New Perspective Fund, Inc.

<PAGE>

NEW PERSPECTIVE FUND, INC.

Part B
Statement of Additional Information

December 1, 2006

(as supplemented July 2, 2007)

This document is not a prospectus but should be read in conjunction with the
current prospectus or retirement plan prospectus of New Perspective Fund (the
"fund" or "NPF") dated December 1, 2006. You may obtain a prospectus from your
financial adviser or by writing to the fund at the following address:

New Perspective Fund, Inc.
Attention: Secretary
333 South Hope Street
Los Angeles, California 90071
213/486-9200

Shareholders who purchase shares at net asset value through eligible retirement
plans should note that not all of the services or features described below may
be available to them. They should contact their employers for details.

TABLE OF CONTENTS

Item Page no.
---- --------

Certain investment limitations and guidelines . . . . . . . . . . . 2
Description of certain securities and investment techniques . . . . 2
Fundamental policies and investment restrictions. . . . . . . . . . 7
Management of the fund . . . . . . . . . . . . . . . . . . . . . . 9
Execution of portfolio transactions . . . . . . . . . . . . . . . . 28
Disclosure of portfolio holdings. . . . . . . . . . . . . . . . . . 29
Price of shares . . . . . . . . . . . . . . . . . . . . . . . . . . 30
Taxes and distributions . . . . . . . . . . . . . . . . . . . . . . 32
Purchase and exchange of shares . . . . . . . . . . . . . . . . . . 37
Sales charges . . . . . . . . . . . . . . . . . . . . . . . . . . . 40
Sales charge reductions and waivers . . . . . . . . . . . . . . . . 42
Selling shares. . . . . . . . . . . . . . . . . . . . . . . . . . . 46
Shareholder account services and privileges . . . . . . . . . . . . 47
General information . . . . . . . . . . . . . . . . . . . . . . . . 49
Appendix. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55
Financial statements

New Perspective Fund -- Page 1
<PAGE>

CERTAIN INVESTMENT LIMITATIONS AND GUIDELINES

The following limitations and guidelines are considered at the time of purchase,
under normal circumstances, and are based on a percentage of the fund's net
assets unless otherwise noted. This summary is not intended to reflect all of
the fund's investment limitations.

. The fund invests primarily in common stocks.

. The fund may invest up to 10% of its assets in nonconvertible debt
securities rated Baa or below by Moody's Investors Service ("Moody's") and
BBB or below by Standard & Poor's Corporation ("S&P") or unrated but
determined to be of equivalent quality.

. The fund may invest up to 5% of its assets in nonconvertible debt
securities rated Ba or below by Moody's and BB or below by S&P or unrated
but determined to be of equivalent quality.

* * * * * *

The fund may experience difficulty liquidating certain portfolio securities
during significant market declines or periods of heavy redemptions.

DESCRIPTION OF CERTAIN SECURITIES AND INVESTMENT TECHNIQUES

The descriptions below are intended to supplement the material in the prospectus
under "Investment objectives, strategies and risks."

EQUITY SECURITIES -- Equity securities represent an ownership position in a
company. Equity securities held by the fund typically consist of common stocks.
The prices of equity securities fluctuate based on, among other things, events
specific to their issuers and market, economic and other conditions. The prices
of these securities can also be adversely affected by the outcome of financial
contracts (such as derivatives) held by third parties relating to various assets
or indices.

There may be little trading in the secondary market for particular equity
securities, which may adversely affect the fund's ability to value accurately or
dispose of such equity securities. Adverse publicity and investor perceptions,
whether or not based on fundamental analysis, may decrease the value and/or
liquidity of equity securities.

The growth-oriented, equity-type securities generally purchased by the fund may
involve large price swings and potential for loss.

DEBT SECURITIES -- Debt securities are used by issuers to borrow money.
Generally, issuers pay investors periodic interest and repay the amount borrowed
either periodically during the life of the security and/or at maturity. Some
debt securities, such as zero coupon bonds, do not pay current interest, but are
purchased at a discount from their face values and accrue interest at the
applicable coupon rate over a specified time period. The market prices of debt
securities fluctuate depending on such factors as interest rates, credit quality
and maturity. In general, market prices of debt securities decline when interest
rates rise and increase when interest rates fall.

New Perspective Fund -- Page 2
<PAGE>

Lower rated debt securities, rated Ba or below by Moody's and/or BB or below by
S&P or unrated but determined to be of equivalent quality, are described by the
rating agencies as speculative and involve greater risk of default or price
changes due to changes in the issuer's creditworthiness than higher rated debt
securities, or they may already be in default. The market prices of these
securities may fluctuate more than higher quality securities and may decline
significantly in periods of general economic difficulty. It may be more
difficult to dispose of, and to determine the value of, lower rated debt
securities.

Certain additional risk factors relating to debt securities are discussed below:

SENSITIVITY TO INTEREST RATE AND ECONOMIC CHANGES -- Debt securities may be
sensitive to economic changes, political and corporate developments, and
interest rate changes. In addition, during an economic downturn or
substantial period of rising interest rates, issuers that are highly
leveraged may experience increased financial stress that would adversely
affect their ability to meet projected business goals, to obtain additional
financing and to service their principal and interest payment obligations.
Periods of economic change and uncertainty also can be expected to result
in increased volatility of market prices and yields of certain debt
securities. The prices of these securities can be adversely affected by the
outcome of financial contracts (such as derivatives) held by third parties
relating to various assets or indices.

PAYMENT EXPECTATIONS -- Debt securities may contain redemption or call
provisions. If an issuer exercises these provisions in a lower interest
rate market, the fund would have to replace the security with a lower
yielding security, resulting in decreased income to investors. If the
issuer of a debt security defaults on its obligations to pay interest or
principal or is the subject of bankruptcy proceedings, the fund may incur
losses or expenses in seeking recovery of amounts owed to it.

LIQUIDITY AND VALUATION -- There may be little trading in the secondary
market for particular debt securities, which may affect adversely the
fund's ability to value accurately or dispose of such debt securities.
Adverse publicity and investor perceptions, whether or not based on
fundamental analysis, may decrease the value and/or liquidity of debt
securities.

The investment adviser attempts to reduce the risks described above through
diversification of the fund's portfolio and by credit analysis of each issuer,
as well as by monitoring broad economic trends and corporate and legislative
developments, but there can be no assurance that it will be successful in doing
so.

SECURITIES WITH EQUITY AND DEBT CHARACTERISTICS -- The fund may invest in
securities that have a combination of equity and debt characteristics. These
securities may at times behave more like equity than debt and vice versa. Some
types of convertible bonds or preferred stocks automatically convert into common
stocks and some may be subject to redemption at the option of the issuer at a
predetermined price. The prices and yields of nonconvertible preferred stocks
generally move with changes in interest rates and the issuer's credit quality,
similar to the factors affecting debt securities. These securities may be
treated as debt for fund investment limit purposes.

Convertible bonds, convertible preferred stocks and other securities may
sometimes be converted, or may automatically convert, into common stocks or
other securities at a stated

New Perspective Fund -- Page 3
<PAGE>

conversion ratio. These securities, prior to conversion, may pay a fixed rate of
interest or a dividend. Because convertible securities have both debt and equity
characteristics, their value varies in response to many factors, including the
value of the underlying assets, general market and economic conditions, and
convertible market valuations, as well as changes in interest rates, credit
spreads and the credit quality of the issuer.

INVESTING IN VARIOUS COUNTRIES -- Investing outside the United States may
involve additional risks caused by, among other things, currency controls and
fluctuating currency values; different accounting, auditing, financial reporting
and legal standards and practices in some countries; changing local, regional
and global economic, political and social conditions; expropriation; changes in
tax policy; greater market volatility; differing securities market structures;
higher transaction costs; and various administrative difficulties, such as
delays in clearing and settling portfolio transactions or in receiving payment
of dividends. However, in the opinion of the investment adviser, investing
outside the United States also can reduce certain portfolio risks due to greater
diversification opportunities.

The risks described above may be heightened in connection with investments in
developing countries. Although there is no universally accepted definition, the
investment adviser generally considers a developing country as a country that is
in the earlier stages of its industrialization cycle with a low per capita gross
domestic product ("GDP") and a low market capitalization to GDP ratio relative
to those in the United States and the European Union. Historically, the markets
of developing countries have been more volatile than the markets of developed
countries, reflecting the greater uncertainties of investing in less established
markets and economies. In particular, developing countries may have less stable
governments; may present the risks of nationalization of businesses,
restrictions on foreign ownership and prohibitions on the repatriation of
assets; and may have less protection of property rights than more developed
countries. The economies of developing countries may be reliant on only a few
industries, may be highly vulnerable to changes in local or global trade
conditions and may suffer from high and volatile debt burdens or inflation
rates. Local securities markets may trade a small number of securities and may
be unable to respond effectively to increases in trading volume, potentially
making prompt liquidation of holdings difficult or impossible at times.

Additional costs could be incurred in connection with the fund's investment
activities outside the United States. Brokerage commissions may be higher
outside the United States, and the fund will bear certain expenses in connection
with its currency transactions. Furthermore, increased custodian costs may be
associated with maintaining assets in certain jurisdictions.

CURRENCY TRANSACTIONS -- The fund may purchase and sell currencies to facilitate
securities transactions and enter into forward currency contracts to protect
against changes in currency exchange rates. A forward currency contract is an
obligation to purchase or sell a specific currency at a future date, which may
be any fixed number of days from the date of the contract agreed upon by the
parties, at a price set at the time of the contract. Forward currency contracts
entered into by the fund will involve the purchase or sale of one currency
against the U.S. dollar. While entering into forward currency transactions could
minimize the risk of loss due to a decline in the value of the hedged currency,
it could also limit any potential gain that may result from an increase in the
value of the currency. The fund will not generally attempt to protect against
all potential changes in exchange rates. The fund will segregate liquid assets
that will be marked to market daily to meet its forward contract commitments to
the extent required by the Securities and Exchange Commission.

New Perspective Fund -- Page 4
<PAGE>

Certain provisions of the Internal Revenue Code may affect the extent to which
the fund may enter into forward contracts. Such transactions also may affect the
character and timing of income, gain or loss recognized by the fund for U.S.
federal income tax purposes.

FORWARD COMMITMENT, WHEN ISSUED AND DELAYED DELIVERY TRANSACTIONS -- The fund
may enter into commitments to purchase or sell securities at a future date. When
the fund agrees to purchase such securities, it assumes the risk of any decline
in value of the security from the date of the agreement. If the other party to
such a transaction fails to deliver or pay for the securities, the fund could
miss a favorable price or yield opportunity, or could experience a loss.

The fund will not use these transactions for the purpose of leveraging and will
segregate liquid assets that will be marked to market daily in an amount
sufficient to meet its payment obligations in these transactions. Although these
transactions will not be entered into for leveraging purposes, to the extent the
fund's aggregate commitments in connection with these transactions exceed its
segregated assets, the fund temporarily could be in a leveraged position
(because it may have an amount greater than its net assets subject to market
risk). Should market values of the fund's portfolio securities decline while the
fund is in a leveraged position, greater depreciation of its net assets would
likely occur than if it were not in such a position. The fund will not borrow
money to settle these transactions and, therefore, will liquidate other
portfolio securities in advance of settlement if necessary to generate
additional cash to meet its obligations. After a transaction is entered into,
the fund may still dispose of or renegotiate the transaction. Additionally,
prior to receiving delivery of securities as part of a transaction, the fund may
sell such securities.

The fund may also enter into reverse repurchase agreements and "roll"
transactions. A reverse repurchase agreement involves the sale of a security by
a fund and its agreement to repurchase the security at a specified time and
price. A "roll" transaction involves the sale of mortgage-backed or other
securities together with a commitment to purchase similar, but not identical,
securities at a later date. The fund assumes the risk of price and yield
fluctuations during the time of the commitment. The fund will segregate liquid
assets that will be marked to market daily in an amount sufficient to meet its
payment obligations under "roll" transactions and reverse repurchase agreements
with broker-dealers (no collateral is required for reverse repurchase agreements
with banks).

U.S. GOVERNMENT OBLIGATIONS -- U.S. government obligations are securities backed
by the full faith and credit of the U.S. government. U.S. government obligations
include the following types of securities:

U.S. TREASURY SECURITIES -- U.S. Treasury securities include direct
obligations of the U.S. Treasury, such as Treasury bills, notes and bonds.
For these securities, the payment of principal and interest is
unconditionally guaranteed by the U.S. government, and thus they are of the
highest possible credit quality. Such securities are subject to variations
in market value due to fluctuations in interest rates, but, if held to
maturity, will be paid in full.

FEDERAL AGENCY SECURITIES BACKED BY "FULL FAITH AND CREDIT" -- The
securities of certain U.S. government agencies and government-sponsored
entities are guaranteed as to the timely payment of principal and interest
by the full faith and credit of the U.S. government. Such agencies and
entities include the Government National Mortgage Association (Ginnie Mae),
the Veterans Administration (VA), the Federal Housing Administration (FHA),
the Export-Import Bank (Exim Bank), the Overseas Private Investment

New Perspective Fund -- Page 5
<PAGE>

Corporation (OPIC), the Commodity Credit Corporation (CCC) and the Small
Business Administration (SBA).

OTHER FEDERAL AGENCY OBLIGATIONS -- Additional federal agency securities are
neither direct obligations of, nor guaranteed by, the U.S. government. These
obligations include securities issued by certain U.S. government agencies and
government-sponsored entities. However, they generally involve some form of
federal sponsorship: some operate under a government charter; some are backed by
specific types of collateral; some are supported by the issuer's right to borrow
from the Treasury; and others are supported only by the credit of the issuing
government agency or entity. These agencies and entities include, but are not
limited to: Federal Home Loan Bank, Federal Home Loan Mortgage Corporation
(Freddie Mac), Federal National Mortgage Association (Fannie Mae), Tennessee
Valley Authority and Federal Farm Credit Bank System.

CASH AND CASH EQUIVALENTS -- These include (a) commercial paper (for example,
short-term notes with maturities typically up to 12 months in length issued by
corporations, governmental bodies or bank/corporation sponsored conduits
(asset-backed commercial paper)) (b) short-term bank obligations (for example,
certificates of deposit, bankers' acceptances (time drafts on a commercial bank
where the bank accepts an irrevocable obligation to pay at maturity)) or bank
notes, (c) savings association and savings bank obligations (for example, bank
notes and certificates of deposit issued by savings banks or savings
associations), (d) securities of the U.S. government, its agencies or
instrumentalities that mature, or may be redeemed, in one year or less, and (e)
corporate bonds and notes that mature, or that may be redeemed, in one year or
less.

RESTRICTED OR ILLIQUID SECURITIES -- The fund may purchase securities subject to
restrictions on resale. Restricted securities may only be sold pursuant to an
exemption from registration under the Securities Act of 1933 (the "1933 Act"),
or in a registered public offering. Where registration is required, the holder
of a registered security may be obligated to pay all or part of the registration
expense and a considerable period may elapse between the time it decides to seek
registration and the time it may be permitted to sell a security under an
effective registration statement. Difficulty in selling such securities may
result in a loss to the fund or cause it to incur additional administrative
costs.

Securities (including restricted securities) not actively traded will be
considered illiquid unless they have been specifically determined to be liquid
under procedures adopted by the fund's board of directors, taking into account
factors such as the frequency and volume of trading, the commitment of dealers
to make markets and the availability of qualified investors, all of which can
change from time to time. The fund may incur certain additional costs in
disposing of illiquid securities.

* * * * * *

PORTFOLIO TURNOVER -- Portfolio changes will be made without regard to the
length of time particular investments may have been held. Short-term trading
profits are not the fund's objective, and changes in its investments are
generally accomplished gradually, though short-term transactions may
occasionally be made. High portfolio turnover involves correspondingly greater
transaction costs in the form of dealer spreads or brokerage commissions, and
may result in the realization of net capital gains, which are taxable when
distributed to shareholders.

New Perspective Fund -- Page 6
<PAGE>

A fund's portfolio turnover rate would equal 100% if each security in the fund's
portfolio were replaced once per year. The fund's portfolio turnover rates for
the fiscal years ended September 30, 2006 and 2005 were 32% and 30%,
respectively. See "Financial highlights" in the prospectus for the fund's annual
portfolio turnover rate for each of the last five fiscal years.

FUNDAMENTAL POLICIES AND INVESTMENT RESTRICTIONS

FUNDAMENTAL POLICIES -- The fund has adopted the following fundamental policies
and investment restrictions, which may not be changed without approval by
holders of a majority of its outstanding shares. Such majority is defined in the
Investment Company Act of 1940, as amended (the "1940 Act"), as the vote of the
lesser of (a) 67% or more of the outstanding voting securities present at a
shareholder meeting, if the holders of more than 50% of the outstanding voting
securities are present in person or by proxy, or (b) more than 50% of the
outstanding voting securities. All percentage limitations are considered at the
time securities are purchased and are based on the fund's net assets unless
otherwise indicated. None of the following investment restrictions involving a
maximum percentage of assets will be considered violated unless the excess
occurs immediately after, and is caused by, an acquisition by the fund.

The fund will not:

1. Invest in securities of another issuer (other than the U.S. government or
its agencies or instrumentalities), if immediately after and as a result of such
investment more than 5% of the value of the total assets of the fund would be
invested in the securities of such other issuer, or more than 10% of the
outstanding voting securities of such issuer would be owned by the fund;

2. Invest in companies for the purpose of exercising control or management;

3. Invest more than 25% of the value of its total assets in the securities of
companies primarily engaged in any one industry;

4. Buy or sell real estate in the ordinary course of its business; however,
the fund may invest in securities secured by real estate or interests therein or
issued by companies, including real estate investment trusts, which invest in
real estate or interests therein;

5. Buy or sell commodities or commodity contracts in the ordinary course of
its business; provided, however, that this restriction shall not prohibit the
fund from purchasing, selling or holding foreign currencies or entering into
forward foreign currency contracts;

6. Engage in the business of underwriting of securities of other issuers,
except to the extent that the disposal of an investment position may technically
constitute the fund an underwriter as that term is defined under the Securities
Act of 1933;

7. Lend any security or make any other loan if, as a result, more than 15% of
its total assets would be lent to third parties, but this limitation does not
apply to purchases of debt securities or to repurchase agreements;

8. Sell securities short, except to the extent that the fund contemporaneously
owns or has the right to acquire at no additional cost securities identical to
those sold short;

9. Purchase securities on margin;

New Perspective Fund -- Page 7
<PAGE>

10. Issue senior securities or borrow money, except as permitted by the 1940
Act, as amended, or any rule thereunder, any SEC or SEC staff interpretation
thereof or any exemptions therefrom which may be granted by the SEC; nor

11. Mortgage, pledge or hypothecate its assets to any extent.

For purposes of Investment Restriction #3, the fund will not invest 25% or more
of the value of its total assets in the securities of companies primarily
engaged in any one industry.

For purposes of Investment Restriction #8, although the fund may sell securities
short, to the extent that the fund contemporaneously owns or has the right to
acquire at no additional cost securities identical to those sold short, the fund
does not anticipate doing so during the next twelve months.

NONFUNDAMENTAL POLICIES -- The following policies may be changed without
shareholder approval:

1. The fund will not purchase or retain the securities of any issuer, if those
individual officers and directors of the fund, its investment adviser or
principal underwriter, each owning beneficially more than 1/2 of 1% of the
securities of such issuer, together own more than 5% of the securities of such
issuer;

2. The fund will not invest more than 5% of the value of its total assets in
securities of companies having, together with their predecessors, a record of
less than three years of continuous operation;

3. The fund will not invest in puts, calls, straddles or spreads, or
combinations thereof;

4. The fund will not purchase partnership interests in oil, gas, or mineral
exploration, drilling or mining ventures;

5. The fund will not invest in securities of other investment companies,
except as permitted by the 1940 Act. The fund may invest in securities of other
investment companies if deemed advisable by its officers in connection with the
administration of a deferred compensation plan adopted by Directors pursuant to
an exemptive order granted by the SEC;

6. The fund will not invest knowingly more than 10% of its net assets in
illiquid securities;

7. The fund does not currently intend to engage in an ongoing or regular
securities lending program; and

8. The fund will only borrow for temporary or emergency purposes and not for
investment in securities.

9. The fund may not acquire securities of open-end investment companies or
unit investment trusts registered under the Investment Company Act of 1940 in
reliance on Sections 12(d)(1)(F) or 12(d)(1)(G) of the Investment Company Act
of 1940.

New Perspective Fund -- Page 8
<PAGE>

MANAGEMENT OF THE FUND

"INDEPENDENT" DIRECTORS/1/

NAME, AGE AND NUMBER OF
POSITION WITH FUND PORTFOLIOS/3/
(YEAR FIRST ELECTED PRINCIPAL OCCUPATION(S) OVERSEEN OTHER DIRECTORSHIPS/4/ HELD
AS A DIRECTOR/2/) DURING PAST FIVE YEARS BY DIRECTOR BY DIRECTOR
-------------------------------------------------------------------------------------------------------------

Elisabeth Allison, 60 Partner, ANZI, Ltd. 3 Color Kinetics, Inc.
Director (1991) (transactional work
specializing in joint ventures
and strategic alliances);
Business negotiator, Harvard
Medical School
-------------------------------------------------------------------------------------------------------------
Vanessa C.L. Chang, 54 Director, El & El Investments 3 None
Director (2000) (real estate); former
President and CEO,
ResolveItNow.com
(insurance-related Internet
company); former Senior Vice
President, Secured Capital
Corporation (real estate
investment bank); former
Partner, KPMG LLP (independent
registered public accounting
firm)
-------------------------------------------------------------------------------------------------------------
Robert A. Fox, 69 Managing General Partner, Fox 7 Chemtura Corporation
Director (1979) Investments LP; corporate
director; retired President
and CEO, Foster Farms (poultry
producer)
-------------------------------------------------------------------------------------------------------------
Jae H. Hyun, 57 Chairman of the Board, Tong 3 Tong Yang Investment Bank;
Director (2002) Yang Major Corp. (holding Tong Yang Magic Inc.;
company of Tong Yang Group Tong Yang Major Corp.;
companies) Tong Yang Systems Corp.
-------------------------------------------------------------------------------------------------------------
Koichi Itoh, 66 Executive Chairman of the 5 None
Director (1994) Board, Itoh Building Co., Ltd.
(building management); former
President, Autosplice KK
(electronics)
-------------------------------------------------------------------------------------------------------------
William H. Kling, /5/ 64 President, American Public 8 Irwin Financial Corporation
Director (1987) Media Group
-------------------------------------------------------------------------------------------------------------
John G. McDonald, 69 Stanford Investors Professor, 8 iStar Financial, Inc.;
Director (1978) Graduate School of Business, Plum Creek Timber Co.;
Stanford University Scholastic Corporation;
Varian, Inc.
-------------------------------------------------------------------------------------------------------------
William I. Miller, 50 Chairman of the Board and CEO, 3 Cummins, Inc.
Chairman of the Board Irwin Financial Corporation
(Independent and
Non-Executive) (1992)
-------------------------------------------------------------------------------------------------------------
Alessandro Ovi, 62 Publisher and Editor, 3 Assicurazioni Generali;
Director (2005) Technology Review; President, Guala Closures SpA;
TechRev.srl; former Special Korn & Ferry Europe
Advisor to the President of (Advisory Board);
the European Commission; ST Microelectronics;
former CEO, Tecnitel Telecom Italia Media
(subsidiary of a
telecommunications company)
-------------------------------------------------------------------------------------------------------------
Kirk P. Pendleton, 67 Chairman of the Board and CEO, 6 None
Director (1996) Cairnwood, Inc. (venture
capital investment)
-------------------------------------------------------------------------------------------------------------
Rozanne L. Ridgway, 71 Director of companies; Chair 3 Boeing;
Director (2000) (non-executive), 3M Corporation;
Baltic-American Enterprise Emerson Electric;
Fund; former co-chair, Manpower, Inc.;
Atlantic Council of the United Sara Lee Corporation
States
-------------------------------------------------------------------------------------------------------------

New Perspective Fund -- Page 9
<PAGE>

"INTERESTED" DIRECTORS/6/,/7/

PRINCIPAL OCCUPATION(S)
DURING PAST FIVE YEARS
NAME, AGE AND AND POSITIONS NUMBER OF
POSITION WITH FUND HELD WITH AFFILIATED ENTITIES PORTFOLIOS/3/
(YEAR FIRST ELECTED OR THE PRINCIPAL UNDERWRITER OVERSEEN OTHER DIRECTORSHIPS/4/ HELD
AS A DIRECTOR/OFFICER/2/) OF THE FUND BY DIRECTOR BY DIRECTOR
----------------------------------------------------------------------------------------------------------------

Gina H. Despres, 65 Senior Vice President, Capital 4 None
Vice Chairman of the Board Research and Management
(1991) Company; Senior Vice
President, Capital Strategy
Research, Inc.*
----------------------------------------------------------------------------------------------------------------
Gregg E. Ireland, 56 Senior Vice President, Capital 1 None
Vice Chairman of the Board Research and Management
(1991) Company
----------------------------------------------------------------------------------------------------------------
Robert W. Lovelace, 44 Senior Vice President and 6 None
President and Director (2001) Director, Capital Research
and Management Company; Chairman
of the Board, Capital Research
Company*; Director, The Capital
Group Companies, Inc.*
----------------------------------------------------------------------------------------------------------------

New Perspective Fund -- Page 10
<PAGE>

OTHER OFFICERS/7/

NAME, AGE AND
POSITION WITH FUND PRINCIPAL OCCUPATION(S) DURING PAST FIVE YEARS
(YEAR FIRST ELECTED AND POSITIONS HELD WITH AFFILIATED ENTITIES
AS AN OFFICER/2/) OR THE PRINCIPAL UNDERWRITER OF THE FUND
-------------------------------------------------------------------------------

Catherine M. Ward, Senior Vice President and Director, Capital Research
59 and Management Company; Director, American Funds
Senior Vice Service Company*; Director, Capital Group Research,
President (1991) Inc.*
-------------------------------------------------------------------------------
F. Galen Hoskin, 42 Senior Vice President, Capital Research Company*
Vice President
(2003)
-------------------------------------------------------------------------------
Jonathan Knowles, 45 Senior Vice President, Capital Research Company*
Vice President
(1998)
-------------------------------------------------------------------------------
Vincent P. Corti, 50 Vice President - Fund Business Management Group,
Secretary (1984) Capital Research and Management Company
-------------------------------------------------------------------------------
R. Marcia Gould, 52 Vice President - Fund Business Management Group,
Treasurer (1993) Capital Research and Management Company
-------------------------------------------------------------------------------
Tanya Schneider, 34 Assistant Vice President - Fund Business Management
Assistant Secretary Group, Capital Research and Management Company
(2007)
-------------------------------------------------------------------------------
Jennifer M. Vice President - Fund Business Management Group,
Buchheim, 33 Capital Research and Management Company
Assistant Treasurer
(2005)
-------------------------------------------------------------------------------

* Company affiliated with Capital Research and Management Company.

