The Bermuda Stock Exchange has announced the below noted MRM Equity Funds voluntarily withdrew from listing effective 23 March 2004.

The withdrawal from listing was made pursuant to the redemption of all the outstanding Shares of the Funds as at 19 November 2003.

The funds include: -

MRM Gabelli US Equity Fund ? Income Shares ? (MRMGUEI BH)

MRM Gabelli US Equity Fund ? Accumulation Shares ? (MRMGUEA BH)

MRM South Eastern Asset Management US Equity Fund ? Income Shares ? (MRMSEAI BH)

MRM South Eastern Asset Management US Equity Fund ? Accumulation Shares ? (MRMSEAA BH)

MRM Tweedy, Browne US Equity Fund ? Income Shares ? (MRMTBUI BH)

MRM Tweedy, Browne US Equity Fund ? Accumulation Shares ? (MRMTBUA BH)

MRM Tweedy, Browne Global Equity Fund ? Income Shares ? (MRMTBGI BH)

MRM Tweedy, Browne Global Equity Fund ? Accumulation Shares ? (MRMTBUA BH)