India Bull 2x Fund

DXILX

Symbol	Fund	Index/Benchmark	Daily Target
DXILX	India Bull 2x Fund	MSCI India Index®	200%

The India Bull 2x Fund seeks daily investment results, before fees and expenses, of 200% of the price performance of the MSCI® India Index.

The MSCI® India Total Return Index is a free float-adjusted market capitalization index designed to measure the market performance, including price performance and income from dividend payments, of Indian equity securities. The MSCI® India Index seeks to represent approximately 85% of the free-float-adjusted market capitalization of equity securities by industry group within India. As of March 31, 2007, it was comprised of 69 companies listed on the National Stock Exchange of India. MSCI® is not a sponsor of, or in any way affiliated with, the India Funds.

Financial	28.8%	Materials	7.9%	Consumer Staples	3.9%
Energy	19.1%	Utilities	5.7%	Consumer Discretionary	3.7%
Industrials	12.3%	Telecommunication Services	4.5%	Health Care	2.9%
Information Technology	11.2%

Data as of 12/31/2007 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 the Direxion Funds. To obtain a prospectus please call 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 India Funds are Market Timing Activity and High Portfolio Turnover, Risk of Tracking Error, Risks of Aggressive Investment Techniques, Leverage Risk, Counterparty Risks, Risk of Non- Diversification, Interest Rate Changes, Risks of Investing in Other Investment Companies and ETFs, Adverse Market Conditions, Risks of Investing in Equity Securities, Risks of Investing in Foreign Instruments, Currency Exchange Rates, Risks of Investing in Emerging Markets Instruments Credit Risk and Lower-Quality Debt Securities, Concentration Risk, Valuation Time Risk and Geographic Concentration Risk. For more information on the risks of the India Funds, including a description of each risk, please refer to the prospectus.