The Law Firm Of Schiffrin & Barroway, LLP Announces that One Group Mutual Fund Investors Have Five Days Remaining to File Lead Plaintiff Motion


BALA CYNWYD, Pa., Oct. 30, 2003 (PRIMEZONE) -- One Group Mutual Fund investors have five (5) days to move for lead plaintiff in a securities fraud class action recently brought against Bank One Corporation (NYSE: ONE), certain of its wholly-owned subsidiaries, and the One Group Family of Funds (collectively, the "One Group Funds"). If you purchased any of the One Group Funds listed below between October 1, 1998 and July 3, 2003, inclusive (the "Class Period") and you wish to be a lead plaintiff in the case, you must move to serve as lead plaintiff by filing a motion in the United States District Court for the Northern District of Illinois by November 4, 2003.

The following One Group Funds are subject to this class action lawsuit:



 One Group International Equity Index Fund (NASDAQ: OEIAX, OGEBX,
  OIICX, OIEAX)
 One Group Diversified International Fund (NASDAQ: PGIEX, ONIBX,
  OGDCX, WOIEX)
 One Group Small Cap Growth Fund (NASDAQ: PGSGX, OGFBX, OSGCX, OGGFX)
 One Group Mid Cap Growth Fund (NASDAQ: OSGIX, OGOBX, OMGCX, HLGEX)
 One Group Mid Cap Value Fund (NASDAQ: OGDIX, OGDBX, OMVCX, HLDEX)
 One Group Diversified Mid Cap Fund (NASDAQ: PECAX, ODMBX, ODMCX,
  WOOPX)
 One Group Balanced (NASDAQ: OGASX)
 One Group Diversified Equity (NASDAQ: PAVGX, OVBGX, ODECX, OGVFX)
 One Group Equity Income (NASDAQ: OIEIX, OGIBX, OINCX, HLIEX)
 One Group Equity Index (NASDAQ: OGEAX, OGEIX, OEICX, HLEIX)
 One Group Health Sciences (NASDAQ: OHSAX, OHSBX, OHSCX, OHSIX)
 One Group Investor Balanced (NASDAQ: OGIAX, OGBBX, OGBCX, OIBFX)
 One Group Investor Conservative Growth (NASDAQ: OICAX, OICGX, OCGCX,
  ONCFX)
 One Group Investor Growth & Income (NASDAQ: ONGIX, ONEBX, ONECX,
  ONGFX)
 One Group Investor Growth (NASDAQ: ONGAX, OGIGX, OGGCX, ONIFX)
 One Group Large Cap Growth (NASDAQ: OLGAX, OGLGX, OLGCX)
 One Group Large Cap Value (NASDAQ: OLVAX, OLVBX, OLVCX, HLQVX)
 One Group Market Expansion Index (NASDAQ: OMEAX, OMEBX, OMECX, PGMIX)
 One Group Small Cap Value (NASDAQ: PSOAX, PSOBX, OSVCX, PSOPX)
 One Group Technology (NASDAQ: OGTAX, OGTBX, OGTCX, OGTIX)
 One Group Arizona Municipal Bond (NASDAQ: OAMAX, OAMBX, OGAFX)
 One Group Kentucky Municipal Bond (NASDAQ: OKYAX, ONKBX, TRKMX)
 One Group Louisiana Municipal Bond (NASDAQ: PGLAX, ONLBX, OGLFX)
 One Group Michigan Municipal Bond (NASDAQ: PEIAX, OMIBX, WOMBX)
 One Group Ohio Municipal Bond (NASDAQ: ONOHX, OOHBX, HLOMX)
 One Group West Virginia Municipal Bond (NASDAQ: OGWAX, OGWBX, OGWFX)

 One Group Short-Term Municipal Bond (NASDAQ: OSTAX, OSTBX, PGUIX)
 One Group Municipal Income (NASDAQ: OTBAX, OTBBX, OMICX, HLTAX)
 One Group Intermediate Tax-Free (NASDAQ: ONTAX, ONFBX, HLTIX)
 One Group Tax-Free Bond (NASDAQ: PMBAX, PUBBX, PRBIX)
 One Group Bond (NASDAQ: PGBOX, OBOBX, OBOCX , WOBDX)
 One Group Government Bond (NASDAQ: OGGAX, OGGBX, OGVCX, HLGAX)
 One Group High Yield Bond (NASDAQ: OHYAX, OGHBX, OGHCX, OHYFX)
 One Group Income Bond (NASDAQ: ONIAX, OINBX, OBDCX, HLIPX)
 One Group Intermediate Bond (NASDAQ: OGBAX, OBDBX, OIMCX, SEIFX)
 One Group Mortgage-Backed Securities (NASDAQ: OMBAX, OMBIX)
 One Group Short-Term Bond (NASDAQ: OGLVX, OSTCX, HLLVX)
 One Group Treasury & Agency Bond (NASDAQ: OTABX, ONTBX, OGTFX)
 One Group Ultra Short-Term Bond (NASDAQ: ONUAX, ONUBX ,OGUCX, HLGFX)

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Schiffrin & Barroway, LLP (Marc A. Topaz, Esq. or Stuart L. Berman, Esq.) toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at info@sbclasslaw.com.

The complaint charges the defendants with violations of the Securities Act of 1933 (the "Securities Act"), the Securities Exchange Act of 1934 (the "Exchange Act"), the Investment Company Act of 1940 (the "Investment Company Act"), and for common law breach of fiduciary duties. The Complaint alleges that the One Group Funds and the other defendants engaged in a fraudulent scheme to defraud and cause financial injury to the shareholders of the One Group Funds.

Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Schiffrin & Barroway, which prosecutes class actions in both state and federal courts throughout the country. Schiffrin & Barroway is a driving force behind corporate governance reform, and has recovered in excess of a billion dollars on behalf of institutional and high net worth individual investors. For more information about Schiffrin & Barroway, or to sign up to participate in this action online, please visit http://www.sbclasslaw.com/cgi/signup.cgi.

If you are a member of the class described above, you may, not later than November 4, 2003, move the Court to serve as lead plaintiff of the class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. You may retain Schiffrin & Barroway, or other counsel of your choice, to serve as your counsel in this action.



            

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