NEW YORK, July 31 /PRNewswire/ -- XShares Advisors LLC, a registered investment advisor, today announced that new advisory agreements had been adopted by the Board of Directors for the Funds. A prospectus supplement has also been filed with the Securities and Exchange Commission. TDX Independence Funds, Inc. (the "Company") TDX Independence 2010 Exchange-Traded Fund-TDD TDX Independence 2020 Exchange-Traded Fund-TDH TDX Independence 2030 Exchange-Traded Fund-TDN TDX Independence 2040 Exchange-Traded Fund-TDV TDX Independence In-Target Exchange-Traded Fund-TDX (each, a "Fund" and together, the "Funds") At an in-person meeting of the Board of Directors (the "Board") of the Company held on July 23, 2009 (the "Meeting"), the Board approved an interim investment sub-advisory agreement (the "Interim Agreement") between XShares Advisors LLC ("XShares") and TDAM USA Inc. ("TDAM"), a wholly-owned subsidiary of The Toronto-Dominion Bank and an affiliate of Amerivest Investment Management, LLC ("Amerivest"), replacing Mellon Capital Management Corporation ("Mellon"), effective August 3, 2009. Pursuant to the Interim Agreement, TDAM will serve as an investment sub-adviser to the Funds until the earlier of (i) December 31, 2009 or (ii) the date a new sub-advisory agreement is approved by the shareholders of each Fund. The current agreement expires August 3, 2009 between XShares and Mellon. The terms of the Interim Agreement are substantially identical to the current investment sub-advisory agreement and the compensation to be paid is no greater than the current payments. At the Meeting, the Board also approved a new investment advisory agreement between the Company, on behalf of the Funds, and Amerivest (the "New Advisory Agreement"), with Amerivest replacing XShares as investment adviser, and a new investment sub-advisory agreement between Amerivest and TDAM (the "New Sub-Advisory Agreement" and together with the New Advisory Agreement, the "New Agreements"). The New Agreements are subject to and will take effect upon the approval of shareholders by a vote of a majority of the outstanding voting securities, as defined in the 1940 Act, of each Fund. If approved, the New Agreements would remain in effect for an initial term of two years, and continue in effect thereafter for successive annual periods so long as such continuance is specifically approved at least annually (i) by either the Board or by vote of a majority of the outstanding voting securities. The New Advisory Agreement contains substantially identical terms as the current investment advisory agreement between XShares and the Company, including, the payment of a unified management fee. More particularly, pursuant to the New Advisory Agreement, the Company will pay to Amerivest an advisory fee computed daily and payable monthly (as soon as practical after the last day of each month) in an amount equal to 0.65% on an annualized basis of each Fund's average daily net assets. Amerivest has agreed to continue to cap the Fund's expenses to 0.65% of the Fund's average net assets (the "Expense Cap"). The Expense Cap will remain in effect until at least September 30, 2010. The New Sub-Advisory Agreement contains substantially identical terms as the Interim Agreement and the Previous Sub-Advisory Agreement. About XShares Advisors LLC XShares Advisors LLC is a registered investment advisor that provides investment advisory services to exchange-traded funds. XShares Advisors LLC also partners with major institutions and index providers seeking to bring innovative exchange-traded funds to market using its administrative platform. In addition, XShares Advisors LLC both creates and licenses distinctive intellectual property for its ETFs, developing products that allow for innovative trading strategies and alternative investments for the financial community. For more information, visit the company's website at: http://www.xsharesadvisors.com/. About TDAM TDAM USA Inc., a Delaware corporation, is registered as an investment adviser under the Investment Advisers Act of 1940, as amended. TD Asset Management operates in Canada as TD Asset Management Inc. and in the United States as TDAM USA Inc. TD Asset Management is a highly diversified North American investment management organization with leading market positions in active, quantitative and passive portfolio management. In aggregate as of June 30, 2009, TD Asset Management's investment professionals managed over US$134 billion in assets under management on behalf of pension, insurance, endowment/foundation and corporate clients, as well as for high-net worth individuals and retail mutual funds. TDAM USA Inc. is a direct, wholly-owned subsidiary of The Toronto-Dominion Bank ("Toronto-Dominion"). Toronto-Dominion, a Canadian chartered bank, is subject to the provisions of the Bank Act of Canada, and is part of a worldwide group of banks and financial service companies (referred to as the "TD Bank Financial Group"). An Investor should consider the fund's investment objective, risks, charges and expenses carefully before investing. For this and more complete information about the fund call 800.925.2870 or visit the website http://www.tdxindependencefunds.com/ for a prospectus. Please read the prospectus carefully before investing. There are risks involved with investing in exchange-traded funds ("ETFs") including possible loss of money. TDX Independence ETFs are not actively managed and are subject to risks similar to stocks, including those related to short selling and margin maintenance. Losses from short sales may be unlimited, and losses from purchases on margin may exceed original investment. "Target Date" refers to a time in the future, generally a specified year, in which the investor expects to retire or otherwise require the use of the invested funds. Target date funds are generally more aggressive the further the target date is from the present, with an objective of capital appreciation. As the target date approaches, the fund's objective will generally become more conservative, aiming to achieve a higher level of capital preservation. Investors should note that although target date funds aim to preserve capital as the target date approaches, there is no guarantee that the fund will achieve this objective. Investments in small and medium capitalization companies may be subject to higher volatility than larger, more established companies. Investments in foreign securities will be subject to certain risks not associated with domestic securities, such as currency fluctuations, and changes in political and economic conditions. Investments in fixed income securities will be subject to certain risks as well. The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the credit risk of individual issuers. Generally, fixed income securities will decrease in value if interest rates rise, and the volatility of lower rated securities is even greater than that of higher rated securities. There is no assurance that the investment process will consistently lead to successful investing. Diversification does not eliminate the risk of experiencing investment losses. The prospectus is not an offer to buy or sell the portfolio shares, nor is the fund soliciting an offer to buy its shares in any jurisdiction where the offer or sale is not permitted. TDX Independence Funds, Inc. ETFs are distributed by ALPS Distributors, Inc. XShares Advisors and ALPS are unaffiliated entities. TDX 504 EXP 12/31/09 DATASOURCE: XShares Advisors LLC CONTACT: Jeffery Feldman of XShares Advisors LLC, +1-800-925-2870 Web Site: http://www.xsharesadvisors.com/

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