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SCOUT INVESTMENT ADVISORS
UMB Scout Funds Performance
	Periods Ending  July 31, 2008					Periods Ending  June 30, 2008						Gross	Net
						Average Annual Total Returns				Since	Inception	Expense	Expense
	Nav	Month	Qtr	YTD		1 Year	3 Years	5 Years	10 Years	Inception	Date	as of	as of
EQUITIES												10/31/06	10/31/06
UMB SCOUT STOCK FUND	13.06	0.62	-1.74	-7.42		-3.14	7.52	8.23	3.39	8.97	11/18/82	0.93%	0.90%
*Lipper Large-Cap Core Fund Index	2656.05	-1.42	-7.40	-12.06		-11.38	4.82	6.94	2.32
*S&P 500 Index (8)	2014.39	-0.84	-8.02	-12.65		-13.12	4.41	7.58	2.88
UMB SCOUT MID CAP FUND	10.19	-9.66	-3.87	-11.47		1.39	N.A.	N.A.	N.A.	12.66	10/31/06	1.72%	1.40%
*Lipper Midcap Core Fund Index	868.91	-1.69	-4.98	-8.54		-10.95
*Russell Mid-Cap Index	5137.26	-2.54	-6.27	-9.92		-11.19
UMB SCOUT SMALL CAP FUND (1)	15.78	-2.05	-1.07	-10.54		-7.90	7.06	12.96	9.17	8.36	12/18/86	1.06%	1.06%
*Lipper Small-Cap Core Fund Index	513.40	0.27	-2.09	-6.79		-13.50	5.09	11.07	6.95
*Russell 2000 Index (8)	3079.58	3.70	0.11	-6.02		-16.19	3.79	10.29	5.53
UMB SCOUT INTERNATIONAL FUND (2)(6)(7)	33.27	-4.15	-8.79	-10.13		-1.71	15.92	17.97	8.63	11.09	09/14/93	1.03%	1.03%
*Lipper International Fund Index	1284.05	-3.48	-10.44	-14.24		-8.94	14.16	16.91	6.60
*MSCI EAFE-net U.S. Dollars	4336.96	-3.21	-10.26	-13.82		-10.61	12.84	16.67	5.83
UMB SCOUT INTERNATIONAL DISCOVERY FUND (2)	9.33	-4.11	-7.32	-6.11		N.A.	N.A.	N.A.	N.A.	N.A.	12/31/07
*Lipper International Sm/Med Core Fund Index	229.84	-5.10	-10.29	-13.14
*MSCI EAFE SMID-U.S. Dollars Index	788.38	-4.91	-11.76	-14.72
BONDS
UMB SCOUT BOND FUND	10.98	0.38	0.28	1.62		6.02	3.36	2.62	4.68	6.79	11/18/82	0.90%	0.87%
*Lipper Short-Intermediate Investment Grade IX	261.39	-0.36	-1.01	-0.37		4.05	3.14	2.71	4.57
*Lehman Bros 1-5 Year Govt./Credit Index	1155.86	0.29	-0.08	2.08		7.12	4.55	3.37	5.20
*Lehman Bros Govt./Credit Int.	1520.79	0.19	-0.60	1.62		7.37	4.27	3.49	5.55
MONEY MARKETS		7 Day (5)	Effective (5)