/1/ An "independent" director refers to a director who is not an "interested
person" within the meaning of the 1940 Act.
/2/ Directors and officers of the fund serve until their resignation, removal or
retirement.
/3/ Funds managed by Capital Research and Management Company, including the
American Funds, American Funds Insurance Series,(R) which is comprised of 15
funds and serves as the underlying investment vehicle for certain variable
insurance contracts, and Endowments, which is comprised of two portfolios and
whose shareholders are limited to certain nonprofit organizations.
/4/ This includes all directorships (other than those in the American Funds) that
are held by each director as a director of a public company or a registered
investment company.
/5/ During the past two years, Karin Larson (President and Chairman of Capital
International Research, Inc., an affiliate of the investment adviser) has been
a trustee of Minnesota Public Radio, of which Mr. Kling is President and CEO.
During the past two years, Gordon Crawford (Senior Vice President and Director
of the investment adviser) has been a trustee of Southern California Public
Radio, where Mr. Kling serves as a trustee and as Second Vice Chair. Neither
Ms. Larson nor Mr. Crawford participates in decisions directly related to Mr.
Kling's status or compensation.
/6/ "Interested persons," within the meaning of the 1940 Act, on the basis of
their affiliation with the fund's investment adviser, Capital Research and
Management Company, or affiliated entities (including the fund's principal
underwriter).
/7/ All of the officers listed are officers and/or directors/trustees of one or
more of the other funds for which Capital Research and Management Company
serves as investment adviser.

THE ADDRESS FOR ALL DIRECTORS AND OFFICERS OF THE FUND IS 333 SOUTH HOPE STREET,
55TH FLOOR, LOS ANGELES, CALIFORNIA 90071, ATTENTION: SECRETARY.

New Perspective Fund -- Page 11
<PAGE>

FUND SHARES OWNED BY DIRECTORS AS OF DECEMBER 31, 2005

AGGREGATE DOLLAR RANGE/1/
OF SHARES
OWNED IN ALL FUNDS
IN THE AMERICAN FUNDS
DOLLAR RANGE/1/ OF FUND FAMILY OVERSEEN
NAME SHARES OWNED BY DIRECTOR
-------------------------------------------------------------------------------

"INDEPENDENT" DIRECTORS
-------------------------------------------------------------------------------
Elisabeth Allison Over $100,000 Over $100,000
-------------------------------------------------------------------------------
Vanessa C.L. Chang Over $100,000 Over $100,000
-------------------------------------------------------------------------------
Robert A. Fox Over $100,000 Over $100,000
-------------------------------------------------------------------------------
Jae H. Hyun $50,001 - $100,000 Over $100,000
-------------------------------------------------------------------------------
Koichi Itoh Over $100,000 Over $100,000
-------------------------------------------------------------------------------
William H. Kling Over $100,000 Over $100,000
-------------------------------------------------------------------------------
John G. McDonald Over $100,000 Over $100,000
-------------------------------------------------------------------------------
William I. Miller Over $100,000 Over $100,000
-------------------------------------------------------------------------------
Alessandro Ovi None Over $100,000
-------------------------------------------------------------------------------
Kirk P. Pendleton Over $100,000 Over $100,000
-------------------------------------------------------------------------------
Rozanne L. Ridgway $50,001 - $100,000 Over $100,000
-------------------------------------------------------------------------------
"INTERESTED" DIRECTORS
-------------------------------------------------------------------------------
Gina H. Despres Over $100,000 Over $100,000
-------------------------------------------------------------------------------
Paul G. Haaga, Jr. Over $100,000 Over $100,000
-------------------------------------------------------------------------------
Gregg E. Ireland Over $100,000 Over $100,000
-------------------------------------------------------------------------------

/1/ Ownership disclosure is made using the following ranges: None; $1 - $10,000;
$10,001 - $50,000; $50,001 - $100,000; and Over $100,000. The amounts listed
for "interested" directors include shares owned through The Capital Group
Companies, Inc. retirement plan and 401(k) plan.

DIRECTOR COMPENSATION -- No compensation is paid by the fund to any officer or
director who is a director, officer or employee of the investment adviser or its
affiliates. The boards of funds advised by the investment adviser typically meet
either individually or jointly with the boards of one or more other such funds
with substantially overlapping board membership (in each case referred to as a
"board cluster"). The fund typically pays each independent director an annual
fee, which ranges from $14,000 to $20,000, based primarily on the total number of
board clusters on which that independent director serves.

New Perspective Fund -- Page 12
<PAGE>

In addition, the fund generally pays independent directors attendance and other
fees for meetings of the board and its committees. Board and committee chairs
receive additional fees for their services.

Independent directors also receive attendance fees for certain special joint
meetings and information sessions with directors and trustees of other groupings
of funds advised by the investment adviser. The fund and the other funds served
by each independent director each pay an equal portion of these attendance fees.

No pension or retirement benefits are accrued as part of fund expenses.
Independent directors may elect, on a voluntary basis, to defer all or a portion
of their fees through a deferred compensation plan in effect for the fund. The
Investment Adviser also reimburses certain expenses of the independent
directors.

DIRECTOR COMPENSATION PAID DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2006

TOTAL COMPENSATION (INCLUDING
AGGREGATE COMPENSATION VOLUNTARILY DEFERRED COMPENSATION/1/)
(INCLUDING VOLUNTARILY FROM ALL FUNDS MANAGED BY
DEFERRED COMPENSATION/1/) CAPITAL RESEARCH AND MANAGEMENT
NAME FROM THE FUND COMPANY OR ITS AFFILIATES/2/
------------------------------------------------------------------------------------------

Elisabeth Allison $42,833 $115,500
------------------------------------------------------------------------------------------
Vanessa C.L. Chang 42,833 115,500
------------------------------------------------------------------------------------------
Robert A. Fox/3/ 37,214 251,500
------------------------------------------------------------------------------------------
Jae H. Hyun 32,000 84,000
------------------------------------------------------------------------------------------
Koichi Itoh/3/ 35,000 154,834
------------------------------------------------------------------------------------------
William H. Kling 33,166 223,833
------------------------------------------------------------------------------------------
John G. McDonald/3/ 32,626 326,500
------------------------------------------------------------------------------------------
William I. Miller/3/ 45,168 123,500
------------------------------------------------------------------------------------------
Alessandro Ovi/3/ 37,666 101,000
------------------------------------------------------------------------------------------
Kirk P. Pendleton/3/ 37,534 225,000
------------------------------------------------------------------------------------------
Rozanne L. Ridgway/3/ 42,834 115,500
------------------------------------------------------------------------------------------

New Perspective Fund -- Page 13
<PAGE>

/1/ Amounts may be deferred by eligible directors under a nonqualified deferred
compensation plan adopted by the fund in 1993. Deferred amounts accumulate at
an earnings rate determined by the total return of one or more American Funds
as designated by the directors. Compensation shown in this table for the fiscal
year ended September 30, 2006 does not include earnings on amounts deferred in
previous fiscal years. See footnote 3 to this table for more information.

/2/ Funds managed by Capital Research and Management Company, including the
American Funds, American Funds Insurance Series,(R) which is comprised of 15
funds and serves as the underlying investment vehicle for certain variable
insurance contracts, and Endowments, which is comprised of two portfolios and
whose shareholders are limited to certain nonprofit organizations.
/3/ Since the deferred compensation plan's adoption, the total amount of deferred
compensation accrued by the fund (plus earnings thereon) through the 2006
fiscal year for participating directors is as follows: Robert A. Fox
($824,546), Koichi Itoh ($480,682), John G. McDonald ($482,392), William I.
Miller ($300,529), Alessandro Ovi ($32,991), Kirk P. Pendleton ($480,553) and
Rozanne L. Ridgway ($359,499). Amounts deferred and accumulated earnings
thereon are not funded and are general unsecured liabilities of the fund until
paid to the directors.

As of November 1, 2006, the officers and directors of the fund and their
families, as a group, owned beneficially or of record less than 1% of the
outstanding shares of the fund.

FUND ORGANIZATION AND THE BOARD OF DIRECTORS -- The fund, an open-end,
diversified management investment company, was organized as a Maryland
corporation on September 5, 1972. Although the board of directors has delegated
day-to-day oversight to the investment adviser, all fund operations are
supervised by the fund's board, which meets periodically and performs duties
required by applicable state and federal laws.

Under Maryland law, the business affairs of a fund are managed under the
direction of the board of directors, and all powers of the fund are exercised by
or under the authority of the board except as reserved to the shareholders by
law or the fund's charter or by-laws. Maryland law requires each director to
perform his/her duties as a director, including his/her duties as a member of
any board committee on which he/she serves, in good faith, in a manner he/she
reasonably believes to be in the best interest of the fund, and with the care
that an ordinarily prudent person in a like position would use under similar
circumstances.

Members of the board who are not employed by the investment adviser or its
affiliates are paid certain fees for services rendered to the fund as described
above. They may elect to defer all or a portion of these fees through a deferred
compensation plan in effect for the fund.

The fund has several different classes of shares. Shares of each class represent
an interest in the same investment portfolio. Each class has pro rata rights as
to voting, redemption, dividends and liquidation, except that each class bears
different distribution expenses and may bear different transfer agent fees and
other expenses properly attributable to the particular class as approved by the
board of directors and set forth in the fund's rule 18f-3 Plan. Each class'
shareholders have exclusive voting rights with respect to the respective class'
rule 12b-1 plans adopted in connection with the distribution of shares and on
other matters in which the interests of one class are different from interests
in another class. Shares of all classes of the fund vote together on matters
that affect all classes in substantially the same manner. Each class votes as a
class on matters that affect that class alone. Note that CollegeAmerica/(R)/
account owners

New Perspective Fund -- Page 14
<PAGE>

invested in Class 529 shares are not shareholders of the fund and, accordingly,
do not have the rights of a shareholder, such as the right to vote proxies
relating to fund shares. As the legal owner of the fund's Class 529 shares, the
Virginia College Savings Plan/SM/ will vote any proxies relating to such fund
shares.

The fund does not hold annual meetings of shareholders. However, significant
matters that require shareholder approval, such as certain elections of board
members or a change in a fundamental investment policy, will be presented to
shareholders at a meeting called for such purpose. Shareholders have one vote
per share owned. At the request of the holders of at least 10% of the shares,
the fund will hold a meeting at which any member of the board could be removed
by a majority vote.

The fund's articles of incorporation and by-laws as well as separate
indemnification agreements that the fund has entered into with independent
directors provide in effect that, subject to certain conditions, the fund will
indemnify its officers and directors against liabilities or expenses actually
and reasonably incurred by them relating to their service to the fund. However,
directors are not protected from liability by reason of their willful
misfeasance, bad faith, gross negligence or reckless disregard of the duties
involved in the conduct of their office.

COMMITTEES OF THE BOARD OF DIRECTORS -- The fund has an audit committee
comprised of Elisabeth Allison, Vanessa C.L. Chang, Robert A. Fox, Kirk P.
Pendleton and Rozanne L. Ridgway, none of whom is an "interested person" of the
fund within the meaning of the 1940 Act. The committee provides oversight
regarding the fund's accounting and financial reporting policies and practices,
its internal controls and the internal controls of the fund's principal service
providers. The committee acts as a liaison between the fund's independent
registered public accounting firm and the full board of directors. Six audit
committee meetings were held during the 2006 fiscal year.

The fund has a governance and contracts committee comprised of Elisabeth
Allison, Vanessa C.L. Chang, Robert A. Fox, Jae H. Hyun, Koichi Itoh, William H.
Kling, John G. McDonald, William I. Miller, Alessandro Ovi, Kirk P. Pendleton,
and Rozanne L. Ridgway, none of whom is an "interested person" of the fund
within the meaning of the 1940 Act. The committee's principal function is to
request, review and consider the information deemed necessary to evaluate the
terms of certain agreements between the fund and its investment adviser or the
investment adviser's affiliates, such as the Investment Advisory and Service
Agreement, Principal Underwriting Agreement, Administrative Services Agreement
and Plans of Distribution adopted pursuant to rule 12b-1 under the 1940 Act,
that the fund may enter into, renew or continue, and to make its recommendations
to the full board of directors on these matters. One governance and contracts
committee meeting was held during the 2006 fiscal year.

The fund has a nominating committee comprised of Jae H. Hyun, Koichi Itoh,
William H. Kling, John G. McDonald and Alessandro Ovi, none of whom is an
"interested person" of the fund within the meaning of the 1940 Act. The
committee periodically reviews such issues as the board's composition,
responsibilities, committees, compensation and other relevant issues, and
recommends any appropriate changes to the full board of directors. The committee
also evaluates, selects and nominates independent director candidates to the
full board of directors. While the committee normally is able to identify from
its own and other resources an ample number of qualified candidates, it will
consider shareholder suggestions of persons to be considered as nominees to fill
future vacancies on the board. Such suggestions must be sent in writing to the
nominating committee of the fund, addressed to the fund's secretary, and must be

New Perspective Fund -- Page 15
<PAGE>

accompanied by complete biographical and occupational data on the prospective
nominee, along with a written consent of the prospective nominee for
consideration of his or her name by the committee. One nominating committee
meeting was held during the 2006 fiscal year.

PROXY VOTING PROCEDURES AND GUIDELINES -- The fund and its investment adviser
have adopted Proxy Voting Guidelines (the "Guidelines") with respect to voting
proxies of securities held by the fund, other American Funds, Endowments and
American Funds Insurance Series. Certain American Funds have established
separate proxy voting committees that vote proxies or delegate to a voting
officer the authority to vote on behalf of those funds. Proxies for all other
funds are voted by a committee of the investment adviser under authority
delegated by those funds' boards. Therefore, if more than one fund invests in
the same company, they may vote differently on the same proposal.

All U.S. proxies are voted. Non-U.S. proxies also are voted, provided there is
sufficient time and information available. After a proxy is received, the
investment adviser prepares a summary of the proposals in the proxy. A
discussion of any potential conflicts of interest is also included in the
summary. After reviewing the summary, one or more research analysts familiar
with the company and industry make a voting recommendation on the proxy
proposals. A second recommendation is made by a proxy coordinator (a senior
investment professional) based on the individual's knowledge of the Guidelines
and familiarity with proxy-related issues. The proxy summary and voting
recommendations are then sent to the appropriate proxy voting committee for the
final voting decision.

The analyst and proxy coordinator making voting recommendations are responsible
for noting any potential material conflicts of interest. One example might be
where a director of one or more American Funds is also a director of a company
whose proxy is being voted. In such instances, proxy voting committee members
are alerted to the potential conflict. The proxy voting committee may then elect
to vote the proxy or seek a third-party recommendation or vote of an ad hoc
group of committee members.

The Guidelines, which have been in effect in substantially their current form
for many years, provide an important framework for analysis and decision-making
by all funds. However, they are not exhaustive and do not address all potential
issues. The Guidelines provide a certain amount of flexibility so that all
relevant facts and circumstances can be considered in connection with every
vote. As a result, each proxy received is voted on a case-by-case basis
considering the specific circumstances of each proposal. The voting process
reflects the funds' understanding of the company's business, its management and
its relationship with shareholders over time.

Information regarding how the fund voted proxies relating to portfolio
securities during the 12-month period ended June 30 of each year will be
available on or about September 1 of each year (a) without charge, upon request
by calling American Funds Service Company at 800/421-0180, (b) on the American
Funds website at americanfunds.com and (c) on the SEC's website at sec.gov.

The following summary sets forth the general positions of the American Funds,
Endowments, American Funds Insurance Series and the investment adviser on
various proposals. A copy of the full Guidelines is available upon request, free
of charge, by calling American Funds Service Company at 800/421-0180 or visiting
the American Funds website.

New Perspective Fund -- Page 16
<PAGE>

DIRECTOR MATTERS -- The election of a company's slate of nominees for
director is generally supported. Votes may be withheld for some or all of
the nominees if this is determined to be in the best interest of
shareholders. Separation of the chairman and CEO positions may also be
supported. Typically, proposals to declassify the board (elect all
directors annually) are supported based on the belief that this increases
the directors' sense of accountability to shareholders.

SHAREHOLDER RIGHTS -- Proposals to repeal an existing poison pill, to
provide for confidential voting and to provide for cumulative voting are
usually supported. Proposals to eliminate the right of shareholders to act
by written consent or to take away a shareholder's right to call a special
meeting are not typically supported.

COMPENSATION AND BENEFIT PLANS -- Option plans are complicated, and many
factors are considered in evaluating a plan. Each plan is evaluated based
on protecting shareholder interests and a knowledge of the company and its
management. Considerations include the pricing (or repricing) of options
awarded under the plan and the impact of dilution on existing shareholders
from past and future equity awards. Compensation packages should be
structured to attract, motivate and retain existing employees and qualified
directors; however, they should not be excessive.

ROUTINE MATTERS -- The ratification of auditors, procedural matters
relating to the annual meeting and changes to company name are examples of
items considered routine. Such items are generally voted in favor of
management's recommendations unless circumstances indicate otherwise.

PRINCIPAL FUND SHAREHOLDERS -- The following table identifies those investors
who own of record or are known by the fund to own beneficially 5% or more of any
class of its shares as of the opening of business on November 1, 2006. Unless
otherwise indicated, the ownership percentages below represent ownership of
record rather than beneficial ownership.

NAME AND ADDRESS OWNERSHIP PERCENTAGE
----------------------------------------------------------------------------

Edward D. Jones & Co. Class A 15.19%
201 Progress Parkway Class B 8.56
Maryland Heights, MO 63043-3009
----------------------------------------------------------------------------
MLPF&S Class B 6.06
4800 Deer Lake Drive East, Floor 2 Class C 16.99
Jacksonville, FL 32246-6484
----------------------------------------------------------------------------
Citigroup Global Markets, Inc. Class B 5.53
333 W. 34th Street Class C 16.92
New York, NY 10001-2402
----------------------------------------------------------------------------
Charles Schwab & Co., Inc. Class F 8.41
101 Montgomery Street Class R-4 7.16
San Francisco, CA 94104-4122
----------------------------------------------------------------------------
Hartford Life Insurance Co. Class R-1 20.76
P.O. Box 2999 Class R-3 9.65
Hartford, CT 06104-2999
----------------------------------------------------------------------------
Delaware Charter Guarantee & Trust Class R-1 6.53
711 High Street Class R-3 15.33
Des Moines, IA 50392-0001
----------------------------------------------------------------------------
ING Life Insurance & Annuity Class R-3 14.36
151 Farmington Avenue, #TN41 Class R-4 9.15
Hartford, CT 06156-0001
----------------------------------------------------------------------------
Transamerica Life Insurance & Annuity Co. Class R-3 5.88
P.O. Box 30368
Los Angeles, CA 90030-0368
----------------------------------------------------------------------------
Lincoln Life Insurance Company Class R-4 15.98
P.O. Box 2340
1300 S. Clinton Street
Fort Wayne, IN 46802-3518
----------------------------------------------------------------------------
ING National Trust Class R-4 8.23
151 Farmington Avenue, #TN41
Hartford, CT 06156-0001
----------------------------------------------------------------------------
Fidelity Investments Institutional Operations Co. Class R-4 5.27
100 Magellan Way Class R-5 5.74
Covington, KY 41015-1999
----------------------------------------------------------------------------
State Street Bank & Trust Co. Class R-5 60.57
1 Heritage Drive
Quincy, MA 02171-2105
----------------------------------------------------------------------------
Bank of New York Class R-5 5.03
1 Wall Street, Floor 12
New York, NY 10286-0001
----------------------------------------------------------------------------

New Perspective Fund -- Page 17
<PAGE>

INVESTMENT ADVISER -- Capital Research and Management Company, the fund's
investment adviser, founded in 1931, maintains research facilities in the United
States and abroad (Los Angeles, San Francisco, New York, Washington, DC, London,
Geneva, Hong Kong, Singapore and Tokyo). These facilities are staffed with
experienced investment professionals. The investment adviser is located at 333
South Hope Street, Los Angeles, CA 90071 and 135 South State College Boulevard,
Brea, CA 92821. It is a wholly owned subsidiary of The Capital Group Companies,
Inc., a holding company for several investment management subsidiaries. The
investment adviser manages equity assets for the American Funds through two
divisions. These divisions generally function separately from each other with
respect to investment research activities and they make investment decisions for
the funds on a separate basis.

POTENTIAL CONFLICTS OF INTEREST -- The investment adviser has adopted policies
and procedures that address conflicts of interest that may arise between a
portfolio counselor's management of the fund and his or her management of other
funds and accounts. Potential areas of conflict could involve allocation of
investment opportunities and trades among funds and accounts, use of information
regarding the timing of fund trades, personal investing activities, portfolio
counselor compensation and voting relating to portfolio securities. The
investment adviser has adopted policies and procedures that it believes are
reasonably designed to address these conflicts. However, there is no guarantee
that such policies and procedures will be effective or that the investment
adviser will anticipate all potential conflicts of interest.

New Perspective Fund -- Page 18
<PAGE>

COMPENSATION OF INVESTMENT PROFESSIONALS -- As described in the prospectus, the
investment adviser uses a system of multiple portfolio counselors in managing
fund assets. In addition, Capital Research and Management Company's investment
analysts may make investment decisions with respect to a portion of a fund's
portfolio within their research coverage. Portfolio counselors and investment
analysts may also make investment decisions for other mutual funds advised by
Capital Research and Management Company.

Portfolio counselors and investment analysts are paid competitive salaries by
Capital Research and Management Company. In addition, they may receive bonuses
based on their individual portfolio results. Investment professionals also may
participate in profit-sharing plans. The relative mix of compensation
represented by bonuses, salary and profit-sharing will vary depending on the
individual's portfolio results, contributions to the organization and other
factors. In order to encourage a long-term focus, bonuses based on investment
results are calculated by comparing pretax total returns to relevant benchmarks
over both the most recent year and a four-year rolling average, with the greater
weight placed on the four-year rolling average. For portfolio counselors,
benchmarks may include measures of the marketplaces in which the relevant fund
invests and measures of the results of comparable mutual funds. For investment
analysts, benchmarks may include relevant market measures and appropriate
industry or sector indexes reflecting their areas of expertise. Capital Research
and Management Company also separately compensates analysts for the quality of
their research efforts. The benchmarks against which New Perspective Fund
portfolio counselors are measured include: MSCI World Index; MSCI USA Index;
MSCI EAFE Index; Lipper Global Funds Index and Lipper Growth Funds Index.

PORTFOLIO COUNSELOR FUND HOLDINGS AND OTHER MANAGED ACCOUNTS -- As described
below, portfolio counselors may personally own shares of the fund. In addition,
portfolio counselors may manage portions of other mutual funds or accounts
advised by Capital Research and Management Company or its affiliates.

