NAIC Growth Fund Declares Stock Dividend MADISON HEIGHTS, Mich., April 22 /PRNewswire-FirstCall/ -- The board of directors of the NAIC Growth Fund, Inc. (CHX:GRF) has declared a stock dividend of 15 percent per share to shareowners of record as of May 13, 2005, payable May 23, 2005. The fund, established on July 2, 1990 by the National Association of Investors Corporation, is listed on the Chicago Stock Exchange. Following NAIC's BetterInvesting philosophy of investing, the fund's objective is long-term growth with little regard to short-term market fluctuations. Investment decisions are based on the principles and philosophy of BetterInvesting: invest regularly whether the market is high or low; reinvest earnings; buy securities of companies whose sales and earnings are growing faster than the total economy; and invest in a variety of industries and in different size companies. BetterInvesting is the brand of the National Association of Investors Corporation, a national, nonprofit corporation with members consisting of investment clubs and individual investors, based in Madison Heights, Mich. Founded in 1951, NAIC is dedicated to providing a sound program of investment education and information to help its members become successful long-term, lifetime investors. NAIC, doing business using the name BetterInvesting, is considered the pioneer of the modern investment club movement in the United States as well as the voice for the individual investor. The BetterInvesting community currently consists of 220,074 members, including 19,646 investment clubs. On average, each BetterInvesting member invests $84 per month in an investment club portfolio. The average BetterInvesting club invests in excess of $927 each month. The combined investment portfolios of BetterInvesting's members exceed $117 billion. For more information about BetterInvesting visit its website at http://www.betterinvesting.org/ or call toll free (877) 275-6242. The NAIC Growth Fund, with a net asset value of over $26 million, is a closed-end mutual fund. Its shares are available to both NAIC members and non-members. For more information, visit the NAIC Growth Fund, Inc. Web site at http://www.naicgrowthfund.com/. DATASOURCE: NAIC Growth Fund, Inc. CONTACT: Michael Gross, Anne Klein & Associates, +1-856-988-6560, ext. 16, , for NAIC Growth Fund Web site: http://www.betterinvesting.org/ http://www.naicgrowthfund.com/

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