FOR IMMEDIATE RELEASE

April 14, 2003

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HENNESSY ADVISORS, INC. TO ACQUIRE SYM SELECT GROWTH FUND

Novato, CA – April 14, 2003 – Hennessy Advisors, Inc. (OTCBB:HNNA) President and CEO Neil Hennessy announced today that Hennessy Advisors, Inc. has agreed in principle to acquire the management contracts for the SYM Select Growth Fund (SYMFX). The SYM Select Growth Fund is a Mid-Cap Growth Fund with approximately $27 million currently under management. SYM is located in Warsaw, Indiana.

Completion of the transaction is subject to completion of due diligence to the satisfaction of Hennessy Advisors, approval by the boards of directors of both companies, and approval of SYMFX shareholders.

Hennessy Advisors, Inc., located in Novato, CA, is the advisor to four no-load mutual funds, satisfying a variety of investment horizons and risk tolerance levels. Each of the Hennessy Funds employs a unique and powerful money management approach combining superior, time-tested stock selection formulas with unwavering discipline and consistency. The Company serves clients with integrity, honesty and candor. The Hennessy Funds strategies and performance are fully disclosed.

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Supplemental Information

Nothing in this section shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.


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