LATEST VALUATION as at April 28nd 2008
| Funds | NAV | Returns YTD |
| UK Smaller Companies Trust | 306.77 | -4.7% |
| European Smaller Companies Fund | 2.39 | -0.8% |
| Absolute Return Fund | 0.91 | 1.1% |
| European Equity Income Fund | 0.95 | -5.6% |
| European Smaller Companies Trust | 404.54 | -3.0% |
| Focus Fund | 1,461.88 | -5.5% |
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