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					Fund Name                                      Investment Classification Name   SEDOL               Quantity       Security Description
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Currency/Cash                    REVGBPR               126,665.09   GBP Rev A/C -REVGBPRGBP Rev A/C -REVGBPR
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Currency/Cash                    SOCGBPD_20060703_1 1,000,000.      SOC GBP DEPOSITSOC GBP DEPOSIT (TD 03/07/2006)
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Currency/Cash                    TRADGBP               280,144.98   Trading Account - UK Pound Sterling
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Currency/Cash                    TRADUSD                 1,048.36   Trading Account - United States Dollar
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Currency/Cash                    REVUSDR                    13.75   USD REV A/C -REVUSDRUSD REV A/C -REVUSDR
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2595708    16,115.     3M COMPANY COM USD0.01
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2695921    19,440.     AETNA INC (NEW) COM USD0.01
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2026361    20,290.     AFLAC INC COM USD0.10
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2024020    27,000.     ALLEGHENY ENERGY COM USD1.25
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2019952    31,150.     ALLSTATE CORP COM USD0.01
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2589198    26,030.     ALLTEL CORP COM USD1
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2692632    26,200.     ALTRIA GROUP INC COM USD0.333333
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2382416    56,000.     AMERICAN AXLE & MFG HOLDINGS USD0.01
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2029809    40,400.     AMERICAN STANDARD COMPANIES COM USD0.01
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2032380    24,060.     ANADARKO PETROLEUM COM USD0.10
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2043962    27,300.     APACHE CORPORATION COM USD1.25
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2331430    21,400.     ASSURANT COM USD0.01
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2111955    38,000.     BORG WARNER INC COM USD0.01
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2210959    20,900.     CANADIAN NATIONAL RAILWAY COM STK USD NPV
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2570545    19,340.     CAREMARK RX COM USD0.001
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2159676    16,700.     CDW COMPUTERS CENTERS INC COM STK USD0.01
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2838555    29,490.     CHEVRON CORPORATION USD0.75
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2198163    84,200.     CISCO SYSTEMS COM USD0.001
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2297907    31,986.     CITIGROUP INC COM USD0.01
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2278719    21,860.     DOW CHEMICAL CO COM USD2.50
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2295172   141,650.     EMC CORPORATION (MASS) COM USD0.01
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2318024    26,700.     EOG RESOURCES INC COM STK USD0.01
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2326618    31,590.     EXXON MOBIL CORPORATION COM STK USD NPV
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2345022    26,620.     FEDERATED DEPT STORE COM STK USD0.01
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2361619    14,886.     FOUR SEASONS HOTEL LIM-VTG CAD NPV (NEWYORK LISTING)
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2380498    49,780.     GENERAL ELECTRIC COMPANY COM USD0.06
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2407966    11,510.     GOLDMAN SACHS GROUP COM STK USD0.01
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2411053    24,314.     HARLEY DAVIDSON COM STK USD0.01
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2023748    41,120.     HESS CORPORATION COM USD1
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2463247    46,400.     INTEL CORPORATION COM USD0.001
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2465760    36,200.     ITT INDUSTRIES INC COM STK USD1
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2475833    27,958.     JOHNSON & JOHNSON COM USD1
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2190385    23,400.     JP MORGAN CHASE & CO COM STK USD1
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2510723    13,080.     LEHMAN BROTHERS HOLDINGS INC COM USD0.10
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2511908    19,800.     LEXMARK INTERNATIONAL INC CLASS 'A' COMUSD0.01
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2580986    22,100.     MERRILL LYNCH & CO COM USD1.333
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2588173    62,600.     MICROSOFT CORPORATION COM USD0.0000125
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2606600    65,970.     MOTOROLA INC COM USD3
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2681511    32,400.     PEPSICO INC CAP USD0.01666667
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2686107    36,800.     PETSMART INC USD0.0001
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2684703    57,100.     PFIZER COM USD0.05
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2704407    20,450.     PROCTER & GAMBLE COM USD NPV
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2702791    14,218.     QUEST DIAGNOSTICS COM STK USD0.01
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2429090    15,183.     REYNOLDS AMERICAN USD0.01
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity                                       2746829    25,900.     ROHM & HAAS COMPANY COM USD2.50
Country of Issue Mkt Value      Mkt Val % Fund Base Currency
GBR                 126,665.09      0.27% GBP
GBR               1,000,000.00      2.11% GBP
GBR                 280,144.98      0.59% GBP
USA                     566.82      0.00% GBP
USA                        7.43     0.00% GBP
USA                 703,743.37      1.48% GBP
USA                 419,690.84      0.88% GBP
USA                 508,470.44      1.07% GBP
USA                 541,153.25      1.14% GBP
USA                 921,759.08      1.94% GBP
USA                 898,323.86      1.89% GBP
USA               1,040,180.58      2.19% GBP
USA                 518,050.34      1.09% GBP
USA                 945,153.15      1.99% GBP
USA                 620,378.69      1.31% GBP
USA               1,007,393.69      2.12% GBP
USA                 560,006.49      1.18% GBP
USA               1,337,514.53      2.82% GBP
CAN                 494,377.01      1.04% GBP
USA                 521,470.52      1.10% GBP
USA                 493,447.05      1.04% GBP
USA                 989,510.64      2.09% GBP
USA                 889,095.19      1.87% GBP
USA                 834,432.43      1.76% GBP
USA                 461,299.13      0.97% GBP
USA                 840,150.58      1.77% GBP
USA               1,000,988.35      2.11% GBP
USA               1,047,847.58      2.21% GBP
USA                 526,772.46      1.11% GBP
CAN                 494,496.41      1.04% GBP
USA                 887,107.03      1.87% GBP
USA                 936,146.25      1.97% GBP
USA                 721,578.47      1.52% GBP
USA               1,174,984.19      2.48% GBP
USA                 476,656.48      1.01% GBP
USA                 968,830.26      2.04% GBP
USA                 905,757.27      1.91% GBP
USA                 531,372.50      1.12% GBP
USA                 460,740.18      0.97% GBP
USA                 597,677.27      1.26% GBP
USA                 831,162.17      1.75% GBP
USA                 788,613.45      1.66% GBP
USA                 718,712.93      1.52% GBP
USA               1,051,767.19      2.22% GBP
USA                 509,356.33      1.07% GBP
USA                 724,574.63      1.53% GBP
USA                 614,754.94      1.30% GBP
USA                 460,621.53      0.97% GBP
USA                 946,500.45      2.00% GBP
USA                 701,850.72      1.48% GBP
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity   2754383   47,200.   ROYAL BANK CANADA COM NPV
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity   2754907   41,600.   ROYAL CARIBBEAN CRUISES COM USD0.01
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity   2767165   41,100.   SAFEWAY INC COM USD0.01
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity   2767381   19,600.   ST JUDE MEDICAL INC COM STK USD0.10
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity   2840549   19,500.   STANLEY WORKS COM USD2.50
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity   2841489   41,530.   STAPLES INC COM USD0.0006
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity   2381093   24,700.   TELUS CORPORATION COM STK CAD NPV
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity   2885937   16,513.   TEXTRON INC COM USD0.125
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity   2989301   39,100.   TJX COMPANIES INC COM STK USD1
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity   2885700   13,987.   TXU CORPORATION COM USD NPV
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity   2917766   38,458.   UNITED HEALTH GROUP COM USD0.01
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity   2915500   29,682.   UNITED TECHNOLOGIES COM USD1
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity   2922544   25,000.   UST INC COM STK USD0.50
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity   2794743   21,770.   WELLPOINT COM USD0.01
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity   2649100   22,960.   WELLS FARGO & CO COM USD1 2/3
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity   2764984   27,200.   WILLIS GROUP HOLDINGS COM USD0.00015
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity   2027104   34,600.   WYETH COM USD0.333
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity   2783815   13,700.   ZIMMER HLDGS COM USD0.01
CCFNAM - ABERDEEN GS CCF NORTH AMERICAN FUND   Equity   2989828    5,759.   ZIONS BANCORPORATION COM NPV
CAN    1,039,965.00     2.19%   GBP
USA      860,317.37     1.81%   GBP
USA      577,762.16     1.22%   GBP
USA      343,560.33     0.72%   GBP
USA      497,845.42     1.05%   GBP
USA      546,757.59     1.15%   GBP
CAN      552,744.91     1.17%   GBP
USA      822,993.88     1.74%   GBP
USA      483,266.74     1.02%   GBP
USA      452,154.70     0.95%   GBP
USA      931,117.97     1.96%   GBP
USA    1,017,778.62     2.15%   GBP
USA      610,824.25     1.29%   GBP
USA      856,534.24     1.81%   GBP
USA      832,719.74     1.76%   GBP
BMU      472,071.58     1.00%   GBP
USA      830,789.11     1.75%   GBP
USA      420,136.79     0.89%   GBP
USA      242,684.14     0.51%   GBP
      47,423,878.76   100.00%
Fund Name                            Investment Classification Name   SEDOL                 Quantity       Security Description                                     Country of Issue
EUREB - ABERDEEN GS EURO BOND FUND   Currency/Cash                    DE_CSH_FUTEUR         3,113,640.     Future exposure - Euro                                   EMU
EUREB - ABERDEEN GS EURO BOND FUND   Currency/Cash                    DE_CSH_MAREUR            70,864.41   Margin - Euro                                            EMU
EUREB - ABERDEEN GS EURO BOND FUND   Currency/Cash                    TRADEUR                   7,910.72   Trading Account - Euro                                   EMU
EUREB - ABERDEEN GS EURO BOND FUND   Currency/Cash                    TRADGBP                   1,218.51   Trading Account - UK Pound Sterling                      GBR
EUREB - ABERDEEN GS EURO BOND FUND   Currency/Cash                    TRADUSD                     398.56   Trading Account - United States Dollar                   USA
EUREB - ABERDEEN GS EURO BOND FUND   Debt                                         7780059   2,000,000.     ARENA BV 4.3% 17/02/37 SER 2004-I CL A2 EUR              NLD
EUREB - ABERDEEN GS EURO BOND FUND   Debt                             B01BJM6                 400,000.     AUTOSTRADE SPA 5% EMTN 09/06/14 EUR                      ITA
EUREB - ABERDEEN GS EURO BOND FUND   Debt                             B07RBB1                 500,000.     BANCA POPOLARE ITALIANA 2.435% 18/04/08FRN EUR           ITA
EUREB - ABERDEEN GS EURO BOND FUND   Debt                             B0F5LQ2                 250,000.     BANCA POPOLARE ITALIANA FRN 30/07/07 EMTN                ITA
EUREB - ABERDEEN GS EURO BOND FUND   Debt                             B00KVJ5                 550,000.     BAT HOLDINGS 4.375% 15/06/11 EMTN EUR                    NLD
EUREB - ABERDEEN GS EURO BOND FUND   Debt                             B0DW1F4                 400,000.     BAYER AG 5% VAR 29/07/2105 EUR                           DEU
EUREB - ABERDEEN GS EURO BOND FUND   Debt                                         7618376     550,000.     BES FINANCE 5.58% VAR 02/07/49 EUR                       PRT
EUREB - ABERDEEN GS EURO BOND FUND   Debt                                         7349591     900,000.     BES FINANCE 6.625% PERP FRN EMTN 08/02/49 EUR            CYM
EUREB - ABERDEEN GS EURO BOND FUND   Debt                             B01NYY9                 400,000.     BONDS Y OBLIG DEL ESTADO 4.4% 31/01/15 EUR               ESP
EUREB - ABERDEEN GS EURO BOND FUND   Debt                             B1528T2                 300,000.     BOUYGUES 4.5 % 24/05/13 EUR                              FRA
EUREB - ABERDEEN GS EURO BOND FUND   Debt                             B0LGS46                 760,000.     BUNDESOBLIGATION 2.5% '147' 08/10/10 EUR                 DEU
EUREB - ABERDEEN GS EURO BOND FUND   Debt                                         7772841   3,260,000.     BUNDESOBLIGATION 3.25% 17/04/09 EUR '144'                DEU
EUREB - ABERDEEN GS EURO BOND FUND   Debt                             B02Q1D5               1,230,000.     BUNDESOBLIGATION 3.5% 09/10/09 EUR SER 145               DEU
EUREB - ABERDEEN GS EURO BOND FUND   Debt                             B03QK71                 220,000.     BUNDESREPUB 4.5% 04/01/13 SER 03 EUR                     DEU
EUREB - ABERDEEN GS EURO BOND FUND   Debt                                         5598759   4,420,000.     BUNDESREPUBLIK DEUTSCHE 3 3/4% 4/1/09 EUR                DEU
EUREB - ABERDEEN GS EURO BOND FUND   Debt                                         7281466     820,000.     BUNDESREPUBLIK DEUTSCHE 5% 04/01/12 EUR                  DEU
EUREB - ABERDEEN GS EURO BOND FUND   Debt                                         7130557   3,480,000.     BUNDESREPUBLIK DEUTSCHE 5% 04/07/11 EUR '01'             DEU
EUREB - ABERDEEN GS EURO BOND FUND   Debt                                         4644910     300,000.     BUNDESREPUBLIK DEUTSCHE 5.5% 04/01/31 '00'               DEU
EUREB - ABERDEEN GS EURO BOND FUND   Debt                                         7394665     180,000.     BUNDESREPUBLIK DEUTSCHLAND 5% 04/07/12 SER 02 EUR        DEU
EUREB - ABERDEEN GS EURO BOND FUND   Debt                                         0977137   1,900,000.     CHESTER ASSET REC DEAL 11 6.125% 15/10/10 EUR 'A'        GBR
EUREB - ABERDEEN GS EURO BOND FUND   Debt                                         7086382   2,000,000.     CITI CRED CRD ISSNCE TST 5.375% 11/04/11 EUR             USA
EUREB - ABERDEEN GS EURO BOND FUND   Debt                             B0201F9                 500,000.     CITIGROUP 5% 02/08/19 EUR                                USA
EUREB - ABERDEEN GS EURO BOND FUND   Debt                             B10SWV5                 550,000.     DAIMLERCHRYSLER NA HLDG 4.375% EMTN 21/03/13 EUR         USA
EUREB - ABERDEEN GS EURO BOND FUND   Debt                                         7162903     365,000.     DEUTSCHE TELEKOM INT FINANCE 7.125% 11/07/11 EUR         NLD
EUREB - ABERDEEN GS EURO BOND FUND   Debt                             B01DP02                 530,000.     DEUTSCHLAND (FED REP OF) 4.25% 04/07/14 EUR '04'         DEU
EUREB - ABERDEEN GS EURO BOND FUND   Debt                                         7540509   2,330,000.     DEUTSCHLAND (REP OF) 4.75% 04/07/34 EUR                  DEU
EUREB - ABERDEEN GS EURO BOND FUND   Debt                                         4390741     430,000.     DEUTSCHLAND (REP OF) 6.25% 04/01/24                      DEU
EUREB - ABERDEEN GS EURO BOND FUND   Debt                             DB19679_20060703_1    1,310,000.     FD DEXIA BANQUE IN (MM 03/07/2006)                       ECC
EUREB - ABERDEEN GS EURO BOND FUND   Debt                             B064GG3               5,475,000.     FRANCE (GOVT OF) 3.5% 25/04/15 EUR                       FRA
EUREB - ABERDEEN GS EURO BOND FUND   Debt                                         5595501   5,400,000.     FRANCE (GOVT OF) 5.25% OAT 25/04/08                      FRA
EUREB - ABERDEEN GS EURO BOND FUND   Debt                                         7137989   3,410,000.     FRANCE (GOVT OF) 5.75% OAT 25/10/32                      FRA
EUREB - ABERDEEN GS EURO BOND FUND   Debt                                         7535237     290,000.     FRANCE TELECOM 8.125% EMTN 28/01/33 EUR                  FRA
