ESCORTS   MUTUAL FUND
	ESCORTS FLOATING RATE FUND
	REVENUE ACCOUNT FOR THE YEAR ENDED MARCH 31, 2007
		SCHEDULE		FOR THE YEAR ENDED		FOR THE YEAR ENDED
				MARCH 31, 2007		MARCH 31, 2006
				( Rs.)		( Rs.)
	INCOME & GAINS
	Interest	6		1,049,716		198,197
	Profit on inter Scheme Transfer/Sale			3,555		-
				----------------------		----------------------
	Total Income			1,053,271		198,197
				----------------------		----------------------
	EXPENSES & LOSSES
	Loss on Sale/Redemption of Investments			3,426		47,368
	(Refer Note 1.4 in Schedule 11 )
	Investment Management & Advisory Fees			53,915		10,226
	(other than Inter-Scheme Transfer/Sale)
	Loss on Inter Scheme Transfer/Sale			10,813		-
	Trusteeship Fees			848		29,535
	Audit Fees			1,124		1,122
	Custodian Fees			2,166		367
	Registrar fees			1,728		21
	Other Operating Expenses	7		66,111		2,256
	Fringe Benefit Tax			572		10
				----------------------		----------------------
				140,703		90,905
	Less: Expenses to be Re-imbursed by			46,407		28,072
	Asset Management Company			----------------------		----------------------
	Total Expenses			94,296		62,833
				----------------------		----------------------
	EXCESS OF INCOME OVER EXPENSES			958,975		135,364
	Net Change in Unrealised  Depriciation in value of Investments	8		(1,088)		-
	Equilisation  Account			(1,386,567)		283,176
				----------------------		----------------------