ESCORTS MUTUAL FUND
ESCORTS TAX 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	0		15,984
Dividend			321,661		184,858
Profit on Sale/Redemption of Investments			6,861,123		4,417,235
(Other than Inter-Scheme Transfer/Sale)
Premium on Equity Stock Options			90,514		67,933
Sundry Balances Written Back			0		8,354
Profit on Equity Stcok Option			496,153		22,460
			-----------------------		-----------------------
Total Income			7,769,451		4,716,824
			-----------------------		-----------------------
EXPENSES & LOSSES
Investment Management & Advisory Fees			331,762		167,194
Loss on Sale/Redemption of Investments			1,168,979		356,183
(Other than Inter-Scheme Transfer/Sale)
Loss on Equity Stock Options			558,719		1,045,749
Trusteeship Fees			14,684		8,883
Audit Fees			5,618		2,245
Custodian Fees			6,552		3,084
Other Operating Expenses		7	462,594		318,401
Fringe Benefit Tax			2,888		976
			-----------------------		-----------------------
			2,551,796		1,902,715
Less: Expenses to be Reimbursed by the Asset Management Company			232,930		197,347
			-----------------------		-----------------------
Total Expenses			2,318,866		1,705,368
			-----------------------		-----------------------
EXCESS OF INCOME OVER EXPENSES			5,450,585		3,011,456
Net Change in Unrealised Depreciation in Value of Investments		8	(728,177)		124,525
Equalisation Account			4,168,227		1,075,337
Dividend			(4,685,006)		(3,578,387)
			-----------------------		-----------------------
SURPLUS  CARRIED TO BALANCE SHEET			4,205,629		632,931
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