ESCORTS MUTUAL FUND
ESCORTS OPPORTUNITIES 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		7	19,366,733		43,548,910
Premium on Equity Stock Options			4,197,380		13,597,751
Profit on Sale/Redemption of Investments (other than Inter-Scheme Transfer/Sale)			240,094,226		137,941,042
Profit on Inter-Scheme Transfer/Sale of Investments			225,817		45,708
Dividend			6,902,390		7,854,378
Sundry Balances Written -Back			7,651		559,310
Other Income			97,795		44,907
Profit on Equity Stock Option			51,576,777		7,100,332
			-----------------------		-----------------------
Total Income			322,468,769		210,692,338
			-----------------------		-----------------------
EXPENSES & LOSSES
Loss on Equity Stock Options			110,559,742		61,672,448
Loss on Sale/Redemption of Investments (other than Inter-Scheme Transfer/Sale)			35,076,558		14,958,732
Loss on Inter-Scheme Transfer/Sale of Investments			4,913,719		558,242
Investment Management & Advisory Fees			11,008,885		12,643,263
Deferred Revenue Expenditure Written Off			-		963,461
Sundry Balances Written Off			449		-
Trusteeship Fees			410,627		443,997
Custodian Fees			229,790		503,684
Audit Fees			177,529		166,115
SEBI Annual Fee			161,924		152,706
Registrar's Fees			352,773		351,915
Other Operating Expenses		8	9,967,692		11,505,901
Fringe Benefit Tax			101,889		71,918
			-----------------------		-----------------------
			172,961,577		103,992,382
Less: Expenses to be Re-imbursed by Asset Management Company			2,794,422		2,896,246
			-----------------------		-----------------------