JUNE 2008 What’s New > 2Q Distributions declared for Royce Closed-End Funds > Ten Years for Charlie Dreifus and Royce Special Equity Fund Commentaries > 06/01/08: Buzz Zaino and Bill Hench on Royce Opportunity Fund "We think that industrial stocks are the true growth stocks of the current decade. The demand for construction and other industrial areas remains robust in China, parts of the Arab world and in Eastern Europe." > 05/15/08: Chris Clark Discusses Select Company Royce's Director of Alternative Investments, Chris Clark describes the unique structure behind Royce Select Fund I, Royce Select Fund II, Royce Global Select Fund and Royce SMid-Cap Select Fund. The Gannon Report > Crisis, Opportunity or Both? With eminent figures such as George Soros asserting that we have come to the end of an era in the financial markets, the culmination of a 25-year "super boom," what is a smaller company investor to do?     Making Headlines > TheMoneyTimes.com Highlights Royce Low-Priced Stock Fund (RYLPX) > InvestmentNews Likes Royce Micro-Cap Fund (RYOTX) > Royce Tops InvestmentNews Ranking for 1Q'08 > OnWallStreet.com talks to Whitney George on Royce Global Select Fund (RSFTX) > TheStreet.com on Dividend Payers in Royce Opportunity Fund (RYPNX) > Kiplinger.com on the Reopening of Royce Opportunity Fund (RYPNX) > May Fund Performance > You won’t miss all that mail. Choose paperless delivery of your Royce documents, and simplify your life by reducing paper and clutter. Do your part and sign-up now. > RWord Spring 2008 Download a PDF of the Spring 2008 RWord to read Chuck Royce's interview, A Market Full of Opportunities?, What's News at The Royce Funds, Fund performance information and more. > Commitment. Discipline. Consistency. Check out our new firm brochure for a complete overview of The Royce Funds featuring our history and background, investment approach, process and investment team. > Advisor’s Corner Are you receiving our conference call invitations, Advisor Flash, Advisor Review Book and more? Log into our Financial Advisor site and choose Advisor Toolbox, Manage Preferences to make sure. Please Read the Prospectus Please read the Fund's prospectus carefully and consider a Fund’s investment goals, risks, fees and expenses before investing or sending money. You may obtain a current prospectus for any series of The Royce Funds that contains this and other information. © 2008 Royce & Associates, LLC, 1414 Avenue of the Americas, New York, NY 10019. All rights reserved. Distributor of The Royce Fund and Royce Capital Fund: Royce Fund Services, Inc. View our Policies & Procedures, including, among others, our Sarbanes-Oxley Code of Ethics, Privacy Policy and Proxy Voting Guidelines and Procedures.