ESCORTS MUTUAL FUND
ESCORTS GILT PLAN
REVENUE ACCOUNT FOR THE YEAR ENDED  MARCH 31, 2010
		SCHEDULE	FOR THE YEAR ENDED		FOR THE YEAR ENDED
			MARCH 31, 2010		MARCH 31, 2009
			( Rs.)		( Rs.)
INCOME & GAINS
Interest		6	165,676		464,271
Profit on Sale/Redemption of Investments			-		21,577
(Other than Inter-Scheme Transfer/Sale)
Profit on Inter-Scheme Transfer/Sale			23,477		303,412
			------------------		------------------
Total Income			189,153		789,260
			------------------		------------------
EXPENSES & LOSSES
Investment Management & Advisory Fees			11,582		34,665
Loss on Sale/Redemption of Interscheme			4,248		191,569
Trusteeship Fees			1,047		3,085
Registrar's Fees			268		1,755
Audit Fees			1,155		664
Other Operating Expenses		7	14,101		70,492
Fringe Benefit Tax			-		300
			------------------		------------------
			32,401		302,530
Less: Expenses to be Reimbursed by the Asset Management Company			-		18,171
			------------------		------------------
Total Expenses			32,401		284,359
			------------------		------------------
NET SURPLUS/(DEFICIT) FOR THE YEAR			156,752		504,901
Net Change in Unrealised Appreciation / (Depreciation) in Value of Investments		8	(39,895)		47,878
Equalisation Account			(745,489)		(2,082,583)
			------------------		------------------
Retained Surplus/(Deficit) carried forward to Balance Sheet			(628,632)		(1,529,804)
			------------------		------------------
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			MANAGEMENT LTD.
Regn. No. 000050N	TRUST 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  :