Dan Chace, portfolio manager of the Micro Cap Fund, summed up the sentiment of the portfolio managers saying: “The Russell Micro Cap Index is now down 43% from last year and more than 36% year-to-date. Amidst the market turmoil we are seeing extremely attractive valuations on micro cap stocks, and many micro cap companies continue to deliver earnings growth. It is impossible to know precisely when the markets will reach bottom, but we believe this is an excellent time for investors with a long-term horizon to put money to work and are therefore re-opening our funds.”

As always, Wasatch will carefully monitor mutual fund assets in order to protect the integrity of our investment process and objectives for each Fund. We will close these funds if the portfolio managers believe additional assets will impede their investments. All 14 Wasatch funds are now open.

About Wasatch Advisors

Wasatch Advisors is the investment manager to Wasatch Funds®, a family of no-load mutual funds, as well as separately managed institutional and individual portfolios. Wasatch Advisors pursues a disciplined approach to investing, focused on bottom-up, fundamental analysis to develop a deep understanding of the investment potential of individual companies. The Portfolio Managers employ a uniquely collaborative multiple eyes™ process to leverage the knowledge and skill of the entire Wasatch Advisors research team in making investment decisions. Wasatch Advisors is an employee-owned investment adviser founded in 1975 and headquartered in Salt Lake City, Utah. Wasatch Advisors, Inc. is registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.

Investing in small and micro cap funds will be more volatile and loss of principal could be greater than investing in large cap or more diversified funds. Investing in foreign securities entails special risks, such as currency fluctuations and political uncertainties, which are described in more detail in the prospectus.

An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, containing this and other information, visit www.wasatchfunds.com or call 800.551.1700. Please read it carefully before investing.

Eric Huefner is a registered representative of ALPS Distributors, Inc.Wasatch Funds are distributed by ALPS Distributors, Inc. WAS001227 3/31/2009