Pear Tree Funds is pleased to offer the convenience of viewing shareholder communications, including fund prospectuses, supplementary annual reports, semiannual reports, and proxy statements online.

You will be notified by e-mail when these communications become available on the Internet. Printed copies of these communications may still be requested through Pear Tree Funds. Documents that are not available on the Internet will continue to be sent to you by mail.

Comments or questions? info@peartreefunds.com

Description of Service:
By enrolling in this electronic delivery service, you consent to receive announcements by e-mail about shareholder communications materials. Semi-annual and annual reports; proxy statements; prospectuses and supplements are examples of shareholder communications that may be made available electronically. The announcements will include the Internet address (URL) where the materials can be found. Materials referenced within the e-mail announcement may be viewed electronically via the Internet and printed with a local printer. If the materials are not made available electronically, you will receive the standard printed materials and no announcement will be made by e-mail.

Your enrollment will be effective for all holdings in the specified account on an ongoing basis unless you change or cancel your enrollment.

Failure of E-Mail Address
If, during a distribution, your e-mail address proves to be invalid, your enrollment in this electronic delivery service will be cancelled and you will receive a hard-copy notification of the announcement. This notification will provide the URL to the electronic material, and will contain instructions to visit www.icsdelivery.com to re-enroll.

Option to Receive Hard Copy
If, after enrollment in this electronic delivery service, you would like to receive a printed set of shareholder material, in addition to your e-mail notification, you may request hard copy delivery from the Pear Tree Funds by calling 800-326-2151.

To Update Your Information or Cancel Enrollment
By visiting www.icsdelivery.com and entering your unique enrollment number, you may update your contact information, such as e-mail address or personal identification number (PIN), or you may cancel your participation in electronic delivery by selecting the cancellation option.

Hardware and Software Required to Use Service
Enrollment in this electronic delivery service requires that you have a personal computer with appropriate browser software, such as Microsoft Internet Explorer®, Netscape Communicator®, or equivalent, and e-mail software as well as communications access to the Internet. This access may incur charges from Internet Service Providers and local telephone companies. The Pear Tree Funds will not be responsible for the costs associated with electronic access; these costs are the responsibility of the shareholder. Should you wish to print materials that have been delivered electronically, you must have a printer as well. The Pear Tree Funds electronically publish their materials in Portable Document Format (PDF). In order to view PDF-formatted documents, you must have Adobe Acrobat Reader software. This reader is available for download, free-of-charge, from www.adobe.com.