it had approved the listing of up to 70 million non-voting, redeemable participating shares of the Lines Overseas Management (LOM) Money Market Fund.

Shares are issued in three separate classes, denominated in US dollars, Canadian dollars and Euros.

Administrators hope the fund will provide returns in line with short-term money rates of the currency in which the class is denominated.

James S. McKirdy, listing manager of the BSX, said the listing would broaden the scope of products listed on the exchange associated with Bermuda-based investment service providers.

ACE DIVIDEND BUC ACE dividend Following its report of record operating earnings of 61 cents per share earlier this month, ACE Limited will pay a dividend of 13 cents per share to shareholders for the quarter ended June 30. The dividend will be payable on October 13 to shareholders of record on September 29.