THE FOLLOWING TABLE REFLECTS INFORMATION AS OF SEPTEMBER 30, 2006:

NUMBER NUMBER
OF OTHER OF OTHER NUMBER
REGISTERED POOLED OF OTHER
INVESTMENT INVESTMENT ACCOUNTS
COMPANIES (RICS) VEHICLES (PIVS) THAT
THAT THAT PORTFOLIO
PORTFOLIO PORTFOLIO COUNSELOR
DOLLAR RANGE COUNSELOR COUNSELOR MANAGES
OF FUND MANAGES MANAGES (ASSETS OF
PORTFOLIO SHARES (ASSETS OF RICS (ASSETS OF PIVS OTHER ACCOUNTS
COUNSELOR OWNED/1/ IN BILLIONS)/2/ IN BILLIONS)/3/ IN BILLIONS)/4/
---------------------------------------------------------------------------------------------

Gregg E. Ireland Over 3 $304.5 1 $0.05 None
$1,000,000
----------------------------------------------------------------------------------------------
Robert W. Lovelace Over 3 $180.5 1 $0.53 None
$1,000,000
----------------------------------------------------------------------------------------------
Mark E. Denning None/5/ 6 $280.2 2 $0.07 None
----------------------------------------------------------------------------------------------
Brady L. Enright $100,001 - 2 $ 53.9 None None
$500,000
----------------------------------------------------------------------------------------------
Joanna F. Jonsson $100,001 - 1 $ 72.1 1 $0.06 None
$500,000
----------------------------------------------------------------------------------------------
Carl M. Kawaja $100,001 - 4 $253.6 1 $0.53 None
$500,000
----------------------------------------------------------------------------------------------
Dina N. Perry Over 3 $161.4 1 $0.53 None
$1,000,000
----------------------------------------------------------------------------------------------
Steven T. Watson $100,001 - 3 $228.5 None None
$500,000
----------------------------------------------------------------------------------------------

New Perspective Fund -- Page 19
<PAGE>

/1/ Ownership disclosure is made using the following ranges: None; $1 - $10,000;
$10,001 - $50,000; $50,001 - $100,000; $100,001 - $500,000; $500,001 -
$1,000,000; and Over $1,000,000. The amounts listed include shares owned
through The Capital Group Companies, Inc. retirement plan and 401(k) plan.
/2/ Indicates fund(s) where the portfolio counselor also has significant
responsibilities for the day to day management of the fund(s). Assets noted are
the total net assets of the registered investment companies and are not
indicative of the total assets managed by the individual, which is a
substantially lower amount. No fund has an advisory fee that is based on the
performance of the fund.

/3/ Represents funds advised or sub-advised by Capital Research and Management
Company and sold outside the United States and/ or fixed-income assets in
institutional accounts managed by investment adviser subsidiaries of Capital
Group International, Inc., an affiliate of Capital Research and Management
Company. Assets noted are the total net assets of the funds or accounts and are
not indicative of the total assets managed by the individual, which is a
substantially lower amount. No fund or account has an advisory fee that is
based on the performance of the fund or account.
/4/ Reflects other professionally managed accounts held at companies affiliated
with Capital Research and Management Company. Personal brokerage accounts of
portfolio counselors and their families are not reflected.
/5/ Portfolio counselor resides outside the United States. As such, tax
considerations may adversely influence his or her ability to own shares of the
fund.

INVESTMENT ADVISORY AND SERVICE AGREEMENT -- The Investment Advisory and Service
Agreement (the "Agreement") between the fund and the investment adviser will
continue in effect until December 31, 2007, unless sooner terminated, and may be
renewed from year to year thereafter, provided that any such renewal has been
specifically approved at least annually by (a) the board of directors, or by the
vote of a majority (as defined in the 1940 Act) of the outstanding voting
securities of the fund, and (b) the vote of a majority of directors who are not
parties to the Agreement or interested persons (as defined in the 1940 Act) of
any such party, cast in person at a meeting called for the purpose of voting on
such approval. The Agreement provides that the investment adviser has no
liability to the fund for its acts or omissions in the performance of its
obligations to the fund not involving willful misconduct, bad faith, gross
negligence or reckless disregard of its obligations under the Agreement. The
Agreement also provides that either party has the right to terminate it, without
penalty, upon 60 days' written notice to the other party, and that the Agreement
automatically terminates in the event of its assignment (as defined in the 1940
Act).

New Perspective Fund -- Page 20
<PAGE>

In addition to providing investment advisory services, the investment adviser
furnishes the services and pays the compensation and travel expenses of persons
to perform the fund's executive, administrative, clerical and bookkeeping
functions, and provides suitable office space, necessary small office equipment
and utilities, general purpose accounting forms, supplies and postage used at
the fund's offices and the travel expenses of directors incurred in connection
with attendance of meetings of the board. The fund pays all expenses not assumed
by the investment adviser, including, but not limited to, custodian, stock
transfer and dividend disbursing fees and expenses; shareholder recordkeeping
and administrative expenses; costs of the designing, printing and mailing of
reports, prospectuses, proxy statements and notices to its shareholders; taxes;
expenses of the issuance and redemption of fund shares (including stock
certificates, registration and qualification fees and expenses); expenses
pursuant to the fund's plans of distribution (described below); legal and
auditing expenses; compensation paid to independent directors; association dues;
costs of stationery and forms prepared exclusively for the fund; and costs of
assembling and storing shareholder account data.

As compensation for its services, the investment adviser receives a monthly fee
that is accrued daily, calculated at the annual rate of 0.60% on the first $500
million of the fund's net assets, 0.50% on net assets between $500 million and
$1 billion, 0.46% on net assets between $1 billion and $1.5 billion, 0.43% on
net assets between $1.5 billion and $2.5 billion, 0.41% on net assets between
$2.5 billion and $4 billion, 0.40% on net assets between $4 billion and $6.5
billion, 0.395% on net assets between $6.5 billion and $10.5 billion, 0.39% on
net assets between $10.5 billion and $17 billion, 0.385% on assets between $17
billion and $21 billion, 0.38% on net assets between $21 billion and $27
billion, 0.375% on net assets between $27 billion and $34 billion, 0.37% on
assets between $34 billion and $44 billion, 0.365% on net assets between $44
billion and $55 billion, and 0.36% on net assets in excess of $55 billion.

The investment adviser has agreed that in the event the Class A expenses of the
fund (with the exclusion of interest, taxes, brokerage costs, distribution
expenses pursuant to a plan under rule 12b-1 and extraordinary expenses such as
litigation and acquisitions or other expenses excludable under applicable state
securities laws or regulations) for any fiscal year ending on a date on which
the Agreement is in effect exceed the expense limitations, if any, applicable to
the fund pursuant to state securities laws or any related regulations, it will
reduce its fee by the extent of such excess and, if required pursuant to any
such laws or any regulations thereunder, will reimburse the fund in the amount
of such excess. To the extent the fund's management fee must be waived due to
Class A share expense ratios exceeding the above limit, management fees will be
reduced similarly for all classes of shares of the fund, or other Class A fees
will be waived in lieu of management fees.

For the fiscal years ended September 30, 2006, 2005 and 2004, the investment
adviser was entitled to receive from the fund management fees of $178,932,000,
153,160,000 and $131,292,000, respectively. After giving effect to the
management fee waiver described below, the fund paid the investment adviser
management fees of $161,039,000 (a reduction of $17,893,000), $141,583,000 (a
reduction of $11,577,000), and $130,734,000 (a reduction of $558,000) for the
fiscal years ended September 30, 2006, 2005 and 2004, respectively.

For the period from September 1, 2004 through March 31, 2005, the investment
adviser agreed to waive 5% of the management fees that it was otherwise entitled
to receive under the Agreement. Beginning April 1, 2005, this waiver increased
to 10% of the management fees that the investment adviser is otherwise entitled
to receive. As a result of this waiver, management fees are reduced similarly
for all classes of shares of the fund.

New Perspective Fund -- Page 21
<PAGE>

ADMINISTRATIVE SERVICES AGREEMENT -- The Administrative Services Agreement (the
"Administrative Agreement") between the fund and the investment adviser relating
to the fund's Class C, F, R and 529 shares will continue in effect until
December 31, 2007, unless sooner terminated, and may be renewed from year to
year thereafter, provided that any such renewal has been specifically approved
at least annually by the vote of a majority of directors who are not parties to
the Administrative Agreement or interested persons (as defined in the 1940 Act)
of any such party, cast in person at a meeting called for the purpose of voting
on such approval. The fund may terminate the Administrative Agreement at any
time by vote of a majority of independent directors. The investment adviser has
the right to terminate the Administrative Agreement upon 60 days' written notice
to the fund. The Administrative Agreement automatically terminates in the event
of its assignment (as defined in the 1940 Act).

Under the Administrative Agreement, the investment adviser provides certain
transfer agent and administrative services for shareholders of the fund's Class
C and F shares, and all Class R and 529 shares. The investment adviser may
contract with third parties, including American Funds Service Company, the
fund's Transfer Agent, to provide these services. Services include, but are
not limited to, shareholder account maintenance, transaction processing, tax
information reporting and shareholder and fund communications. In addition,
the investment adviser monitors, coordinates and oversees the activities
performed by third parties providing such services. For Class R-1 and R-2
shares, the investment adviser has agreed to pay a portion of the fees payable
under the Administrative Agreement that would otherwise have been paid by the
fund. For the year ended September 30, 2006, the total fees paid by the
investment adviser were $384,000.

The investment adviser receives an administrative services fee at the annual
rate of up to 0.15% of the average daily net assets for Class C, F, R (excluding
Class R-5 shares) and 529 shares for administrative services provided to these
share classes. Administrative services fees are paid monthly and accrued daily.
The investment adviser uses a portion of this fee to compensate third parties
for administrative services provided to the fund. Of the remainder, the
investment adviser does not retain more than 0.05% of the average daily net
assets for each applicable share class. For Class R-5 shares, the administrative
services fee is calculated at the annual rate of up to 0.10% of the average
daily net assets. The administrative services fee includes compensation for
transfer agent and shareholder services provided to the fund's Class C, F, R and
529 shares. In addition to making administrative service fee payments to
unaffiliated third parties, the investment adviser also makes payments from the
administrative services fee to American Funds Service Company according to a
fee schedule contained in a Shareholder Services Agreement between the fund
and American Funds Service Company.

During the 2006 fiscal year, administrative services fees, gross of any payments
made by the investment adviser, were:

ADMINISTRATIVE SERVICES FEE
------------------------------------------------------------------------------

CLASS C $2,368,000
------------------------------------------------------------------------------
CLASS F 809,000
------------------------------------------------------------------------------
CLASS 529-A 522,000
------------------------------------------------------------------------------
CLASS 529-B 122,000
------------------------------------------------------------------------------
CLASS 529-C 171,000
------------------------------------------------------------------------------
CLASS 529-E 32,000
------------------------------------------------------------------------------
CLASS 529-F 7,000
------------------------------------------------------------------------------
CLASS R-1 42,000
------------------------------------------------------------------------------
CLASS R-2 2,052,000
------------------------------------------------------------------------------
CLASS R-3 1,449,000
------------------------------------------------------------------------------
CLASS R-4 891,000
------------------------------------------------------------------------------
CLASS R-5 1,722,000
------------------------------------------------------------------------------

New Perspective Fund -- Page 22
<PAGE>

PRINCIPAL UNDERWRITER AND PLANS OF DISTRIBUTION -- American Funds Distributors,
Inc. (the "Principal Underwriter") is the principal underwriter of the fund's
shares. The Principal Underwriter is located at 333 South Hope Street, Los
Angeles, CA 90071; 135 South State College Boulevard, Brea, CA 92821; 15370
Barranca Parkway, Irvine, CA 92618; 3500 Wiseman Boulevard, San Antonio, TX
78251; 8332 Woodfield Crossing Boulevard, Indianapolis, IN 46240; and 5300 Robin
Hood Road, Norfolk, VA 23513.

The Principal Underwriter receives revenues from sales of the fund's shares. For
Class A and 529-A shares, the Principal Underwriter receives commission revenue
consisting of that portion of the Class A and 529-A sales charge remaining after
the allowances by the Principal Underwriter to investment dealers. For Class B
and 529-B shares, the Principal Underwriter sells the rights to the 12b-1 fees
paid by the fund for distribution expenses to a third party and receives the
revenue remaining after compensating investment dealers for sales of Class B and
529-B shares. The fund also pays the Principal Underwriter for advancing the
immediate service fees paid to qualified dealers of Class B and 529-B shares.
For Class C and 529-C shares, the Principal Underwriter receives any contingent
deferred sales charges that apply during the first year after purchase. The fund
pays the Principal Underwriter for advancing the immediate service fees and
commissions paid to qualified dealers of Class C and 529-C shares. For Class
529-E shares, the fund pays the Principal Underwriter for advancing the
immediate service fees and commissions paid to qualified dealers. For Class F
and 529-F shares, the fund pays the Principal Underwriter for advancing the
immediate service fees paid to qualified dealers and advisers who sell Class F
and 529-F shares. For Class R-1, R-2, R-3 and R-4 shares, the fund pays the
Principal Underwriter for advancing the immediate service fees paid to qualified
dealers and advisers who sell Class R-1, R-2, R-3 and R-4 shares.

New Perspective Fund -- Page 23
<PAGE>

Commissions, revenue or service fees retained by the Principal Underwriter after
allowances or compensation to dealers were:

COMMISSIONS, ALLOWANCE OR
REVENUE COMPENSATION
FISCAL YEAR/PERIOD OR FEES RETAINED TO DEALERS
-----------------------------------------------------------------------------------------

CLASS A 2006 $13,193,000 $59,021,000
2005 12,800,000 57,907,000
2004 13,867,000 63,330,000
-----------------------------------------------------------------------------------------
CLASS B 2006 720,000 4,781,000
2005 892,000 5,923,000
2004 1,300,000 10,309,000
-----------------------------------------------------------------------------------------
CLASS C 2006 243,000 2,834,000
2005 352,000 2,686,000
2004 -- 3,536,000
-----------------------------------------------------------------------------------------
CLASS 529-A 2006 664,000 3,127,000
2005 671,000 3,192,000
2004 640,000 3,072,000
-----------------------------------------------------------------------------------------
CLASS 529-B 2006 65,000 401,000
2005 96,000 573,000
2004 136,000 784,000
-----------------------------------------------------------------------------------------
CLASS 529-C 2006 22,000 295,000
2005 14,000 296,000
2004 -- 306,000
-----------------------------------------------------------------------------------------

The fund has adopted plans of distribution (the "Plans") pursuant to rule 12b-1
under the 1940 Act. The Principal Underwriter receives amounts payable pursuant
to the Plans (see below). As required by rule 12b-1 and the 1940 Act, the Plans
(together with the Principal Underwriting Agreement) have been approved by the
full board of directors and separately by a majority of the independent
directors of the fund who have no direct or indirect financial interest in the
operation of the Plans or the Principal Underwriting Agreement. Potential
benefits of the Plans to the fund include quality shareholder services; savings
to the fund in transfer agency costs; and benefits to

New Perspective Fund -- Page 24
<PAGE>

the investment process from growth or stability of assets. The selection and
nomination of independent directors are committed to the discretion of the
independent directors during the existence of the Plans. The Plans may not be
amended to increase materially the amount spent for distribution without
shareholder approval. Plan expenses are reviewed quarterly and the Plans must be
renewed annually by the board of directors.

Under the Plans, the fund may annually expend the following amounts to finance
any activity primarily intended to result in the sale of fund shares, provided
the fund's board of directors has approved the category of expenses for which
payment is being made: (a) for Class A shares, up to 0.25% of the average daily
net assets attributable to Class A shares; (b) for Class 529-A shares, up to
0.50% of the average daily net assets attributable to Class 529-A shares; (c)
for Class B and 529-B shares, up to 1.00% of the average daily net assets
attributable to Class B and 529-B shares, respectively; (d) for Class C and
529-C shares, up to 1.00% of the average daily net assets attributable to Class
C and 529-C shares, respectively; (e) for Class 529-E shares, up to 0.75% of the
average daily net assets attributable to Class 529-E shares; (f) for Class F and
529-F shares, up to 0.50% of the average daily net assets attributable to Class
F and 529-F shares, respectively; (g) for Class R-1 shares, up to 1.00% of the
average daily net assets attributable to Class R-1 shares; (h) for Class R-2
shares, up to 1.00% of the average daily net assets attributable to Class R-2
shares; (i) for Class R-3 shares, up to 0.75% of the average daily net assets
attributable to Class R-3 shares; and (j) for Class R-4 shares, up to 0.50% of
the average daily net assets attributable to Class R-4 shares. The fund has not
adopted a Plan for Class R-5 shares; accordingly, no 12b-1 fees are paid from
Class R-5 share assets.

For Class A and 529-A shares: (a) up to 0.25% is reimbursed to the Principal
Underwriter for paying service-related expenses, including paying service fees
to qualified dealers, and (b) up to the amount allowable under the fund's Class
A and 529-A 12b-1 limit is reimbursed to the Principal Underwriter for paying
distribution-related expenses, including for Class A and 529-A shares dealer
commissions and wholesaler compensation paid on sales of shares of $1 million or
more purchased without a sales charge (including purchases by employer-sponsored
defined contribution-type retirement plans investing $1 million or more or with
100 or more eligible employees, and retirement plans, endowments and foundations
with $50 million or more in assets -- "no load purchases"). Commissions on no
load purchases of Class A and 529-A shares in excess of the Class A and 529-A
plan limitations not reimbursed to the Principal Underwriter during the most
recent fiscal quarter are recoverable for five quarters, provided that such
commissions do not exceed the annual expense limit. After five quarters, these
commissions are not recoverable.

For Class B and 529-B shares: (a) up to 0.25% is paid to the Principal
Underwriter for paying service-related expenses, including paying service fees
to qualified dealers, and (b) 0.75% is paid to the Principal Underwriter for
distribution-related expenses, including the financing of commissions paid to
qualified dealers.

For Class C and 529-C shares: (a) up to 0.25% is paid to the Principal
Underwriter for paying service-related expenses, including paying service fees
to qualified dealers, and (b) up to 0.75% is paid to the Principal Underwriter
for paying distribution-related expenses, including commissions paid to
qualified dealers.

For Class 529-E shares: currently (a) up to 0.25% is paid to the Principal
Underwriter for paying service-related expenses, including paying service fees
to qualified dealers, and (b) up to 0.25%

New Perspective Fund -- Page 25
<PAGE>

is paid to the Principal Underwriter for paying distribution-related expenses,
including commissions paid to qualified dealers.

For Class F and 529-F shares: currently up to 0.25% is paid to the Principal
Underwriter for paying service-related expenses, including paying service fees
to qualified dealers or advisers.

For Class R-1 shares: (a) up to 0.25% is paid to the Principal Underwriter for
paying service-related expenses, including paying service fees to qualified
dealers, and (b) up to 0.75% is paid to the Principal Underwriter for
distribution-related expenses, including commissions paid to qualified dealers.

For Class R-2 shares: currently (a) up to 0.25% is paid to the Principal
Underwriter for paying service-related expenses, including paying service fees
to qualified dealers, and (b) up to 0.50% is paid to the Principal Underwriter
for paying distribution-related expenses, including commissions paid to
qualified dealers.

For Class R-3 shares: currently (a) up to 0.25% is paid to the Principal
Underwriter for paying service-related expenses, including paying service fees
to qualified dealers, and (b) up to 0.25% is paid to the Principal Underwriter
for paying distribution-related expenses, including commissions paid to
qualified dealers.

For Class R-4 shares: currently up to 0.25% is paid to the Principal Underwriter
for paying service-related expenses, including paying service fees to qualified
dealers or advisers.

As of the end of the 2006 fiscal year, total 12b-1 expenses, and the portion of
the expenses that remained unpaid, were:

12B-1 UNPAID LIABILITY
12B-1 EXPENSES OUTSTANDING
---------------------------------------------------------------------------------

CLASS A $90,371,000 $7,234,000
---------------------------------------------------------------------------------
CLASS B 16,141,000 1,404,000
---------------------------------------------------------------------------------
CLASS C 13,683,000 1,247,000
---------------------------------------------------------------------------------
CLASS F 2,114,000 193,000
---------------------------------------------------------------------------------
CLASS 529-A 980,000 89,000
---------------------------------------------------------------------------------
CLASS 529-B 924,000 85,000
---------------------------------------------------------------------------------
CLASS 529-C 1,387,000 134,000
---------------------------------------------------------------------------------
CLASS 529-E 155,000 14,000
---------------------------------------------------------------------------------
CLASS 529-F 0 0
---------------------------------------------------------------------------------
CLASS R-1 226,000 23,000
---------------------------------------------------------------------------------
CLASS R-2 3,017,000 284,000
---------------------------------------------------------------------------------
CLASS R-3 3,888,000 359,000
---------------------------------------------------------------------------------
CLASS R-4 1,374,000 277,000
---------------------------------------------------------------------------------

New Perspective Fund -- Page 26
<PAGE>

OTHER COMPENSATION TO DEALERS -- As of January 2007, the top dealers (or their
affiliates) that American Funds Distributors anticipates will receive additional
compensation (as described in the prospectus) include:

A. G. Edwards & Sons, Inc.
AIG Advisors Group:
Advantage Capital Corporation
AIG Financial Advisors, Inc.
American General Securities Incorporated
FSC Securities Corporation
Royal Alliance Associates, Inc.
AXA Advisors, LLC
Cadaret, Grant & Co., Inc.
Cambridge Investment Research, Inc.
Commonwealth Financial Network
Cuna Brokerage Services, Inc.
Deutsche Bank Securities Inc.
Edward Jones
Genworth Financial Securities Corporation
Hefren-Tillotson, Inc.
HTK/Janney Montgomery Group:
Hornor, Townsend & Kent, Inc.
Janney Montgomery Scott LLC
ING Advisors Network Inc.:
Bancnorth Investment Group, Inc.
Financial Network Investment Corporation
Guaranty Brokerage Services, Inc.
ING Financial Partners, Inc.
Multi-Financial Securities Corporation
Primevest Financial Services, Inc.
InterSecurities/Transamerica:
InterSecurities, Inc.
Transamerica Financial Advisors, Inc.
J.J.B. Hilliard/PNC Bank:
J.J.B. Hilliard, W.L. Lyons, Inc.
PNC Bank, National Association
PNC Brokerage Corp.
PNC Investments LLC
Lincoln Financial Advisors Corporation:
Lincoln Financial Advisors Corporation
Jefferson Pilot Securities Corporation
LPL Financial Services:
Linsco/Private Ledger Corp.
Uvest Investment Services
Merrill Lynch, Pierce, Fenner & Smith Incorporated

New Perspective Fund -- Page 27
<PAGE>

Metlife Enterprises:
Metlife Securities Inc.
Tower Square Securities
New England Securities
Walnut Street Securities, Inc.
MML Investors Services, Inc.
Morgan Keegan & Company, Inc.
Morgan Stanley DW Inc.
National Planning Holdings Inc.:
Invest Financial Corporation
Investment Centers of America, Inc.
National Planning Corporation
SII Investments, Inc.
NFP Securities, Inc.
Northwestern Mutual Investment Services, LLC
Pacific Select Distributors Inc.:
Associated Securities Corp.
Contemporary Financial Solutions, Inc.
M.L. Stern & Co., LLC
Mutual Service Corporation
Sorrento Pacific Financial, LLC
United Planners' Financial Services of America
Waterstone Financial Group, Inc.
Park Avenue Securities LLC
Princor Financial Services Corporation
Raymond James Group:
Raymond James & Associates, Inc.
Raymond James Financial Services Inc.
RBC Dain Rauscher Inc.
Robert W. Baird & Co. Incorporated
Securian/C.R.I.:
CRI Securities, LLC
Securian Financial Services, Inc.
Smith Barney
U.S. Bancorp Investments, Inc.
UBS Financial Services Inc.
First Clearing LLC
Wells Fargo Investments, L.L.C.

EXECUTION OF PORTFOLIO TRANSACTIONS

As described in the prospectus, the investment adviser places orders with
broker-dealers for the fund's portfolio transactions. Portfolio transactions for
the fund may be executed as part of concurrent authorizations to purchase or
sell the same security for other funds served by the investment adviser, or for
trusts or other accounts served by affiliated companies of the investment
adviser. When such concurrent authorizations occur, the objective is to allocate
the executions in an equitable manner.

Brokerage commissions paid on portfolio transactions, including investment
dealer concessions on underwritings, if applicable, for the fiscal years ended
September 30, 2006, 2005 and 2004 amounted to $37,163,000, $31,641,000 and
$23,314,000, respectively. With respect to fixed-income securities, brokerage
commissions include explicit investment dealer concessions and may exclude other
transaction costs which may be reflected in the spread between the bid and asked
price. The volume of trading activity increased during 2006 as compared to 2005
and 2004, resulting in an increase in brokerage commissions/concessions paid on
portfolio transactions.