EUREB - ABERDEEN GS EURO BOND FUND   Debt                             B0BRPP9               3,955,000.     FRENCH TREASURY NOTE 2.5% 12/07/10 EUR                   FRA
EUREB - ABERDEEN GS EURO BOND FUND   Debt                             B16NS49                 600,000.     GENERALI FINANCE BV 5.317% FIX-FLT PERP29/06/49-16 EUR   NLD
EUREB - ABERDEEN GS EURO BOND FUND   Debt                             B0BNKN0               2,250,000.     GERMAN POSTAL PENSIONS 2.75% SEC 18/01/11 SER 1 EUR      IRL
EUREB - ABERDEEN GS EURO BOND FUND   Debt                             B0BNJD3               2,100,000.     GERMAN POSTAL PENSIONS 3.375% 18/01/16 SER 2 EUR         IRL
EUREB - ABERDEEN GS EURO BOND FUND   Debt                             B169JW2                 700,000.     GERMAN POSTAL PENSIONS 3.75% 18/01/10 1EUR               IRL
EUREB - ABERDEEN GS EURO BOND FUND   Debt                             B169JT9                 700,000.     GERMAN POSTAL PENSIONS 4.25% 18/01/17 SER '2' EUR        IRL
EUREB - ABERDEEN GS EURO BOND FUND   Debt                                         3144187     900,000.     GRANITE MORTGAGES 02-1 5.15% VAR 20/04/07 EUR 3A         GBR
EUREB - ABERDEEN GS EURO BOND FUND   Debt                             B16TGW1                 700,000.     HAMMERSON PLC 4.875% 19/06/15 EUR                        GBR
EUREB - ABERDEEN GS EURO BOND FUND   Debt                                         3439117     600,000.     HBOS 4.875% VAR PERP 29/03/49 EUR EMTN                   GBR
EUREB - ABERDEEN GS EURO BOND FUND   Debt                             B06LJM1                 500,000.     HBOS PLC 4.5% VAR 18/03/30 EMTN EUR                      GBR
EUREB - ABERDEEN GS EURO BOND FUND   Debt                                         3407448   3,380,000.     IRELAND (REP OF) 4.5% 18/04/20 EUR                       IRL
EUREB - ABERDEEN GS EURO BOND FUND   Debt                                         5459544            0.2   ITALY (REP OF) 5% BTP 01/05/08                           ITA
EUREB - ABERDEEN GS EURO BOND FUND   Debt                                         5933305     720,000.     ITALY (REP OF) 6% 01/05/31                               ITA
Mkt Value      Mkt Val % Fund Base Currency
 3,113,640.00      3.12% EUR
    70,864.41      0.07% EUR
     7,910.72      0.01% EUR
     1,762.57      0.00% EUR
       311.71      0.00% EUR
 2,055,712.22      2.06% EUR
   405,350.68      0.41% EUR
   501,880.86      0.50% EUR
   251,954.25      0.25% EUR
   546,561.37      0.55% EUR
   372,350.96      0.37% EUR
   593,930.70      0.60% EUR
   992,042.88      1.00% EUR
   416,892.88      0.42% EUR
   298,593.49      0.30% EUR
   736,043.34      0.74% EUR
 3,245,294.27      3.26% EUR
 1,252,343.03      1.26% EUR
   231,774.82      0.23% EUR
 4,513,195.40      4.53% EUR
   883,465.19      0.89% EUR
 3,827,659.15      3.84% EUR
   360,381.37      0.36% EUR
   199,026.37      0.20% EUR
 2,135,589.59      2.14% EUR
 2,130,156.16      2.14% EUR
   540,089.73      0.54% EUR
   540,784.84      0.54% EUR
   426,229.75      0.43% EUR
   560,493.15      0.56% EUR
 2,599,067.12      2.61% EUR
   547,608.53      0.55% EUR
 1,310,104.07      1.31% EUR
 5,284,627.50      5.30% EUR
 5,606,243.01      5.62% EUR
 4,287,473.11      4.30% EUR
   387,746.88      0.39% EUR
 3,860,388.82      3.87% EUR
   592,555.44      0.59% EUR
 2,164,331.25      2.17% EUR
 1,983,108.75      1.99% EUR
   698,095.13      0.70% EUR
   696,848.90      0.70% EUR
   920,446.03      0.92% EUR
   694,833.42      0.70% EUR
   610,915.07      0.61% EUR
   471,035.96      0.47% EUR
 3,513,172.00      3.52% EUR
          0.20     0.00% EUR
   868,703.48      0.87% EUR
EUREB - ABERDEEN GS EURO BOND FUND   Debt         B114RX9               400,000.     KONINKLIJKE KPN NV 4.5% 18/03/13 EUR                        NLD
EUREB - ABERDEEN GS EURO BOND FUND   Debt         B09WN30               450,000.     LEGAL & GENERAL 4% FIX-FLOAT 08/06/25 EUR EMTN              GBR
EUREB - ABERDEEN GS EURO BOND FUND   Debt                   3100985     440,000.     MARKS & SPENCER PLC 5.125% 07/11/06 EMTN EUR                GBR
EUREB - ABERDEEN GS EURO BOND FUND   Debt                   7772142   2,790,000.     MBNA CREDIT CARD MNT 4.5% 17/01/14 EUR '04A1'               USA
EUREB - ABERDEEN GS EURO BOND FUND   Debt         B0PNSR6               450,000.     MORGAN STANLEY 4% 17/11/15 EUR                              USA
EUREB - ABERDEEN GS EURO BOND FUND   Debt                   7622106   3,200,000.     NETHERLANDS (GOVT OF) 2.75% 15/01/09 EUR                    NLD
EUREB - ABERDEEN GS EURO BOND FUND   Debt                   7309595   1,980,000.     NETHERLANDS 5% 15/07/12 EUR                                 NLD
EUREB - ABERDEEN GS EURO BOND FUND   Debt         B00FX49             2,200,000.     PERMANENT FINANCE 3.9615% 10/03/11 '5A1' EUR                GBR
EUREB - ABERDEEN GS EURO BOND FUND   Debt         B0SN594               300,000.     RBS CAPITAL TRUST 4.243% PERP FIX-FLT 12/49-16 EUR          USA
EUREB - ABERDEEN GS EURO BOND FUND   Debt                   7377417     600,000.     RBS CAPITAL TRUST 6.467% PERP 29/06/49 EUR                  GBR
EUREB - ABERDEEN GS EURO BOND FUND   Debt         B06FYB7             1,400,000.     REFER REDE FERROVIARIA NACIONAL 4% 16/03/15 EUR             PRT
EUREB - ABERDEEN GS EURO BOND FUND   Debt         B1528R0               790,000.     RESIDENTIAL CAPITAL 5.125% 17/05/12 EUR                     USA
EUREB - ABERDEEN GS EURO BOND FUND   Debt                   7547599   1,283,000.     ROMULUS FINANCE S.R.L. 4.94% 20/02/13 'A1' EUR              FRA
EUREB - ABERDEEN GS EURO BOND FUND   Debt                   7634554      49,000.     RWE FINANCE 5.125% EMTN 23/07/18 EUR                        NLD
EUREB - ABERDEEN GS EURO BOND FUND   Debt         B035F84             1,500,000.     SELF-STORAGE SECURITISATION FRN SER 1 CLS A 01/10/14 EUR    NLD
EUREB - ABERDEEN GS EURO BOND FUND   Debt                   7633692   2,200,000.     SLM STUDENT LOAN TST 3.8% 17/06/10 REGS EUR                 USA
EUREB - ABERDEEN GS EURO BOND FUND   Debt         B05L483               700,000.     SOCGEN GENERALE 4.196% VAR 26/01/15 PERP EUR                FRA
EUREB - ABERDEEN GS EURO BOND FUND   Debt         B040JH5               150,000.     SOCIETY LLOYDS 5.625% 17/11/24 EUR                          GBR
EUREB - ABERDEEN GS EURO BOND FUND   Debt         B0WHCX5             4,060,000.     SPAIN (GOVT OF) 2.9% 31/10/08 EUR                           ESP
EUREB - ABERDEEN GS EURO BOND FUND   Debt         B1273F1             1,050,000.     SRF SA FRN 26/10/07 EUR                                     FRA
EUREB - ABERDEEN GS EURO BOND FUND   Debt         B05QYS8               710,000.     STANDARD CHARTERED BANK 3.625% FIX TO FLOAT 03/02/17 EUR    GBR
EUREB - ABERDEEN GS EURO BOND FUND   Debt         B0BPG05               650,000.     SUEDZUCKER INTL FINANCE 5.25% VAR 30/06/15 PERP EUR         NLD
EUREB - ABERDEEN GS EURO BOND FUND   Debt                   7534654     585,000.     TELECOM ITALIA FIN 7.75% 24/01/33 EMTN EUR                  LUX
EUREB - ABERDEEN GS EURO BOND FUND   Debt         B0X2P18               750,000.     TELEFONICA EMISIONES SAU 3.75% 02/02/11EUR                  ESP
EUREB - ABERDEEN GS EURO BOND FUND   Debt         B0X2JY9               150,000.     TELEFONICA EMISIONES SAU 4.375% 02/02/16 EUR                ESP
EUREB - ABERDEEN GS EURO BOND FUND   Debt         B11KH71               650,000.     TESCO PLC 3.875% 24/03/11 EUR                               GBR
EUREB - ABERDEEN GS EURO BOND FUND   Debt         B0LWMP3               160,000.     UNICREDITO ITAL CAP TST 4.028% 27/10/15 FX TO FLT BND EUR   USA
EUREB - ABERDEEN GS EURO BOND FUND   Debt                   7603725   1,360,000.     UNITED MEXICAN STATES 5.375% 10/06/13 EUR                   MEX
EUREB - ABERDEEN GS EURO BOND FUND   Debt         B045BM9               125,000.     UNITED MEXICAN STATES 5.5% 17/02/20 EUR 'INTL'              MEX
EUREB - ABERDEEN GS EURO BOND FUND   Debt                   5923276   1,070,000.     UNITED MEXICAN STATES 7.5% 08/03/10 EUR                     MEX
EUREB - ABERDEEN GS EURO BOND FUND   Debt         B05KVW3               455,000.     UNITED UTILITIES WATER 4.25% 24/01/20 EMTN EUR              GBR
EUREB - ABERDEEN GS EURO BOND FUND   Debt                   7594711     430,000.     VEOLIA ENVIRONMENT 5.375% EMTN 28/05/18 EUR                 FRA
EUREB - ABERDEEN GS EURO BOND FUND   Debt         B0SKJR1               300,000.     VEOLIA ENVIRONNEME 4.3750% 11/12/20 EUR                     FRA
EUREB - ABERDEEN GS EURO BOND FUND   Debt         B0DCZR4               650,000.     WENDEL INVESTISSEMENT 4.375% 09/08/17 EUR                   FRA
EUREB - ABERDEEN GS EURO BOND FUND   Derivative             5934433         (27.   ) EUX EURO-BUND 10 YR FUTURE SEPT 06 (EXP07/09/06)            DEU
    398,435.20      0.40%   EUR
    426,087.43      0.43%   EUR
    457,224.49      0.46%   EUR
  2,888,959.01      2.90%   EUR
    436,683.39      0.44%   EUR
  3,170,901.92      3.18%   EUR
  2,186,504.51      2.19%   EUR
  2,214,202.84      2.22%   EUR
    289,086.73      0.29%   EUR
    657,030.00      0.66%   EUR
  1,367,543.01      1.37%   EUR
    785,659.71      0.79%   EUR
  1,319,313.29      1.32%   EUR
     53,290.96      0.05%   EUR
  1,518,351.33      1.52%   EUR
  2,185,175.62      2.19%   EUR
    673,343.04      0.68%   EUR
    156,341.20      0.16%   EUR
  4,046,927.36      4.06%   EUR
  1,055,503.58      1.06%   EUR
    691,362.01      0.69%   EUR
    585,845.00      0.59%   EUR
    712,550.84      0.71%   EUR
    737,891.61      0.74%   EUR
    144,463.46      0.14%   EUR
    647,189.15      0.65%   EUR
    150,058.03      0.15%   EUR
  1,401,917.18      1.41%   EUR
    126,096.27      0.13%   EUR
  1,207,312.73      1.21%   EUR
    428,419.27      0.43%   EUR
    442,968.62      0.44%   EUR
    281,211.78      0.28%   EUR
    633,851.06      0.64%   EUR
(3,113,640.00)    (3.12%)   EUR
99,673,652.16    100.00%
Fund Name                              Investment Classification Name   SEDOL       Quantity     Security Description                             Country of Issue Mkt Value     Mkt Val %
EEQTY - ABERDEEN GS EURO EQUITY FUND   Currency/Cash                    MEMEUR      (48,326.51 ) MEMO EUR ALLOCATION CLEARING ACCOUNT             ECC                (48,326.51)   (0.17%)
EEQTY - ABERDEEN GS EURO EQUITY FUND   Currency/Cash                    TRADEUR     165,284.55   Trading Account - Euro                           EMU                 165,284.55     0.58%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Currency/Cash                    TRADUSD       16,706.99  Trading Account - United States Dollar           USA                  13,066.24     0.05%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             4031976      9,600.    ADIDAS AG EUR NPV                                DEU                 358,848.00     1.25%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             5689051     25,000.    AGFA GEVAERT NV ORD EUR NPV                      BEL                 473,875.00     1.65%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             4011406      2,530.    AIR LIQUIDE (L') EUR11                           FRA                 385,192.50     1.34%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             5444012     11,100.    ALTADIS SA EUR0.60 (REGD)                        ESP                 409,701.00     1.43%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             5273131     12,700.    ALTANA AG EUR NPV                                DEU                 553,212.00     1.93%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                           B0Z5YZ2          476.    ARKEMA EUR10                                     FRA                  14,537.04     0.05%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             7088429     11,100.    AXA EUR2.29                                      FRA                 284,715.00     0.99%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                           B1747F5       11,100.    AXA EUR2.29 (S/R 30/06/06)                       FRA                   7,270.50     0.03%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             4076836   177,000.     BANCA INTESA SPA EUR0.52                         ITA                 810,438.75     2.83%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             5289202      7,100.    BARON DE LEY EUR 0.60                            ESP                 303,560.50     1.06%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             5756029     14,000.    BAYER MOTOREN WERK EUR1                          DEU                 546,840.00     1.91%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             5501906     41,100.    BBVA (BANCO-BILBAO-VIZCAYA-ARGENTARIA) EUR0.49   ESP                 661,093.50     2.31%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                           B00D9P6       20,500.    BELGACOM SA EUR NPV                              BEL                 531,462.50     1.86%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             7309681     11,900.    BNP PARIBAS EUR2                                 FRA                 891,012.50     3.11%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             5641567      9,280.    CARREFOUR EUR2.50                                FRA                 425,256.00     1.48%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             4178419      7,600.    CASINO GUICH-PERR EUR1.53                        FRA                 452,010.00     1.58%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             4325538     29,160.    COMMERZBANK AG ORD SHS EUR NPV                   DEU                 829,310.40     2.89%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             7380482     10,800.    COMPAGNIE DE SAINT-GOBAIN EUR4                   FRA                 603,180.00     2.11%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             7160628     47,900.    CORPORACION MAPFRE SA EUR0.50                    ESP                 690,957.50     2.41%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             4499013     16,200.    COSMOTE MOBILE TELECOMUNICATIONS EUR0.47         GRC                 285,120.00     1.00%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             5287488     31,400.    DEUTSCHE LUFTHANSA ORD EUR NPV (REGD) (VINK)     DEU                 452,160.00     1.58%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             4617859     26,500.    DEUTSCHE POST AG EUR NPV (REGD)                  DEU                 555,440.00     1.94%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                           B018CX9       16,500.    DEUTSCHE POSTBANK AG COM EUR NPV                 DEU                 928,290.00     3.24%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             4942904      5,570.    E.ON AG EUR NPV                                  DEU                 501,411.40     1.75%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             7145056     42,600.    ENI EUR1                                         ITA                 981,078.00     3.42%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             4359690      6,400.    FLUGHAFEN WIEN NPV                               AUT                 383,552.00     1.34%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             5176177     30,853.    FRANCE TELECOM EUR4                              FRA                 518,484.67     1.81%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                           B0C2CQ3       13,700.    GAZ DE FRANCE EUR1                               FRA                 359,556.50     1.26%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             7598003   120,000.     HERA EUR1                                        ITA                 313,050.00     1.09%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             7681248     10,610.    HYPO REAL ESTATE HOLDING EUR NPV                 DEU                 503,868.90     1.76%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             7154182     22,100.    ING GROEP NV CVA EUR0.24                         NLD                 679,133.00     2.37%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             5975943     42,300.    ITALCEMENTI DI RISP EUR1                         ITA                 540,805.50     1.89%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             5740817      9,150.    LINDE AG EUR NPV                                 DEU                 551,287.50     1.92%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                           B17P3B6        9,150.    LINDE AG EUR NPV (S/R 10/07/2006)                DEU                  27,678.75     0.10%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             5563520      7,910.    MAN AG ORD SHS EUR NPV                           DEU                 447,864.20     1.56%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             5041413     13,000.    METRO AG ORD SHS EUR NPV                         DEU                 576,160.00     2.01%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             5902941     46,890.    NOKIA (AB) OY EUR0.06                            FIN                 748,598.85     2.61%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             7103526     12,200.    PEUGEOT SA EUR1                                  FRA                 593,164.00     2.07%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             5986622     21,300.    PHILIPS ELECTRONICS (KON) EUR0.20                NLD                 520,359.00     1.82%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             5817186     36,000.    PORTUGAL TELECOM SGPS EUR1.3 (REGD)              PRT                 339,660.00     1.19%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             5064722      1,500.    PUMA AG NPV                                      DEU                 455,895.00     1.59%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             4712798      6,600.    RENAULT (REGIE NATIONAL) EUR3.81                 FRA                 554,235.00     1.93%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                           B09CBL4       23,900.    ROYAL DUTCH SHELL EUR0.07 'A' SHS                GBR                 628,689.50     2.19%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             5671735      9,500.    SANOFI-AVENTIS EUR2                              FRA                 724,612.50     2.53%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             4846288        870.    SAP AG ORD SHS EUR NPV                           DEU                 143,550.00     0.50%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             5727973      2,130.    SIEMENS AG EUR NPV (REGD)                        DEU                 144,903.90     0.51%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity                             4813345     34,900.    SKAND ENSKILDA BKN SER 'A' SWKR10                SWE                 648,884.69     2.27%
