Dow 30 Bull 1.25x Fund

PDOWX

Symbol	Fund	Index/Benchmark	Daily Target
PDOWX	Dow 30 Bull 1.25x Fund	Dow Jones Industrial Average	125%

The Dow 30 Bull 1.25x Fund seeks daily investment results that correspond to 125% of the performance of the Dow.

The Dow consists of 30 of the most widely held and actively traded stocks listed on the U.S. stock markets. The stocks in the Dow represent companies that typically are dominant firms in their respective industries. Dow Jones does not sponsor, endorse, sell, or promote any of the Direxion Funds.

Industrials	22.2%	Financials	12.7%	Communications	6.8%
Consumer, Non-cyclical	16.9%	Energy	11.6%	Basic Materials	5.5%
Technology	14.0%	Consumer, Cyclical	10.3%

Data as of 03/31/2008 is subject to change at any time and are not recommendations to buy or sell any security.

Regulatory Documents (including Prospectus, SAI, Semi-Annual Report and Annual Report)

An investor should consider the investment objectives, risks, charges, and expenses of the Direxion Funds carefully before investing. The prospectus contains this and other information about Direxion Funds. To obtain a prospectus, please contact the Direxion Funds at 800.851.0511. The prospectus should be read carefully before investing.

Investing in index funds may be more volatile than investing in broadly diversified funds. The use of leverage by a mutual fund increases the risk to the fund. The more a fund invests in leveraged instruments the more the leverage will magnify gains or losses on those investments.

The principal risks of investing in the DOW 30 Bull 1.25x Fund are Market Timing Activity and High Portfolio Turnover, Risk of Tracking Error, Risks of Aggressive Investment Techniques, Leverage Risk, Risks of Investing in Equity Securities, Risks of Investing in Derivatives, Risks of Shorting Securities, Swap Agreement Risks and Risk of Non-Diversification. For more information on the risks of the fund, including a description of each risk, please refer to the prospectus.