Vanguard Issues Updated Capital Gain Distribution Estimates By IndexFunds.com Staff December 7, 2001

The Vanguard Group released updated realized capital gain figures today for its funds to assist investors with year-end tax and investment planning. The firm expects that 70% of its funds (57 funds in all) will not make capital gain distributions for 2001. 25 additional funds will distribute reduced capitial gain distributions due to the current recession. To view the complete updated realized gain figures, visit the Vanguard Web site at http://www.vanguard.com.