Fund Base Currency
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
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EUR
EUR
EUR
EUR
EUR
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EUR
EUR
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity     7251470 111,100.   SNAM RETE GAS EUR1.00                       ITA      381,906.25     1.33%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity     5966516   2,700.   SOCIETE GENERALE EUR1.25                    FRA      310,365.00     1.08%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity     2301109   1,578.   STRATEGIC DIAGNOSTICS COM USD0.01           USA        3,628.33     0.01%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity     7118047 10,155.    SUEZ EUR2                                   FRA      329,885.18     1.15%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity     5732524 12,300.    TELEFONICA SA EUR1                          ESP      160,084.50     0.56%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity     5636927 24,700.    THYSSENKRUPP AG EUR NPV                     DEU      661,219.00     2.31%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity     5481558 18,300.    TNT NV EUR0.48                              NLD      512,034.00     1.79%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity   B15C557    19,040.   TOTAL EUR2.5 (POST SUBDIVISION)             FRA      979,132.00     3.42%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity   B12T3J1    28,400.   UNILEVER NV EUR0.16                         NLD      503,532.00     1.76%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity     4937579 12,100.    VALEO EUR3                                  FRA      336,682.50     1.18%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity     2944935   8,334.   VERIGEN COM USD0.01                         USA            0.00     0.00%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity     5699373   9,783.   WIENERBERGER BAUSTOFFINDUSTRIE AG EUR NPV   AUT      363,780.86     1.27%
EEQTY - ABERDEEN GS EURO EQUITY FUND   Equity     5983816   3,710.   ZURICH FINANCIAL SERVICES CHF2.5            CHE      634,486.12     2.21%
                                                                                                                       28,646,725.57   100.00%
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
Fund Name                               Investment Classification Name   SEDOL                 Quantity       Security Description                                Country of Issue
EURES - ABERDEEN GS EURO RESERVE FUND   Currency/Cash                    DE_CSH_INCEUR             2,876.03   Income - Euro                                       EMU
EURES - ABERDEEN GS EURO RESERVE FUND   Currency/Cash                    DE_CSH_INCUSD                19.18   Income - United States Dollar                       USA
EURES - ABERDEEN GS EURO RESERVE FUND   Currency/Cash                    TRADEUR               1,010,336.86   Trading Account - Euro                              EMU
EURES - ABERDEEN GS EURO RESERVE FUND   Currency/Cash                    TRADUSD                   6,038.7    Trading Account - United States Dollar              USA
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B04MCB6                 500,000.     AAREAL BANK AG 3% 02/02/07 117 EUR                  DEU
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B0L9DK6                 500,000.     AAREAL BANK FRN 12/02/09 EUR                        DEU
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                                         3178357     500,000.     ABBEY NATIONAL FRN 28/06/12 EUR                     GBR
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B09MMC2                 500,000.     ABN AMRO BANK FRN 08/06/15 EUR EMTN                 NLD
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B053HC4                 500,000.     ALLG HYPOBANK RHEINBODEN FRN 05/01/07 SER 226 EUR   DEU
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B056336                 500,000.     ALLIED IRISH BANKS FRN 23/03/15 EMTN EUR            IRL
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B01JFP5               1,000,000.     ANGLO IRISH BANK CORP FRN 25/06/14 EMTNEUR          IRL
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B04Q252               1,000,000.     ANZ CAPITAL TRUST III FRN 15/12/53-14 EUR           USA
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B01BWJ4               1,000,000.     AUTOSTRADE FRN 09/06/11 EMTN EUR                    ITA
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B03FCW7                 500,000.     BANCA INTESA FRN 01/10/14 EMTN EUR                  ITA
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B0BP5Q4                 500,000.     BANCA POPOLARE DI MILANO FRN 29/06/15 EMTN EUR      ITA
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                                         7771923   1,000,000.     BANCO DE SABADELL SA FRN 18/02/14 DMTN EUR          ESP
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B0C6JT7                 500,000.     BANK OF IRELAND FRN 03/07/17 EMTN EUR               IRL
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                                         7323067     500,000.     BAYER HYPO- VEREINSBANK FRN 06/12/09 '456' EUR      DEU
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B0F59D5                 500,000.     BEAR STEARNS CO FRN 27/07/12 EUR                    USA
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B049G26               1,000,000.     BHW BAUSPARKASSE AG FRN 27/01/09 '36' EUR           DEU
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                                         5485817   1,000,000.     BNP PARIBAS PERP FRN 17/04/08 EMTN EUR              FRA
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B0V3115                 500,000.     BPE FINANCIACIONES SA FRN 23/12/15 EUR SER 'CNMV'   ESP
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                                         7636594     500,000.     CAJA MADRID FRN 28/03/13 EMTN                       ESP
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B00D8Q0               1,000,000.     CLARENVILLE CDO FRN 1X CLS A1A 15/03/16 EUR         LUX
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                                         4039624   1,000,000.     COMMERZBANK AG 2.8986% VAR 'XW' 31/12/06 EUR        DEU
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B0JL1Q6                 500,000.     DANSKE BANK FRN 09/09/13 EMTN EUR                   DNK
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B0K48T6                 500,000.     DEPFA BANK PLC FRN 15/12/15 EMTN EUR                IRL
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B0KK9P7                 500,000.     DEUTSCHE BANK AG FRN 22/09/15 EmTN EUR              DEU
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B0N1946               1,000,000.     DEUTSCHE POSTBANK AG FRN 04/11/15 EUR               DEU
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B01W532                 250,000.     EDISON FRN 19/07/11 EMTN EUR                        ITA
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B0C6HT3                 500,000.     ERSTE BANK OEST SPARKASSEN FRN 29/06/15EMTN EUR     AUT
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             DB19679_20060703_1    1,180,000.     FD DEXIA BANQUE IN (MM 03/07/2006)                  ECC
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                                         7411672   1,000,000.     FORTIS CAPITAL FUNDING PERP FRN 26/04/49-09 EUR     USA
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B05MVD0                 500,000.     GOLDMAN SACHS GROUP INC FRN 02/02/15 EMTN EUR       USA
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B012DR2               1,000,000.     HBOS FRN 01/09/16 EMTN EUR                          GBR
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                                         3439634   1,000,000.     HBOS PERP FRN 13/03/49-14 EMTN EUR                  GBR
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                                         0696216     500,000.     HBOS PLC FRN 26/08/10 EUR                           GBR
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B0L4VW9                 500,000.     HSBC BANK PLC FRN 30/09/20 EMTN EUR                 GBR
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B0J1VL1                 500,000.     HSBC FINANCE CORP FRN 14/09/10 EMTN EUR             USA
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B068J33                 220,000.     HYPOTHEKENBANK IN ESSEN FRN SUB 31/12/08 EUR        DEU
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                                         7547254     500,000.     IKB FUNDING TRUST I PERP FRN 31/12/08-49 EUR        USA
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B0LMG95                 400,000.     JP MORGAN CHASE & CO FRN 2.591% EMTN 12/10/15 EUR   USA
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B01KHS5                 500,000.     KAUPTHING BANK HF FRN 30/06/14 EMTN EUR             ISL
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B01WLZ6                 600,000.     KLONINKLIJKE KPN NV FRN 21/07/09 EMTN EUR           NLD
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B06KLY4                 500,000.     LANDSBANKI ISLANDS 2.486% 23/03/15 FRN EUR          ISR
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B00KMW5               1,500,000.     LEHMAN BROTHERS HOLDINGS FRN 05/04/11 EMTN EUR      USA
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                             B01R4G3                 700,000.     LLOYDS TSB BANK FRN 09/07/16 EMTN EUR               GBR
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                                         0746177   1,000,000.     LLOYDS TSB BANK FRN 15/07/49-09 EUR                 GBR
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                                         7617652     500,000.     MACQUARIE BANK FRN 20/06/13 EUR EMTN                AUS
EURES - ABERDEEN GS EURO RESERVE FUND   Debt                                         3427048     500,000.     MERRILL LYNCH & CO FRN 09/02/09 EMTN EUR            USA
Mkt Value     Mkt Val % Fund Base Currency
     2,876.03     0.01% EUR
        15.00     0.00% EUR
 1,010,336.86     2.32% EUR
     4,722.76     0.01% EUR
   504,332.19     1.16% EUR
   502,318.95     1.15% EUR
   502,145.86     1.15% EUR
   501,833.58     1.15% EUR
   501,093.72     1.15% EUR
   501,451.16     1.15% EUR
 1,004,336.92     2.30% EUR
 1,003,736.98     2.30% EUR
 1,006,297.33     2.31% EUR
   502,791.64     1.15% EUR
   499,923.49     1.15% EUR
 1,009,766.77     2.31% EUR
   504,628.36     1.16% EUR
   503,850.00     1.15% EUR
   504,169.67     1.16% EUR
 1,002,748.89     2.30% EUR
 1,008,034.62     2.31% EUR
   499,159.86     1.14% EUR
   501,854.66     1.15% EUR
 1,013,248.22     2.32% EUR
 1,029,993.00     2.36% EUR
   500,865.50     1.15% EUR
   498,783.13     1.14% EUR
   499,877.89     1.15% EUR
 1,001,404.71     2.30% EUR
   255,557.50     0.59% EUR
   500,276.90     1.15% EUR
 1,180,093.74     2.71% EUR
 1,022,372.08     2.34% EUR
   503,896.42     1.16% EUR
 1,006,601.81     2.31% EUR
 1,004,445.00     2.30% EUR
   516,942.43     1.18% EUR
   498,325.00     1.14% EUR
   501,350.67     1.15% EUR
   231,928.19     0.53% EUR
   512,500.00     1.17% EUR
   403,176.61     0.92% EUR
   491,313.81     1.13% EUR
   604,418.33     1.39% EUR
   485,073.43     1.11% EUR
 1,519,152.00     3.48% EUR
   708,991.33     1.63% EUR
 1,028,992.50     2.36% EUR
   505,551.80     1.16% EUR
   503,845.39     1.15% EUR
EURES - ABERDEEN GS EURO RESERVE FUND   Debt   B0P2P49               500,000.   MERRILL LYNCH FRN 2.571% 15/11/11 EUR             NLD
EURES - ABERDEEN GS EURO RESERVE FUND   Debt   B039QX8               500,000.   NATEXIS BANQUES POPULAIRES FRN 04/11/16EMTN EUR   FRA
EURES - ABERDEEN GS EURO RESERVE FUND   Debt   B08KVS6               500,000.   NORDEA BANK FRN 20/05/15 EMTN EUR                 SWE
EURES - ABERDEEN GS EURO RESERVE FUND   Debt   B0122L9             1,000,000.   RCI BANQUE SA FRN 26/05/09 EMTN EUR               FRA
EURES - ABERDEEN GS EURO RESERVE FUND   Debt   B01RYG3             1,000,000.   ROYAL BANK OF SCOTLAND FRN 03/07/49-14 EMTN EUR   GBR
EURES - ABERDEEN GS EURO RESERVE FUND   Debt   B02T4T1               900,000.   SANTANDER ISSUANCES FRN 30/09/14 EUR              ESP
EURES - ABERDEEN GS EURO RESERVE FUND   Debt   B0L4ZX8               400,000.   SKANDINAVISKA ENSKILDA FRN 28/09/17 EUR           SWE
EURES - ABERDEEN GS EURO RESERVE FUND   Debt   B00VY77               500,000.   SLM CORP FRN 26/04/11 EMTN EUR                    USA
EURES - ABERDEEN GS EURO RESERVE FUND   Debt   B0B2JZ2               500,000.   SNS REAAL GROEP FRN 15/06/12 EMTN EUR             NLD
EURES - ABERDEEN GS EURO RESERVE FUND   Debt             7790229     500,000.   SOCIETE GENERALE FRN 15/03/16 EMTN EUR            FRA
EURES - ABERDEEN GS EURO RESERVE FUND   Debt   B01RYH4               500,000.   STANDARD LIFE FUNDING BV FRN 02/12/14 EMTN EUR    NLD
EURES - ABERDEEN GS EURO RESERVE FUND   Debt             3202977   1,000,000.   SVENSKA HANDELSBANKEN FRN 17/09/12 EMTNEUR        SWE
EURES - ABERDEEN GS EURO RESERVE FUND   Debt   B0LK4R3               500,000.   UNICREDITO ITALIANO SPA FRN 15/06/15 EUR          ITA
EURES - ABERDEEN GS EURO RESERVE FUND   Debt   B06CCM5               750,000.   UNICREDITO ITALIANO SPA FRN 18/02/15 EMTN EUR     ITA
EURES - ABERDEEN GS EURO RESERVE FUND   Debt             7687503   1,000,000.   UNION BANK OF NORWAY FRN EMTN 28/06/12 EUR        NOR
EURES - ABERDEEN GS EURO RESERVE FUND   Debt   B01C7L4               500,000.   VOLKSWAGEN LEASING GMBH FRN 24/03/09 EMTN EUR     DEU
EURES - ABERDEEN GS EURO RESERVE FUND   Debt             5719572     850,000.   WUESTENROT BANK PFANDBRF FRN 31/12/08 EUR         DEU
   502,849.08     1.15%   EUR
   503,964.20     1.16%   EUR
   501,330.45     1.15%   EUR
 1,006,774.17     2.31%   EUR
 1,013,295.33     2.32%   EUR
   901,309.05     2.07%   EUR
   399,512.24     0.92%   EUR
   504,578.40     1.16%   EUR
   500,127.32     1.15%   EUR
   504,164.70     1.16%   EUR
   497,335.11     1.14%   EUR
 1,008,708.69     2.31%   EUR
   500,884.54     1.15%   EUR
   749,752.02     1.72%   EUR
 1,005,725.06     2.31%   EUR
   503,605.38     1.15%   EUR
   909,886.89     2.09%   EUR
43,625,205.32   100.00%
Fund Name                                 Investment Classification Name   SEDOL     Quantity      Security Description                                           Country of Issue
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Currency/Cash                    MEMUSD      45,452.25   MEMO USD ALLOCATION CLEARING ACCOUNT                           USA
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Currency/Cash                    TRADEUR        (32.22 ) Trading Account - Euro                                         EMU
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Currency/Cash                    TRADGBP        198.24   Trading Account - UK Pound Sterling                            GBR
