve you over the past years. As part of Sentinel you will have new resources, energy and ideas to enhance the social investing mission in the years ahead. We think you will be very pleased…

Sincerely yours,

Sophia Collier

Account Statements

You will receive your statement for the period 3/31/08 – 4/4/08 with your Citizens Funds balance and dividends, if any. It is a good idea to keep this final Citizens statement for your records. Future statements will come directly from Sentinel.

Please consider a fund's objectives, risks, charges and expenses carefully before you invest. For this and other information, please call Sentinel Investments at (800) 282-3863 or visit www.sentinelinvestments.com for a free prospectus and read it carefully before investing. Past performance is no guarantee of future results. Mutual funds are subject to risks and fluctuate in value. Although Citizens shareholders will have load-waived status, a continued investment in the funds will involve fees and expenses.

Sentinel Investments is the unifying brand name for Sentinel Financial Services Company, Sentinel Asset Management, Inc., and Sentinel Administrative Services, Inc.

Sentinel Funds are distributed by Sentinel Financial Services Company, One National Life Drive, Montpelier, Vermont 05604.