The fund is required to disclose information regarding investments in the
securities of its "regular" broker-dealers (or parent companies of its regular
broker-dealers) that derive more than 15% of their revenue from broker-dealer,
underwriter or investment adviser activities. A regular broker-dealer is (a) one
of the 10 broker-dealers that received from the fund the largest amount of
brokerage commissions by participating, directly or indirectly, in the fund's
portfolio transactions during the fund's most recent fiscal year; (b) one of the
10 broker-dealers that engaged as principal in the largest dollar amount of
portfolio transactions of the fund during the fund's most

New Perspective Fund -- Page 28
<PAGE>

recent fiscal year; or (c) one of the 10 broker-dealers that sold the largest
amount of securities of the fund during the fund's most recent fiscal year.

At the end of the fund's most recent fiscal year, the fund's regular
broker-dealers included Citigroup Global Markets Inc., Credit Suisse Group, J.P.
Morgan Securities Inc. and UBS Financial Services Inc. As of the fund's most
recent fiscal year-end, the fund held equity securities of Citigroup Inc. in the
amount of $385,026,000, Credit Suisse Group in the amount of $128,675,000, J.P.
Morgan Chase & Co. in the amount of $77,484,000 and UBS AG in the amount of
$152,953,000.

DISCLOSURE OF PORTFOLIO HOLDINGS

The fund's investment adviser, on behalf of the fund, has adopted policies and
procedures with respect to the disclosure of information about fund portfolio
securities. These policies and procedures have been reviewed by the fund's board
of directors and compliance will be periodically assessed by the board in
connection with reporting from the fund's Chief Compliance Officer.

Under these policies and procedures, the fund's complete list of portfolio
holdings available for public disclosure, dated as of the end of each calendar
quarter, is permitted to be posted on the American Funds website no earlier than
the tenth day after such calendar quarter. In practice, the public portfolio
typically is posted on the website approximately 45 days after the end of the
calendar quarter. In addition, the fund's list of top 10 equity portfolio
holdings measured by percentage of net assets invested, dated as of the end of
each calendar month, is permitted to be posted on the American Funds website no
earlier than the tenth day after such month. Such portfolio holdings information
may then be disclosed to any person pursuant to an ongoing arrangement to
disclose portfolio holdings information to such person no earlier than one day
after the day on which the information is posted on the American Funds website.
The fund's custodian, outside counsel and auditor, each of which require
portfolio holdings information for legitimate business and fund oversight
purposes, may receive the information earlier.

Affiliated persons of the fund as described above who receive portfolio holdings
information are subject to restrictions and limitations on the use and handling
of such information pursuant to applicable codes of ethics, including
requirements to maintain the confidentiality of such information, preclear
securities trades and report securities transactions activity, as applicable.
Third party service providers of the fund receiving such information are subject
to confidentiality obligations. When portfolio holdings information is disclosed
other than through the American Funds website to persons not affiliated with the
fund (which, as described above, would typically occur no earlier than one day
after the day on which the information is posted on the American Funds website),
such persons may be bound by agreements (including confidentiality agreements)
that restrict and limit their use of the information to legitimate business uses
only. Neither the fund nor its investment adviser or any affiliate thereof
receives compensation or other consideration in connection with the disclosure
of information about portfolio securities.

Subject to board policies, the authority to disclose a fund's portfolio
holdings, and to establish policies with respect to such disclosure, resides
with the appropriate investment-related committees of the fund's investment
adviser. In exercising their authority, the committees determine whether
disclosure of information about the fund's portfolio securities is appropriate
and in the best interest of fund shareholders. The investment adviser has
implemented policies and procedures to address conflicts of interest that may
arise from the disclosure of fund

New Perspective Fund -- Page 29
<PAGE>

holdings. For example, the investment adviser's code of ethics specifically
requires, among other things, the safeguarding of information about fund
holdings and contains prohibitions designed to prevent the personal use of
confidential, proprietary investment information in a way that would conflict
with fund transactions. In addition, the investment adviser believes that its
current policy of not selling portfolio holdings information and not disclosing
such information to unaffiliated third parties until such holdings have been
made public on the American Funds website (other than to certain fund service
providers for legitimate business and fund oversight purposes) helps reduce
potential conflicts of interest between fund shareholders and the investment
adviser and its affiliates.

PRICE OF SHARES

Shares are purchased at the offering price or sold at the net asset value price
next determined after the purchase or sell order is received and accepted by the
fund or the Transfer Agent; the offering or net asset value price is effective
for orders received prior to the time of determination of the net asset value
and, in the case of orders placed with dealers or their authorized designees,
accepted by the Principal Underwriter, the Transfer Agent, a dealer or any of
their designees. In the case of orders sent directly to the fund or the Transfer
Agent, an investment dealer should be indicated. The dealer is responsible for
promptly transmitting purchase and sell orders to the Principal Underwriter.

Orders received by the investment dealer or authorized designee, the Transfer
Agent or the fund after the time of the determination of the net asset value
will be entered at the next calculated offering price. Note that investment
dealers or other intermediaries may have their own rules about share
transactions and may have earlier cut-off times than those of the fund. For more
information about how to purchase through your intermediary, contact your
intermediary directly.

Prices that appear in the newspaper do not always indicate prices at which you
will be purchasing and redeeming shares of the fund, since such prices generally
reflect the previous day's closing price, while purchases and redemptions are
made at the next calculated price. The price you pay for shares, the offering
price, is based on the net asset value per share, which is calculated once daily
as of approximately 4:00 p.m. New York time, which is the normal close of
trading on the New York Stock Exchange, each day the Exchange is open. If, for
example, the Exchange closes at 1:00 p.m., the fund's share price would still be
determined as of 4:00 p.m. New York time. The New York Stock Exchange is
currently closed on weekends and on the following holidays: New Year's Day;
Martin Luther King, Jr. Day; Presidents' Day; Good Friday; Memorial Day;
Independence Day; Labor Day; Thanksgiving; and Christmas Day. Each share class
of the fund has a separately calculated net asset value (and share price).

All portfolio securities of funds managed by Capital Research and Management
Company (other than money market funds) are valued, and the net asset values per
share for each share class are determined, as indicated below. The fund follows
standard industry practice by typically reflecting changes in its holdings of
portfolio securities on the first business day following a portfolio trade.

1. Equity securities, including depositary receipts, are valued at the
official closing price of, or the last reported sale price on, the exchange or
market on which such securities are traded, as of the close of business on the
day the securities are being valued or, lacking any sales, at the last available
bid price. Prices for each security are taken from the principal exchange or
market in which the security trades. Fixed-income securities are valued at
prices obtained from an inde-

New Perspective Fund -- Page 30
<PAGE>

pendent pricing service, when such prices are available; however, in
circumstances where the investment adviser deems it appropriate to do so, such
securities will be valued at the mean quoted bid and asked prices (or bid
prices, if asked prices are not available) or at prices for securities of
comparable maturity, quality and type. The pricing services base bond prices on,
among other things, an evaluation of the yield curve as of approximately 3:00
p.m. New York time. The fund's investment adviser performs certain checks on
these prices prior to calculation of the fund's net asset value.

Securities with both fixed-income and equity characteristics (e.g., convertible
bonds, preferred stocks, units comprised of more than one type of security,
etc.), or equity securities traded principally among fixed-income dealers, are
valued in the manner described above for either equity or fixed-income
securities, depending on which method is deemed most appropriate by the
investment adviser.

Securities with original maturities of one year or less having 60 days or less
to maturity are amortized to maturity based on their cost if acquired within 60
days of maturity, or if already held on the 60th day, based on the value
determined on the 61st day. Forward currency contracts are valued at the mean of
representative quoted bid and asked prices.

Assets or liabilities initially expressed in terms of non-U.S. currencies are
translated prior to the next determination of the net asset value of the fund's
shares into U.S. dollars at the prevailing market rates.

Securities and assets for which market quotations are not readily available or
are considered unreliable are valued at fair value as determined in good faith
under policies approved by the fund's board. Subject to board oversight, the
fund's board has delegated the obligation to make fair valuation determinations
to a valuation committee established by the fund's investment adviser. The board
receives regular reports describing fair-valued securities and the valuation
methods used.

The valuation committee has adopted guidelines and procedures (consistent with
SEC rules and guidance) to ensure that certain basic principles and factors are
considered when making all fair value determinations. As a general principle,
securities lacking readily available market quotations, or that have quotations
that are considered unreliable by the investment adviser, are valued in good
faith by the valuation committee based upon what the fund might reasonably
expect to receive upon their current sale. The valuation committee considers all
indications of value available to it in determining the fair value to be
assigned to a particular security, including, without limitation, the type and
cost of the security, contractual or legal restrictions on resale of the
security, relevant financial or business developments of the issuer, actively
traded similar or related securities, conversion or exchange rights on the
security, related corporate actions, significant events occurring after the
close of trading in the security and changes in overall market conditions. The
valuation committee employs additional fair value procedures to address issues
related to investing substantial portions of applicable fund portfolios outside
the United States. Securities owned by these funds trade in markets that open
and close at different times, reflecting time zone differences. If significant
events occur after the close of a market (and before these fund's net asset
values are next determined) which affect the value of portfolio securities,
appropriate adjustments from closing market prices may be made to reflect these
events. Events of this type could include, for example, earthquakes and other
natural disasters or significant price changes in other markets (e.g., U.S.
stock markets).

New Perspective Fund -- Page 31
<PAGE>

2. Each class of shares represents interests in the same portfolio of
investments and is identical in all respects to each other class, except for
differences relating to distribution, service and other charges and expenses,
certain voting rights, differences relating to eligible investors, the
designation of each class of shares, conversion features and exchange
privileges. Expenses attributable to the fund, but not to a particular class of
shares, are borne by each class pro rata based on relative aggregate net assets
of the classes. Expenses directly attributable to a class of shares are borne by
that class of shares. Liabilities, including accruals of taxes and other expense
items attributable to particular share classes, are deducted from total assets
attributable to such share classes.

3. Net assets so obtained for each share class are then divided by the total
number of shares outstanding of that share class, and the result, rounded to the
nearer cent, is the net asset value per share for that share class.

TAXES AND DISTRIBUTIONS

FUND TAXATION -- The fund has elected to be treated as a regulated investment
company under Subchapter M of the Internal Revenue Code (the "Code"). A
regulated investment company qualifying under Subchapter M of the Code is
required to distribute to its shareholders at least 90% of its investment
company taxable income (including the excess of net short-term capital gain over
net long-term capital losses) and generally is not subject to federal income tax
to the extent that it distributes annually 100% of its investment company
taxable income and net realized capital gains in the manner required under the
Code. The fund intends to distribute annually all of its investment company
taxable income and net realized capital gains and therefore does not expect to
pay federal income tax, although in certain circumstances, the fund may
determine that it is in the interest of shareholders to distribute less than
that amount.

To be treated as a regulated investment company under Subchapter M of the Code,
the fund must also (a) derive at least 90% of its gross income from dividends,
interest, payments with respect to securities loans, net income from certain
publicly traded partnerships and gains from the sale or other disposition of
securities or foreign currencies, or other income (including, but not limited
to, gains from options, futures or forward contracts) derived with respect to
the business of investing in such securities or currencies, and (b) diversify
its holdings so that, at the end of each fiscal quarter, (i) at least 50% of the
market value of the fund's assets is represented by cash, U.S. government
securities and securities of other regulated investment companies, and other
securities (for purposes of this calculation, generally limited in respect of
any one issuer, to an amount not greater than 5% of the market value of the
fund's assets and 10% of the outstanding voting securities of such issuer) and
(ii) not more than 25% of the value of its assets is invested in the securities
of (other than U.S. government securities or the securities of other regulated
investment companies) any one issuer; two or more issuers which the fund
controls and which are determined to be engaged in the same or similar trades or
businesses; or the securities of certain publicly traded partnerships.

Under the Code, a nondeductible excise tax of 4% is imposed on the excess of a
regulated investment company's "required distribution" for the calendar year
ending within the regulated investment company's taxable year over the
"distributed amount" for such calendar year. The term "required distribution"
means the sum of (a) 98% of ordinary income (generally net investment income)
for the calendar year, (b) 98% of capital gain (both long-term and short-term)
for the one-year period ending on October 31 (as though the one-year period
ending on October 31 were the regulated investment company's taxable year) and
(c) the sum of any untaxed,

New Perspective Fund -- Page 32
<PAGE>

undistributed net investment income and net capital gains of the regulated
investment company for prior periods. The term "distributed amount" generally
means the sum of (a) amounts actually distributed by the fund from its current
year's ordinary income and capital gain net income and (b) any amount on which
the fund pays income tax during the periods described above. Although the fund
intends to distribute its net investment income and net capital gains so as to
avoid excise tax liability, the fund may determine that it is in the interest of
shareholders to distribute a lesser amount.

The following information may not apply to you if you hold fund shares in a
tax-deferred account, such as a retirement plan or education savings account.
Please see your tax adviser for more information.

DIVIDENDS AND CAPITAL GAIN DISTRIBUTIONS -- Dividends and capital gain
distributions on fund shares will be reinvested in shares of the fund of the
same class, unless shareholders indicate in writing that they wish to receive
them in cash or in shares of the same class of other American Funds, as provided
in the prospectus. Dividends and capital gain distributions by 529 share classes
will be automatically reinvested.

Distributions of investment company taxable income and net realized capital
gains to shareholders will be taxable whether received in shares or in cash,
unless such shareholders are exempt from taxation. Shareholders electing to
receive distributions in the form of additional shares will have a cost basis
for federal income tax purposes in each share so received equal to the net asset
value of that share on the reinvestment date. Dividends and capital gain
distributions by the fund to a tax-deferred retirement plan account are not
taxable currently.

DIVIDENDS -- The fund intends to follow the practice of distributing
substantially all of its investment company taxable income. Investment
company taxable income generally includes dividends, interest, net
short-term capital gains in excess of net long-term capital losses, and
certain foreign currency gains, if any, less expenses and certain foreign
currency losses. To the extent the fund invests in stock of domestic and
certain foreign corporations and meets the applicable holding period
requirement, it may receive "qualified dividends". The fund will designate
the amount of "qualified dividends" to its shareholders in a notice sent
within 60 days of the close of its fiscal year and will report "qualified
dividends" to shareholders on Form 1099-DIV.

Under the Code, gains or losses attributable to fluctuations in exchange
rates that occur between the time the fund accrues receivables or
liabilities denominated in a foreign currency and the time the fund
actually collects such receivables, or pays such liabilities, generally are
treated as ordinary income or ordinary loss. Similarly, on disposition of
debt securities denominated in a foreign currency and on disposition of
certain futures contracts, forward contracts and options, gains or losses
attributable to fluctuations in the value of foreign currency between the
date of acquisition of the security or contract and the date of disposition
are also treated as ordinary gain or loss. These gains or losses, referred
to under the Code as Section 988 gains or losses, may increase or decrease
the amount of the fund's investment company taxable income to be
distributed to its shareholders as ordinary income.

If the fund invests in stock of certain passive foreign investment
companies, the fund may be subject to U.S. federal income taxation on a
portion of any "excess distribution" with respect to, or gain from the
disposition of, such stock. The tax would be determined by

New Perspective Fund -- Page 33
<PAGE>

allocating such distribution or gain ratably to each day of the fund's
holding period for the stock. The distribution or gain so allocated to any
taxable year of the fund, other than the taxable year of the excess
distribution or disposition, would be taxed to the fund at the highest
ordinary income rate in effect for such year, and the tax would be further
increased by an interest charge to reflect the value of the tax deferral
deemed to have resulted from the ownership of the foreign company's stock.
Any amount of distribution or gain allocated to the taxable year of the
distribution or disposition would be included in the fund's investment
company taxable income and, accordingly, would not be taxable to the fund
to the extent distributed by the fund as a dividend to its shareholders.

To avoid such tax and interest, the fund intends to elect to treat these
securities as sold on the last day of its fiscal year and recognize any
gains for tax purposes at that time. Under this election, deductions for
losses are allowable only to the extent of any prior recognized gains, and
both gains and losses will be treated as ordinary income or loss. The fund
will be required to distribute any resulting income, even though it has not
sold the security and received cash to pay such distributions. Upon
disposition of these securities, any gain recognized is treated as ordinary
income and loss is treated as ordinary loss to the extent of any prior
recognized gain.

Dividends from domestic corporations are expected to comprise some portion
of the fund's gross income. To the extent that such dividends constitute
any of the fund's gross income, a portion of the income distributions of
the fund may be eligible for the deduction for dividends received by
corporations. Corporate shareholders will be informed of the portion of
dividends that so qualifies. The dividends-received deduction is reduced to
the extent that either the fund shares, or the underlying shares of stock
held by the fund, with respect to which dividends are received, are treated
as debt-financed under federal income tax law, and is eliminated if the
shares are deemed to have been held by the shareholder or the fund, as the
case may be, for less than 46 days during the 90-day period beginning on
the date that is 45 days before the date on which the shares become
ex-dividend. Capital gain distributions are not eligible for the
dividends-received deduction.

A portion of the difference between the issue price of zero coupon
securities and their face value (original issue discount) is considered to
be income to the fund each year, even though the fund will not receive cash
interest payments from these securities. This original issue discount
(imputed income) will comprise a part of the investment company taxable
income of the fund that must be distributed to shareholders in order to
maintain the qualification of the fund as a regulated investment company
and to avoid federal income taxation at the level of the fund.

The price of a bond purchased after its original issuance may reflect
market discount which, depending on the particular circumstances, may
affect the tax character and amount of income required to be recognized by
a fund holding the bond. In determining whether a bond is purchased with
market discount, certain de minimis rules apply.

Dividend and interest income received by the fund from sources outside the
United States may be subject to withholding and other taxes imposed by such
foreign jurisdictions. Tax conventions between certain countries and the
United States, however, may reduce or eliminate these foreign taxes. Some
foreign countries impose taxes on capital gains with respect to investments
by foreign investors.

New Perspective Fund -- Page 34
<PAGE>

CAPITAL GAIN DISTRIBUTIONS -- The fund also intends to follow the practice
of distributing the entire excess of net realized long-term capital gains
over net realized short-term capital losses. Net capital gains for a fiscal
year are computed by taking into account any capital loss carry forward of
the fund.

If any net long-term capital gains in excess of net short-term capital
losses are retained by the fund for reinvestment, requiring federal income
taxes to be paid thereon by the fund, the fund intends to elect to treat
such capital gains as having been distributed to shareholders. As a result,
each shareholder will report such capital gains as long-term capital gains
taxable to individual shareholders at a maximum 15% capital gains rate,
will be able to claim a pro rata share of federal income taxes paid by the
fund on such gains as a credit against personal federal income tax
liability, and will be entitled to increase the adjusted tax basis on fund
shares by the difference between a pro rata share of the retained gains and
such shareholder's related tax credit.

SHAREHOLDER TAXATION -- In January of each year, individual shareholders holding
fund shares in taxable accounts will receive a statement of the federal income
tax status of all distributions. Shareholders of the fund also may be subject to
state and local taxes on distributions received from the fund.

DIVIDENDS -- Fund dividends are taxable to shareholders as ordinary income.
All or a portion of a fund's dividend distribution may be a "qualified
dividend." If the fund meets the applicable holding period requirement, it
will distribute dividends derived from qualified corporation dividends to
shareholders as qualified dividends. Interest income from bonds and money
market instruments and nonqualified foreign dividends will be distributed
to shareholders as nonqualified fund dividends. The fund will report on
Form 1099-DIV the amount of each shareholder's dividend that may be treated
as a qualified dividend. If a shareholder meets the requisite holding
period requirement, qualified dividends are taxable at a maximum rate of
15%.

CAPITAL GAINS -- Distributions of the excess of net long-term capital gains
over net short-term capital losses that the fund properly designates as
"capital gain dividends" generally will be taxable as long-term capital
gain. Regardless of the length of time the shares of the fund have been
held by a shareholder, a capital gain distribution by the fund is subject
to a maximum tax rate of 15%. Any loss realized upon the redemption of
shares held at the time of redemption for six months or less from the date
of their purchase will be treated as a long-term capital loss to the extent
of any amounts treated as distributions of long-term capital gains during
such six-month period.

Distributions by the fund result in a reduction in the net asset value of the
fund's shares. Investors should consider the tax implications of buying shares
just prior to a distribution. The price of shares purchased at that time
includes the amount of the forthcoming distribution. Those purchasing just prior
to a distribution will subsequently receive a partial return of their investment
capital upon payment of the distribution, which will be taxable to them.

The fund may make the election permitted under Section 853 of the Code so that
shareholders may (subject to limitations) be able to claim a credit or deduction
on their federal income tax returns for, and will be required to treat as part
of the amounts distributed to them, their pro rata portion of qualified taxes
paid by the fund to foreign countries (such taxes relate primarily to investment
income). The fund may make an election under Section 853 of the Code, provided

New Perspective Fund -- Page 35
<PAGE>

that more than 50% of the value of the total assets of the fund at the close of
the taxable year consists of securities of foreign corporations. The foreign tax
credit available to shareholders is subject to certain limitations imposed by
the Code.

Redemptions of shares, including exchanges for shares of other American Funds,
may result in federal, state and local tax consequences (gain or loss) to the
shareholder.

If a shareholder exchanges or otherwise disposes of shares of the fund within 90
days of having acquired such shares, and if, as a result of having acquired
those shares, the shareholder subsequently pays a reduced sales charge for
shares of the fund, or of a different fund, the sales charge previously incurred
in acquiring the fund's shares will not be taken into account (to the extent
such previous sales charges do not exceed the reduction in sales charges) for
the purposes of determining the amount of gain or loss on the exchange, but will
be treated as having been incurred in the acquisition of such other fund(s).

Any loss realized on a redemption or exchange of shares of the fund will be
disallowed to the extent substantially identical shares are reacquired within
the 61-day period beginning 30 days before and ending 30 days after the shares
are disposed of. Any loss disallowed under this rule will be added to the
shareholder's tax basis in the new shares purchased.

The fund will be required to report to the IRS all distributions of investment
company taxable income and capital gains as well as gross proceeds from the
redemption or exchange of fund shares, except in the case of certain exempt
shareholders. Under the backup withholding provisions of Section 3406 of the
Code, distributions of investment company taxable income and capital gains and
proceeds from the redemption or exchange of a regulated investment company may
be subject to backup withholding of federal income tax in the case of non-exempt
U.S. shareholders who fail to furnish the investment company with their taxpayer
identification numbers and with required certifications regarding their status
under the federal income tax law. Withholding may also be required if the fund
is notified by the IRS or a broker that the taxpayer identification number
furnished by the shareholder is incorrect or that the shareholder has previously
failed to report interest or dividend income. If the withholding provisions are
applicable, any such distributions and proceeds, whether taken in cash or
reinvested in additional shares, will be reduced by the amounts required to be
withheld.

The foregoing discussion of U.S. federal income tax law relates solely to the
application of that law to U.S. persons (i.e., U.S. citizens and residents and
U.S. corporations, partnerships, trusts and estates). Each shareholder who is
not a U.S. person should consider the U.S. and foreign tax consequences of
ownership of shares of the fund, including the possibility that such a
shareholder may be subject to a U.S. withholding tax at a rate of 30% (or a
lower rate under an applicable income tax treaty) on dividend income received by
the shareholder.

Shareholders should consult their tax advisers about the application of federal,
state and local tax law in light of their particular situation.

New Perspective Fund -- Page 36
<PAGE>

UNLESS OTHERWISE NOTED, ALL REFERENCES IN THE FOLLOWING PAGES TO CLASS A, B, C
OR F SHARES ALSO REFER TO THE CORRESPONDING CLASS 529-A, 529-B, 529-C OR 529-F
SHARES. CLASS 529 SHAREHOLDERS SHOULD ALSO REFER TO THE APPLICABLE PROGRAM
DESCRIPTION FOR INFORMATION ON POLICIES AND SERVICES SPECIFICALLY RELATING TO
THESE ACCOUNTS. SHAREHOLDERS HOLDING SHARES THROUGH AN ELIGIBLE RETIREMENT PLAN
SHOULD CONTACT THEIR PLAN'S ADMINISTRATOR OR RECORDKEEPER FOR INFORMATION
REGARDING PURCHASES, SALES AND EXCHANGES.

PURCHASE AND EXCHANGE OF SHARES

PURCHASES BY INDIVIDUALS -- As described in the prospectus, you may generally
open an account and purchase fund shares by contacting a financial adviser or
investment dealer authorized to sell the fund's shares. You may make investments
by any of the following means:

CONTACTING YOUR FINANCIAL ADVISER -- Deliver or mail a check to your
financial adviser.

BY MAIL -- for initial investments, you may mail a check, made payable to
the fund, directly to the address indicated on the account application.
Please indicate an investment dealer on the account application. You may
make additional investments by filling out the "Account Additions" form at
the bottom of a recent account statement and mailing the form, along with a
check made payable to the fund, using the envelope provided with your
account statement.