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Currency/Cash                    TRADUSD    560,662.3    Trading Account - United States Dollar                         USA
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Currency/Cash                    REVUSDR    120,599.97   USD REV A/C -REVUSDRUSD REV A/C -REVUSDR                       USA
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                           B0L1302     24,000.     ABERDEEN GLOBAL INDIA OPPS FUND STERLING CL D2 ACC             IND
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             2019952   15,300.     ALLSTATE CORP COM USD0.01                                      USA
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             2692632   21,400.     ALTRIA GROUP INC COM USD0.333333                               USA
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             6022105   93,000.     AMADA COMPANY NPV                                              JPN
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                           B0Z5YZ2        300.     ARKEMA EUR10                                                   FRA
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             6985383   19,700.     ASTELLAS PHARMA COMPANY LIMITED COM JPY NPV                    JPN
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             0989529   16,800.     ASTRAZENECA ORD USD0.25 (GBP QUOTED)                           GBR
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             6075756 185,000.      BANK OF KYOTO NPV                                              JPN
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                           B00D9P6     43,500.     BELGACOM SA EUR NPV                                            BEL
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             7309681    9,400.     BNP PARIBAS EUR2                                               FRA
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             0287580   35,300.     BRITISH AMERICAN TOBACCO ORD GBP0.25                           GBR
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             2180632   30,800.     CANADIAN NATIONAL RAILWAYS COM SHS CAD NPV                     CAN
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             6172323   39,150.     CANON INC JPY NPV                                              JPN
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             2159676   13,600.     CDW COMPUTERS CENTERS INC COM STK USD0.01                      USA
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                           B033F22    345,500.     CENTRICA ORD GBP0.061728395                                    GBR
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             6073556 489,000.      CHINA MOBILE (HK) HKD0.10                                      HKG
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             6197928 149,000.      CITY DEVELOPMENTS SGD0.50                                      SGP
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             4325538   51,400.     COMMERZBANK AG ORD SHS EUR NPV                                 DEU
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             7160628   46,100.     CORPORACION MAPFRE SA EUR0.50                                  ESP
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             6250508   32,100.     DAITO TRUST CONSTRUCTION NPV                                   JPN
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             4617859   45,300.     DEUTSCHE POST AG EUR NPV (REGD)                                DEU
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                           B018CX9     31,000.     DEUTSCHE POSTBANK AG COM EUR NPV                               DEU
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             4942904   15,000.     E.ON AG EUR NPV                                                DEU
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             7145056   40,200.     ENI EUR1                                                       ITA
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             2318024   13,700.     EOG RESOURCES INC COM STK USD0.01                              USA
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             2326618   30,300.     EXXON MOBIL CORPORATION COM STK USD NPV                        USA
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             2380498   36,100.     GENERAL ELECTRIC COMPANY COM USD0.06                           USA
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             2639361   37,000.     GRUPO AEROPORTUARIO DE SURESTE ADS REP 10 SERIES 'B' USD NPV   MEX
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             2569286   40,000.     ICICI BANK ADR REP 2 ORD INR10 (SPON)                          IND
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             7154182   47,500.     ING GROEP NV CVA EUR0.24                                       NLD
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             2463247   48,800.     INTEL CORPORATION COM USD0.001                                 USA
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             2475833   33,900.     JOHNSON & JOHNSON COM USD1                                     USA
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             5041413   16,200.     METRO AG ORD SHS EUR NPV                                       DEU
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             6335171      135.     MITSUBISHI UFJ FINANCIAL GROUP COM JPY NPV                     JPN
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             0604316 413,800.      MORRISON (W) SUPERMARKETS ORD GBP0.10                          GBR
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             7123870    3,000.     NESTLE SA CHF1 (REGD)                                          CHE
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             5380031 112,800.      NORDEA BANK EUR0.39632 (STOCKHOLM QUOTE)                       SWE
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             6129277      950.     NTT DOCOMO JPY NPV                                             JPN
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             6659428   33,200.     OMRON CORPORATION JPY50                                        JPN
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             6661144    3,500.     ORIX CORPORATION JPY50                                         JPN
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                           B0F9V20    222,000.     OVERSEA-CHINESE BANKING CORP SGD0.5 (POST SUBDIVSION)          SGP
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             6226576 826,000.      PETROCHINA H CNY1                                              CHN
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             2683410   24,700.     PETROL BRASILEIROS SPON ADR REP 4 PRF SHS USD                  BRA
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             7103526   31,500.     PEUGEOT SA EUR1                                                FRA
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity                             5986622   38,600.     PHILIPS ELECTRONICS (KON) EUR0.20                              NLD
Mkt Value      Mkt Val % Fund Base Currency
    45,452.25      0.05% USD
       (41.20)   (0.00%) USD
       366.65      0.00% USD
   560,662.30      0.61% USD
   120,599.97      0.13% USD
 1,155,006.98      1.27% USD
   837,369.00      0.92% USD
 1,571,402.00      1.72% USD
   973,402.48      1.07% USD
    11,714.88      0.01% USD
   722,066.25      0.79% USD
 1,014,204.44      1.11% USD
 1,994,598.34      2.19% USD
 1,441,968.13      1.58% USD
   899,937.46      0.99% USD
   889,237.75      0.97% USD
 1,350,415.18      1.48% USD
 1,916,146.25      2.10% USD
   743,240.00      0.81% USD
 1,822,803.20      2.00% USD
 2,793,782.26      3.06% USD
   878,642.96      0.96% USD
 1,869,133.62      2.05% USD
   850,284.74      0.93% USD
 1,774,675.31      1.94% USD
 1,214,051.52      1.33% USD
 2,230,021.55      2.44% USD
 1,726,545.02      1.89% USD
 1,183,770.82      1.30% USD
   949,958.00      1.04% USD
 1,858,905.00      2.04% USD
 1,189,856.00      1.30% USD
 1,242,830.00      1.36% USD
   946,000.00      1.04% USD
 1,866,396.06      2.04% USD
   927,200.00      1.02% USD
 2,031,288.00      2.23% USD
   918,041.69      1.01% USD
 1,883,611.15      2.06% USD
 1,488,593.67      1.63% USD
   940,101.52      1.03% USD
 1,344,729.74      1.47% USD
 1,391,987.11      1.53% USD
   848,042.72      0.93% USD
   854,218.64      0.94% USD
   923,051.77      1.01% USD
   880,021.70      0.96% USD
 1,972,048.00      2.16% USD
 1,958,272.60      2.15% USD
 1,205,753.16      1.32% USD
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity     5817186    80,500.   PORTUGAL TELECOM SGPS EUR1.3 (REGD)                PRT
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity     2704407    13,900.   PROCTER & GAMBLE COM USD NPV                       USA
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity     6715740    54,200.   QBE INSURANCE GROUP NPV                            AUS
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity     2702791    16,000.   QUEST DIAGNOSTICS COM STK USD0.01                  USA
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity     0434256 187,000.     RESOLUTION ORD GBP0.05                             GBR
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity     2429090     8,100.   REYNOLDS AMERICAN USD0.01                          USA
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity     4773096     7,100.   SAMSUNG ELECTRONICS GDR-REP 1/2 N/VTG PRF (144A)   KOR
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity   B125RK8      85,200.   SCOTTISH POWER PLC ORD GBP0.42                     GBR
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity     6793423 133,000.     SEINO HOLDINGS JPY50                               JPN
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity   B0FS5D6      47,500.   SEVEN & I HOLDINGS CO LTD COM JPY NPV              JPN
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity     7251470 215,000.     SNAM RETE GAS EUR1.00                              ITA
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity     6867760 1,101,500.   SWIRE PACIFIC HKD0.12 B SHS                        HKG
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity     2113382 147,391.     TAIWAN SEMICONDUCTOR ADS REP 5 ORD TWD10           TWN
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity     6870445    21,800.   TAKEDA PHARAMACEUTICAL CO JPY50                    JPN
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity   B15C557      12,000.   TOTAL EUR2.5 (POST SUBDIVISION)                    FRA
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity     6900643    23,000.   TOYOTA MOTOR CORPORATION JPY50                     JPN
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity     7126114     7,800.   UBS AG REG CHF 0.80                                CHE
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity     2915500    28,400.   UNITED TECHNOLOGIES COM USD1                       USA
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity     0719210 613,800.     VODAFONE GROUP ORD USD0.10 (UK REGD)               GBR
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity     0946580 106,600.     WEIR GROUP ORD GBP0.125                            GBR
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity     2794743    16,500.   WELLPOINT COM USD0.01                              USA
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity     2764984    43,200.   WILLIS GROUP HOLDINGS COM USD0.00015               BMU
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity     2027104    39,700.   WYETH COM USD0.333                                 USA
GLOITY - ABERDEEN GS GLOBAL EQUITY FUND   Equity     5983816     8,000.   ZURICH FINANCIAL SERVICES CHF2.5                   CHE
   971,148.01     1.06%   USD
   772,840.00     0.85%   USD
   827,108.33     0.91%   USD
   958,720.00     1.05%   USD
 2,317,301.19     2.54%   USD
   933,930.00     1.02%   USD
 1,722,637.50     1.89%   USD
   918,701.08     1.01%   USD
 1,403,704.73     1.54%   USD
 1,562,349.71     1.71%   USD
   944,993.46     1.04%   USD
 2,109,535.34     2.31%   USD
 1,353,049.38     1.48%   USD
 1,353,978.10     1.48%   USD
   789,047.57     0.86%   USD
 1,203,166.74     1.32%   USD
   853,542.39     0.94%   USD
 1,801,128.00     1.97%   USD
 1,308,379.99     1.43%   USD
   853,711.59     0.94%   USD
 1,200,705.00     1.32%   USD
 1,386,720.00     1.52%   USD
 1,763,077.00     1.93%   USD
 1,749,386.79     1.92%   USD
91,271,228.54   100.00%
Fund Name                               Investment Classification Name   SEDOL              Quantity              Security Description                           Country of Issue
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FAUDUSDL060728             660,000.      BUY AUD:SELL USD 28/07/06                      AUS
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FCADEURL060728           2,510,000.      BUY CAD:SELL EUR 28/07/06                      CAN
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FCHFUSDL060728           1,293,000.      BUY CHF:SELL USD 28/07/06                      CHE
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FCNYUSDL060728          24,800,000.      BUY CNY:SELL USD 28/07/06                      CHN
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FEURGBPL060728           1,183,139.67    BUY EUR:SELL GBP 28/07/06                      EMU
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FEURPLNL060728                3,626.07   BUY EUR:SELL PLN 28/07/06                      EMU
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FEURSEKL060728           2,141,848.26    BUY EUR:SELL SEK 28/07/06                      EMU
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FEURUSDL060728           4,452,000.      BUY EUR:SELL USD 28/07/06                      EMU
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FJPYEURL060728        579,720,000.       BUY JPY:SELL EUR 28/07/06                      JPN
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FJPYUSDL060728      1,555,212,000.       BUY JPY:SELL USD 28/07/06                      JPN
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FNOKUSDL060728           2,600,000.      BUY NOK:SELL USD 28/07/06                      NOR
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FPLNEURL060728             149,000.      BUY PLN:SELL EUR 28/07/06                      POL
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FPLNUSDL060728           3,001,000.      BUY PLN:SELL USD 28/07/06                      POL
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FSEKUSDL060728          52,070,000.      BUY SEK:SELL USD 28/07/06                      SWE
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FSGDUSDL060728             700,000.      BUY SGD:SELL USD 28/07/06                      SGP
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FUSDCADL060728           2,773,352.92    BUY USD:SELL CAD 28/07/06                      USA
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FUSDGBPL060728           1,756,019.05    BUY USD:SELL GBP 28/07/06                      USA
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FUSDMXNL060728           1,826,024.81    BUY USD:SELL MXN 28/07/06                      USA
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    DE_CSH_FUTEUR            5,766,000.      Future exposure - Euro                         EMU
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    DE_CSH_FUTUSD          (9,122,765.63 ) Future exposure - United States Dollar           USA
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    DE_CSH_MAREUR              131,365.15    Margin - Euro                                  EMU
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    DE_CSH_MARUSD              216,742.8     Margin - United States Dollar                  USA
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FCADUSDS060728         (3,158,000.     ) SELL CAD:BUY USD 28/07/06                      CAN
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FEURCADS060728         (1,784,583.34 ) SELL EUR:BUY CAD 28/07/06                        EMU
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FEURJPYS060728         (4,102,462.43 ) SELL EUR:BUY JPY 28/07/06                        EMU
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FGBPEURS060728           (804,767.5    ) SELL GBP:BUY EUR 28/07/06                      GBR
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FGBPUSDS060728           (919,000.     ) SELL GBP:BUY USD 28/07/06                      GBR
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FMXNUSDS060728        (20,794,000.     ) SELL MXN:BUY USD 28/07/06                      MEX
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FSEKEURS060728        (19,900,000.     ) SELL SEK:BUY EUR 28/07/06                      SWE
