Lawyers Clarify Scope Of Securities Class Action Involving Regions Morgan And Others

MINNEAPOLIS, Dec. 21, 2007 LAWFUEL – Class Actions — On December 6, 2007
Lockridge Grindal Nauen P.L.L.P. announced that it had filed a class
action lawsuit against Morgan Asset Management, Inc., Morgan Keegan &
Company, Inc., Regions Financial Corporation, MK Holding, Inc., Regions
Financial Corporation, PricewaterhouseCoopers LLP, and certain
individuals, officers and directors associated with the above entities
in the United States District Court for the Western District of
Tennessee, on behalf of investors who purchased shares of the Regions
Morgan Keegan Select Intermediate Bond Fund and Regions Morgan Keegan
Select High Income Fund from December 6, 2004 through October 3, 2007
(the “Class Period”).

The lawsuit, captioned Richard A. Atkinson, M.D., et al. v. Morgan
Asset Management, Inc., et al., Case No. 2007-cv-02784, was filed by
four law firms: Apperson, Crump & Maxwell, PLC; Head, Seifert & Vander
Weide, P.A.; Lockridge Grindal Nauen P.L.L.P.; and Zimmerman Reed,
P.L.L.P.

Each fund had three classes of shares that it issued. Those classes
are:

Regions Morgan Keegan Select Intermediate Bond Fund A (MKIBX)
Regions Morgan Keegan Select Intermediate Bond Fund C (RIBCX)
Regions Morgan Keegan Select Intermediate Bond Fund I (RIBIX)
Regions Morgan Keegan Select High Income Fund A (MKHIX)
Regions Morgan Keegan Select High Income Fund C (RHICX)
Regions Morgan Keegan Select High Income Fund I (RHIIX)

If you purchased or acquired shares of any of the above classes for
either the Regions Morgan Keegan Select Intermediate Bond Fund or the
Regions Morgan Keegan Select High Income Fund during the Class Period,
you may move the Court, no later than February 4, 2008, to be appointed
Lead Plaintiff. Your share in any recovery will not be enhanced or
diminished by the decision whether or not to serve as Lead Plaintiff.

To view a copy of the complaint filed in this action, go to
www.mkmutualfundlitigation.com

For more information, please contact:

Gregg M. Fishbein, Esq. ([email protected])
Lockridge Grindal Nauen P.L.L.P.
100 Washington Avenue South, Suite 2200
Minneapolis, MN 55401
(612) 339-6900

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