given the highest rating by one of the top US ratings agencies.

Standard & Poor's gave its highest money market rating of triple Am to the LOM Money Market Fund Ltd., Class AI.

Standard & Poors said the rating is based on their analysis of the fund's credit quality, investment policies, market price exposure, and management.

The rating states that the fund has a superior ability to limit exposure to loss at all times, achieved through conservative investment practices and strict internal controls, the ratings agency said.

Standard & Poor's reviews the fund's portfolio holdings on a weekly basis as part of the scrutiny.

LOM Money Market Fund Ltd. is an open-ended investment company incorporated on Feb. 19, 1998 as an exempted company in the Cayman Islands.

Standard & Poor's previously assigned a triple `Am' rating to the LOM Money Market Fund Ltd., Class A. Class AI is another share class of the rated fund where shares are for institutional investors and denominated in United States dollars.

The LOM Money Market Fund's objective is to provide preservation of capital, liquidity, and returns that are similar to short-term money rates.

According to Standard & Poor's, the fund seeks to achieve this by purchasing money market instruments with top ratings as defined by nationally recognised rating organisations, while maintaining disciplined and effective management strategies.

All investment decisions for the money fund are made by LOM Asset Management Limited.

Lines Oversees Management group was founded in Bermuda in 1992 by Brian and Scott Lines as an offshore full-service securities brokerage firm.

Three years ago they began the LOM Asset Management Limited division, providing discretionary investment management, proprietary research, and administration of LOM money market funds.

Lines Overseas Management Limited serves as the administrator and transfer agent, and acts as custodian for the fund's assets.

Currently there are over 70 employees spread over three LOM locations in Guernsey, Cayman and Bermuda.

The LOM Money Market Fund said it maintains high credit quality standards by investing at least 50 percent of fund assets in securities rated 'A 1 plus' by Standard & Poor's (or its equivalent) and a maximum of 50 percent in securities rated `A 1'.

The fund seeks to maintain a weighted average maturity of 50 days or less to enhance liquidity and diminish sensitivity to changing interest rates, Standard & Poor's said.