The amount of time it takes for us to receive regular U.S. postal mail may
vary and there is no assurance that we will receive such mail on the day
you expect. Mailing addresses for regular U.S. postal mail can be found in
the prospectus. To send investments or correspondence to us via overnight
mail or courier service, use any of the following addresses:

American Funds
8332 Woodfield Crossing Blvd.
Indianapolis, IN 46240-2482

American Funds
3500 Wiseman Blvd.
San Antonio, TX 78251-4321

American Funds
5300 Robin Hood Rd.
Norfolk, VA 23513-2407

BY TELEPHONE -- using the American FundsLine. Please see the "Shareholder
account services and privileges" section of this document for more
information regarding this service.

BY INTERNET -- using americanfunds.com. Please see the "Shareholder account
services and privileges" section of this document for more information
regarding this service.

BY WIRE -- If you are making a wire transfer, instruct your bank to wire
funds to:

Wells Fargo Bank
ABA Routing No. 121000248
Account No. 4600-076178

New Perspective Fund -- Page 37
<PAGE>

Your bank should include the following information when wiring funds:

For credit to the account of:
American Funds Service Company
(fund's name)

For further credit to:
(shareholder's fund account number)
(shareholder's name)

You may contact American Funds Service Company at 800/421-0180 if you have
questions about making wire transfers.

The Principal Underwriter will not knowingly sell shares of the fund directly or
indirectly to any person or entity, where, after the sale, such person or entity
would own beneficially directly or indirectly more than 3.0% of the outstanding
shares of the fund without the consent of a majority of the fund's board.

Class 529 shares may be purchased only through CollegeAmerica by investors
establishing qualified higher education savings accounts. Class 529-E shares may
be purchased only by investors participating in CollegeAmerica through an
eligible employer plan. Class R-5 shares are also available to clients of the
Personal Investment Management group of Capital Guardian Trust Company who do
not have an intermediary associated with their accounts and without regard to
the $1 million purchase minimum. In addition, the American Funds state
tax-exempt funds are qualified for sale only in certain jurisdictions, and
tax-exempt funds in general should not serve as retirement plan investments. The
fund and the Principal Underwriter reserve the right to reject any purchase
order.

PURCHASE MINIMUMS AND MAXIMUMS -- All investments are subject to the purchase
minimums and maximums described in the prospectus. As noted in the prospectus,
purchase minimums may be waived or reduced in certain cases.

In the case of American Funds non-tax-exempt funds, the initial purchase minimum
of $25 may be waived for the following account types:

. Payroll deduction retirement plan accounts (such as, but not limited
to, 403(b), 401(k), SIMPLE IRA, SARSEP and deferred compensation plan
accounts); and

. Employer-sponsored CollegeAmerica accounts.

The following account types may be established without meeting the initial
purchase minimum:

. Retirement accounts that are funded with employer contributions; and

. Accounts that are funded with monies set by court decree.

The following account types may be established without meeting the initial
purchase minimum, but shareholders wishing to invest in two or more funds must
meet the normal initial purchase minimum of each fund:

New Perspective Fund -- Page 38
<PAGE>

. Accounts that are funded with (a) transfers of assets, (b) rollovers
from retirement plans, (c) rollovers from 529 college savings plans or
(d) required minimum distribution automatic exchanges; and

. American Funds money market fund accounts registered in the name of
clients of Capital Guardian Trust Company's Personal Investment
Management group.

Certain accounts held on the fund's books, known as omnibus accounts, contain
multiple underlying accounts that are invested in shares of the fund. These
underlying accounts are maintained by entities such as financial intermediaries
and are subject to the applicable initial purchase minimums as described in the
prospectus and statement of additional information.

EXCHANGES -- You may only exchange shares into other American Funds within the
same share class. However, exchanges from Class A shares of The Cash Management
Trust of America may be made to Class B or C shares of other American Funds for
dollar cost averaging purposes. Exchanges from Class A shares of The Cash
Management Trust of America to Class B or C shares of Intermediate Bond Fund of
America, Limited Term Tax-Exempt Bond Fund of America and Short-Term Bond Fund
of America are not permitted. Exchange purchases are subject to the minimum
investment requirements of the fund purchased and no sales charge generally
applies. However, exchanges of shares from American Funds money market funds are
subject to applicable sales charges on the fund being purchased, unless the
money market fund shares were acquired by an exchange from a fund having a sales
charge, or by reinvestment or cross-reinvestment of dividends or capital gain
distributions. Exchanges of Class F shares generally may only be made through
fee-based programs of investment firms that have special agreements with the
fund's distributor and certain registered investment advisers.

You may exchange shares of other classes by contacting the Transfer Agent, by
contacting your investment dealer or financial adviser, by using American
FundsLine or americanfunds.com, or by telephoning 800/421-0180 toll-free, or
faxing (see "American Funds Service Company service areas" in the prospectus for
the appropriate fax numbers) the Transfer Agent. For more information, see
"Shareholder account services and privileges" below. THESE TRANSACTIONS HAVE THE
SAME TAX CONSEQUENCES AS ORDINARY SALES AND PURCHASES.

Shares held in employer-sponsored retirement plans may be exchanged into other
American Funds by contacting your plan administrator or recordkeeper. Exchange
redemptions and purchases are processed simultaneously at the share prices next
determined after the exchange order is received (see "Price of shares" above).

FREQUENT TRADING OF FUND SHARES -- As noted in the prospectus, certain
redemptions may trigger a purchase block lasting 30 calendar days under the
fund's "purchase blocking policy." Under this policy, systematic redemptions
will not trigger a purchase block and systematic purchases will not be
prevented. For purposes of this policy, systematic redemptions include, for
example, regular periodic automatic redemptions and statement of intention
escrow share redemptions. Systematic purchases include, for example, regular
periodic automatic purchases and automatic reinvestments of dividends and
capital gain distributions.

The fund, through its transfer agent, American Funds Service Company,
maintains surveillance procedures to detect frequent trading in fund
shares. Under these procedures, various analytics are used to evaluate
factors that may be indicative of frequent trading. For example,
transactions in fund shares that exceed certain monetary thresholds may be
scrutinized. American Funds Service Company also may review transactions
that occur close in time to other transactions in the same account or in
multiple accounts under common ownership or influence. Trading activity
that is identified through these procedures or as a result of any other
information available to the fund will be evaluated to determine whether
such activity might constitute frequent trading. These procedures may be
modified from time to time as appropriate to improve the detection of
frequent trading, to facilitate monitoring for frequent trading in
particular retirement plans or other accounts, and to comply with
applicable laws.

In addition to the fund's broad ability to restrict potentially harmful
trading, the fund's board of directors has adopted a "purchase blocking
policy," under which any shareholder redeeming shares (including
redemptions that are part of an exchange transaction) having a value of
$5,000 or more from the fund will be precluded from investing in the
fund (including investments that are part of an exchange transaction)
for 30 calendar days after the redemption transaction. Under the fund's
purchase blocking policy, certain purchases will not be prevented and
certain redemptions will not trigger a purchase block, such as: systematic
redemptions and purchases where the entity maintaining the shareholder
account is able to identify the transaction as a systematic redemption or
purchase; purchases and redemptions of shares having a value of less than
$5,000; transactions in Class 529 shares; purchases and redemptions
resulting from reallocations by American Funds Target Date Retirement
Series; retirement plan contributions, loans and distributions (including
hardship withdrawals) identified as such on the retirement plan
recordkeeper's system; and purchase transactions involving transfers of
assets, rollovers, Roth IRA conversions and IRA recharacterizations, where
the entity maintaining the shareholder account is able to identify the
transaction as one of these types of transactions.

The fund reserves the right to waive the purchase blocking policy in those
instances where American Funds Service Company determines that its
surveillance procedures are adequate to detect frequent trading in fund
shares.

American Funds Service Company will work with certain intermediaries (such
as investment dealers holding shareholder accounts in street name,
retirement plan recordkeepers, insurance company separate accounts and bank
trust companies) to apply their procedures which American Funds Service
Company believes are reasonably designed to enforce the frequent trading
policies of the fund. You should refer to disclosures provided by the
intermediaries with which you have an account to determine the specific
trading restrictions that apply to you.

If American Funds Service Company identifies any activity that may
constitute frequent trading, it reserves the right to contact the
intermediary and request that the intermediary either provide information
regarding an account owner's transactions or restrict the account owner's
trading. If American Funds Service Company is not satisfied that the
intermediary has taken appropriate action, American Funds Service Company
may terminate the intermediary's ability to transact in fund shares.

There is no guarantee that all instances of frequent trading in fund shares
will be prevented.

Notwithstanding the fund's surveillance procedures and purchase blocking
policy, all transactions in fund shares remain subject to the fund's and
American Funds Distributors' right to restrict potentially abusive trading
generally (including the types of transactions described above that will
not be prevented or trigger a block under the purchase blocking policy).

New Perspective Fund -- Page 39
<PAGE>

OTHER POTENTIALLY ABUSIVE ACTIVITY -- In addition to implementing purchase
blocks, American Funds Service Company will monitor for other types of activity
that could potentially be harmful to the American Funds - for example,
short-term trading activity in multiple funds. When identified, American Funds
Service Company will request that the shareholder discontinue the activity. If
the activity continues, American Funds Service Company will freeze the
shareholder account to prevent all activity other than redemptions of fund
shares.

MOVING BETWEEN SHARE CLASSES

AUTOMATIC CONVERSIONS -- As described more fully in the prospectus, Class
B, 529-B and C shares automatically convert to Class A, 529-A and F shares,
respectively, after a certain period from the purchase date.

MOVING FROM CLASS B TO CLASS A SHARES -- Under the right of reinvestment
policy as described in the prospectus, if you redeem Class B shares during
the contingent deferred sales charge period, you may reinvest the proceeds
in Class A shares without paying a Class A sales charge if you notify
American Funds Service Company and the reinvestment occurs within 90 days
after the date of redemption and is made into the same account from which
you redeemed the shares. If you redeem your Class B shares after the
contingent deferred sales charge period, you may either reinvest the
proceeds in Class B shares or purchase Class A shares. If you purchase
Class A shares, you are responsible for paying any applicable Class A sales
charges.

MOVING FROM CLASS C TO CLASS A SHARES -- If you redeem Class C shares and
with the redemption proceeds purchase Class A shares, you are still
responsible for paying any Class C contingent deferred sales charges and
applicable Class A sales charges.

MOVING FROM CLASS C TO CLASS F SHARES -- If you are part of a qualified
fee-based program and you wish to redeem your Class C shares and with the
redemption proceeds purchase Class F shares for the program, you are still
responsible for paying any applicable Class C contingent deferred sales
charge.

MOVING FROM CLASS F TO CLASS A SHARES -- You can redeem Class F shares held
in a qualified fee-based program and with the redemption proceeds purchase
Class A shares without paying an initial Class A sales charge if all of the
following are met: (a) you are leaving or have left the fee-based program,
(b) you have held the Class F shares in the program for at least one year,
and (c) you notify American Funds Service Company and purchase the Class A
shares within 90 days after redeeming the Class F shares.

MOVING FROM CLASS A TO CLASS F SHARES -- If you are part of a qualified
fee-based program and you wish to redeem your Class A shares and with the
redemption proceeds purchase Class F shares for the program, any Class A
sales charges (including contingent deferred sales charges) that you paid
or are payable will not be credited back to your account.

MOVING FROM CLASS A TO CLASS R SHARES -- Provided it is eligible to invest
in Class R shares, a retirement plan currently invested in Class A shares
may redeem its shares and purchase Class R shares with the redemption
proceeds. Any Class A sales charges that the retirement plan previously
paid will not be credited back to the plan's account.

MOVING BETWEEN OTHER SHARE CLASSES -- If you desire to move your
investment between share classes and the transaction is not described in
this statement of additional information, please contact American Funds
Service Company at 800/421-0180 for information on the transaction.

NON-REPORTABLE TRANSACTIONS -- As described above, automatic conversions
will be non-reportable for tax purposes. In addition, except in the case of
a movement between a 529 share class and a non-529 share class or vice
versa, an exchange of shares from one share class of a fund to another
share class of the same fund will be treated as a non-reportable exchange
for tax purposes, provided that the exchange request is received in writing
by American Funds Service Company and processed as a single transaction.

SALES CHARGES

CLASS A PURCHASES

PURCHASES BY CERTAIN 403(B) PLANS

Individual 403(b) plans may be treated similarly to employer-sponsored
plans for Class A sales charge purposes (i.e., individual participant
accounts are eligible to be aggregated together) if: (a) the American Funds
are principal investment options; (b) the employer facilitates the
enrollment process by, for example, allowing for onsite group enrollment

New Perspective Fund -- Page 40
<PAGE>

meetings held during working hours; and (c) there is only one dealer firm
assigned to the plans.

OTHER PURCHASES

Pursuant to a determination of eligibility by a vice president or more
senior officer of the Capital Research and Management Company Fund
Administration Unit, or by his or her designee, Class A shares of the
American Funds stock, stock/bond and bond funds may be sold at net asset
value to:

(1) current or retired directors, trustees, officers and advisory board
members of, and certain lawyers who provide services to, the funds
managed by Capital Research and Management Company, current or retired
employees of Washington Management Corporation, current or retired
employees and partners of The Capital Group Companies, Inc. and its
affiliated companies, certain family members and employees of the
above persons, and trusts or plans primarily for such persons;

(2) currently registered representatives and assistants directly employed
by such representatives, retired registered representatives with
respect to accounts established while active, or full-time employees
(collectively, "Eligible Persons") (and their (a) spouses or
equivalents if recognized under local law, (b) parents and children,
including parents and children in step and adoptive relationships,
sons-in-law and daughters-in-law, and (c) parents-in-law, if the
Eligible Persons or the spouses, children or parents of the Eligible
Persons are listed in the account registration with the
parents-in-law) of dealers who have sales agreements with the
Principal Underwriter (or who clear transactions through such
dealers), plans for the dealers, and plans that include as
participants only the Eligible Persons, their spouses, parents and/or
children;

(3) currently registered investment advisers ("RIAs") and assistants
directly employed by such RIAs, retired RIAs with respect to accounts
established while active, or full-time employees (collectively,
"Eligible Persons") (and their (a) spouses or equivalents if
recognized under local law, (b) parents and children, including
parents and children in step and adoptive relationships, sons-in-law
and daughters-in-law and (c) parents-in-law, if the Eligible Persons
or the spouses, children or parents of the Eligible Persons are listed
in the account registration with the parents-in-law) of RIA firms that
are authorized to sell shares of the funds, plans for the RIA firms,
and plans that include as participants only the Eligible Persons,
their spouses, parents and/or children;

(4) companies exchanging securities with the fund through a merger,
acquisition or exchange offer;

(5) insurance company separate accounts;

(6) accounts managed by subsidiaries of The Capital Group Companies, Inc.;

(7) The Capital Group Companies, Inc., its affiliated companies and
Washington Management Corporation;

(8) an individual or entity with a substantial business relationship with
The Capital Group Companies, Inc. or its affiliates, or an individual
or entity related or relating to such individual or entity;

New Perspective Fund -- Page 41
<PAGE>

(9) wholesalers and full-time employees directly supporting wholesalers
involved in the distribution of insurance company separate accounts
whose underlying investments are managed by any affiliate of The
Capital Group Companies, Inc.; and

(10) full-time employees of banks that have sales agreements with the
Principal Underwriter, who are solely dedicated to directly supporting
the sale of mutual funds.

Shares are offered at net asset value to these persons and organizations
due to anticipated economies in sales effort and expense. Once an account
is established under this net asset value privilege, additional investments
can be made at net asset value for the life of the account.

TRANSFERS TO COLLEGEAMERICA -- A transfer from the Virginia Prepaid
Education Program/SM/ or the Virginia Education Savings Trust/SM/ to a
CollegeAmerica account will be made with no sales charge. No commission
will be paid to the dealer on such a transfer.

MOVING BETWEEN ACCOUNTS -- Investments in certain account types may be moved to
other account types without incurring additional Class A sales charges. These
transactions include, for example:

. redemption proceeds from a non-retirement account (for example, a
joint tenant account) used to purchase fund shares in an IRA or other
individual-type retirement account;

. required minimum distributions from an IRA or other individual-type
retirement account used to purchase fund shares in a non-retirement
account; and

. death distributions paid to a beneficiary's account that are used by
the beneficiary to purchase fund shares in a different account.

LOAN REPAYMENTS -- Repayments on loans taken from a retirement plan or an
individual-type retirement account are not subject to sales charges if American
Funds Service Company is notified of the repayment.

DEALER COMMISSIONS AND COMPENSATION -- Commissions (up to 1.00%) are paid to
dealers who initiate and are responsible for certain Class A share purchases not
subject to sales charges. These purchases consist of purchases of $1 million or
more, purchases by employer-sponsored defined contribution-type retirement plans
investing $1 million or more or with 100 or more eligible employees, and
purchases made at net asset value by certain retirement plans, endowments and
foundations with assets of $50 million or more. Commissions on such investments
(other than IRA rollover assets that roll over at no sales charge under the
fund's IRA rollover policy as described in the prospectus) are paid to dealers
at the following rates: 1.00% on amounts to $4 million, 0.50% on amounts over $4
million to $10 million and 0.25% on amounts over $10 million. Commissions are
based on cumulative investments and are not annually reset.

A dealer concession of up to 1% may be paid by the fund under its Class A plan
of distribution to reimburse the Principal Underwriter in connection with dealer
and wholesaler compensation paid by it with respect to investments made with no
initial sales charge.

SALES CHARGE REDUCTIONS AND WAIVERS

REDUCING YOUR CLASS A SALES CHARGE -- As described in the prospectus, there are
various ways to reduce your sales charge when purchasing Class A shares.
Additional information about Class A sales charge reductions is provided below.

STATEMENT OF INTENTION -- By establishing a statement of intention (the
"Statement"), you enter into a nonbinding commitment to purchase shares of
American Funds non-money market funds over a 13-month period and receive
the same sales charge (expressed as a percentage of your purchases) as if
all shares had been purchased at once.

The market value of your existing holdings eligible to be aggregated (see
below) as of the day immediately before the start of the Statement period
may be credited toward satisfying the Statement.

The Statement may be revised upward at any time during the Statement
period, and such a revision will be treated as a new Statement, except that
the Statement period during

New Perspective Fund -- Page 42
<PAGE>

which the purchases must be made will remain unchanged. Purchases made from
the date of revision will receive the reduced sales charge, if any,
resulting from the revised Statement.

The Statement will be considered completed if the shareholder dies within
the 13-month Statement period. Commissions to dealers will not be adjusted
or paid on the difference between the Statement amount and the amount
actually invested before the shareholder's death.

When a shareholder elects to use a Statement, shares equal to 5% of the
dollar amount specified in the Statement may be held in escrow in the
shareholder's account out of the initial purchase (or subsequent purchases,
if necessary) by the Transfer Agent. All dividends and any capital gain
distributions on shares held in escrow will be credited to the
shareholder's account in shares (or paid in cash, if requested). If the
intended investment is not completed within the specified Statement period,
the purchaser may be required to remit to the Principal Underwriter the
difference between the sales charge actually paid and the sales charge
which would have been paid if the total of such purchases had been made at
a single time. Any dealers assigned to the shareholder's account at the
time a purchase was made during the Statement period will receive a
corresponding commission adjustment if appropriate. If the difference is
not paid by the close of the Statement period, the appropriate number of
shares held in escrow will be redeemed to pay such difference. If the
proceeds from this redemption are inadequate, the purchaser may be liable
to the Principal Underwriter for the balance still outstanding.

Certain payroll deduction retirement plans purchasing Class A shares under
a Statement on or before November 12, 2006, may continue to purchase Class
A shares at the sales charge determined by that particular Statement until
the plans' values reach the amounts specified in their Statements. Upon
reaching such amounts, the Statements for these plans will be deemed
completed and will terminate at that time. After such termination, these
plans are eligible for additional sales charge reductions by meeting the
criteria under the fund's rights of accumulation policy.

In addition, if you currently have individual holdings in American Legacy
variable annuity contracts or variable life insurance policies that were
established on or before March 31, 2007, you may continue to apply
purchases under such contracts and policies to a statement of intention.

Shareholders purchasing shares at a reduced sales charge under a Statement
indicate their acceptance of these terms and those in the prospectus with
their first purchase.

AGGREGATION -- Qualifying investments for aggregation include those made by
you and your "immediate family" as defined in the prospectus, if all
parties are purchasing shares for their own accounts and/or:

. individual-type employee benefit plans, such as an IRA, individual
403(b) plan (see exception in "Purchases by certain 403(b) plans"
under "Sales charges") or single-participant Keogh-type plan;

. business accounts solely controlled by you or your immediate family
(for example, you own the entire business);

. trust accounts established by you or your immediate family (for trusts
with only one primary beneficiary, upon the trustor's death the trust
account may be aggregated with such beneficiary's own accounts; for
trusts with multiple primary beneficiaries, upon the trustor's death
the trustees of the trust may instruct American Funds Service Company
to establish separate trust accounts for each

New Perspective Fund -- Page 43
<PAGE>

primary beneficiary; each primary beneficiary's separate trust account
may then be aggregated with such beneficiary's own accounts);

. endowments or foundations established and controlled by you or your
immediate family;

. 529 accounts, which will be aggregated at the account owner level
(Class 529-E accounts may only be aggregated with an eligible employer
plan).

Individual purchases by a trustee(s) or other fiduciary(ies) may also be
aggregated if the investments are:

. for a single trust estate or fiduciary account, including employee
benefit plans other than the individual-type employee benefit plans
described above;

. made for two or more employee benefit plans of a single employer or of
affiliated employers as defined in the 1940 Act, excluding the
individual-type employee benefit plans described above;

. for a diversified common trust fund or other diversified pooled
account not specifically formed for the purpose of accumulating fund
shares;

. for nonprofit, charitable or educational organizations, or any
endowments or foundations established and controlled by such
organizations, or any employer-sponsored retirement plans established
for the benefit of the employees of such organizations, their
endowments, or their foundations; or

. for individually established participant accounts of a 403(b) plan
that is treated similarly to an employer-sponsored plan for sales
charge purposes (see "Purchases by certain 403(b) plans" under "Sales
charges" above), or made for two or more such 403(b) plans that are
treated similarly to employer-sponsored plans for sales charge
purposes, in each case of a single employer or affiliated employers as
defined in the 1940 Act.

Purchases made for nominee or street name accounts (securities held in the
name of an investment dealer or another nominee such as a bank trust
department instead of the customer) may not be aggregated with those made
for other accounts and may not be aggregated with other nominee or street
name accounts unless otherwise qualified as described above.

CONCURRENT PURCHASES -- As described in the prospectus, you may reduce your
Class A sales charge by combining purchases of all classes of shares in the
American Funds, as well as individual holdings in Endowments. Shares of
money market funds purchased through an exchange, reinvestment or
cross-reinvestment from a fund having a sales charge also qualify. However,
direct purchases of American Funds money market funds are excluded. If you
currently have individual holdings in American Legacy variable annuity
contracts or variable life insurance policies that were established on or
before March 31, 2007, you may continue to combine purchases made under
such contracts and policies to reduce your Class A sales charge.

RIGHTS OF ACCUMULATION -- Subject to the limitations described in the
aggregation policy, you may take into account your accumulated holdings in
all share classes of the American Funds, as well as your holdings in
Endowments, to determine your sales charge on investments in accounts
eligible to be aggregated. Direct purchases of American Funds money market
funds are excluded. Subject to your investment dealer's or recordkeeper's
capabilities, your accumulated holdings will be calculated as the higher of
(a) the current value of your existing holdings (the "market value") or (b)
the amount you invested (including reinvested dividends and capital gains,
but excluding capital appreciation) less any withdrawals (the "cost
value"). Depending on the entity on whose books your account is held, the
value of your holdings in that account may not be eligible for calculation
at cost value. For example, accounts held in nominee or street name may not
be eligible for calculation at cost value and instead may be calculated at
market value for purposes of rights of accumulation.

New Perspective Fund -- Page 44
<PAGE>

The value of all of your holdings in accounts established in calendar year
2005 or earlier will be assigned an initial cost value equal to the market
value of those holdings as of the last business day of 2005. Thereafter,
the cost value of such accounts will increase or decrease according to
actual investments or withdrawals. You must contact your financial adviser
or American Funds Service Company if you have additional information that
is relevant to the calculation of the value of your holdings.
When determining your American Funds Class A sales charge, if your
investment is not in an employer-sponsored retirement plan, you may also
continue to take into account the market value (as of the day prior to your
American Funds investment) of your individual holdings in various American
Legacy variable annuity contracts and variable life insurance policies that
were established on or before March 31, 2007. An employer-sponsored
retirement plan may also continue to take into account the market value of
its investments in American Legacy Retirement Investment Plans that were
established on or before March 31, 2007.

You may not purchase Class B or 529-B shares if your combined American
Funds and applicable American Legacy holdings cause you to be eligible to
purchase Class A or 529-A shares at the $100,000 or higher sales charge
discount rate, and you may not purchase Class C or 529-C shares if such
combined holdings cause you to be eligible to purchase Class A or 529-A
shares at the $1 million or more sales charge discount rate (i.e. at net
asset value).

