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UTC's Money Market Fund 65^th Distribution of $92.64 Million

On December 1^st 2005, the Trinidad & Tobago Unit Trust Corporation made a distribution of TT$92,644,949 to unitholders in its TT Dollar Money Market Fund (Second Unit Scheme). This represents an average payout of 5.40% (effective yield - 5.63%) for the three months ending November 30^th 2005. This payout also marks the 65^th  distribution of the Money Market Fund and brings the total of funds disbursed from this Fund to $2,265,955,034 since its inception in September 1989.

The Money Market Fund offers customers high rates of interest, security of capital and one hundred per cent access to their investment. This fund remains the only local mutual fund providing customers with debit card access to their primary Money Market Fund account through the UTC’s Visa Electron Debit Card. For the month of December, the quoted minimum yield for the TT Dollar Money Market Fund is 5.40% (effective yield - 5.63%).

Total distributions for 2005 from the TT$ Money Market Fund amount to $341,543,744 inclusive of February, May and August distributions. Other distributions made by the Corporation for the year so far include a cumulative total of $183,930,147 from the Growth & Income Fund in mid-March and mid-September, and US$20,702,344 (TT$127,835,939) from the US$ Money Market Fund in March, June and September. The fourth distribution from the US$ Money Market Fund is expected to be made at the end of December 2005. Total distributions for the year from all funds thus far total TT$653,309,830.

The Unit Trust Corporation takes this opportunity to thank its valued unitholders for their continued support and confidence, and to reaffirm its commitment to providing innovative investment solutions and outstanding fund performance.

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