Hennessy Funds -

Hennessy Funds Original Class Shares

Daily Fund Performance as of 03/18/10
	Net Asset Value (NAV)	% Daily Change	NAV Daily Change	YTD Return	Inception Date
Hennessy Focus 30 Fund (HFTFX)	$10.27	-0.48%	-$0.05	+8.11%	09/17/03
Hennessy Cornerstone Growth Fund (HFCGX)	$10.41	-0.57%	-$0.06	+7.88%	11/01/96
Hennessy Cornerstone Growth Fund, Series II (HENLX)	$13.13	+0.08%	+$0.01	+5.72%	07/01/05
Hennessy Cornerstone Large Growth Fund (HFLGX)	$10.75	-0.65%	-$0.07	+4.98%	03/20/09
Hennessy Cornerstone Value Fund (HFCVX)	$11.92	+0.00%	+$0.00	+5.39%	11/01/96
Hennessy Select Large Value Fund (HSVFX)	$21.01	-0.19%	-$0.04	+5.79%	09/30/84
Hennessy Total Return Fund (HDOGX)	$10.00	+0.40%	+$0.04	+3.20%	07/29/98
Hennessy Balanced Fund (HBFBX)	$9.97	+0.30%	+$0.03	+0.40%	03/08/96
Hennessy Select SPARX Japan Fund (SPXJX)	$12.19	-0.57%	-$0.07	+5.72%	10/31/03
Hennessy Select SPARX Japan Smaller Companies Fund (SPJSX)	$9.35	-0.11%	-$0.01	+8.34%	08/31/07

Performance for other Fund share classes will differ. Performance for the Cornerstone Large Growth and Select Large Value Funds reflects fee waivers in effect. In the absence of such waivers, total return would be reduced. Hennessy Advisors, Inc. became the manager of the Select Large Value Fund on 3/20/09. Performance shown for the Select Large Value Fund for the period 4/20/04 to 3/20/09 reflects performance for Tamarack Value Fund, the predecessor to Hennessy Select Large Value Fund. Performance shown for the period 9/30/84 to 4/19/04 reflects performance for the Babson Value Fund, the predecessor to Tamarack Value Fund.

Performance data quoted represents past performance; past performance does not guarantee future results. The 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 of the funds may be lower or higher than the performance quoted.

The total annual operating expenses of the Funds are as follow: Focus 30 = 1.39%; Cornerstone Growth = 1.36%; Cornerstone Growth, Series II = 1.70%; Cornerstone Large Growth = 1.30%; Cornerstone Value = 1.27%; Total Return = 1.56% gross/1.27% net of interest expense; Balanced = 1.73%; Select Large Value = 1.37%; Select SPARX Japan Fund = 1.47%; Select SPARX Japan Smaller Companies Fund = 1.90%. The expense ratio for the Cornerstone Large Growth Fund and Select Large Value Fund is contractually capped at 1.30% through March, 2010. Performance shown is net of fees and expenses.

Average Annual Total Returns as of Quarter-End 12/31/09
	YTD Return	One Year	Three Year	Five Year	Ten Year	Since Inception	Inception Date
Hennessy Focus 30 Fund HFTFX	+24.67%	+24.67%	-3.82%	+5.74%	n/a	+7.78%	09/17/03
Hennessy Cornerstone Growth Fund HFCGX	+10.29%	+10.29%	-15.31%	-5.57%	+3.69%	+7.88%	11/01/96
Hennessy Cornerstone Growth Fund, Series II HENLX	+25.20%	+25.20%	-18.51%	n/a	n/a	-10.54%	07/01/05
Hennessy Cornerstone Large Growth Fund HFLGX	n/a	n/a	n/a	n/a	n/a	+52.88%	03/20/09
Hennessy Cornerstone Value Fund HFCVX	+44.62%	+44.62%	-6.09%	+0.28%	+3.54%	+4.78%	11/01/96
Hennessy Select Large Value Fund HSVFX	+19.45%	+19.45%	-7.73%	-1.72%	+1.88%	+9.60%	09/30/84
Hennessy Total Return Fund HDOGX	+16.92%	+16.92%	-6.63%	-0.19%	+1.92%	+1.85%	07/29/98
Hennessy Balanced Fund HBFBX	+17.31%	+17.31%	-2.38%	+1.11%	+1.83%	+3.60%	03/08/96
Hennessy Select SPARX Japan Fund SPXJX	+9.83%	+9.83%	-11.94%	-2.27%	n/a	+3.97%	10/31/03
Hennessy Select SPARX Japan Smaller Companies Fund SPJSX	+13.88%	+13.88%	n/a	n/a	n/a	-3.94%	08/31/07

Average Annual Total Returns as of Month-End 02/28/10
	YTD Return	One Year	Three Year	Five Year	Ten Year	Since Inception	Inception Date
Hennessy Focus 30 Fund HFTFX	+1.37%	+46.80%	-5.22%	+3.91%	n/a	+7.80%	09/17/03
Hennessy Cornerstone Growth Fund HFCGX	-2.38%	+28.86%	-16.22%	-7.24%	+3.82%	+7.59%	11/01/96
Hennessy Cornerstone Growth Fund, Series II HENLX	-0.81%	+50.80%	-19.03%	n/a	n/a	-10.35%	07/01/05
Hennessy Cornerstone Large Growth Fund HFLGX	-0.20%	n/a	n/a	n/a	n/a	+52.58%	03/20/09
Hennessy Cornerstone Value Fund HFCVX	-0.35%	+92.47%	-6.55%	+0.16%	+5.57%	+4.69%	11/01/96
Hennessy Select Large Value Fund HSVFX	-0.20%	+46.78%	-7.16%	-1.98%	+3.82%	+9.52%	09/30/84
Hennessy Total Return Fund HDOGX	-0.52%	+46.08%	-6.84%	-0.60%	+2.95%	+1.78%	07/29/98
Hennessy Balanced Fund HBFBX	-1.81%	+37.19%	-3.03%	+0.81%	+2.31%	+3.42%	03/08/96
Hennessy Select SPARX Japan Fund SPXJX	+3.04%	+39.40%	-11.37%	-2.40%	n/a	+4.36%	10/31/03
Hennessy Select SPARX Japan Smaller Companies Fund SPJSX	+4.63%	+49.70%	n/a	n/a	n/a	-1.93%	08/31/07
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The Cornerstone Growth, Cornerstone Growth Series II, Focus 30, Cornerstone Value, Select Large Value, Select SPARX Japan and Select SPARX Japan Smaller Companies Funds may invest in small and medium-capitalization companies, which tend to have limited liquidity and greater price volatility than large-capitalization companies. The Cornerstone Growth, Cornerstone Growth Series II, Cornerstone Value, Select SPARX Japan and Select SPARX Japan Smaller Companies Funds may also make investments in foreign securities, which involve greater volatility and political, economic and currency risk and differences in accounting methods. The Total Return and Balanced Funds are non-diversified, meaning they may concentrate their assets in fewer individual holdings than a diversified fund, making it more exposed to individual stock volatility than a diversified fund.