If you make a gift of American Funds Class A shares, upon your request, you
may purchase the shares at the sales charge discount allowed under rights
of accumulation of all of your American Funds and applicable American
Legacy accounts.

CDSC WAIVERS FOR CLASS A, B AND C SHARES -- As noted in the prospectus, a
contingent deferred sales charge ("CDSC") may be waived for redemptions due to
death or postpurchase disability of a shareholder (this generally excludes
accounts registered in the names of trusts and other entities). In the case of
joint tenant accounts, if one joint tenant dies, a surviving joint tenant, at
the time he or she notifies the Transfer Agent of the other joint tenant's death
and removes the decedent's name from the account, may redeem shares from the
account without incurring a CDSC. Redemptions made after the Transfer Agent is
notified of the death of a joint tenant will be subject to a CDSC.

In addition, a CDSC may be waived for the following types of transactions, if
together they do not exceed 12% of the value of an "account" (defined below)
annually (the "12% limit"):

. Required minimum distributions taken from retirement accounts upon the
shareholder's attainment of age 70-1/2 (required minimum distributions
that continue to be taken by the beneficiary(ies) after the account
owner is deceased also qualify for a waiver).

. Redemptions through a systematic withdrawal plan (SWP) (see "Automatic
withdrawals" under "Shareholder account services and privileges"
below). For each SWP payment, assets that are not subject to a CDSC,
such as appreciation on shares and shares acquired through
reinvestment of dividends and/or capital gain distributions, will be
redeemed first and will count toward the 12% limit. If there is an
insufficient amount of assets not subject to a CDSC to cover a
particular SWP payment, shares subject to the lowest CDSC will be
redeemed next until the 12% limit is reached. Any dividends and/or
capital gain distributions

New Perspective Fund -- Page 45
<PAGE>

taken in cash by a shareholder who receives payments through a SWP
will also count toward the 12% limit. In the case of a SWP, the 12%
limit is calculated at the time a systematic redemption is first made,
and is recalculated at the time each additional systematic redemption
is made. Shareholders who establish a SWP should be aware that the
amount of a payment not subject to a CDSC may vary over time depending
on fluctuations in the value of their accounts. This privilege may be
revised or terminated at any time.

For purposes of this paragraph, "account" means:

. in the case of Class A shares, your investment in Class A shares of
all American Funds (investments representing direct purchases of
American Funds money market funds are excluded);

. in the case of Class B shares, your investment in Class B shares of
the particular fund from which you are making the redemption; and

. in the case of Class C shares, your investment in Class C shares of
the particular fund from which you are making the redemption.

CDSC waivers are allowed only in the cases listed here and in the prospectus.
For example, CDSC waivers will not be allowed on redemptions of Class 529-B and
529-C shares due to termination of CollegeAmerica; a determination by the
Internal Revenue Service that CollegeAmerica does not qualify as a qualified
tuition program under the Code; proposal or enactment of law that eliminates or
limits the tax-favored status of CollegeAmerica; or elimination of the fund by
the Virginia College Savings Plan as an option for additional investment within
CollegeAmerica.

SELLING SHARES

The methods for selling (redeeming) shares are described more fully in the
prospectus. If you wish to sell your shares by contacting American Funds Service
Company directly, any such request must be signed by the registered
shareholders. To contact American Funds Service Company via overnight mail or
courier service, see "Purchase and exchange of shares."

A signature guarantee may be required for certain redemptions. In such an event,
your signature may be guaranteed by a domestic stock exchange or the National
Association of Securities Dealers, Inc., bank, savings association or credit
union that is an eligible guarantor institution. The Transfer Agent reserves the
right to require a signature guarantee on any redemptions.

Additional documentation may be required for sales of shares held in corporate,
partnership or fiduciary accounts. You must include with your written request
any shares you wish to sell that are in certificate form.

If you sell Class A, B or C shares and request a specific dollar amount to be
sold, we will sell sufficient shares so that the sale proceeds, after deducting
any applicable CDSC, equals the dollar amount requested.

Redemption proceeds will not be mailed until sufficient time has passed to
provide reasonable assurance that checks or drafts (including certified or
cashier's checks) for shares purchased have cleared (which may take up to 10
business days from the purchase date). Except for delays relating to clearance
of checks for share purchases or in extraordinary circumstances (and as

New Perspective Fund -- Page 46
<PAGE>

permissible under the 1940 Act), sale proceeds will be paid on or before the
seventh day following receipt and acceptance of an order. Interest will not
accrue or be paid on amounts that represent uncashed distribution or redemption
checks.

You may request that redemption proceeds of $1,000 or more from money market
funds be wired to your bank by writing American Funds Service Company. A
signature guarantee is required on all requests to wire funds.

SHAREHOLDER ACCOUNT SERVICES AND PRIVILEGES

The following services and privileges are generally available to all
shareholders. However, certain services and privileges may not be available for
Class 529 shareholders or if your account is held with an investment dealer or
through an employer-sponsored retirement plan.

AUTOMATIC INVESTMENT PLAN -- An automatic investment plan enables you to make
monthly or quarterly investments in the American Funds through automatic debits
from your bank account. To set up a plan, you must fill out an account
application and specify the amount that you would like to invest and the date
on which you would like your investments to occur. The plan will begin within
30 days after your account application is received. Your bank account will be
debited on the day or a few days before your investment is made, depending on
the bank's capabilities. The Transfer Agent will then invest your money into
the fund you specified on or around the date you specified. If the date you
specified falls on a weekend or holiday, your money will be invested on the
following business day. However, if the following business day falls in the
next month, your money will be invested on the business day immediately
preceding the weekend or holiday. If your bank account cannot be debited due to
insufficient funds, a stop-payment or the closing of the account, the plan may
be terminated and the related investment reversed. You may change the amount of
the investment or discontinue the plan at any time by contacting the Transfer
Agent.

AUTOMATIC REINVESTMENT -- Dividends and capital gain distributions are
reinvested in additional shares of the same class and fund at net asset value
unless you indicate otherwise on the account application. You also may elect to
have dividends and/or capital gain distributions paid in cash by informing the
fund, the Transfer Agent or your investment dealer. Dividends and capital gain
distributions paid to retirement plan shareholders or shareholders of the 529
share classes will be automatically reinvested.

If you have elected to receive dividends and/or capital gain distributions in
cash, and the postal or other delivery service is unable to deliver checks to
your address of record, or you do not respond to mailings from American Funds
Service Company with regard to uncashed distribution checks, your distribution
option will automatically be converted to having all dividends and other
distributions reinvested in additional shares.

CROSS-REINVESTMENT OF DIVIDENDS AND DISTRIBUTIONS -- For all share classes,
except the 529 classes of shares, you may cross-reinvest dividends and capital
gains (distributions) into other American Funds in the same share class at net
asset value, subject to the following conditions:

(1) the aggregate value of your account(s) in the fund(s) paying distributions
equals or exceeds $5,000 (this is waived if the value of the account in the fund
receiving the distributions equals or exceeds that fund's minimum initial
investment requirement);

New Perspective Fund -- Page 47
<PAGE>

(2) if the value of the account of the fund receiving distributions is below
the minimum initial investment requirement, distributions must be automatically
reinvested; and

(3) if you discontinue the cross-reinvestment of distributions, the value of
the account of the fund receiving distributions must equal or exceed the minimum
initial investment requirement. If you do not meet this requirement within 90
days of notification, the fund has the right to automatically redeem the
account.

AUTOMATIC EXCHANGES -- For all share classes, you may automatically exchange
shares of the same class in amounts of $50 or more among any of the American
Funds on any day (or preceding business day if the day falls on a nonbusiness
day) of each month you designate.

AUTOMATIC WITHDRAWALS -- For all share classes, except the R and 529 classes of
shares, you may automatically withdraw shares from any of the American Funds.
You can make automatic withdrawals of $50 or more as often as you wish if your
account is worth at least $10,000, or up to four times a year for an account
worth at least $5,000. You can designate the day of each period for withdrawals
and request that checks be sent to you or someone else. Withdrawals may also be
electronically deposited to your bank account. The Transfer Agent will withdraw
your money from the fund you specify on or around the date you specify. If the
date you specified falls on a weekend or holiday, the redemption will take place
on the previous business day. However, if the previous business day falls in the
preceding month, the redemption will take place on the following business day
after the weekend or holiday.

Withdrawal payments are not to be considered as dividends, yield or income.
Generally, automatic investments may not be made into a shareholder account
from which there are automatic withdrawals. Withdrawals of amounts exceeding
reinvested dividends and distributions and increases in share value would
reduce the aggregate value of the shareholder's account. The Transfer Agent
arranges for the redemption by the fund of sufficient shares, deposited by
the shareholder with the Transfer Agent, to provide the withdrawal payment
specified.

ACCOUNT STATEMENTS -- Your account is opened in accordance with your
registration instructions. Transactions in the account, such as additional
investments, will be reflected on regular confirmation statements from the
Transfer Agent. Dividend and capital gain reinvestments, purchases through
automatic investment plans and certain retirement plans, as well as automatic
exchanges and withdrawals will be confirmed at least quarterly.

AMERICAN FUNDSLINE AND AMERICANFUNDS.COM -- You may check your share balance,
the price of your shares or your most recent account transaction; redeem shares
(up to $75,000 per American Funds shareholder each day) from nonretirement plan
accounts; or exchange shares around the clock with American FundsLine or using
americanfunds.com. To use American FundsLine, call 800/325-3590 from a
TouchTone(TM) telephone. Redemptions and exchanges through American FundsLine
and americanfunds.com are subject to the conditions noted above and in
"Telephone and Internet purchases, redemptions and exchanges" below. You will
need your fund number (see the list of the American Funds under "General
information -- fund numbers"), personal identification number (generally the
last four digits of your Social Security number or other tax identification
number associated with your account) and account number.

New Perspective Fund -- Page 48
<PAGE>

Generally, all shareholders are automatically eligible to use these services.
However, if you are not currently authorized to do so, you may complete an
American FundsLink Authorization Form. Once you establish this privilege, you,
your financial adviser or any person with your account information may use these
services.

TELEPHONE AND INTERNET PURCHASES, REDEMPTIONS AND EXCHANGES -- By using the
telephone (including American FundsLine) or the Internet (including
americanfunds.com), or fax purchase, redemption and/or exchange options, you
agree to hold the fund, the Transfer Agent, any of its affiliates or mutual
funds managed by such affiliates, and each of their respective directors,
trustees, officers, employees and agents harmless from any losses, expenses,
costs or liability (including attorney fees) that may be incurred in connection
with the exercise of these privileges. Generally, all shareholders are
automatically eligible to use these services. However, you may elect to opt out
of these services by writing the Transfer Agent (you may also reinstate them at
any time by writing the Transfer Agent). If the Transfer Agent does not employ
reasonable procedures to confirm that the instructions received from any person
with appropriate account information are genuine, it and/or the fund may be
liable for losses due to unauthorized or fraudulent instructions. In the event
that shareholders are unable to reach the fund by telephone because of technical
difficulties, market conditions or a natural disaster, redemption and exchange
requests may be made in writing only.

CHECKWRITING -- You may establish check writing privileges for Class A shares
(but not Class 529-A shares) of American Funds money market funds. This can be
done by using an account application. If you request check writing privileges,
you will be provided with checks that you may use to draw against your account.
These checks may be made payable to anyone you designate and must be signed by
the authorized number of registered shareholders exactly as indicated on your
account application.

REDEMPTION OF SHARES -- The fund's Articles of Incorporation permit the fund to
direct the Transfer Agent to redeem the shares of any shareholder for their then
current net asset value per share if at such time the shareholder of record owns
shares having an aggregate net asset value of less than the minimum initial
investment amount required of new shareholders as set forth in the fund's
current registration statement under the 1940 Act, and subject to such further
terms and conditions as the board of directors of the fund may from time to time
adopt.

While payment of redemptions normally will be in cash, the fund's Articles of
Incorporation permit payment of the redemption price wholly or partly in
securities or other property included in the assets belonging to the fund when
in the opinion of the fund's board of directors, which shall be conclusive,
conditions exist which make payment wholly in cash unwise or undesirable.

SHARE CERTIFICATES -- Shares are credited to your account and certificates are
not issued unless you request them by contacting the Transfer Agent.
Certificates are not available for the 529 or R share classes.

GENERAL INFORMATION

CUSTODIAN OF ASSETS -- Securities and cash owned by the fund, including proceeds
from the sale of shares of the fund and of securities in the fund's portfolio,
are held by JPMorgan Chase Bank, 270 Park Avenue, New York, NY 10017-2070, as
Custodian. If the fund holds non-U.S. securities, the Custodian may hold these
securities pursuant to subcustodial arrangements in non-U.S. banks or non-U.S.
branches of U.S. banks.

New Perspective Fund -- Page 49
<PAGE>

TRANSFER AGENT -- American Funds Service Company, a wholly owned subsidiary of
the investment adviser, maintains the records of shareholder accounts, processes
purchases and redemptions of the fund's shares, acts as dividend and capital
gain distribution disbursing agent, and performs other related shareholder
service functions. The principal office of American Funds Service Company is
located at 135 South State College Boulevard, Brea, CA 92821-5823. American
Funds Service Company was paid a fee of $34,468,000 for Class A shares and
$1,636,000 for Class B shares for the 2006 fiscal year. American Funds Service
Company is also compensated for certain transfer agency services provided to all
other share classes from the administrative services fees paid to Capital
Research and Management Company, as described under "Administrative services
agreement."

In the case of certain shareholder accounts, third parties who may be
unaffiliated with the investment adviser provide transfer agency and shareholder
services in place of American Funds Service Company. These services are rendered
under agreements with American Funds Service Company or its affiliates and the
third parties receive compensation according to such agreements. Compensation
for transfer agency and shareholder services, whether paid to American Funds
Service Company or such third parties, is ultimately paid from fund assets and
is reflected in the expenses of the fund as disclosed in the prospectus.

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM -- PricewaterhouseCoopers LLP, 350
South Grand Avenue, Los Angeles, CA 90071, serves as the fund's independent
registered public accounting firm, providing audit services, preparation of tax
returns and review of certain documents to be filed with the Securities and
Exchange Commission. The financial statements included in this statement of
additional information from the annual report have been so included in reliance
on the report of PricewaterhouseCoopers LLP, independent registered public
accounting firm, given on the authority of said firm as experts in accounting
and auditing. The selection of the fund's independent registered public
accounting firm is reviewed and determined annually by the board of directors.

INDEPENDENT LEGAL COUNSEL -- Kirkpatrick & Lockhart Nicholson Graham LLP, Four
Embarcadero Center, 10th Floor, San Francisco, CA 94111, serves as counsel for
the fund and for independent directors in their capacities as such. Counsel does
not provide legal services to the fund's investment adviser, but provides an
insignificant amount of legal services unrelated to the operations of the fund
to an investment adviser affiliate. A determination with respect to the
independence of the fund's "independent legal counsel" will be made at least
annually by the independent directors of the fund, as prescribed by the 1940 Act
and related rules.

PROSPECTUSES, REPORTS TO SHAREHOLDERS AND PROXY STATEMENTS -- The fund's fiscal
year ends on September 30. Shareholders are provided updated prospectuses
annually and at least semiannually with reports showing the fund's investment
portfolio or summary investment portfolio, financial statements and other
information. The fund's annual financial statements are audited by the fund's
independent registered public accounting firm, PricewaterhouseCoopers LLP. In
addition, shareholders may also receive proxy statements for the fund. In an
effort to reduce the volume of mail shareholders receive from the fund when a
household owns more than one account, the Transfer Agent has taken steps to
eliminate duplicate mailings of prospectuses, shareholder reports and proxy
statements. To receive additional copies of a prospectus, report or proxy
statement, shareholders should contact the Transfer Agent.

New Perspective Fund -- Page 50
<PAGE>

CODES OF ETHICS -- The fund and Capital Research and Management Company and its
affiliated companies, including the fund's Principal Underwriter, have adopted
codes of ethics that allow for personal investments, including securities in
which the fund may invest from time to time. These codes include a ban on
acquisitions of securities pursuant to an initial public offering; restrictions
on acquisitions of private placement securities; preclearance and reporting
requirements; review of duplicate confirmation statements; annual
recertification of compliance with codes of ethics; blackout periods on personal
investing for certain investment personnel; ban on short-term trading profits
for investment personnel; limitations on service as a director of publicly
traded companies; and disclosure of personal securities transactions.

LEGAL PROCEEDINGS -- On February 16, 2005, the NASD filed an administrative
complaint against the Principal Underwriter. The complaint alleges violations of
certain NASD rules by the Principal Underwriter with respect to the selection of
broker-dealer firms that buy and sell securities for mutual fund investment
portfolios. The complaint seeks sanctions, restitution and disgorgement. On
August 30, 2006, the NASD Hearing Panel ruled against the Principal Underwriter
and imposed a $5 million fine. The Principal Underwriter has appealed this
decision to the NASD's National Adjudicatory Council.

On March 24, 2005, the investment adviser and Principal Underwriter filed a
complaint against the Attorney General of the State of California in Los Angeles
County Superior Court. The complaint alleged that the Attorney General
threatened to take enforcement actions against the investment adviser and
Principal Underwriter that are without merit and preempted by federal law. On
the same day, following the filing of the investment adviser's and Principal
Underwriter's complaint, the Attorney General of the State of California filed a
complaint against the Principal Underwriter and investment adviser. Filed in Los
Angeles County Superior Court, the Attorney General's complaint alleged
violations of certain sections of the California Corporations Code with respect
to so-called "revenue sharing" disclosures in mutual fund prospectuses and
statements of additional information. On November 22, 2005, the Los Angeles
Superior Court dismissed the Attorney General's complaint. The Attorney General
subsequently appealed the Superior Court's decision to California's Court of
Appeal for the Second Appellate District. On January 26, 2007, the Court of
Appeal issued a ruling allowing the California Attorney General to proceed with
his civil action.

The investment adviser and Principal Underwriter believe that the likelihood
that these matters could have a material adverse effect on the fund or on the
ability of the investment adviser or Principal Underwriter to perform their
contracts with the fund is remote. The SEC is conducting a related investigation
as of the date of this statement of additional information. The investment
adviser and Principal Underwriter are cooperating fully. In addition, class
action lawsuits have been filed in the U.S. District Court, Central District of
California, relating to these matters. The investment adviser believes that
these suits are without merit and will defend itself vigorously. Further updates
on these issues will be available on the American Funds website
(americanfunds.com) under "American Funds regulatory matters."

OTHER INFORMATION -- The fund reserves the right to modify the privileges
described in this statement of additional information at any time.

The financial statements including the investment portfolio and the report of
the fund's independent registered public accounting firm contained in the
annual report are included in this statement of additional information. The
following information is not included in the annual report:

New Perspective Fund -- Page 51
<PAGE>

DETERMINATION OF NET ASSET VALUE, REDEMPTION PRICE AND MAXIMUM OFFERING PRICE
PER SHARE FOR CLASS A SHARES -- SEPTEMBER 30, 2006

Net asset value and redemption price per share
(Net assets divided by shares outstanding). . $31.73
Maximum offering price per share
(100/94.25 of net asset value per share,
which takes into account the fund's current maximum
sales charge). . . . . . . . . . . . . . . . $33.68

FUND NUMBERS -- Here are the fund numbers for use with our automated telephone
line, American FundsLine/(R)/, or when making share transactions:

FUND NUMBERS
------------------------------------
FUND CLASS A CLASS B CLASS C CLASS F
-----------------------------------------------------------------------------------------------------

STOCK AND STOCK/BOND FUNDS
AMCAP Fund/(R)/ . . . . . . . . . . . . . . . . . . . . . . . 002 202 302 402
American Balanced Fund/(R)/ . . . . . . . . . . . . . . . . . 011 211 311 411
American Mutual Fund/(R)/ . . . . . . . . . . . . . . . . . . 003 203 303 403
Capital Income Builder/(R)/ . . . . . . . . . . . . . . . . . 012 212 312 412
Capital World Growth and Income Fund/SM/ . . . . . . . . . . . 033 233 333 433
EuroPacific Growth Fund/(R)/ . . . . . . . . . . . . . . . . . 016 216 316 416
Fundamental Investors/SM/ . . . . . . . . . . . . . . . . . . 010 210 310 410
The Growth Fund of America/(R)/ . . . . . . . . . . . . . . . 005 205 305 405
The Income Fund of America/(R)/ . . . . . . . . . . . . . . . 006 206 306 406
The Investment Company of America/(R)/ . . . . . . . . . . . . 004 204 304 404
The New Economy Fund/(R)/ . . . . . . . . . . . . . . . . . . 014 214 314 414
New Perspective Fund/(R)/ . . . . . . . . . . . . . . . . . . 007 207 307 407
New World Fund/SM/ . . . . . . . . . . . . . . . . . . . . . . 036 236 336 436
SMALLCAP World Fund/(R)/ . . . . . . . . . . . . . . . . . . . 035 235 335 435
Washington Mutual Investors Fund/SM/ . . . . . . . . . . . . . 001 201 301 401
BOND FUNDS
American High-Income Municipal Bond Fund/(R)/ . . . . . . . . 040 240 340 440
American High-Income Trust/SM/ . . . . . . . . . . . . . . . . 021 221 321 421
The Bond Fund of America/SM/ . . . . . . . . . . . . . . . . . 008 208 308 408
Capital World Bond Fund/(R)/ . . . . . . . . . . . . . . . . . 031 231 331 431
Intermediate Bond Fund of America/SM/ . . . . . . . . . . . . 023 223 323 423
Limited Term Tax-Exempt Bond Fund of America/SM/ . . . . . . . 043 243 343 443
Short-Term Bond Fund of America/SM/ . . . . . . . . . . . . . 048 248 348 448
The Tax-Exempt Bond Fund of America/(R)/ . . . . . . . . . . . 019 219 319 419
The Tax-Exempt Fund of California/(R)/* . . . . . . . . . . . 020 220 320 420
The Tax-Exempt Fund of Maryland/(R)/* . . . . . . . . . . . . 024 224 324 424
The Tax-Exempt Fund of Virginia/(R)/* . . . . . . . . . . . . 025 225 325 425
U.S. Government Securities Fund/SM/ . . . . . . . . . . . . . 022 222 322 422
MONEY MARKET FUNDS
The Cash Management Trust of America/(R)/ . . . . . . . . . . 009 209 309 409
The Tax-Exempt Money Fund of America/SM/ . . . . . . . . . . . 039 N/A N/A N/A
The U.S. Treasury Money Fund of America/SM/ . . . . . . . . . 049 N/A N/A N/A
___________
*Qualified for sale only in certain jurisdictions.

