*Periods of less than one year are not annualized. Net Asset Value (NAV) is the Fund's value per share.

Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost.

Total return figures include the reimbursement of dividends and capital gains. Some of the Fund's fees were waived or expenses reimbursed; otherwise, returns would have been lower. Periods of less than one year are not annualized.

As stated in the current prospectus, the annual gross operating expense ratios are: BRAGX 1.69%, BRAIX 1.19%, BRUSX 1.06%, BRSIX 0.65%, BRMCX 0.79%, BRBPX 0.93%, BRSGX 0.88%, BRSVX 0.84%, BRLGX 0.73%, and BRLVX 0.74%.

The annual gross operating expense ratio for BRLIX is 0.30%. The Fund’s adviser has agreed to contractually waive a portion of its fees and/or reimburse expenses such that total operating expenses do not exceed 0.15%. Any material change to this policy would require a vote by shareholders.

Please read the prospectus carefully before investing or sending money. For additional information, call Bridgeway Funds at 1-800-661-3550.

Funds are available for purchase by residents of the United States, Puerto Rico, U.S. Virgin Islands and Guam only. Foreside Fund Services, LLC, Distributor.

2/28/08	Bridgeway Funds December 31, 2007 Semi-Annual Report is now on the website.
1/19/08	Bridgeway Funds December 31, 2007 Fact Sheets are now on the website.
12/18/07	2007 Distributions information is now available on the website.
6/15/07	Click here for update on SEC settlement.
10/31/06	Bridgeway Celebrates the Life of Kim Walters