ESCORTS   MUTUAL FUND
ESCORTS INCOME BOND
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		2,335,573		2,176,919
Dividend			78,877		48,082
Profit on Sale/Redemption of Investments			5,264,997		4,266,757
(Other than Inter-Scheme Transfer/Sale)
Profit on Inter Scheme Transfer/Sale)			40,483
Premium on Equity Stock Option			57,189		10,675
Sundry Balances Written Back			-		106,252
Profit on Equity Stock Option			81,814		48,387
			----------------------		----------------------
Total Income			7,858,933		6,657,072
			----------------------		----------------------
EXPENSES & LOSSES
Loss on Equity Stock Options			486,685		536,398
Investment Management & Advisory Fees			445,612		384,290
Loss on Sale/Redemption of Investments			614,727		659,575
(Other than Inter-Scheme Transfer/Sale)
Loss on Inter Scheme Transfer/Sale)			214,789		6,297
Trusteeship Fees			16,544		13,166
Audit Fees			6,742		4,490
Custodian Fees			8,740		21,052
Registrar fees			53,559		57,078
Sundry Balance Written Off			1,276		-
Other Operating Expenses	7		162,328		86,239
Fringe Benefit Tax			4,113		2148.00
			----------------------		----------------------
			2,015,115		1,770,733
			----------------------		----------------------
Total Expenses			2,015,115		1,770,733
			----------------------		----------------------
EXCESS OF INCOME OVER EXPENSES			5,843,818		4,886,339
NET EXCESS OF INCOME OVER EXPENSES			5,843,818		4,886,339
Net Change in Unrealised  Depriciation in value of Investments	8		(846,405)		(208,245)