UMBF UMB Financial Corporation

James Moffett, lead portfolio manager of the UMB Scout International Fund (UMBWX) and assistant portfolio managers Gary Anderson, Michael Fogarty and Michael Stack, have been named runners-up for the Morningstar 2007 International-Stock Fund Manager of the Year award. This year�s achievement along with being a runner-up in 2005, prompted Christine Benz, Morningstar�s director of mutual fund analysis, to state that �he�s likely to remain a contender � or become a winner � in the years ahead.� Despite the recent trend to delve heavily into emerging markets, Moffett and his portfolio management team instead focus on large capitalization companies from developed markets. Likewise, Moffett and his team do not invest directly in China or Russia due to concerns about the countries� legal systems and treatment of dissident shareholders. However, they have developed their own strategy for playing the Chinese and Russian economic powerhouses � by investing indirectly in companies around the globe who are profiting from their growth and product demand. As a result, Morningstar felt that the Fund had a stellar showing in 2007 with strong investor take-home returns and described Moffett as one of their �favorite international managers.� �I�m very proud of the continued recognition Scout Investment Advisors receives,� said Mariner Kemper, Chairman and Chief Executive Officer UMB Financial Corporation (NASDAQ: UMBF). �Our expertise and knowledge drives our performance � and that has positioned our portfolio managers as leaders in the industry. We are especially proud of the diversified investment products we offer our customers, and the exceptional job that Jim, Gary, Michael Fogarty and Michael Stack have delivered.� Moffett has served as lead portfolio manager of the UMB Scout International Fund since the Fund�s inception in 1993. Moffett and the aforementioned team are frequently highlighted in leading industry publications for their ability to identify sector themes and individual stock stories. In addition, the team�s �top-down� approach and selection of high-quality securities has contributed to the Fund�s success, and allowed the Fund to surpass its benchmark, on average, over the past 10 years. Average Annual Total Return as of December 31, 2007: UMB Scout International Fund: 1-Year: 17.80%, 5-Year: 21.87% and 10-Year: 11.11% MSCI-EAFE Index-net (U.S. Dollars): 1-Year: 11.17%, 5-Year: 21.59% and 10-Year: 8.66% Total Annual Fund Operating Expenses: 0.97% The performance data quoted represents past performance and past performance is not guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor�s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information quoted. To obtain performance information current to the most recent month- end, please call 800.996.2862 or visit umbscoutfunds.com. Foreign investments present additional risks due to currency fluctuations, economic and political factors, government regulations, differences in accounting standards and other factors. Investments in emerging markets involve even greater risks. You should consider the Fund�s investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information about the Fund, call 800.996.2862 or visit umbscoutfunds.com. Please read the prospectus carefully before investing. The UMB Scout Funds are distributed by UMB Distribution Services, LLC, Milwaukee, WI, an affiliate of UMB Financial Corporation, and Managed by Scout Investment Advisors, Inc., a subsidiary of UMB Bank, n.a. "UMB," "Scout" and the Scout design are registered service marks of UMB Financial Corporation. Not FDIC-Insured - No Bank Guarantee - May Lose Value