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FUSDAUDS060728           (490,644.     ) SELL USD:BUY AUD 28/07/06                      USA
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FUSDCHFS060728         (1,018,109.08 ) SELL USD:BUY CHF 28/07/06                        USA
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FUSDCNYS060728         (3,130,519.06 ) SELL USD:BUY CNY 28/07/06                        USA
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FUSDEURS060728         (6,334,049.74 ) SELL USD:BUY EUR 28/07/06                        USA
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FUSDJPYS060728        (13,280,822.04 ) SELL USD:BUY JPY 28/07/06                        USA
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FUSDNOKS060728           (415,003.99 ) SELL USD:BUY NOK 28/07/06                        USA
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FUSDPLNS060728           (951,593.32 ) SELL USD:BUY PLN 28/07/06                        USA
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FUSDSEKS060728         (6,945,216.77 ) SELL USD:BUY SEK 28/07/06                        USA
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    FUSDSGDS060728           (441,515.03 ) SELL USD:BUY SGD 28/07/06                        USA
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    TRADEUR                      31,254.29   Trading Account - Euro                         EMU
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    TRADJPY               (34,311,372.     ) Trading Account - Japanese Yen                 JPN
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    TRADMXN                    (12,840.55 ) Trading Account - MXN                           MEX
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    TRADGBP                  (177,119.46 ) Trading Account - UK Pound Sterling              GBR
WORNDS - ABERDEEN GS WORLD BONDS FUND   Currency/Cash                    TRADUSD                    530,861.29    Trading Account - United States Dollar         USA
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                                        5876381       4,231,000.      BELGIUM (KINGDOM OF) 5.75% 28/9/2010           BEL
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                             B02Q1D5                  1,100,000.      BUNDESOBLIGATION 3.5% 09/10/09 EUR SER 145     DEU
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                                        5598759       4,350,000.      BUNDESREPUBLIK DEUTSCHE 3 3/4% 4/1/09 EUR      DEU
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                                        7130557       6,000,000.      BUNDESREPUBLIK DEUTSCHE 5% 04/07/11 EUR '01'   DEU
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                             B0V3QP4                  3,290,000.      BUNDESSCHATZANWEISUNGEN 2.75% 14/12/07 EUR     DEU
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                                        2176352       1,280,000.      CANADA (GOVT OF) 5% BDS 01/06/14 CAD           CAN
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                                        2145578         760,000.      CANADA (GOVT OF) 5.75% BDS 01/06/29 CAD        CAN
Mkt Value        Mkt Val % Fund Base Currency
     490,142.85      0.31% USD
   2,259,015.31      1.45% USD
   1,059,047.97      0.68% USD
   3,112,202.83      2.00% USD
   1,515,968.04      0.97% USD
        4,646.12     0.00% USD
   2,744,370.42      1.76% USD
   5,704,389.67      3.66% USD
   5,093,433.14      3.27% USD
  13,664,128.10      8.78% USD
     418,731.18      0.27% USD
      46,798.88      0.03% USD
     942,573.32      0.61% USD
   7,247,115.51      4.65% USD
     443,267.15      0.28% USD
   2,773,352.92      1.78% USD
   1,756,019.05      1.13% USD
   1,826,024.81      1.17% USD
   7,372,627.24      4.74% USD
 (9,122,765.63)    (5.86%) USD
     167,968.48      0.11% USD
     216,742.80      0.14% USD
 (2,842,219.25)    (1.83%) USD
 (2,286,603.51)    (1.47%) USD
 (5,256,523.90)    (3.38%) USD
 (1,489,411.65)    (0.96%) USD
 (1,700,825.77)    (1.09%) USD
 (1,839,254.83)    (1.18%) USD
 (2,769,686.93)    (1.78%) USD
   (490,644.00)    (0.32%) USD
 (1,018,109.08)    (0.65%) USD
 (3,130,519.06)    (2.01%) USD
 (6,334,049.74)    (4.07%) USD
(13,280,822.04)    (8.53%) USD
   (415,003.99)    (0.27%) USD
   (951,593.32)    (0.61%) USD
 (6,945,216.77)    (4.46%) USD
   (441,515.03)    (0.28%) USD
      39,962.93      0.03% USD
   (295,464.66)    (0.19%) USD
      (1,137.57)   (0.00%) USD
   (327,591.30)    (0.21%) USD
     530,861.29      0.34% USD
   6,048,406.63      3.88% USD
   1,432,051.10      0.92% USD
   5,679,351.69      3.65% USD
   8,438,259.99      5.42% USD
   4,224,041.78      2.71% USD
   1,188,410.94      0.76% USD
     792,056.07      0.51% USD
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt         B0201F9                   600,000.      CITIGROUP 5% 02/08/19 EUR                                  USA
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                     7540509     2,900,000.      DEUTSCHLAND (REP OF) 4.75% 04/07/34 EUR                    DEU
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                     4640424     1,820,000.      DEUTSCHLAND (REP OF) 5.25% 04/01/11                        DEU
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                     5244676     2,200,000.      DEUTSCHLAND (REP OF) 6% 04/07/07                           DEU
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                     4390741       975,000.      DEUTSCHLAND (REP OF) 6.25% 04/01/24                        DEU
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt         DB19256_20060703_1      9,900,000.      FD DEXIA BANQUE IN (MM 03/07/2006)                         USA
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt         B064GG3                 8,000,000.      FRANCE (GOVT OF) 3.5% 25/04/15 EUR                         FRA
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                     7137989     3,130,000.      FRANCE (GOVT OF) 5.75% OAT 25/10/32                        FRA
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt         B0BRPP9                 1,420,000.      FRENCH TREASURY NOTE 2.5% 12/07/10 EUR                     FRA
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                     3407448     2,160,000.      IRELAND (REP OF) 4.5% 18/04/20 EUR                         IRL
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt         DB5829P                 (450,000.     ) IRS CGM PAY EUR 3.285% 05/04/2010                          ECC
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt         DB5829R                   450,000.      IRS CGM REC EUR 6M EIBOR 05/04/2010                        ECC
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt         DB5807P                 (300,000.     ) IRS DB PAY EUR 3.663% 10/06/2013                           ECC
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt         DB5807R                   300,000.      IRS DB REC EUR 6M EIBOR 10/06/2013                         ECC
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                     6424842   719,000,000.      JAPAN (GOVT OF) 1.4% 20/12/11 JPY '235'                    JPN
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                     6743291    43,000,000.      JAPAN (GOVT OF) 2% 20/12/33 JPY '13'                       JPN
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt         B0MHNN2               965,000,000.      JAPAN (GOVT OF) 5YR ISSUE 0.80% 20/09/10 JPY SER 50        JPN
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt         B073FY0               992,000,000.      JAPAN -269 (10 YEAR ISSUE) 1.3% 20/03/15 JPY SER '269'     JPN
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt         B06BRT4               595,000,000.      JAPAN- 74 (20 YEAR ISSUE) 2.1% 20/12/24 JPY SER '74'       JPN
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                     7339978       650,000.      MBNA 5.6% 2002-A2 CLS 1 17/07/14                           USA
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                     7772142       170,000.      MBNA CREDIT CARD MNT 4.5% 17/01/14 EUR '04A1'              USA
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt         B00L4V1                 5,200,000.      MEXICO (UNITED MEXICAN STATES) 8% 07/12/23 MXN 'M 20'      MEX
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt         B014ZQ1                17,100,000.      MEXICO (UNITED MEXICAN STATES) 8% 19/12/13 MXN 'MI10'      MEX
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                     7622106     3,320,000.      NETHERLANDS (GOVT OF) 2.75% 15/01/09 EUR                   NLD
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                     7309595     2,400,000.      NETHERLANDS 5% 15/07/12 EUR                                NLD
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                     7342802       130,000.      OLIVETTI FINANCE 7.25% EMTN 24/04/12 EUR                   NLD
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                     7224427       580,000.      PEMEX PROJ FDG MASTER TR 9.125% 13/10/10 USD               USA
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt         B03BM69                   800,000.      RABOBANK CAP FUNDING TST III 5.254 PERPVAR 21/10/49 REGS   USA
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                     3245239       600,000.      UK TREASURY 4.25% 07/03/36 GBP                             GBR
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                     0489308       670,000.      UK TREASURY 4.25% 07/06/32                                 GBR
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                     3328033     1,800,000.      UK TREASURY 4.75% 07/09/15 GBP                             GBR
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                     0999799       590,000.      UK TREASURY 8% 07/06/21                                    GBR
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                     7603725       300,000.      UNITED MEXICAN STATES 5.375% 10/06/13 EUR                  MEX
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt         B03ZBB9                 3,400,000.      US TREASURY 4.25% 15/11/14 USD                             USA
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                     2790053     2,950,000.      US TREASURY 5% 15/08/11                                    USA
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                     2246363     6,900,000.      US TREASURY 5.625% 15/05/08                                USA
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                     2448631     5,700,000.      US TREASURY 6% 15/08/09                                    USA
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                     2124555     2,330,000.      US TREASURY 6.125% 15/11/27                                USA
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                     2944021    11,710,000.      US TREASURY 6.625% 15/05/07                                USA
WORNDS - ABERDEEN GS WORLD BONDS FUND   Debt                     2916934     3,255,000.      US TREASURY 8.125% 15/08/19                                USA
WORNDS - ABERDEEN GS WORLD BONDS FUND   Derivative               5934433           (50.    ) EUX EURO-BUND 10 YR FUTURE SEPT 06 (EXP07/09/06)           DEU
WORNDS - ABERDEEN GS WORLD BONDS FUND   Derivative               3923776             87.     US 10YR NOTE SEP06 FUTURE EXP 20/09/06)                    USA
     828,695.16      0.53%   USD
   4,136,254.10      2.66%   USD
   2,520,060.41      1.62%   USD
   3,050,681.43      1.96%   USD
   1,587,647.21      1.02%   USD
   9,900,000.00      6.36%   USD
   9,873,426.15      6.34%   USD
   5,031,981.16      3.23%   USD
   1,772,231.87      1.14%   USD
   2,870,675.49      1.84%   USD
   (566,536.48)    (0.36%)   USD
     579,466.23      0.37%   USD
   (373,066.53)    (0.24%)   USD
     384,155.21      0.25%   USD
   6,265,036.99      4.02%   USD
     338,844.05      0.22%   USD
   8,296,861.36      5.33%   USD
   8,323,357.83      5.35%   USD
   5,081,709.48      3.26%   USD
     907,914.32      0.58%   USD
     225,078.35      0.14%   USD
     423,477.45      0.27%   USD
   1,501,689.88      0.96%   USD
   4,206,477.33      2.70%   USD
   3,388,785.40      2.18%   USD
     188,140.81      0.12%   USD
     647,870.07      0.42%   USD
     726,316.70      0.47%   USD
   1,108,599.46      0.71%   USD
   1,215,865.34      0.78%   USD
   3,385,266.04      2.17%   USD
   1,485,527.34      0.95%   USD
     395,414.28      0.25%   USD
   3,216,721.30      2.07%   USD
   2,997,056.66      1.93%   USD
   7,005,123.23      4.50%   USD
   5,971,603.24      3.84%   USD
   2,591,396.87      1.66%   USD
 11,937,340.87       7.67%   USD
   4,220,528.75      2.71%   USD
 (7,372,627.24)    (4.74%)   USD
   9,122,765.63      5.86%   USD
155,690,823.38    100.00%
Fund Name                                      Investment Classification Name   SEDOL     Quantity   Security Description                                      Country of Issue
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Currency/Cash                    TRADUSD 655,283.28   Trading Account - United States Dollar                    USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                             2024332   3,300.   AMEDISYS INC COM USD0.001                                 USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                             2050917   2,100.   ARTHROCARE CORP COM USD0.001                              USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                           B00CSK1     4,540.   BLACKBOARD COM USD0.01                                    USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                             2170309   2,900.   BUFFALO WILD WINGS COM USD NPV                            USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                             2092801   4,540.   CARRIZO OIL & GAS COM USD0.01                             USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                             2184195   4,875.   CELADON GROUP COM USD0.033                                USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                           B081PN2     4,810.   DIAMOND FOODS COM USD0.001                                USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                             2321914   4,180.   ESSEX CORP COM USD NPV                                    USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                             2758233   2,670.   FIDELITY BANKSHARES COM USD0.01                           USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                             2369851   2,970.   GENERAL CABLE COM USD0.01                                 USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                             2387596   2,850.   GREEN MOUNTAIN COFFEE ROASTERS USD0.1                     USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                             2432388   6,060.   JUPITERMEDIA COM STK USD0.01                              USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                             2073602   1,460.   LCA-VISION INC COM USD0.001                               USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                             2250353   3,030.   MARINEMAX INC COM USD0.001                                USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                             2568357   5,015.   MARTEN TRANSPORT COM USD0.01                              USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                             2695608   3,520.   MATRIA HEALTHCARE COM USD0.01                             USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                           B01YX34     4,180.   MCCORMICKS & SCHMICK'S SEAFOOD RESTAURANTS COM USD0.001   USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                             2572358   3,920.   MEASUREMENT SPECIALTIES COM NPV                           USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                             2578033   8,550.   MENTOR GRAPHICS CP COM USD NPV                            USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                             2643168   5,520.   MOVADO GROUP COM USD0.01                                  USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                           B0FZ5Q0     3,960.   MWI VETERINARY SUPPLY INC USD0.01                         USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                             2618898   2,200.   NS GROUP COM USD NPV                                      USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                             2133045   5,520.   POWER INTEGRATIONS COM USD0.001                           USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                             2486578   2,220.   PRIVATEBANCORP INC COM USD NPV                            USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                             2918576   3,390.   PROVIDENCE SERVICE CORP USD0.001                          USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                             2966144   3,030.   RED ROBIN GOURMET BERGERS COM USD0.001                    USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                             2233848   2,220.   SONOSITE COM USD0.01                                      USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                             2188250   5,160.   SYMBION COM USD0.01                                       USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                             2977209   4,160.   TEXAS CAPITAL BANCSHARES COM USD0.01                      USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                             2952701   5,970.   WILD OATS MARKETS COM STK US$0.001                        USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                             2545297   5,520.   WITNESS SYSTEMS INC COM USD0.01                           USA
