Total distribution of RM37.40 million of which RM14.17 million, RM6.08 million, RM1.81 million, RM4.71 million, RM0.14 million, RM3.18 million and RM7.31 million will be reinvested back into AIEF, AEEF, ASEF, ABEF, AMEF, AVEF and ASNITA respectively at net asset value per unit immediately on the ex-distribution date itself without any entry fee.

AIEF is a short-to-medium term fixed income fund that invests in money market securities and other fixed income instruments, designed mainly for conservative investors seeking potentially higher returns than traditional bank deposits. The Fund is benchmarked against 6-months fixed deposit rate.

AEEF is a medium-to-long term equity growth fund which invests in equities and equity-related securities, designed for relatively aggressive investors aiming for potentially higher returns that outperform the KLCI. The Fund is benchmarked against the KLCI.

ASEF is a Syariah-based medium-to-long-term fund that adopts a balanced approach to equities and fixed income. The Fund is benchmarked against Kuala Lumpur Syariah Index (accounts for 35% of the composite) and 12-months Maybank Al-Mudharabah General Investment Account published rate (accounts for 65% of the composite).

ABEF is a medium-to-long term fixed income fund designed mainly for long-term investors who are seeking to invest in high yielding fixed income securities with an acceptable high level of risk. The Fund is benchmarked against 12-months fixed deposit rate.

AMEF is a very short-term cash management fund which invests in short-term money market instruments, designed mainly for corporate investors and is benchmarked against repo rates.

AVEF is a medium-to-long term fund which adopts a relatively balanced approach towards equities and fixed income exposure. The Fund is benchmarked against the KLCI (accounts for 35% of the composite) and 12-months Maybank fixed deposit rate (accounts for 65% of the composite).

ASNITA is a Syariah-based medium-to-long term which invests in equities and equity-related securities, offering relatively good and safe long-term capital growth potential. The Fund is benchmarked against the Kuala Lumpur Syariah Index.

The 1-year return ended 31 December 2004 for AIEF, AEEF, ASEF, ABEF, AMEF, AVEF and ASNITA amounted to 5.12%, 6.04%, 6.35%, 5.74%, 2.87%, 14.58% and 6.20% respectively.

The fund size of AIEF, AEEF, ASEF, ABEF, AMEF, AVEF and ASNITA as at 31 December 2004 is in excess of RM567 million, RM106 million, RM30 million, RM176 million, RM20 million, RM42 million and RM125 million respectively.

AvUT is one of the fastest growing unit trust companies in Malaysia. Though not quite five years old, its fund size is now in excess of RM1 billion. It is also an appointed fund management institution for the EPF Members' Investment Scheme.

AvUT whose headquarters is in Kuala Lumpur, has 10 service centres nationwide in Penang, Ipoh, Petaling Jaya, Klang, Seremban, Malacca, Johor Bahru, Kota Bahru, Kuching and Kota Kinabalu.

As at 31 December 2004, AvUT manages 7 unit trust funds valued in excess of RM1 billion:

• Avenue IncomeEXTRA Fund
• Avenue EquityEXTRA Fund
• Avenue BondEXTRA Fund
• Avenue MoneyEXTRA Fund
• Avenue VersatileEXTRA Fund
• Avenue SyariahEXTRA (a fund based on Syariah principles taken over from Abrar Unit Trust Management Bhd on August 2002) and
• ASNITA (a fund based on Syariah-principles taken over from Metrowangsa Unit Trusts Berhad on May 2003).