ESCORTS   MUTUAL FUND
ESCORTS HIGH YIELD EQUITY PLAN
REVENUE ACCOUNT FOR THE YEAR ENDED MARCH 31, 2007
	SCHEDULE		FOR THE YEAR ENDED
			MARCH 31, 2007
			( Rs.)
INCOME & GAINS
Interest		6	962,842
Profit on Sale/Redemption of Investments			8,361,820
(Other than Inter-Scheme Transfer/Sale)
Dividend			1,181,091
Profit on Derivatives			4,668,747
			----------------------
Total Income			15,174,500
			----------------------
EXPENSES & LOSSES
Loss on Sale/Redemption of Investments			1,089,951
(Other than Inter-Scheme Transfer/Sale)
Loss on Derivatives			1,732,002
Investment Management & Advisory Fees			464,848
Trusteeship Fees			95,104
Audit Fees			7,865
Custodian Fees			11,205
Registrar fees			14,896
Other Operating Expenses		7	2,036,796
Fringe Benefit tax			1,422
			----------------------
			5,454,089
Less: Expenses to be Re-imbursed			1,803,827
by Asset Management Company			----------------------
Total Expenses			3,650,262
			----------------------
EXCESS OF INCOME OVER EXPENSES			11,524,238
NET EXCESS OF INCOME OVER EXPENSES			11,524,238
Net Change in Unrealised  Depriciation in Value of Investments		8	(8,428,339)
Equilisation  Account			3,121,690
			----------------------
SURPLUS CARRIED TO BALANCE SHEET			6,217,589
			----------------------
Significant Accounting Policies & Notes on Accounts		9
The Schedules referred to above form an integral