AMMCSC - ABERDEEN GS AMERICAN MICRO-CAP FUND   Equity                           B081QB7     3,200.   ZUMIEZ INC COM USD0.01                                    USA
Mkt Value    Mkt Val % Fund Base Currency
  655,283.28    16.48% USD
  125,070.00     3.14% USD
   88,221.00     2.22% USD
  131,478.40     3.31% USD
  111,099.00     2.79% USD
  142,147.40     3.57% USD
  107,445.00     2.70% USD
   77,296.70     1.94% USD
   76,995.60     1.94% USD
   84,959.40     2.14% USD
  103,950.00     2.61% USD
  114,484.50     2.88% USD
   78,780.00     1.98% USD
   77,248.60     1.94% USD
   79,476.90     2.00% USD
  109,026.10     2.74% USD
   75,398.40     1.90% USD
   99,484.00     2.50% USD
   87,298.40     2.19% USD
  110,979.00     2.79% USD
  126,684.00     3.19% USD
  144,262.80     3.63% USD
  121,176.00     3.05% USD
   96,489.60     2.43% USD
   91,930.20     2.31% USD
   92,309.70     2.32% USD
  128,956.80     3.24% USD
   86,668.80     2.18% USD
  107,121.60     2.69% USD
   96,928.00     2.44% USD
  117,012.00     2.94% USD
  111,338.40     2.80% USD
  120,224.00     3.02% USD
3,977,223.58 100.00%
Fund Name                                    Investment Classification Name   SEDOL           Quantity          Security Description                                     Country of Issue
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Currency/Cash                    DE_CSH_INCUSD          4,116.78   Income - United States Dollar                            USA
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Currency/Cash                    TRADIDR                    4.     Trading Account - Indonesian Rupiah                      IDN
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Currency/Cash                    TRADMYR              63,573.5     Trading Account - Malaysian Ringgit                      MYS
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Currency/Cash                    TRADTWD              99,970.      Trading Account - Taiwan Dollar                          TWN
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Currency/Cash                    TRADUSD             144,961.18    Trading Account - United States Dollar                   USA
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6506160     279,100.      AEON CO. MYR1                                            MYS
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6008321     232,000.      AEON CREDIT SERVICE (ASIA) COMPANY HKD0.10               HKG
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6466112     156,000.      AEON STORES HONG KONG HKD0.20                            HKG
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6837677     147,000.      ASCOTT GROUP LTD SGD0.2                                  SGP
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6052607     203,000.      ASIA SATELLITE COMMUNICATIONS HK$0.10                    HKG
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6571436   1,333,846.      BANK BUANA INDONESIA IDR250 (DEMAT)                      IDN
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6098236        5,960.     BINGGRAE CO KRW5000                                      KOR
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6151764      45,000.      BUKIT SEMBAWANG ESTATES SGD1.00                          SGP
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                           B06FV38             240,000.      BURSA MALAYSIA MYR0.50                                   MYS
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6160953     314,000.      CAFE DE CORAL HOLDINGS HKD0.10                           HKG
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                           B013L59             795,000.      CENTRAL PATTANA PUB THB1 (ALIEN MKT)                     THA
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6161321      80,000.      COMMERCIAL BANK OF CEYLON LKR10                          LKA
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6317339     640,000.      CONVENIENCE RETAIL ASIA HKD0.10                          HKG
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6262376      89,400.      DEVELOPMENT FINANCE CPN OF CEYLON (DFCC) BANK LKR10.00   LKA
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6271435     229,000.      DISTILLERIES CO OF SRI LANKA LKR1.00                     LKA
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6279859   1,138,000.      EU YAN SANG INTERNATIONAL SGD0.05                        SGP
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6347585     374,000.      FONG'S INDUSTRIES HKD0.10                                HKG
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6518433     480,600.      GINEBRA SAN MIGUEL PHP1                                  PHL
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6282040     540,000.      GIORDANO INTERNATIONAL ORD HKD0.05                       BMU
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6388539        7,400.     GODREJ CONSUMER PRODUCTS INR4                            IND
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6291778        8,733.     GOODLASS NEROLAC PAINTS INR10                            IND
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6397803     272,000.      GUINNESS ANCHOR BD MY$0.50                               MYS
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6152659        5,500.     GUJARAT GAS CO INR10                                     IND
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                           B019VS0             634,000.      HANA MICROELECTRONIC THB1 (ALIEN MKT)                    THA
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6311632        4,300.     HANA TOUR SERVICE INC KRW500                             KOR
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6435833     215,000.      HONG KONG FERRY HKD1                                     HKG
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6811767     144,000.      HONG LEONG FINANCE LTD SGD1                              SGP
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6445014     420,000.      HUNG HING PRINTING HK$0.10                               HKG
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6471796      38,432.      JEONBUK BANK KRW5000                                     KOR
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6474494     564,000.      JOLLIBEE FOODS PHP1.00                                   PHL
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6475538      73,142.      KEELLS (JOHN) HOLDINGS LKR10.00                          LKA
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   0753810      24,300.      M.P. EVANS GROUP ORD GBP0.10                             GBR
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6556927     126,600.      MALAYSIAN OXYGEN MY$0.50                                 MYS
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6151593      25,400.      MPHASIS BFL LIMITED INR10                                IND
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                           B01RQM3             732,000.      PACIFIC BASIN SHIPPING USD0.10                           HKG
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6965909     383,000.      POS MALAYSIA & SERVICES MYR1                             MYS
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6693932     613,000.      REGIONAL CONTAINER LINE THB1                             THA
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6744409     119,000.      ROBINSON & CO SG$1                                       SGP
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6798796     190,000.      SIAM MAKRO PUBLIC CO THB10.00 (ALIEN)                    THA
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6193153     525,000.      SINGAPORE FOOD INDUSTRIES SGD0.05                        SGP
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6853521     180,000.      STRAITS TRADING CO SGD1                                  SGP
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6892858     568,700.      TISCO BANK THB10 (ALIEN MKT)                             THA
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6917148     135,000.      UNITED PLANTATIONS MYR1                                  MYS
ASENSC - ABERDEEN GS ASIAN ENTERPRISE FUND   Equity                                   6944908     139,000.      WBL SGD1                                                 SGP
Mkt Value      Mkt Val % Fund Base Currency
     4,116.78      0.03% USD
          0.00     0.00% USD
    17,301.32      0.14% USD
     3,087.69      0.03% USD
   144,961.18      1.17% USD
   444,343.49      3.60% USD
   180,712.71      1.46% USD
   173,734.49      1.41% USD
    95,748.48      0.78% USD
   344,996.98      2.80% USD
   132,477.41      1.07% USD
   246,579.51      2.00% USD
   435,392.83      3.53% USD
   375,562.49      3.04% USD
   446,721.91      3.62% USD
   395,885.37      3.21% USD
   114,269.23      0.93% USD
   230,718.99      1.87% USD
   140,164.49      1.14% USD
    99,119.90      0.80% USD
   438,984.74      3.56% USD
   233,538.60      1.89% USD
   208,061.78      1.69% USD
   255,503.25      2.07% USD
   103,903.76      0.84% USD
   139,132.37      1.13% USD
   403,430.31      3.27% USD
   123,845.54      1.00% USD
   415,411.00      3.37% USD
   324,981.53      2.63% USD
   238,057.70      1.93% USD
   298,685.17      2.42% USD
   251,447.65      2.04% USD
   324,081.35      2.63% USD
   329,095.16      2.67% USD
    92,865.33      0.75% USD
   113,146.68      0.92% USD
   420,336.07      3.41% USD
    83,719.57      0.68% USD
   332,212.17      2.69% USD
   466,960.25      3.78% USD
   316,501.25      2.57% USD
   383,790.72      3.11% USD
   308,740.80      2.50% USD
   307,098.97      2.49% USD
   311,889.24      2.53% USD
   333,871.98      2.71% USD
   279,222.55      2.26% USD
   474,663.55      3.85% USD
12,339,074.29 100.00%
Fund Name                                        Investment Classification Name   SEDOL     Quantity         Security Description
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Currency/Cash                    MEMUSD           (724.59 ) MEMO USD ALLOCATION CLEARING ACCOUNT
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Currency/Cash                    TRADGBP          (112.04 ) Trading Account - UK Pound Sterling
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Currency/Cash                    TRADUSD     3,476,200.84   Trading Account - United States Dollar
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Currency/Cash                    REVUSDR       335,905.58   USD REV A/C -REVUSDRUSD REV A/C -REVUSDR
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                           B0L1302       104,000.     ABERDEEN GLOBAL INDIA OPPS FUND STERLING CL D2 ACC
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             2692632      83,600.     ALTRIA GROUP INC COM USD0.333333
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             0989529      58,900.     ASTRAZENECA ORD USD0.25 (GBP QUOTED)
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             6075756     609,000.     BANK OF KYOTO NPV
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                           B00D9P6       185,000.     BELGACOM SA EUR NPV
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             0287580     120,000.     BRITISH AMERICAN TOBACCO ORD GBP0.25
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             2180632     103,000.     CANADIAN NATIONAL RAILWAYS COM SHS CAD NPV
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             6172323     181,500.     CANON INC JPY NPV
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             2159676      75,000.     CDW COMPUTERS CENTERS INC COM STK USD0.01
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                           B033F22     1,505,900.     CENTRICA ORD GBP0.061728395
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             6073556   1,675,000.     CHINA MOBILE (HK) HKD0.10
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             4325538     223,500.     COMMERZBANK AG ORD SHS EUR NPV
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             6250508     159,000.     DAITO TRUST CONSTRUCTION NPV
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             4617859     236,100.     DEUTSCHE POST AG EUR NPV (REGD)
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                           B018CX9       103,000.     DEUTSCHE POSTBANK AG COM EUR NPV
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             4942904      40,700.     E.ON AG EUR NPV
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             7145056     155,800.     ENI EUR1
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             2326618      98,100.     EXXON MOBIL CORPORATION COM STK USD NPV
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             2639361     184,900.     GRUPO AEROPORTUARIO DE SURESTE ADS REP 10 SERIES 'B' USD NPV
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             2569286     161,100.     ICICI BANK ADR REP 2 ORD INR10 (SPON)
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             7154182     150,600.     ING GROEP NV CVA EUR0.24
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             2463247     161,700.     INTEL CORPORATION COM USD0.001
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             2475833     165,600.     JOHNSON & JOHNSON COM USD1
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             6335171          440.    MITSUBISHI UFJ FINANCIAL GROUP COM JPY NPV
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             0604316   1,785,900.     MORRISON (W) SUPERMARKETS ORD GBP0.10
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             5380031     361,500.     NORDEA BANK EUR0.39632 (STOCKHOLM QUOTE)
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             6129277       4,100.     NTT DOCOMO JPY NPV
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             6661144      11,500.     ORIX CORPORATION JPY50
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             6226576   4,334,000.     PETROCHINA H CNY1
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             2683410     150,500.     PETROL BRASILEIROS SPON ADR REP 4 PRF SHS USD
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             7103526      94,600.     PEUGEOT SA EUR1
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             5817186     347,400.     PORTUGAL TELECOM SGPS EUR1.3 (REGD)
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             2702791     116,200.     QUEST DIAGNOSTICS COM STK USD0.01
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             0434256     609,500.     RESOLUTION ORD GBP0.05
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             2429090      48,200.     REYNOLDS AMERICAN USD0.01
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             4773096      45,700.     SAMSUNG ELECTRONICS GDR-REP 1/2 N/VTG PRF (144A)
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                           B125RK8       280,900.     SCOTTISH POWER PLC ORD GBP0.42
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             6793423     570,000.     SEINO HOLDINGS JPY50
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                           B0FS5D6       190,200.     SEVEN & I HOLDINGS CO LTD COM JPY NPV
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             7251470     706,500.     SNAM RETE GAS EUR1.00
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             6867748     240,000.     SWIRE PACIFIC 'A' HKD0.60
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             6867760   4,145,500.     SWIRE PACIFIC HKD0.12 B SHS
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             2113382     460,714.     TAIWAN SEMICONDUCTOR ADS REP 5 ORD TWD10
