The Matthews Asian Growth and Income Fund was closed to most new investors on November 28, 2003.

Who Can Invest in a Closed Fund?

If you were a shareholder of the Fund when it closed and your account remains open, you may make additional investments in the Fund or open additional accounts in the Fund under the same primary Social Security Number. To establish a new account in a closed Fund, you must provide written proof of your existing account (e.g., a copy of the account statement) to the Fund. A request to open a new account in a closed Fund will not be deemed to be "in good order" until you provide sufficient written proof of existing Fund ownership to the Fund or its representative. In addition, the following categories of investors may continue to invest in a closed Fund:

• Financial advisors with existing clients in the Fund
• Retirement plans and their participants that currently may invest in the Fund
• Fee-based programs with existing clients in or allocations to the Fund
• Employees of the Fund's Advisor and their family members
• Trustees, officers and employees of the Funds

Please note that some intermediaries may be unable to operationally accommodate additional investments in a closed fund. The Funds' Board of Trustees reserves the right to close a Fund at any time (including closing the Fund to one or more of the above categories of investors) or to re-open one or more closed Funds to all investors at any future date.

If you have any questions about whether you are able to purchase shares of the Matthews Asian Growth and Income Fund, please call 800-789-ASIA [2742].