ESCORTS MUTUAL FUND
ESCORTS GILT PLAN
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	6,247,744		6,492,029
Profit on Sale/Redemption of Investments			131,327		170,609
(Other than Inter-Scheme Transfer/Sale)
Profit on Inter-Scheme Transfer/Sale			750		12,189
Sundry Balances written back			2,320.00		15,499
			------------------		------------------
Total Income			6,382,141		6,690,326
			------------------		------------------
EXPENSES & LOSSES
Investment Management & Advisory Fees			394,547		468,269
Loss on Sale/Redemption of Interscheme			252,203		315
Loss on Sale/Redemption of Investments			2,896,452		400,536
(other than Inter-Scheme Transfer/sale)
Trusteeship Fees			24,427		43,583
Registrar's Fees			31,608		13,259
Audit Fees			15,730		5,612
Other Operating Expenses		7	728,421		543,241
Fringe Benefit Tax			9,739		2,747
Sundry Balance Written Off			41		-
			------------------		------------------
			4,353,168		1,477,562
			------------------		------------------
Total Expenses			4,353,168		1,477,562
			------------------		------------------
EXCESS OF INCOME OVER EXPENSES			2,028,973		5,212,764
Net Change in Unrealised Depriciation in Value of Investments		8	929,225		(1,056,292)
Equalisation Account			(11,959,855)		(311,036)
			------------------		------------------
SURPLUS CARRIED TO BALANCE SHEET			(9,001,657)		3,845,436
			------------------		------------------
Significant Accounting Policies & Notes on Accounts		9
The Schedules referred to above form an integral
part of the Revenue Account