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             6900643     108,700.     TOYOTA MOTOR CORPORATION JPY50
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             2915500      77,500.     UNITED TECHNOLOGIES COM USD1
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity                             0719210   2,150,000.     VODAFONE GROUP ORD USD0.10 (UK REGD)
Country of Issue Mkt Value       Mkt Val % Fund Base Currency
USA                     (724.59)   (0.00%) USD
GBR                     (207.22)   (0.00%) USD
USA                3,476,200.84      1.15% USD
USA                  335,905.58      0.11% USD
IND                5,005,030.26      1.66% USD
USA                6,138,748.00      2.03% USD
GBR                3,555,752.48      1.18% USD
JPN                6,566,002.09      2.17% USD
BEL                6,132,508.12      2.03% USD
GBR                3,022,904.52      1.00% USD
CAN                4,515,998.82      1.50% USD
JPN                8,883,283.38      2.94% USD
USA                4,098,750.00      1.36% USD
GBR                7,944,889.53      2.63% USD
HKG                9,569,704.05      3.17% USD
DEU                8,127,458.45      2.69% USD
JPN                8,790,447.79      2.91% USD
DEU                6,327,540.07      2.09% USD
DEU                7,409,426.44      2.45% USD
DEU                4,684,692.14      1.55% USD
ITA                4,587,848.09      1.52% USD
USA                6,018,435.00      1.99% USD
MEX                6,210,791.00      2.06% USD
IND                3,810,015.00      1.26% USD
NLD                5,917,457.81      1.96% USD
USA                3,072,300.00      1.02% USD
USA                9,922,752.00      3.28% USD
JPN                6,139,177.08      2.03% USD
GBR                6,424,551.57      2.13% USD
SWE                4,309,572.69      1.43% USD
JPN                6,007,523.31      1.99% USD
JPN                2,806,718.39      0.93% USD
CHN                4,617,450.40      1.53% USD
BRA               12,015,920.00      3.98% USD
FRA                5,881,034.53      1.95% USD
PRT                4,191,016.37      1.39% USD
USA                6,962,704.00      2.30% USD
GBR                7,552,914.86      2.50% USD
USA                5,557,460.00      1.84% USD
KOR               11,087,962.50      3.67% USD
GBR                3,028,910.01      1.00% USD
JPN                6,015,877.42      1.99% USD
JPN                6,255,977.15      2.07% USD
ITA                3,105,292.48      1.03% USD
HKG                2,475,851.62      0.82% USD
HKG                7,939,245.36      2.63% USD
TWN                4,229,354.52      1.40% USD
JPN                5,686,270.62      1.88% USD
USA                4,915,050.00      1.63% USD
GBR                4,582,953.71      1.52% USD
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity   0946580   590,000.   WEIR GROUP ORD GBP0.125
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity   2764984   175,700.   WILLIS GROUP HOLDINGS COM USD0.00015
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity   2027104   168,000.   WYETH COM USD0.333
GSGSEQ - ABERDEEN GS GLOBAL SELECT EQUITY FUND   Equity   5983816    38,100.   ZURICH FINANCIAL SERVICES CHF2.5
GBR     4,725,045.38     1.56%   USD
BMU     5,639,970.00     1.87%   USD
USA     7,460,880.00     2.47%   USD
CHE     8,331,454.59     2.76%   USD
      302,070,048.21   100.00%
Fund Name                                       Investment Classification Name   SEDOL             Quantity      Security Description
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Currency/Cash                    DE_CSH_INCEUR        4,135.95   Income - Euro
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Currency/Cash                    DE_CSH_INCKRW        7,310.     Income - South Korean Won
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Currency/Cash                    DE_CSH_INCGBP          (53.99 ) Income - UK Pound Sterling
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Currency/Cash                    DE_CSH_INCUSD          110.4    Income - United States Dollar
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Currency/Cash                    TRADEUR              5,777.24   Trading Account - Euro
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Currency/Cash                    TRADINR            457,371.76   Trading Account - Indian Rupee
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Currency/Cash                    TRADTWD             65,661.     Trading Account - Taiwan Dollar
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Currency/Cash                    TRADTHB              3,960.     Trading Account - Thailand Baht
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Currency/Cash                    TRADGBP                   1.    Trading Account - UK Pound Sterling
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Currency/Cash                    TRADUSD              6,773.93   Trading Account - United States Dollar
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                           B0L1302              2,296.13   ABERDEEN GLOBAL INDIA OPPS FUND STERLING CL D2 ACC
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   6009391      5,000.     AITKEN SPENCE LKR10
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                           B03MN70              3,055.     AKBANK TRY1
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                           B03MND6             23,000.     AKSIGORTA TRY1
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   6055112    327,000.     AYALA LAND INC PHP1
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                           B00FSK0              3,000.     BANCO BRADESCO ADR EACH REP 1 PRF NPV SPON
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   2136646      2,300.     BANCO SANTANDER-CHILE ADR - EACH REP 1039 COM NPV USD
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   6074968     22,800.     BANK OF PHILIPPINE ISLANDS PHP10
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   7153639      1,600.     BANK ZACHODNIWBK PLN10
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   6099723      3,400.     BHARAT PETROL INR10 (DEMAT)
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   2181334      4,300.     CHECK POINT SOFTWARE ORD ILS1
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   6073556     25,000.     CHINA MOBILE (HK) HKD0.10
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   2832148      5,800.     CIA SOUZA CRUZ SA COM STK BRL NPV
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   6161321     13,000.     COMMERCIAL BANK OF CEYLON LKR10
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   6249476      2,600.     DAEGU BANK KRW5000
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   4255561      1,140.     DANUBIUS HOTEL HUF1000
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   6262376      9,000.     DEVELOPMENT FINANCE CPN OF CEYLON (DFCC) BANK LKR10.00
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                           B0BP746             11,600.     EDGARS CONSOLIDATED STORES ZAR0.01
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   2246039      1,400.     FOMENTO ECONOMICO MEXICANO ADR REP 10 UTS (1B & 2D-B & 2D-L)
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   6411673     90,000.     FUBON FINANCIAL TWD10
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   6133405      7,700.     GAIL (INDIA) INR10 (DEMAT)
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   6099927      1,100.     GRASIM INDUSTRIES INR10 (DEMAT)
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   2639361      2,000.     GRUPO AEROPORTUARIO DE SURESTE ADS REP 10 SERIES 'B' USD NPV
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   2421041     37,000.     GRUPO FINANCIERO BANORTE MXP NPV
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   6327327      3,500.     HERO HONDA INR2(DEMAT T5)
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   6171900      2,500.     HOUSING DEVELOPMENT FINANCE CPN (HDFC) INR10.00 (DEMAT)
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   6148272        450.     HYUNDAI MOTOR 2ND PREF KRW5000
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   6451022      1,000.     HYUNDAI MOTOR PRF KRW5000
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   6100368      5,300.     ICICI BANK INR10 (DEMAT T5)
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   6475538     11,428.     KEELLS (JOHN) HOLDINGS LKR10.00
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   2124511      1,600.     LAN AIRLINES SPON ADR REP 5 ORD
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   2537432      1,600.     LUKOIL OIL COMPANY SPON ADR REP 1 ORD RUB0.025
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   6268181     13,500.     MASSMART HOLDINGS ZAR0.01
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                           B03MWC8              5,865.     MIGROS TRY1
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   2620172     23,000.     ORGANIZACI SORIANA SER'B'NPV
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   6226576    108,000.     PETROCHINA H CNY1
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   2616580      2,200.     PETROL BRASILIEROS ADS EACH 1 REP 4 COMUSD NPV
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                           B1359J0             30,000.     PTT EXPLORATION & PRODUCTION COM THB1 (ALIEN)
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                           B012W53             55,600.     PUBLIC BANK BERHAD MYR1 (ALIEN MKT)
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity                                   6075552      2,800.     PUSAN BANK KRW5000
Country of Issue Mkt Value     Mkt Val % Fund Base Currency
EMU                  4,135.95      0.13% EUR
KOR                       6.03     0.00% EUR
GBR                    (78.10)   (0.00%) EUR
USA                      86.34     0.00% EUR
EMU                  5,777.24      0.19% EUR
IND                  7,769.38      0.25% EUR
TWN                  1,586.07      0.05% EUR
THA                      81.17     0.00% EUR
GBR                       1.45     0.00% EUR
USA                  5,297.77      0.17% EUR
IND                 86,421.58      2.79% EUR
LKA                 10,164.85      0.33% EUR
TUR                 11,431.19      0.37% EUR
TUR                 49,598.51      1.60% EUR
PHL                 55,357.78      1.78% EUR
BRA                 72,944.80      2.35% EUR
CHL                 72,563.14      2.34% EUR
PHL                 16,781.78      0.54% EUR
POL                 70,274.91      2.27% EUR
IND                 19,319.33      0.62% EUR
ISR                 59,187.98      1.91% EUR
HKG               111,768.82       3.60% EUR
BRA                 67,509.96      2.18% EUR
LKA                 14,522.29      0.47% EUR
KOR                 36,437.26      1.17% EUR
HUN                 23,746.02      0.77% EUR
LKA                 11,035.59      0.36% EUR
ZAF                 36,826.64      1.19% EUR
MEX                 91,666.28      2.95% EUR
TWN                 60,871.85      1.96% EUR
IND                 33,622.14      1.08% EUR
IND                 36,153.11      1.17% EUR
MEX                 52,540.28      1.69% EUR
MEX                 67,294.46      2.17% EUR
IND                 47,186.09      1.52% EUR
IND                 48,404.49      1.56% EUR
KOR                 17,620.96      0.57% EUR
KOR                 38,003.57      1.22% EUR
IND                 43,926.20      1.42% EUR
LKA                 11,347.74      0.37% EUR
CHL                 40,718.32      1.31% EUR
RUS                 96,853.05      3.12% EUR
ZAF                 69,580.44      2.24% EUR
TUR                 36,672.32      1.18% EUR
MEX                 67,536.27      2.18% EUR
CHN                 90,260.88      2.91% EUR
BRA               153,665.06       4.95% EUR
THA                 65,182.08      2.10% EUR
MYS                 74,553.98      2.40% EUR
KOR                 27,929.74      0.90% EUR
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity             4027663      630.   RICHTER GEDEON VEG GDS (REP 1 OF HUF1000 - REGD S)
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity             6773812      496.   SAMSUNG ELECTRONICS KRW5000 PREF
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity             6241858    4,500.   SATYAM COMPUTER SERVICES INR2.00 (DEMAT)
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity             6805049      160.   SHINSEGAE KRW5000
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity             6609906   17,000.   SIAM CEMENT THB1 (ALIEN MKT)
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity             6867760   52,500.   SWIRE PACIFIC HKD0.12 B SHS
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity             6290496   55,000.   TAIWAN MOBILE TWD10
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity             6889106   72,826.   TAIWAN SEMICONDUCTOR MAN TWD10
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity   DB10752             10,800.   TELECOMASIA PUR/RTS 2000/08 THB
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity             6882172    1,462.   TEVA PHARMACEUTICALS INDUSTRIES COM ILS0.1(POST CONS)
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity             6113485   15,000.   TRUWORTHS INTERNATIONAL LTD ZAR0.00015
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity   B0HZNY2              4,000.   ULTRAPAR PARTICIPACOES PREF BRL NPV
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity             2933900    7,400.   VALE RIO DOCE (CIA) SPON ADR REP 1 PRF SH USD
EGEMG - ABERDEEN GS GLOBAL EMERGING MKTS FUND   Equity             6990763   68,000.   ZHEJIANG EXPRESSWAY CO. LTD H CNY1
HUN      96,571.50     3.11%   EUR
KOR     189,315.47     6.10%   EUR
IND      54,246.74     1.75%   EUR
KOR      62,652.30     2.02%   EUR
THA      80,145.26     2.58%   EUR
HKG      78,766.81     2.54%   EUR
TWN      42,779.39     1.38%   EUR
TWN     102,734.25     3.31%   EUR
THA           0.00     0.00%   EUR
ISR      37,033.19     1.19%   EUR
ZAF      35,365.94     1.14%   EUR
BRA      49,290.53     1.59%   EUR
BRA     119,104.85     3.84%   EUR
CHN      32,352.54     1.04%   EUR
      3,102,503.81   100.00%
Fund Name                                        Investment Classification Name   SEDOL           Quantity         Security Description
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Currency/Cash                    DE_CSH_INCEUR       76,610.88    Income - Euro
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Currency/Cash                    DE_CSH_INCUSD          181.71    Income - United States Dollar
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Currency/Cash                    TRADEUR            122,214.89    Trading Account - Euro
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Currency/Cash                    TRADHKD                  34.79   Trading Account - Hong Kong Dollar
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Currency/Cash                    TRADCHF              3,200.      Trading Account - Swiss Franc
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Currency/Cash                    TRADGBP             26,877.6     Trading Account - UK Pound Sterling
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Currency/Cash                    TRADUSD              1,230.67    Trading Account - United States Dollar
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                           B0L1302              4,300.      ABERDEEN GLOBAL INDIA OPPS FUND STERLING CL D2 ACC
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   2019952      2,900.      ALLSTATE CORP COM USD0.01
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   2692632      4,100.      ALTRIA GROUP INC COM USD0.333333
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   6022105     12,700.      AMADA COMPANY NPV
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   6985383      3,600.      ASTELLAS PHARMA COMPANY LIMITED COM JPY NPV
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   0989529      3,400.      ASTRAZENECA ORD USD0.25 (GBP QUOTED)
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   6075756     26,000.      BANK OF KYOTO NPV
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   0287580      8,100.      BRITISH AMERICAN TOBACCO ORD GBP0.25
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   3091357     40,400.      BT GROUP PLC GBP0.05
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   2180632      4,200.      CANADIAN NATIONAL RAILWAYS COM SHS CAD NPV
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   6172323      6,450.      CANON INC JPY NPV
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   2159676      2,600.      CDW COMPUTERS CENTERS INC COM STK USD0.01
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                           B033F22             53,400.      CENTRICA ORD GBP0.061728395
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   6073556     61,000.      CHINA MOBILE (HK) HKD0.10
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   6197928     29,000.      CITY DEVELOPMENTS SGD0.50
