Investment Strategy: The Fund pursues its objective by investing, under normal circumstances, primarily in equity securities (mostly common stocks) of smaller and mid-sized companies that are either located outside of the United States or whose primary business is carried on outside the United States. Smaller and mid-sized companies are companies with market capitalization (share price multiplied by number of shares outstanding), at the time of purchase, between $500 million and $17 billion. The equity securities in which the Fund invests include common stocks, depositary receipts (receipts typically issued by banks or trust companies representing ownership interests of securities issued by foreign companies), rights, warrants, and securities convertible into common stocks. The Fund normally invests at least 80% of its net assets in equity securities as described above.

A redemption fee of 2% will be imposed on redemptions and exchanges made within two months of purchase of shares in the UMB Scout International Discovery Fund. Please see the prospectus for more information about the fee and which accounts it applies to.

Typical Investor: The Fund may be suitable for aggressive investors hoping to achieve long-term growth with the potential for an above-average return while assuming the additional risks of foreign investments as well as short-term volatility.

Date of inception:	12/31/07
Investment advisory fees: Other expenses: Total annual fund operating expenses: Less advisor’s fees waived/expenses: Total net annual fund operating expenses†	0.95%* 1.36%   2.31%   -0.71**  1.60%
Fund Manager: James L. Moffett - lead portfolio manager, Michael D. Stack – co-portfolio manager
Ticker: UMBDX, Cusip: 904199825
* Under its Investment Advisory Agreement with UMB Scout Funds, on behalf of the UMB Scout International Discovery Fund, Scout Advisors, Inc. will receive investment advisory fees from the Fund based upon an annual rate of 0.95% on the first $1 billion of average daily net assets and 0.85% on average daily net assets over $1 billion. † As of December 31, 2007 **The Advisor has entered into an agreement to limit fees and/or make expense payments through October 31, 2009 in order to limit Net Annual Fund Operating Expenses to no more than 1.60%. If Total Annual Fund Operating Expenses would fall below the expense limit, the Advisor may cause the Fund’sexpenses to remain at the expense limit while it is reimbursed for fees that it waived or expenses that it paid during the previous three year period. Please see the UMB International Discovery Fund Prospectus for more information.

Foreign investments present additional risks due to currency fluctuations, economic and political factors, lower liquidity, government regulations, differences in securities regulations and accounting standards, possible changes in taxation, limited public information and other factors.  The risks are magnified in countries with emerging markets, since these countries may have relatively unstable governments and less established markets and economies. This Fund is also more susceptible to market volatility because smaller companies may not have the management experience, financial resources, product diversification and competitive strengths of larger companies. Additionally, smaller company stocks tend to be sold less often and in smaller amounts than larger company stocks.

You should consider the Funds' investment objectives, risks, charges and expenses carefully before investing. For a prospectus which contains this and other information about the Funds call 800-996-2862 or click on UMB Scout International Discovery Fund prospectus. Please read the prospectus carefully before investing.

The UMB Scout Funds are distributed by UMB Distribution Services, LLC, Milwaukee, Wis., an affiliate of UMB Financial Corporation, and managed by Scout Investment Advisors, Inc., a subsidiary of UMB Bank n.a.