New Perspective Fund -- Page 52
<PAGE>

FUND NUMBERS
---------------------------------------------
CLASS CLASS CLASS CLASS CLASS
FUND 529-A 529-B 529-C 529-E 529-F
-------------------------------------------------------------------------------

STOCK AND STOCK/BOND FUNDS
AMCAP Fund . . . . . . . . . . 1002 1202 1302 1502 1402
American Balanced Fund . . . . 1011 1211 1311 1511 1411
American Mutual Fund . . . . . 1003 1203 1303 1503 1403
Capital Income Builder . . . . 1012 1212 1312 1512 1412
Capital World Growth and Income
Fund . . . . . . . . . . . . . 1033 1233 1333 1533 1433
EuroPacific Growth Fund . . . . 1016 1216 1316 1516 1416
Fundamental Investors . . . . . 1010 1210 1310 1510 1410
The Growth Fund of America . . 1005 1205 1305 1505 1405
The Income Fund of America . . 1006 1206 1306 1506 1406
The Investment Company of
America . . . . . . . . . . . . 1004 1204 1304 1504 1404
The New Economy Fund . . . . . 1014 1214 1314 1514 1414
New Perspective Fund . . . . . 1007 1207 1307 1507 1407
New World Fund . . . . . . . . 1036 1236 1336 1536 1436
SMALLCAP World Fund . . . . . . 1035 1235 1335 1535 1435
Washington Mutual Investors Fund
. . . . . . . . . . . . . . . 1001 1201 1301 1501 1401
BOND FUNDS
American High-Income Trust . . 1021 1221 1321 1521 1421
The Bond Fund of America . . . 1008 1208 1308 1508 1408
Capital World Bond Fund . . . . 1031 1231 1331 1531 1431
Intermediate Bond Fund of
America . . . . . . . . . . . . 1023 1223 1323 1523 1423
Short-Term Bond Fund of America 1048 1248 1348 1548 1448
U.S. Government Securities Fund 1022 1222 1322 1522 1422
MONEY MARKET FUND
The Cash Management Trust of
America . . . . . . . . . . . . 1009 1209 1309 1509 1409

FUND NUMBERS
----------------------------------------
CLASS CLASS CLASS CLASS CLASS
FUND R-1 R-2 R-3 R-4 R-5
-------------------------------------------------------------------------------

STOCK AND STOCK/BOND FUNDS
AMCAP Fund . . . . . . . . . . . . . 2102 2202 2302 2402 2502
American Balanced Fund . . . . . . . 2111 2211 2311 2411 2511
American Mutual Fund . . . . . . . . 2103 2203 2303 2403 2503
Capital Income Builder . . . . . . . 2112 2212 2312 2412 2512
Capital World Growth and Income Fund 2133 2233 2333 2433 2533
EuroPacific Growth Fund . . . . . . 2116 2216 2316 2416 2516
Fundamental Investors . . . . . . . 2110 2210 2310 2410 2510
The Growth Fund of America . . . . . 2105 2205 2305 2405 2505
The Income Fund of America . . . . . 2106 2206 2306 2406 2506
The Investment Company of America . 2104 2204 2304 2404 2504
The New Economy Fund . . . . . . . . 2114 2214 2314 2414 2514
New Perspective Fund . . . . . . . . 2107 2207 2307 2407 2507
New World Fund . . . . . . . . . . . 2136 2236 2336 2436 2536
SMALLCAP World Fund . . . . . . . . 2135 2235 2335 2435 2535
Washington Mutual Investors Fund . . 2101 2201 2301 2401 2501

New Perspective Fund -- Page 53
<PAGE>

FUND NUMBERS
----------------------------------------
CLASS CLASS CLASS CLASS CLASS
FUND R-1 R-2 R-3 R-4 R-5
-------------------------------------------------------------------------------

BOND FUNDS
American High-Income Municipal Bond
Fund . . . . . . . . . . . . . . . . N/A N/A N/A N/A 2540
American High-Income Trust . . . . . 2121 2221 2321 2421 2521
The Bond Fund of America . . . . . . 2108 2208 2308 2408 2508
Capital World Bond Fund . . . . . . 2131 2231 2331 2431 2531
Intermediate Bond Fund of America . 2123 2223 2323 2423 2523
Limited Term Tax-Exempt Bond Fund of
America. . . . . . . . . . . . . . . N/A N/A N/A N/A 2543
Short-Term Bond Fund of America. . . 2148 2248 2348 2448 2548
The Tax-Exempt Bond Fund of America N/A N/A N/A N/A 2519
The Tax-Exempt Fund of California* . N/A N/A N/A N/A 2520
The Tax-Exempt Fund of Maryland* . . N/A N/A N/A N/A 2524
The Tax-Exempt Fund of Virginia* . . N/A N/A N/A N/A 2525
U.S. Government Securities Fund . . 2122 2222 2322 2422 2522
MONEY MARKET FUNDS
The Cash Management Trust of America 2109 2209 2309 2409 2509
The Tax-Exempt Money Fund of America N/A N/A N/A N/A 2539
The U.S. Treasury Money Fund of
America . . . . . . . . . . . . . . 2149 2249 2349 2449 2549
___________
*Qualified for sale only in certain
jurisdictions.

New Perspective Fund -- Page 54
<PAGE>

APPENDIX

The following descriptions of debt security ratings are based on information
provided by Moody's Investors Service and Standard & Poor's Corporation.

DESCRIPTION OF BOND RATINGS

MOODY'S
LONG-TERM RATING DEFINITIONS

Aaa
Obligations rated Aaa are judged to be of the highest quality, with minimal
credit risk.

Aa
Obligations rated Aa are judged to be of high quality and are subject to very
low credit risk.

A
Obligations rated A are considered upper-medium grade and are subject to low
credit risk.

Baa
Obligations rated Baa are subject to moderate credit risk. They are considered
medium-grade and as such may possess certain speculative characteristics.

Ba
Obligations rated Ba are judged to have speculative elements and are subject to
substantial credit risk.

B
Obligations rated B are considered speculative and are subject to high credit
risk.

Caa
Obligations rated Caa are judged to be of poor standing and are subject to very
high credit risk.

Ca
Obligations rated Ca are highly speculative and are likely in, or very near,
default, with some prospect of recovery of principal and interest.

C
Obligations rated C are the lowest rated class of bonds and are typically in
default, with little prospect for recovery of principal or interest.

NOTE: Moody's appends numerical modifiers 1, 2, and 3 to each generic rating
classification from Aa through Caa. The modifier 1 indicates that the obligation
ranks in the higher end of its generic rating category; the modifier 2 indicates
a mid-range ranking; and the modifier 3 indicates a ranking in the lower end of
that generic rating category.

New Perspective Fund -- Page 55
<PAGE>

STANDARD & POOR'S
LONG-TERM ISSUE CREDIT RATINGS

AAA
An obligation rated AAA has the highest rating assigned by Standard & Poor's.
The obligor's capacity to meet its financial commitment on the obligation is
extremely strong.

AA
An obligation rated AA differs from the highest-rated obligations only in small
degree. The obligor's capacity to meet its financial commitment on the
obligation is very strong.

A
An obligation rated A is somewhat more susceptible to the adverse effects of
changes in circumstances and economic conditions than obligations in
higher-rated categories. However, the obligor's capacity to meet its financial
commitment on the obligation is still strong.

BBB
An obligation rated BBB exhibits adequate protection parameters. However,
adverse economic conditions or changing circumstances are more likely to lead to
a weakened capacity of the obligor to meet its financial commitment on the
obligation.

BB, B, CCC, CC, AND C
Obligations rated BB, B, CCC, CC, and C are regarded as having significant
speculative characteristics. BB indicates the least degree of speculation and C
the highest. While such obligations will likely have some quality and protective
characteristics, these may be outweighed by large uncertainties or major
exposures to adverse conditions.

BB
An obligation rated BB is less vulnerable to nonpayment than other speculative
issues. However, it faces major ongoing uncertainties or exposure to adverse
business, financial, or economic conditions which could lead to the obligor's
inadequate capacity to meet its financial commitment on the obligation.

B
An obligation rated B is more vulnerable to nonpayment than obligations rated
BB, but the obligor currently has the capacity to meet its financial commitment
on the obligation. Adverse business, financial, or economic conditions will
likely impair the obligor's capacity or willingness to meet its financial
commitment on the obligation.

CCC
An obligation rated CCC is currently vulnerable to nonpayment and is dependent
upon favorable business, financial, and economic conditions for the obligor to
meet its financial commitment on the obligation. In the event of adverse
business, financial, or economic conditions, the obligor is not likely to have
the capacity to meet its financial commitment on the obligation.

CC
An obligation rated CC is currently highly vulnerable to nonpayment.

New Perspective Fund -- Page 56
<PAGE>

C
The C rating may be used to cover a situation where a bankruptcy petition has
been filed or similar action has been taken, but payments on this obligation are
being continued.

D
An obligation rated D is in payment default. The D rating category is used when
payments on an obligation are not made on the date due even if the applicable
grace period has not expired, unless Standard & Poor's believes that such
payments will be made during such grace period. The D rating also will be used
upon the filing of a bankruptcy petition or the taking of a similar action if
payments on an obligation are jeopardized.

PLUS (+) OR MINUS (-)
The ratings from AA to CCC may be modified by the addition of a plus or minus
sign to show relative standing within the major rating categories.

New Perspective Fund -- Page 57

Financial statements

Statement of assets and liabilities
at September 30, 2006	(dollars and shares in thousands, except per-share amounts)

Assets:
Investment securities at market (cost: $35,676,331)				$	49,693,037
Cash denominated in non-U.S. currencies
(cost: $18,936)					18,695
Cash					242
Receivables for:
Sales of investments		$	79,099
Sales of fund's shares			63,717
Dividends and interest			60,681		203,497
					49,915,471
Liabilities:
Payables for:
Purchases of investments			235,101
Repurchases of fund's shares			72,798
Investment advisory services			14,009
Services provided by affiliates			15,388
Deferred directors' compensation			3,019
Other fees and expenses			1,116		341,431
Net assets at September 30, 2006				$	49,574,040

Net assets consist of:
Capital paid in on shares of capital stock				$	32,073,706
Undistributed net investment income					580,955
Undistributed net realized gain					2,903,016
Net unrealized appreciation					14,016,363
Net assets at September 30, 2006				$	49,574,040

Total authorized capital stock - 2,000,000 shares, $.001 par value (1,565,523 total shares outstanding)
		Net assets	Shares outstanding		Net asset value per share*

Class A	$	40,517,250	1,276,745	$	31.73
Class B		1,713,600	55,066		31.12
Class C		1,525,838	49,292		30.96
Class F		931,928	29,452		31.64
Class 529-A		593,359	18,785		31.59
Class 529-B		103,284	3,323		31.09
Class 529-C		158,952	5,114		31.08
Class 529-E		34,992	1,116		31.36
Class 529-F		9,553	302		31.59
Class R-1		28,518	920		31.00
Class R-2		465,458	14,993		31.05
Class R-3		890,223	28,416		31.33
Class R-4		682,896	21,653		31.54
Class R-5		1,918,189	60,346		31.79
(*) Maximum offering price and redemption price per share were equal to the net asset value per share for all share classes, except for Class A and 529-A, for which the maximum offering prices per share were $33.68 and $33.52, respectively.

See Notes to Financial Statements

Statement of operations
for the year ended September 30, 2006		(dollars in thousands)

Investment income:
Income:
Dividends (net of non-U.S. taxes of $75,855)	$	886,868
Interest (net of non-U.S. taxes of $6)		193,720		$	1,080,588

Fees and expenses(*):
Investment advisory services		178,932
Distribution services		134,260
Transfer agent services		36,104
Administrative services		10,970
Reports to shareholders		1,450
Registration statement and prospectus		884
Postage, stationery and supplies		3,623
Directors' compensation		776
Auditing and legal		220
Custodian		6,767
State and local taxes		513
Other		166
Total fees and expenses before reimbursements/waivers		374,665
Less reimbursements/waivers of fees and expenses:
Investment advisory services		17,893
Administrative services		384
Total fees and expenses after reimbursements/waivers					356,388
Net investment income					724,200

Net realized gain and unrealized appreciation
on investments and non-U.S. currency:
Net realized gain (loss) on:
Investments		3,318,988
Non-U.S. currency transactions		(13,172	)		3,305,816
Net unrealized appreciation on:
Investments		2,664,584
Non-U.S. currency translations		884			2,665,468
Net realized gain and unrealized appreciation
on investments and non-U.S. currency					5,971,284
Net increase in net assets resulting
from operations				$	6,695,484

(*) Additional information related to class-specific fees and expenses is included in the Notes to Financial Statements.

See Notes to Financial Statements



Statements of changes in net assets		(dollars in thousands)


		Year ended September 30
		2006			2005
Operations:
Net investment income	$	724,200		$	513,048
Net realized gain on investments and
non-U.S. currency transactions		3,305,816			2,613,704
Net unrealized appreciation on investments and
non-U.S. currency translations		2,665,468			3,807,135
Net increase in net assets resulting from operations		6,695,484			6,933,887

Dividends and distributions paid to shareholders:
Dividends from net investment income		(550,179	)		(349,641	)
Distributions from net realized gain on investments		(2,624,465	)		-
Total dividends and distributions paid to shareholders		(3,174,644	)		(349,641	)


Capital share transactions		3,562,812			873,466

Total increase in net assets		7,083,652			7,457,712

Net assets:
Beginning of year		42,490,388			35,032,676
End of year (including undistributed
net investment income: $580,955 and $410,030, respectively)	$	49,574,040		$	42,490,388



See Notes to Financial Statements

(dollars in thousands)
Undistributed ordinary income	$	665,235
Post-October non-U.S. currency loss deferrals (realized during the period November 1, 2005, through September 30, 2006)*		(11,868	)
Undistributed long-term capital gain		2,903,016
Gross unrealized appreciation on investment securities		14,314,212
Gross unrealized depreciation on investment securities		(365,988	)
Net unrealized appreciation on investment securities		13,948,224
Cost of investment securities		35,744,813
*These deferrals are considered incurred in the subsequent year.

	Year ended September 30, 2006						Year ended September 30, 2005
		Ordinary income		Long-term capital gains		Total distributions paid		Ordinary income		Long-term capital gains		Total distributions paid
Share class
Class A	$	473,467	$	2,170,052	$	2,643,519	$	309,895	$	-	$	309,895
Class B		9,567		93,610		103,177		4,004		-		4,004
Class C		7,784		77,070		84,854		3,023		-		3,023
Class F		10,162		47,920		58,082		6,594		-		6,594
Class 529-A		5,876		27,595		33,471		2,907		-		2,907
Class 529-B		461		5,199		5,660		142		-		142
Class 529-C		738		7,664		8,402		216		-		216
Class 529-E		289		1,706		1,995		130		-		130
Class 529-F		80		351		431		35		-		35
Class R-1		149		1,158		1,307		33		-		33
Class R-2		2,470		21,982		24,452		1,007		-		1,007
Class R-3		7,513		42,584		50,097		3,656		-		3,656
Class R-4		7,234		32,826		40,060		3,571		-		3,571
Class R-5		24,389		94,748		119,137		14,428		-		14,428
Total	$	550,179	$	2,624,465	$	3,174,644	$	349,641	$	-	$	349,641

Common stocks — 91.33%	Shares			Market value (000)

INFORMATION TECHNOLOGY — 16.37%
Microsoft Corp.		26,775,000		$	731,761
Taiwan Semiconductor Manufacturing Co. Ltd.¹		309,004,151			556,010
Taiwan Semiconductor Manufacturing Co. Ltd. (ADR)		13,017,528			124,968
Samsung Electronics Co., Ltd.¹		951,650			670,413
Oracle Corp.²		32,343,700			573,777
Applied Materials, Inc.		26,488,000			469,632
Hon Hai Precision Industry Co., Ltd.¹		63,680,506			387,217
Cisco Systems, Inc.²		16,405,000			377,315
Nintendo Co., Ltd.¹		1,568,600			324,073
Murata Manufacturing Co., Ltd.¹		4,579,200			319,479
ASML Holding NV^1,2		6,470,000			150,443
ASML Holding NV (New York registered)²		5,678,000			132,184
Motorola, Inc.		9,910,000			247,750
International Business Machines Corp.		2,987,000			244,755
Google Inc., Class A²		567,500			228,078
Nokia Corp.¹		6,401,516			126,016
Nokia Corp. (ADR)		5,044,634			99,329
Hynix Semiconductor Inc.^1,2		4,152,260			164,355
Hynix Semiconductor Inc. (GDR)^1,2,3		630,000			24,746
Yahoo! Inc.²		6,500,000			164,320
Canon, Inc.¹		3,100,100			162,362
Texas Instruments Inc.		4,550,000			151,287
Molex Inc.		3,340,000			130,160
Rohm Co., Ltd.¹		1,379,000			128,416
Elpida Memory, Inc.^1,2		2,720,000			124,050
Micron Technology, Inc.²		6,740,000			117,276
Hewlett-Packard Co.		3,055,000			112,088
SAP AG¹		554,500			109,890
Citizen Watch Co., Ltd.¹		12,480,000			102,393
Advanced Micro Devices, Inc.²		4,037,500			100,332
Sun Microsystems, Inc.²		18,926,300			94,064
Altera Corp.²		4,725,000			86,845
Flextronics International Ltd.²		6,000,000			75,840
Tokyo Electron Ltd.¹		992,100			73,623
Agilent Technologies, Inc.²		2,099,580			68,635
Hoya Corp.¹		1,305,000			49,380
Cadence Design Systems, Inc.²		2,750,000			46,640
Corning Inc.²		1,900,000			46,379
Konica Minolta Holdings, Inc.^1,2		3,352,000			45,061
NEC Corp.¹		6,774,100			37,387
Nortel Networks Corp.²		16,000,000			36,800
Chi Mei Optoelectronics Corp.¹		30,591,566			33,757
KLA-Tencor Corp.		615,897			27,389
TDK Corp.¹		275,000			22,020
Xilinx, Inc.		800,000			17,560
					8,116,255

FINANCIALS — 14.37%
ING Groep NV¹		13,282,651			583,108
Erste Bank der oesterreichischen Sparkassen AG¹		9,037,096			562,369
Allianz AG¹		3,209,000			556,653
Société Générale¹		3,285,600			522,251
Citigroup Inc.		7,751,677			385,026
UniCredito Italiano SpA (Germany)¹		34,899,500			288,014
UniCredito Italiano SpA (Italy)¹		2,085,160			17,291
Mitsubishi UFJ Financial Group, Inc.¹		23,549			302,151
Mizuho Financial Group, Inc.¹		38,800			300,426
HSBC Holdings PLC (United Kingdom)¹		15,645,953			285,135
DBS Group Holdings Ltd.¹		20,550,000			248,718
Macquarie Bank Ltd.¹		4,810,000			247,799
Banco Santander Central Hispano, SA¹		14,233,764			224,892
American International Group, Inc.		3,331,250			220,729
AXA SA¹		5,129,000			188,925
DEPFA BANK PLC¹		9,850,000			181,992
Commerzbank U.S. Finance, Inc.¹		5,300,000			178,244
BNP Paribas¹		1,622,230			174,404
Royal Bank of Scotland Group PLC¹		4,920,775			169,166
UBS AG¹		2,559,206			152,953
Bank of Nova Scotia		3,300,000			141,863
XL Capital Ltd., Class A		1,950,000			133,965
Zurich Financial Services¹		532,000			130,636
Credit Suisse Group¹		2,225,640			128,675
Royal Bank of Canada		2,479,000			109,830
QBE Insurance Group Ltd.¹		5,218,492			95,206
Westpac Banking Corp.¹		5,060,444			85,585
J.P. Morgan Chase & Co.		1,650,000			77,484
Groupe Bruxelles Lambert SA¹		675,000			71,982
Crédit Agricole SA¹		1,563,000			68,599
Sumitomo Mitsui Financial Group, Inc.¹		6,300			66,062
Sompo Japan Insurance Inc.¹		5,018,000			65,946
Willis Group Holdings Ltd.		1,550,000			58,900
Westfield Group¹		3,635,219			50,988
Bank of America Corp.		500,000			26,785
Manulife Financial Corp.		600,000			19,329
					7,122,081

CONSUMER STAPLES — 9.26%
Altria Group, Inc.		11,312,500			865,972
Nestlé SA¹		1,835,150			639,826
Koninklijke Ahold NV^1.2		43,589,666			462,177
Tesco PLC¹		62,946,011			423,731
Groupe Danone¹		2,290,000			321,228
PepsiCo, Inc.		4,325,000			282,250
SABMiller PLC¹		12,916,508			241,040
Avon Products, Inc.		6,566,400			201,326
Seven & I Holdings Co., Ltd.¹		6,050,000			195,219
Cia. de Bebidas das Américas - AmBev, preferred nominative (ADR)		3,364,735			152,692
Cia. de Bebidas das Américas - AmBev, ordinary nominative (ADR)		713,500			28,626
Coca-Cola Co.		3,800,000			169,784
Diageo PLC¹		8,370,000			147,682
L’Oréal SA¹		1,307,089			132,686
Scottish & Newcastle PLC¹		9,895,000			105,460
Unilever NV¹		3,157,500			77,587
Anheuser-Busch Companies, Inc.		1,632,500			77,560
Wal-Mart de México, SA de CV, Series V		14,833,992			50,508
Imperial Tobacco Group PLC¹		465,000			15,480
					4,590,834

HEALTH CARE — 8.99%
Roche Holding AG¹		8,298,600			1,436,256
AstraZeneca PLC (Sweden)¹		8,627,809			537,613
AstraZeneca PLC (United Kingdom)¹		1,800,000			112,463
AstraZeneca PLC (ADR)		535,000			33,437
Novo Nordisk A/S, Class B¹		7,416,600			550,930
Smith & Nephew PLC¹		41,654,579			382,619
Sanofi-Aventis¹		2,218,500			197,402
UCB NV¹		3,103,959			197,388
Wyeth		3,600,000			183,024
Novartis AG¹		2,125,000			124,007
Novartis AG (ADR)		925,000			54,057
Medtronic, Inc.		2,400,000			111,456
Eli Lilly and Co.		1,950,000			111,150
Forest Laboratories, Inc.²		2,000,000			101,220
Amgen Inc.²		1,125,000			80,471
Bristol-Myers Squibb Co.		3,000,000			74,760
Shionogi & Co., Ltd.¹		3,600,000			66,284
Allergan, Inc.		380,000			42,792
Johnson & Johnson		600,000			38,964
Biogen Idec Inc.²		450,000			20,106
					4,456,399

CONSUMER DISCRETIONARY — 8.65%
Hyundai Motor Co.¹		3,820,000			328,043
Toyota Motor Corp.¹		5,625,000			306,397
Esprit Holdings Ltd.¹		25,114,000			228,995
News Corp., Class A		11,253,404			221,129
News Corp., Class B		220,000			4,541
Honda Motor Co., Ltd.¹		6,650,000			224,420
Vivendi SA¹		6,194,200			222,968
Industria de Diseno Textil, SA¹		4,671,100			217,948
Viacom Inc., Class B²		5,470,000			203,375
Compagnie Générale des Etablissements Michelin, Class B¹		2,600,000			190,402
Carnival Corp., units		3,870,000			182,006
H & M Hennes & Mauritz AB, Class B¹		4,278,000			178,900
Porsche AG, nonvoting preferred¹		162,000			167,688
Ford Motor Co.		20,466,600			165,575
Renault SA¹		1,414,000			162,054
Kingfisher PLC¹		29,721,981			136,306
Starbucks Corp.²		3,750,000			127,687
Time Warner Inc.		6,250,000			113,937
Grupo Televisa, SA, ordinary participation certificates (ADR)		5,265,600			111,947
Discovery Holding Co., Class A²		6,600,900			95,449
Suzuki Motor Corp.¹		3,360,000			85,577
Bridgestone Corp.¹		4,212,000			85,411
Lagardère Groupe SCA¹		1,100,000			79,328
Walt Disney Co.		2,500,000			77,275
Nikon Corp.¹		3,125,000			64,820
Sony Corp.¹		1,500,000			60,659
Reed Elsevier PLC¹		5,100,000			56,500
Swatch Group Ltd, non-registered shares¹		176,118			34,012
Swatch Group Ltd¹		386,770			14,993
Mediaset SpA¹		4,500,000			48,345
Volkswagen AG¹		461,700			39,391
Cie. Financière Richemont AG, Class A, units¹		555,291			26,700
Clear Channel Communications, Inc.		850,000			24,522
Antena 3 Televisión, SA¹		78,708			1,609
TI Automotive Ltd., Class A^1,2		4,578,091			—
					4,288,909

ENERGY — 8.39%
Royal Dutch Shell PLC, Class B¹		15,858,621			540,545
Royal Dutch Shell PLC, Class A (ADR)		5,555,000			367,186
Royal Dutch Shell PLC, Class A¹		1,120,000			36,900
Petróleo Brasileiro SA - Petrobras, ordinary nominative (ADR)		3,894,900			326,509
Petróleo Brasileiro SA - Petrobras, preferred nominative (ADR)		1,700,000			127,228
Chevron Corp.		6,789,732			440,382
Canadian Natural Resources, Ltd.		6,280,000			286,267
Norsk Hydro ASA¹		10,820,000			242,522
Anadarko Petroleum Corp.		5,500,000			241,065
Schlumberger Ltd.		3,790,000			235,094
Baker Hughes Inc.		3,200,000			218,240
TOTAL SA¹		3,204,400			211,258
Reliance Industries Ltd.¹		7,882,600			201,378
Halliburton Co.		6,200,000			176,390
Technip SA¹		2,775,000			158,204
Imperial Oil Ltd.		3,300,000			110,650
Exxon Mobil Corp.		1,500,000			100,650
ENI SpA¹		2,500,000			74,316
Apache Corp.		1,000,000			63,200
					4,157,984

MATERIALS — 7.39%
Barrick Gold Corp.		20,401,295			626,728
Bayer AG¹		10,632,800			542,816
Newmont Mining Corp.		11,250,000			480,938
Alcoa Inc.		8,453,300			237,031
Gold Fields Ltd.¹		12,085,855			216,071
Dow Chemical Co.		5,350,000			208,543
Nitto Denko Corp.¹		3,299,000			196,292
POSCO¹		570,580			148,126
Kuraray Co., Ltd.¹		11,740,000			131,034
International Paper Co.		3,480,000			120,512
L’Air Liquide¹		568,700			115,978
BHP Billiton Ltd.¹		5,000,000			94,780
Holcim Ltd.¹		1,028,571			84,029
Akzo Nobel NV¹		1,325,000			81,556
Weyerhaeuser Co.		1,300,000			79,989
Anglo American PLC¹		1,500,000			62,620
AngloGold Ashanti Ltd.¹		1,545,731			58,364
JSR Corp.¹		2,279,400			50,424
Rohm and Haas Co.		1,000,000			47,350
UPM-Kymmene Corp.¹		1,670,000			39,513
Smurfit-Stone Container Corp.²		2,950,000			33,040
Novelis Inc.		315,000			8,061
					3,663,795

