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Amerindo Fund Officially Folds Into Munder Internet

The board of directors of the Amerindo Technology Fund, a portfolio of Amerindo Funds, Inc., approved an agreement and plan of reorganization of the fund into the Munder Internet Fund on July 18, according to a regulatory filing with the Securities and Exchange Commission.

The Amerindo tech fund will transfer its assets and liabilities to Munder Series Trust in exchange for shares of the Munder Internet Fund, at their respective net asset values.

The reorganization is subject to a number of conditions, including approval by shareholders of the Munder Series Fund. If approved by the shareholders, the reorganization is expected to close in October 2005, and holders will then become shareholders of the Munder Internet Fund, the filing said.

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