REPORT OF THE TRUSTEES TO THE UNITHOLDERS

1. ESCORTS INCOME PLAN

• AUDIT REPORT

• BALANCE SHEET AS AT 31ST MARCH, 2007.
• PROFIT & LOSS ACCOUNT
• SIGNIFICANT ACCOUNTING POLICIES AND NOTES TO THE ACCOUNTS.
• SECTORAL HOLDINGS AS ON 31ST MARCH, 2007 .

2. ESCORTS TAX PLAN

• AUDIT REPORT
• BALANCE SHEET AS AT 31ST MARCH, 2007.
• PROFIT & LOSS ACCOUNT
• SIGNIFICANT ACCOUNTING POLICIES AND NOTES TO THE ACCOUNTS.

• SECTORAL HOLDINGS AS ON 31ST MARCH, 2007.

3. ESCORTS BALANCED FUND

• AUDIT REPORT.

• BALANCE SHEET AS AT 31ST MARCH, 2007.
• PROFIT & LOSS ACCOUNT
• SIGNIFICANT ACCOUNTING POLICIES AND NOTES TO THE ACCOUNTS.
• SECTORAL HOLDINGS AS ON 31ST MARCH, 2007.

4. ESCORTS GROWTH PLAN

• AUDIT REPORT
• BALANCE SHEET AS AT 31ST MARCH, 2007.
• PROFIT & LOSS ACCOUNT
• SIGNIFICANT ACCOUNTING POLICIES AND NOTES TO THE ACCOUNTS.
• SECTORAL HOLDINGS AS ON 31ST MARCH, 2007.

5. ESCORTS GILT PLAN

• AUDIT REPORT
• BALANCE SHEET AS AT 31ST MARCH, 2007.
• PROFIT & LOSS ACCOUNT
• SIGNIFICANT ACCOUNTING POLICIES AND NOTES TO THE ACCOUNTS.
• SECTORAL HOLDINGS AS ON 31ST MARCH, 2007.

6. ESCORTS OPPORTUNITIES FUND

• AUDIT REPORT
• BALANCE SHEET AS AT 31ST MARCH, 2007.
• PROFIT & LOSS ACCOUNT
• SIGNIFICANT ACCOUNTING POLICIES AND NOTES TO THE ACCOUNTS.
• SECTORAL HOLDINGS AS ON 31ST MARCH, 2007.

7. ESCORTS INCOME BOND

• AUDIT REPORT
• BALANCE SHEET AS AT 31ST MARCH, 2007.
• PROFIT & LOSS ACCOUNT
• SIGNIFICANT ACCOUNTING POLICIES AND NOTES TO THE ACCOUNTS.
• SECTORAL HOLDINGS AS ON 31ST MARCH, 2007.

8. ESCORTS LIQUID PLAN

• AUDIT REPORT
• BALANCE SHEET AS AT 31ST MARCH, 2007.
• PROFIT & LOSS ACCOUNT
• SIGNIFICANT ACCOUNTING POLICIES AND NOTES TO THE ACCOUNTS.
• SECTORAL HOLDINGS AS ON 31ST MARCH, 2007.

9. ESCORTS FLOATING RATE FUND

• AUDIT REPORT
• BALANCE SHEET AS AT 31ST MARCH, 2007.
• PROFIT & LOSS ACCOUNT
• SIGNIFICANT ACCOUNTING POLICIES AND NOTES TO THE ACCOUNTS.
• SECTORAL HOLDINGS AS ON 31ST MARCH, 2007.

10. ESCORTS HIGH YIELD EQUITY FUND

• AUDIT REPORT
• BALANCE SHEET AS AT 31ST MARCH, 2007.
• PROFIT & LOSS ACCOUNT
• SIGNIFICANT ACCOUNTING POLICIES AND NOTES TO THE ACCOUNTS.
• SECTORAL HOLDINGS AS ON 31ST MARCH, 2007.

11. ESCORTS MUTUAL FUND - UNCLAIMED DUNDEE MUTUAL FUND

• AUDIT REPORT
• BALANCE SHEET AS AT 31ST MARCH, 2007.
• PROFIT & LOSS ACCOUNT
• SIGNIFICANT ACCOUNTING POLICIES AND NOTES TO THE ACCOUNTS

PERSPECTIVE HISTORICAL PER UNIT STATISTICS AS AT 31ST MARCH, 2007 (FOR ALL THE SCHEMES)