ESCORTS   MUTUAL FUND
	ESCORTS FLOATING RATE FUND
	REVENUE ACCOUNT FOR THE YEAR ENDED MARCH 31, 2009
		SCHEDULE		FOR THE YEAR ENDED		FOR THE YEAR ENDED
				MARCH 31, 2009		MARCH 31, 2008
				( Rs.)		( Rs.)
	INCOME & GAINS
	Interest	6		93,317		154,236
				----------------------		----------------------
	Total Income			93,317		154,236
				----------------------		----------------------
	EXPENSES & LOSSES
	Loss on Sale/Redemption of Investments			567		-
	(other than Inter-Scheme Transfer/Sale)
	Loss on Inter Scheme Transfer/Sale			-		1,089
	Investment Management & Advisory Fees			3,018		5,378
	Trusteeship Fees			509		360
	Audit Fees			1,103		1,911
	Custodian Fees			306		523
	Registrar fees			76		132
	Other Operating Expenses	7		2,798		(4,517)
	Fringe Benefit Tax			11		57
				----------------------		----------------------
				8,388		4,933
	Less: Expenses to be Re-imbursed by			3,327		-
	Asset Management Company			----------------------		----------------------
	Total Expenses			5,061		4,933
				----------------------		----------------------
	NET SURPLUS/(DEFICIT) FOR THE YEAR			88,256		149,303
	Net Change in Unrealised  Depriciation in value of Investments	8		(567)		-
	Equilisation  Account			73,868		(134,325)
				----------------------		----------------------
	Retained Surplus/(Deficit) carried forward to Balance Sheet			161,557		14,978
				----------------------		----------------------
	Significant Accounting Policies & Notes to the Accounts	9
	The Schedules referred to above form an integral
	part of the Revenue Account
	As Per our report of even date
	For S.N. DHAWAN & CO.	For ESCORTS MUTUAL FUND			For ESCORTS ASSET
	Chartered Accountants	(TRUSTEE: ESCORTS INVESTMENT TRUST LTD.)			MANAGEMENT LTD.
	( SURESH SETH )	(RAJAN NANDA)			(LALIT K. KHANNA)
	PARTNER	CHAIRMAN			DIRECTOR
	MEMBERSHIP NO -10577
		(DR. RAKESH KHURANA)			(S.C. KUCHHAL)
		DIRECTOR			DIRECTOR
	PLACE : NEW DELHI
	DATE  : 22.07.2009