INDUSTRIALS — 7.34%
General Electric Co.		17,360,500			612,826
Tyco International Ltd.		14,712,500			411,803
Ryanair Holdings PLC (ADR)²		4,137,500			261,862
Siemens AG¹		2,548,300			222,082
Deutsche Post AG¹		7,435,000			195,395
United Parcel Service, Inc., Class B		2,557,000			183,951
Asahi Glass Co., Ltd.¹		14,692,000			181,966
Toll Holdings Ltd.¹		13,789,426			158,085
Sandvik AB¹		13,000,000			148,874
Macquarie Infrastructure Group¹		57,241,455			136,418
3M Co.		1,790,000			133,212
ABB Ltd¹		8,000,000			105,065
Kubota Corp.¹		11,696,000			96,466
British Airways PLC^1,2		11,640,000			92,892
Singapore Airlines Ltd.¹		10,000,000			92,044
Deere & Co.		1,000,000			83,910
Mitsubishi Heavy Industries, Ltd.¹		18,150,000			75,404
Emerson Electric Co.		800,000			67,088
Parker Hannifin Corp.		800,000			62,184
Michael Page International PLC¹		7,995,000			57,513
FANUC LTD¹		690,300			54,079
Caterpillar Inc.		720,000			47,376
Geberit AG¹		38,500			46,972
United Technologies Corp.		600,000			38,010
Boeing Co.		475,000			37,454
Monster Worldwide, Inc.²		685,000			24,790
Wolseley PLC¹		585,000			12,314
					3,640,035

TELECOMMUNICATION SERVICES — 3.33%
Koninklijke KPN NV¹		40,701,700			518,688
Vodafone Group PLC¹		162,686,934			371,836
América Móvil SA de CV, Series L (ADR)		6,765,000			266,338
Telefónica, SA¹		10,011,330			173,436
France Télécom, SA¹		7,045,000			161,558
AT&T Inc.		4,138,720			134,757
Singapore Telecommunications Ltd.¹		16,335,520			25,060
					1,651,673

UTILITIES — 2.25%
E.ON AG¹		3,300,000		$	392,103
Veolia Environnement¹		6,180,275			372,937
Endesa, SA¹		4,400,000			187,384
National Grid PLC¹		5,061,320			63,183
RWE AG¹		630,000			58,084
Gas Natural SDG, SA¹		1,099,543			40,061
					1,113,752

MISCELLANEOUS — 4.99%
Other common stocks in initial period of acquisition					2,472,553


Total common stocks (cost: $31,199,609,000)					45,274,270


Warrants — 0.07%

FINANCIALS — 0.07%
ING Groep NV, warrants, expire 2008²		1,265,000			33,058


CONSUMER DISCRETIONARY — 0.00%
NTL Inc., Series A, warrants, expire 2011²		39,037			14


Total warrants (cost: $91,917,000)					33,072


Short-term securities — 8.84%		Principal amount (000	)

Barclays U.S. Funding LLC 5.24%-5.36% due 10/2/2006-1/24/2007	$	200,000			198,585
Sheffield Receivables Corp. 5.26% due 10/5-11/2/2006³		50,000			49,957
Danske Corp. 5.21%-5.27% due 10/26/2006-1/23/2007³		225,000			222,885
BASF AG 5.24%-5.35% due 10/2/2006-1/19/2007³		200,000			198,734
HBOS Treasury Services PLC 5.23%-5.32% due 11/6-12/27/2006		200,000			198,379
BNP Paribas Finance Inc. 5.21%-5.29% due 11/2-12/26/2006		200,000			198,251
Swedbank Mortgage AB 5.24%-5.29% due 11/7-11/29/2006		190,000			188,837
Barton Capital LLC 5.25%-5.26% due 10/16-10/19/2006³		100,000			99,751
Société Générale North America Inc. 5.22%-5.255% due 11/20-12/21/2006		80,000			79,344
UBS Finance (Delaware) LLC 5.24%-5.38% due 10/6-11/10/2006		175,000			174,641
CBA (Delaware) Finance Inc. 5.23%-5.26% due 11/24/2006-1/25/2007		175,000			172,958
Amsterdam Funding Corp. 5.25%-5.26% due 10/12-12/1/2006³		100,000			99,472
ABN-AMRO North America Finance Inc. 5.34% due 10/31/2006		50,000			49,776
Svenska Handelsbanken Inc. 5.22%-5.36% due 10/30-12/28/2006		115,000			114,315
Stadshypotek Delaware Inc. 5.365% due 10/25/2006³		35,000			34,877
Bank of Ireland 5.245%-5.355% due 11/3-12/18/2006³		150,000			148,720
ING (U.S.) Funding LLC 5.23%-5.255% due 10/20/2006-1/25/2007		150,000			148,504
HSBC USA Inc. 5.24%-5.255% due 12/8-12/27/2006		130,000			128,559
ANZ National (International) Ltd. 5.26%-5.38% due 10/20-11/13/2006³		125,000			124,475
Westpac Banking Corp. 5.245%-5.345% due 10/24-12/13/2006³		75,000			74,564
Westpac Trust Securities NZ Ltd. 5.365% due 10/27/2006³		50,000			49,811
Calyon North America Inc. 5.24%-5.245% due 10/30-12/19/2006		125,000			124,108
Depfa Bank PLC 5.23%-5.255% due 12/6/2006-1/22/2007³		125,000			123,137
Total Capital SA 5.23%-5.24% due 10/26-11/16/2006³		106,300			105,768
Old Line Funding, LLC 5.25%-5.27% due 10/6-11/9/2006³		100,000			99,774
American Honda Finance Corp. 5.22%-5.26% due 10/5-12/8/2006		100,000			99,500
IXIS Commercial Paper Corp. 5.24%-5.27% due 11/8-11/15/2006³		100,000			99,410
Allied Irish Banks N.A. Inc. 5.22%-5.35% due 10/5-12/28/2006³		100,000			99,133
Dexia Delaware LLC 5.22%-5.245% due 11/8-12/28/2006		100,000			99,098
Bank of America Corp. 5.215%-5.275% due 11/30-12/26/2006		100,000			98,948
Fannie Mae 5.22%-5.29% due 10/2-10/18/2006		83,300			83,140
General Electric Capital Services, Inc. 5.23%-5.25% due 10/11-11/21/2006		75,000			74,595
Clipper Receivables Co., LLC 5.26%-5.28% due 10/13-11/9/2006³		64,000			63,826
Abbey National N.A. LLC 5.31% due 10/23/2006		50,000			49,833
Swedish Export Credit Corp. 5.32% due 10/25/2006		50,000			49,825
KfW International Finance Inc. 5.20%-5.21% due 10/13-11/30/2006³		50,000			49,820
Ciesco LLC 5.36% due 10/4/2006³		24,400			24,386
CAFCO, LLC 5.23%-5.36% due 10/6-12/12/2006³		25,600			25,416
International Lease Finance Corp. 5.23% due 11/2/2006		50,000			49,773
Federal Home Loan Bank 5.15% due 11/17/2006		50,000			49,665
Bank of Nova Scotia 5.24% due 12/20/2006		50,000			49,426
DaimlerChrysler Revolving Auto Conduit LLC 5.28% due 11/17/2006		44,600			44,301
Canadian Imperial Holdings Inc. 5.225%--5.25% due 12/11/2006		43,000			42,560
Toyota Motor Credit Corp. 5.24% due 11/8/2006		25,000			24,858


Total short-term securities (cost: $4,384,805,000)					4,385,695

Total investment securities (cost: $35,676,331,000)					49,693,037
Other assets less liabilities					(118,997	)

Net assets				$	49,574,040

Share class	Initial sales charge	Contingent deferred sales charge upon redemption	Conversion feature
Class A and 529-A	Up to 5.75%	None (except 1% for certain redemptions within one year of purchase without an initial sales charge)	None
Class B and 529-B	None	Declines from 5% to 0% for redemptions within six years of purchase	Class B and 529-B convert to Class A and 529-A, respectively, after eight years
Class C	None	1% for redemptions within one year of purchase	Class C converts to Class F after 10 years
Class 529-C	None	1% for redemptions within one year of purchase	None
Class 529-E	None	None	None
Class F and 529-F	None	None	None
Class R-1, R-2, R-3, R-4 and R-5	None	None	None

Share class	Currently approved limits	Plan limits
Class A	0.25%	0.25%
Class 529-A	0.25	0.50
Class B and 529-B	1.00	1.00
Class C, 529-C and R-1	1.00	1.00
Class R-2	0.75	1.00
Class 529-E and R-3	0.50	0.75
Class F, 529-F and R-4	0.25	0.50

Share class	Distribution services	Transfer agent services	Administrative services
Share class	Distribution services	Transfer agent services	CRMC administrative services	Transfer agent services	Commonwealth of Virginia administrative services
Class A	$90,371	$34,468	Not applicable	Not applicable	Not applicable
Class B	16,141	1,636	Not applicable	Not applicable	Not applicable
Class C	13,683	Included in administrative services	$2,054	$314	Not applicable
Class F	2,114		694	115	Not applicable
Class 529-A	980		447	75	$ 513
Class 529-B	924		81	41	93
Class 529-C	1,387		121	50	139
Class 529-E	155		27	5	31
Class 529-F	-		6	1	7
Class R-1	226		28	14	Not applicable
Class R-2	3,017		596	1,456	Not applicable
Class R-3	3,888		1,042	407	Not applicable
Class R-4	1,374		872	19	Not applicable
Class R-5	Not applicable		1,715	7	Not applicable
Total	$134,260	$36,104	$7,683	$2,504	$783

Share class	Sales^(*)			Reinvestments of dividends and distributions			Repurchases^(*)					Net increase (decrease)
		Amount	Shares		Amount	Shares		Amount		Shares			Amount		Shares
Year ended September 30, 2006
Class A	$	4,053,757	134,363	$	2,529,170	88,525	$	(4,309,722	)	(142,978	)	$	2,273,205		79,910
Class B		157,783	5,317		100,290	3,559		(156,992	)	(5,290	)		101,081		3,586
Class C		323,744	10,963		81,747	2,914		(178,231	)	(6,041	)		227,260		7,836
Class F		222,169	7,353		49,638	1,742		(190,225	)	(6,335	)		81,582		2,760
Class 529-A		123,510	4,119		33,458	1,176		(30,473	)	(1,014	)		126,495		4,281
Class 529-B		13,714	463		5,659	201		(3,878	)	(130	)		15,495		534
Class 529-C		33,685	1,137		8,400	298		(10,750	)	(362	)		31,335		1,073
Class 529-E		7,257	244		1,994	70		(2,807	)	(93	)		6,444		221
Class 529-F		3,730	124		431	15		(551	)	(18	)		3,610		121
Class R-1		14,123	477		1,294	46		(4,933	)	(167	)		10,484		356
Class R-2		160,760	5,430		24,433	869		(85,038	)	(2,867	)		100,155		3,432
Class R-3		282,201	9,462		50,047	1,770		(166,371	)	(5,595	)		165,877		5,637
Class R-4		191,116	6,368		40,033	1,410		(108,930	)	(3,639	)		122,219		4,139
Class R-5		384,935	12,776		115,190	4,032		(202,555	)	(6,677	)		297,570		10,131
Total net increase
(decrease)	$	5,972,484	198,596	$	3,041,784	106,627	$	(5,451,456	)	(181,206	)	$	3,562,812		124,017

Year ended September 30, 2005
Class A	$	3,519,807	129,012	$	293,981	10,884	$	(4,043,014	)	(147,919	)	$	(229,226	)	(8,023	)
Class B		171,655	6,419		3,884	145		(123,263	)	(4,571	)		52,276		1,993
Class C		286,755	10,722		2,896	109		(132,427	)	(4,926	)		157,224		5,905
Class F		198,055	7,279		5,558	207		(173,451	)	(6,344	)		30,162		1,142
Class 529-A		115,236	4,235		2,907	108		(15,950	)	(581	)		102,193		3,762
Class 529-B		15,654	584		142	5		(2,491	)	(93	)		13,305		496
Class 529-C		32,051	1,191		216	8		(5,711	)	(211	)		26,556		988
Class 529-E		7,407	274		130	5		(879	)	(32	)		6,658		247
Class 529-F		1,707	63		35	1		(313	)	(12	)		1,429		52
Class R-1		9,170	338		32	1		(2,360	)	(86	)		6,842		253
Class R-2		144,610	5,373		1,006	38		(52,466	)	(1,943	)		93,150		3,468
Class R-3		278,381	10,322		3,650	136		(102,636	)	(3,782	)		179,395		6,676
Class R-4		260,116	9,648		3,568	133		(86,720	)	(3,195	)		176,964		6,586
Class R-5		378,567	13,950		14,198	526		(136,227	)	(4,995	)		256,538		9,481
Total net increase
(decrease)	$	5,419,171	199,410	$	332,203	12,306	$	(4,877,908	)	(178,690	)	$	873,466		33,026


(*) Includes exchanges between share classes of the fund.

Financial highlights(1)

			Income (loss) from investment operations⁽²⁾											Dividends and distributions


		Net asset value, beginning of period		Net investment income				Net gains (losses) on securities (both realized and unrealized	)		Total from investment operations			Dividends (from net investment income	)		Distributions (from capital gains	)		Total dividends and distributions			Net asset value, end of period	Total return(3	)		Net assets, end of period (in millions	)			Ratio of expenses to average net assets before reimbursements/ waivers				Ratio of expenses to average net assets after reimbursements/ waivers		(4	)	Ratio of net income to average net assets
Class A:
Year ended 9/30/2006	$	29.53	$	.49			$	3.93		$	4.42		$	(.40	)	$	(1.82	)	$	(2.22	)	$	31.73	15.80	%	$	40,517				.75	%			.71	%			1.63	%
Year ended 9/30/2005		24.91		.37				4.51			4.88			(.26	)		-			(.26	)		29.53	19.68			35,342				.77				.74				1.36
Year ended 9/30/2004		21.33		.23				3.53			3.76			(.18	)		-			(.18	)		24.91	17.65			30,011				.78				.78				.93
Year ended 9/30/2003		16.50		.18				4.82			5.00			(.17	)		-			(.17	)		21.33	30.48			25,388				.83				.83				.93
Year ended 9/30/2002		19.74		.17				(3.14	)		(2.97	)		(.27	)		-			(.27	)		16.50	(15.36	)		20,497				.82				.82				.84
Class B:
Year ended 9/30/2006		29.01		.25				3.87			4.12			(.19	)		(1.82	)		(2.01	)		31.12	14.89			1,714				1.52				1.48				.86
Year ended 9/30/2005		24.50		.16				4.43			4.59			(.08	)		-			(.08	)		29.01	18.76			1,493				1.54				1.51				.60
Year ended 9/30/2004		21.02		.04				3.48			3.52			(.04	)		-			(.04	)		24.50	16.77			1,212				1.55				1.55				.18
Year ended 9/30/2003		16.28		.03				4.75			4.78			(.04	)		-			(.04	)		21.02	29.44			863				1.62				1.62				.16
Year ended 9/30/2002		19.53		.02				(3.11	)		(3.09	)		(.16	)		-			(.16	)		16.28	(16.04	)		579				1.60				1.60				.11
Class C:
Year ended 9/30/2006		28.88		.24				3.84			4.08			(.18	)		(1.82	)		(2.00	)		30.96	14.84			1,526				1.59				1.55				.80
Year ended 9/30/2005		24.41		.15				4.40			4.55			(.08	)		-			(.08	)		28.88	18.67			1,197				1.60				1.57				.55
Year ended 9/30/2004		20.97		.03				3.47			3.50			(.06	)		-			(.06	)		24.41	16.70			868				1.61				1.61				.14
Year ended 9/30/2003		16.27		.02				4.75			4.77			(.07	)		-			(.07	)		20.97	29.39			485				1.66				1.66				.12
Year ended 9/30/2002		19.50		.03				(3.14	)		(3.11	)		(.12	)		-			(.12	)		16.27	(16.05	)		277				1.64				1.64				.14
Class F:
Year ended 9/30/2006		29.44		.49				3.91			4.40			(.38	)		(1.82	)		(2.20	)		31.64	15.77			932				.76				.72				1.62
Year ended 9/30/2005		24.84		.36				4.49			4.85			(.25	)		-			(.25	)		29.44	19.62			786				.82				.79				1.32
Year ended 9/30/2004		21.29		.22				3.52			3.74			(.19	)		-			(.19	)		24.84	17.59			635				.84				.84				.91
Year ended 9/30/2003		16.49		.17				4.81			4.98			(.18	)		-			(.18	)		21.29	30.39			353				.87				.87				.91
Year ended 9/30/2002		19.72		.18				(3.16	)		(2.98	)		(.25	)		-			(.25	)		16.49	(15.41	)		189				.88				.88				.89
Class 529-A:
Year ended 9/30/2006		29.41		.48				3.91			4.39			(.39	)		(1.82	)		(2.21	)		31.59	15.72			593				.81				.77				1.59
Year ended 9/30/2005		24.83		.36				4.47			4.83			(.25	)		-			(.25	)		29.41	19.55			427				.85				.82				1.31
Year ended 9/30/2004		21.29		.22				3.51			3.73			(.19	)		-			(.19	)		24.83	17.57			267				.86				.86				.90
Year ended 9/30/2003		16.49		.19				4.80			4.99			(.19	)		-			(.19	)		21.29	30.46			138				.83				.83				.98
Period from 2/15/2002 to 9/30/2002		21.05		.11				(4.67	)		(4.56	)		-			-			-			16.49	(21.66	)		55				.96		(5	)	.96		(5	)	.95		(5	)
Class 529-B:
Year ended 9/30/2006		28.99		.22				3.86			4.08			(.16	)		(1.82	)		(1.98	)		31.09	14.77			103				1.65				1.61				.74
Year ended 9/30/2005		24.51		.12				4.42			4.54			(.06	)		-			(.06	)		28.99	18.54			81				1.71				1.68				.44
Year ended 9/30/2004		21.07		-	(6	)		3.48			3.48			(.04	)		-			(.04	)		24.51	16.53			56				1.74				1.74				.01
Year ended 9/30/2003		16.41		.01				4.76			4.77			(.11	)		-			(.11	)		21.07	29.21			31				1.78				1.78				.03
Period from 2/15/2002 to 9/30/2002		21.05		.02				(4.66	)		(4.64	)		-			-			-			16.41	(22.04	)		12				1.76		(5	)	1.76		(5	)	.14		(5	)
Class 529-C:
Year ended 9/30/2006		28.99		.23				3.85			4.08			(.17	)		(1.82	)		(1.99	)		31.08	14.74			159				1.64				1.60				.76
Year ended 9/30/2005		24.51		.13				4.42			4.55			(.07	)		-			(.07	)		28.99	18.62			117				1.70				1.67				.46
Year ended 9/30/2004		21.07		.01				3.48			3.49			(.05	)		-			(.05	)		24.51	16.56			75				1.73				1.72				.03
Year ended 9/30/2003		16.41		.01				4.76			4.77			(.11	)		-			(.11	)		21.07	29.21			39				1.77				1.77				.05
Period from 2/15/2002 to 9/30/2002		21.05		.02				(4.66	)		(4.64	)		-			-			-			16.41	(22.04	)		15				1.75		(5	)	1.75		(5	)	.16		(5	)
Class 529-E:
Year ended 9/30/2006		29.22		.38				3.89			4.27			(.31	)		(1.82	)		(2.13	)		31.36	15.36			35				1.12				1.08				1.27
Year ended 9/30/2005		24.69		.27				4.44			4.71			(.18	)		-			(.18	)		29.22	19.16			26				1.18				1.15				.99
Year ended 9/30/2004		21.19		.13				3.50			3.63			(.13	)		-			(.13	)		24.69	17.17			16				1.20				1.20				.56
Year ended 9/30/2003		16.47		.11				4.79			4.90			(.18	)		-			(.18	)		21.19	29.92			8				1.23				1.23				.60
Period from 3/1/2002 to 9/30/2002		21.49		.08				(5.10	)		(5.02	)		-			-			-			16.47	(23.36	)		2				1.21		(5	)	1.21		(5	)	.67		(5	)
Class 529-F:
Year ended 9/30/2006		29.39		.55				3.88			4.43			(.41	)		(1.82	)		(2.23	)		31.59	15.91			10				.62				.58				1.82
Year ended 9/30/2005		24.80		.37				4.46			4.83			(.24	)		-			(.24	)		29.39	19.58			5				.82				.79				1.35
Year ended 9/30/2004		21.28		.21				3.51			3.72			(.20	)		-			(.20	)		24.80	17.50			3				.95				.95				.84
Year ended 9/30/2003		16.50		.17				4.79			4.96			(.18	)		-			(.18	)		21.28	30.25			1				.97				.97				.89
Period from 9/17/2002 to 9/30/2002		17.65		-	(6	)		(1.15	)		(1.15	)		-			-			-			16.50	(6.52	)		-		(7	)	-		(8	)	-		(8	)	-		(8	)


Class R-1:
Year ended 9/30/2006	$	28.95	$	.25			$	3.85		$	4.10		$	(.23	)	$	(1.82	)	$	(2.05	)	$	31.00	14.89	%	$	29				1.59	%			1.55	%			.85	%
Year ended 9/30/2005		24.48		.16				4.41			4.57			(.10	)		-			(.10	)		28.95	18.63			16				1.66				1.59				.57
Year ended 9/30/2004		21.08		.04				3.47			3.51			(.11	)		-			(.11	)		24.48	16.71			8				1.69				1.63				.16
Year ended 9/30/2003		16.45		.04				4.76			4.80			(.17	)		-			(.17	)		21.08	29.35			3				1.89				1.65				.20
Period from 6/17/2002 to 9/30/2002		20.72		.01				(4.28	)		(4.27	)		-			-			-			16.45	(20.61	)		-		(7	)	.91				.47				.04
Class R-2:
Year ended 9/30/2006		28.98		.24				3.85			4.09			(.20	)		(1.82	)		(2.02	)		31.05	14.83			465				1.67				1.54				.82
Year ended 9/30/2005		24.52		.16				4.41			4.57			(.11	)		-			(.11	)		28.98	18.69			335				1.76				1.56				.59
Year ended 9/30/2004		21.10		.05				3.48			3.53			(.11	)		-			(.11	)		24.52	16.74			198				1.88				1.59				.20
Year ended 9/30/2003		16.45		.05				4.77			4.82			(.17	)		-			(.17	)		21.10	29.43			72				2.13				1.61				.26
Period from 5/21/2002 to 9/30/2002		21.95		.02				(5.52	)		(5.50	)		-			-			-			16.45	(25.01	)		4				.74				.58				.11
Class R-3:
Year ended 9/30/2006		29.20		.39				3.88			4.27			(.32	)		(1.82	)		(2.14	)		31.33	15.36			890				1.10				1.06				1.29
Year ended 9/30/2005		24.67		.29				4.45			4.74			(.21	)		-			(.21	)		29.20	19.31			665				1.10				1.07				1.07
Year ended 9/30/2004		21.19		.15				3.49			3.64			(.16	)		-			(.16	)		24.67	17.19			397				1.18				1.18				.62
Year ended 9/30/2003		16.49		.12				4.77			4.89			(.19	)		-			(.19	)		21.19	29.85			124				1.23				1.23				.64
Period from 6/4/2002 to 9/30/2002		21.33		.04				(4.88	)		(4.84	)		-			-			-			16.49	(22.69	)		5				.45				.39				.21
Class R-4:
Year ended 9/30/2006		29.37		.48				3.91			4.39			(.40	)		(1.82	)		(2.22	)		31.54	15.76			683				.79				.75				1.60
Year ended 9/30/2005		24.80		.38				4.47			4.85			(.28	)		-			(.28	)		29.37	19.60			515				.79				.76				1.40
Year ended 9/30/2004		21.28		.23				3.50			3.73			(.21	)		-			(.21	)		24.80	17.64			271				.83				.83				.95
Year ended 9/30/2003		16.50		.18				4.80			4.98			(.20	)		-			(.20	)		21.28	30.38			61				.88				.87				.91
Period from 5/28/2002 to 9/30/2002		21.86		.07				(5.43	)		(5.36	)		-			-			-			16.50	(24.52	)		1				.41				.30				.36
Class R-5:
Year ended 9/30/2006		29.58		.57				3.93			4.50			(.47	)		(1.82	)		(2.29	)		31.79	16.06			1,918				.51				.47				1.88
Year ended 9/30/2005		24.95		.45				4.50			4.95			(.32	)		-			(.32	)		29.58	19.97			1,485				.52				.49				1.63
Year ended 9/30/2004		21.37		.30				3.53			3.83			(.25	)		-			(.25	)		24.95	17.96			1,016				.53				.52				1.22
Year ended 9/30/2003		16.52		.23				4.83			5.06			(.21	)		-			(.21	)		21.37	30.84			91				.55				.55				1.23
Period from 5/15/2002 to 9/30/2002		21.91		.09				(5.48	)		(5.39	)		-			-			-			16.52	(24.60	)		60				.20				.20				.46

Long-term capital gains	$	2,756,030,000
Foreign taxes		74,818,000
Foreign source income		917,653,000
Qualified dividend income		100	%
Corporate dividends received deduction	$	228,086,000
U.S. government income that may be exempt from state taxation		4,367,000