Tax Information


2007 Davis New York Venture Fund Dividend Distribution Information (updated as of 01/17/08)
  All Share Classes A Shares B Shares C Shares Y Shares R Shares all classes
 

Record Date

 Ex- Date Payable Date Qualified Dividend Percentage Ordinary Income Ordinary Income Ordinary Income Ordinary Income Ordinary Income Short-term Capital Gain Long-term Capital Gain

Davis
New York
Venture
Fund

 11/30/07 12/3/07 12/4/07 100.00% 0.4275 0.1020 0.1160 0.5440 0.3045 - -

This information on 2007 distributions is intended for existing shareholders.

Shareholders should not use this information for tax reporting purposes. Form 1099 will be sent at a later date for all tax reporting.

The table above includes the percentage of 2007 dividend and net short-term capital gain distributions, by fund, that are eligible for reduced tax rates as "qualified dividend income" (QDI) under the Jobs and Growth Tax Relief Reconciliation Act of 2003. QDI-eligible amounts, including any net short-term capital gains, are reported to shareholders in Box 1b of Form 1099-DIV. For those shareholders who do not receive a Form 1099-DIV, QDI-eligible amounts can be determined by applying the relevant percentages from the table to the dividend and net short-term capital gain distributions shown on the shareholder's 2007 year-end account statement. Individual questions should be referred to your tax advisor.

For more information concerning any Davis Fund call for a prospectus which includes more information concerning risks, charges, and expenses. Read the prospectus(es) carefully before you invest or send money.

Davis Funds 800/279-0279