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   6097017     27,000.      CLP HOLDINGS HKD5
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   6250508      6,800.      DAITO TRUST CONSTRUCTION NPV
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   2318024      1,800.      EOG RESOURCES INC COM STK USD0.01
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   2326618      4,800.      EXXON MOBIL CORPORATION COM STK USD NPV
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   2639361      4,000.      GRUPO AEROPORTUARIO DE SURESTE ADS REP 10 SERIES 'B' USD NPV
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   2569286      5,000.      ICICI BANK ADR REP 2 ORD INR10 (SPON)
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   2463247      6,700.      INTEL CORPORATION COM USD0.001
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   2475833      5,200.      JOHNSON & JOHNSON COM USD1
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   0562254     20,300.      MILLENNIUM & COPTHORNE HOTELS ORD GBP0.30
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   3383991     16,500.      MITCHELLS & BUTLERS ORD GBP0.070833
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   6335171          24.     MITSUBISHI UFJ FINANCIAL GROUP COM JPY NPV
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   0604316     82,200.      MORRISON (W) SUPERMARKETS ORD GBP0.10
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   5380031     21,000.      NORDEA BANK EUR0.39632 (STOCKHOLM QUOTE)
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   7103065      2,800.      NOVARTIS CHF0.50 REGD
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   6129277        130.      NTT DOCOMO JPY NPV
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   6661144        500.      ORIX CORPORATION JPY50
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                           B0F9V20             31,000.      OVERSEA-CHINESE BANKING CORP SGD0.5 (POST SUBDIVSION)
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   2681511      2,700.      PEPSICO INC CAP USD0.01666667
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   6226576    186,000.      PETROCHINA H CNY1
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   2683410      3,400.      PETROL BRASILEIROS SPON ADR REP 4 PRF SHS USD
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   2704407      2,400.      PROCTER & GAMBLE COM USD NPV
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   6715740      8,200.      QBE INSURANCE GROUP NPV
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   2702791      4,300.      QUEST DIAGNOSTICS COM STK USD0.01
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   0434256     26,100.      RESOLUTION ORD GBP0.05
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   2429090      1,500.      REYNOLDS AMERICAN USD0.01
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   4773096      1,030.      SAMSUNG ELECTRONICS GDR-REP 1/2 N/VTG PRF (144A)
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                           B125RK8             17,778.      SCOTTISH POWER PLC ORD GBP0.42
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity                                   6793423     19,000.      SEINO HOLDINGS JPY50
Country of Issue Mkt Value    Mkt Val % Fund Base Currency
EMU                 76,610.88     0.79% EUR
USA                    142.11     0.00% EUR
EMU               122,214.89      1.26% EUR
HKG                      3.50     0.00% EUR
CHE                  2,042.99     0.02% EUR
GBR                 38,878.45     0.40% EUR
USA                    962.49     0.01% EUR
IND               161,843.10      1.66% EUR
USA               124,129.73      1.28% EUR
USA               235,455.99      2.42% EUR
JPN               104,263.94      1.07% EUR
JPN               103,442.96      1.06% EUR
GBR               160,526.78      1.65% EUR
JPN               219,679.47      2.26% EUR
GBR               159,580.77      1.64% EUR
GBR               139,814.35      1.44% EUR
CAN               144,018.49      1.48% EUR
JPN               247,555.02      2.55% EUR
USA               111,126.05      1.14% EUR
GBR               220,335.94      2.27% EUR
HKG               272,715.92      2.80% EUR
SGP               134,103.25      1.38% EUR
HKG               123,564.96      1.27% EUR
JPN               294,949.27      3.03% EUR
USA                 97,613.23     1.00% EUR
USA               230,307.55      2.37% EUR
MEX               105,080.55      1.08% EUR
IND                 92,481.21     0.95% EUR
USA                 99,559.05     1.02% EUR
USA               243,684.28      2.51% EUR
GBR               127,145.90      1.31% EUR
GBR               123,035.67      1.26% EUR
JPN               262,712.29      2.70% EUR
GBR               231,264.97      2.38% EUR
SWE               196,078.18      2.02% EUR
CHE               118,340.13      1.22% EUR
JPN               149,417.61      1.54% EUR
JPN                 95,609.48     0.98% EUR
SGP               101,189.47      1.04% EUR
USA               126,781.77      1.30% EUR
CHN               155,449.28      1.60% EUR
BRA               212,300.89      2.18% EUR
USA               104,361.04      1.07% EUR
AUS                 97,674.85     1.00% EUR
USA               201,508.15      2.07% EUR
GBR               252,949.46      2.60% EUR
USA               135,261.10      1.39% EUR
KOR               192,927.93      1.98% EUR
GBR               149,923.56      1.54% EUR
JPN               157,025.32      1.61% EUR
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity   B0FS5D6               7,000.   SEVEN & I HOLDINGS CO LTD COM JPY NPV
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity             6867760   165,000.   SWIRE PACIFIC HKD0.12 B SHS
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity             2113382    28,942.   TAIWAN SEMICONDUCTOR ADS REP 5 ORD TWD10
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity             6870445     5,200.   TAKEDA PHARAMACEUTICAL CO JPY50
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity             6900643     4,200.   TOYOTA MOTOR CORPORATION JPY50
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity             2915500     3,900.   UNITED TECHNOLOGIES COM USD1
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity             6927374    18,000.   VENTURE SGD0.25
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity             0719210   100,000.   VODAFONE GROUP ORD USD0.10 (UK REGD)
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity             0946580    19,900.   WEIR GROUP ORD GBP0.125
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity             2794743     3,900.   WELLPOINT COM USD0.01
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity             2764984     8,700.   WILLIS GROUP HOLDINGS COM USD0.00015
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity             2027104     5,500.   WYETH COM USD0.333
EGLEQ - ABERDEEN GS GLOBAL EQUITY (EX-EURO) FD   Equity             5983816     1,150.   ZURICH FINANCIAL SERVICES CHF2.5
JPN     180,546.28     1.86%   EUR
HKG     247,552.83     2.55%   EUR
TWN     207,789.49     2.14%   EUR
JPN     253,298.43     2.60%   EUR
JPN     172,117.60     1.77%   EUR
USA     193,438.63     1.99%   EUR
SGP      94,364.37     0.97%   EUR
GBR     166,709.13     1.71%   EUR
GBR     124,640.57     1.28%   EUR
USA     221,957.25     2.28%   EUR
BMU     218,412.08     2.25%   EUR
USA     191,027.47     1.96%   EUR
CHE     196,765.37     2.02%   EUR
      9,726,263.72   100.00%
Fund Name                                         Investment Classification Name   SEDOL           Quantity      Security Description
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Currency/Cash                    DE_CSH_INCAUD          35.7   Income - Australian Dollar
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Currency/Cash                    DE_CSH_INCEUR       6,694.    Income - Euro
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Currency/Cash                    DE_CSH_INCCHF         481.25  Income - Swiss Franc
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Currency/Cash                    DE_CSH_INCGBP     192,082.    Income - UK Pound Sterling
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Currency/Cash                    DE_CSH_INCUSD      26,784.06  Income - United States Dollar
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Currency/Cash                    TRADAUD                58.29  Trading Account - Australian Dollar
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Currency/Cash                    TRADEUR             1,590.72  Trading Account - Euro
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Currency/Cash                    TRADGBP         (103,515.42 ) Trading Account - UK Pound Sterling
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Currency/Cash                    TRADUSD               432.67  Trading Account - United States Dollar
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                           B0L1302             5,000.    ABERDEEN GLOBAL INDIA OPPS FUND STERLING CL D2 ACC
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   2019952     3,800.    ALLSTATE CORP COM USD0.01
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   2692632     5,400.    ALTRIA GROUP INC COM USD0.333333
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   6022105    21,000.    AMADA COMPANY NPV
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                           B0Z5YZ2                70.    ARKEMA EUR10
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   6075756    28,000.    BANK OF KYOTO NPV
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                           B00D9P6             6,300.    BELGACOM SA EUR NPV
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   2180632     4,900.    CANADIAN NATIONAL RAILWAYS COM SHS CAD NPV
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   6172323     6,600.    CANON INC JPY NPV
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   2159676     3,500.    CDW COMPUTERS CENTERS INC COM STK USD0.01
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   6073556    80,000.    CHINA MOBILE (HK) HKD0.10
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   6097017    34,500.    CLP HOLDINGS HKD5
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   4325538     9,000.    COMMERZBANK AG ORD SHS EUR NPV
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   6250508     7,700.    DAITO TRUST CONSTRUCTION NPV
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   4617859    10,400.    DEUTSCHE POST AG EUR NPV (REGD)
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                           B018CX9             5,100.    DEUTSCHE POSTBANK AG COM EUR NPV
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   4942904     3,500.    E.ON AG EUR NPV
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   7145056     9,600.    ENI EUR1
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   2326618     5,400.    EXXON MOBIL CORPORATION COM STK USD NPV
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   2380498     7,200.    GENERAL ELECTRIC COMPANY COM USD0.06
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   2639361     7,400.    GRUPO AEROPORTUARIO DE SURESTE ADS REP 10 SERIES 'B' USD NPV
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   2569286     6,300.    ICICI BANK ADR REP 2 ORD INR10 (SPON)
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   7154182     8,900.    ING GROEP NV CVA EUR0.24
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   2463247     7,700.    INTEL CORPORATION COM USD0.001
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   2475833     6,800.    JOHNSON & JOHNSON COM USD1
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   5041413     3,400.    METRO AG ORD SHS EUR NPV
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   6335171        26.    MITSUBISHI UFJ FINANCIAL GROUP COM JPY NPV
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   5380031    25,000.    NORDEA BANK EUR0.39632 (STOCKHOLM QUOTE)
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   6129277       180.    NTT DOCOMO JPY NPV
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   6661144       550.    ORIX CORPORATION JPY50
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                           B0F9V20            38,000.    OVERSEA-CHINESE BANKING CORP SGD0.5 (POST SUBDIVSION)
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   6226576 246,000.      PETROCHINA H CNY1
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   2683410     4,500.    PETROL BRASILEIROS SPON ADR REP 4 PRF SHS USD
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   7103526     6,200.    PEUGEOT SA EUR1
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   5986622     5,300.    PHILIPS ELECTRONICS (KON) EUR0.20
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   5817186    19,400.    PORTUGAL TELECOM SGPS EUR1.3 (REGD)
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   2702791     3,900.    QUEST DIAGNOSTICS COM STK USD0.01
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   2429090     1,900.    REYNOLDS AMERICAN USD0.01
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   6773812       650.    SAMSUNG ELECTRONICS KRW5000 PREF
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                                   6793423    35,000.    SEINO HOLDINGS JPY50
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity                           B0FS5D6             9,200.    SEVEN & I HOLDINGS CO LTD COM JPY NPV
Country of Issue Mkt Value     Mkt Val % Fund Base Currency
AUS                      14.34     0.00% GBP
EMU                   4,627.72     0.06% GBP
CHE                     212.41     0.00% GBP
GBR                 192,082.00     2.45% GBP
USA                  14,481.39     0.18% GBP
AUS                      23.41     0.00% GBP
EMU                   1,099.70     0.01% GBP
GBR               (103,515.42)   (1.32%) GBP
USA                     233.93     0.00% GBP
IND                 130,100.00     1.66% GBP
USA                 112,445.73     1.44% GBP
USA                 214,388.36     2.74% GBP
JPN                 119,187.65     1.52% GBP
FRA                   1,476.46     0.02% GBP
JPN                 163,551.94     2.09% GBP
BEL                 112,933.98     1.44% GBP
CAN                 116,157.32     1.48% GBP
JPN                 175,120.71     2.24% GBP
USA                 103,417.05     1.32% GBP
HKG                 247,259.06     3.16% GBP
HKG                 109,152.14     1.39% GBP
DEU                 176,951.26     2.26% GBP
JPN                 230,892.97     2.95% GBP
DEU                 150,697.55     1.92% GBP
DEU                 198,358.80     2.53% GBP
DEU                 217,815.42     2.78% GBP
ITA                 152,843.42     1.95% GBP
USA                 179,119.25     2.29% GBP
USA                 128,307.97     1.64% GBP
MEX                 134,392.69     1.72% GBP
IND                  80,557.43     1.03% GBP
NLD                 189,075.01     2.41% GBP
USA                  79,100.32     1.01% GBP
USA                 220,300.07     2.81% GBP
DEU                 104,174.21     1.33% GBP
JPN                 196,754.22     2.51% GBP
SWE                 161,373.25     2.06% GBP
JPN                 143,025.18     1.83% GBP
JPN                  72,706.83     0.93% GBP
SGP                  85,750.92     1.09% GBP
CHN                 142,132.19     1.81% GBP
BRA                 194,252.66     2.48% GBP
FRA                 208,524.02     2.66% GBP
NLD                  89,511.93     1.14% GBP
PRT                 126,606.29     1.62% GBP
USA                 126,348.57     1.61% GBP
USA                 118,445.03     1.51% GBP
KOR                 171,513.91     2.19% GBP
JPN                 199,970.39     2.55% GBP
JPN                 164,043.83     2.09% GBP
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity             7251470    44,900.   SNAM RETE GAS EUR1.00
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity             6867760   174,800.   SWIRE PACIFIC HKD0.12 B SHS
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity             2113382    37,079.   TAIWAN SEMICONDUCTOR ADS REP 5 ORD TWD10
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity             6870445     3,400.   TAKEDA PHARAMACEUTICAL CO JPY50
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity   B15C557               2,800.   TOTAL EUR2.5 (POST SUBDIVISION)
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity             6900643     5,600.   TOYOTA MOTOR CORPORATION JPY50
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity             2915500     5,400.   UNITED TECHNOLOGIES COM USD1
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity             2794743     2,400.   WELLPOINT COM USD0.01
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity             2764984    11,200.   WILLIS GROUP HOLDINGS COM USD0.00015
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity             2027104     7,400.   WYETH COM USD0.333
GLOEQU - ABERDEEN GS GLOBAL EQUITY (EX-UK) FUND   Equity             5983816     1,500.   ZURICH FINANCIAL SERVICES CHF2.5
ITA     106,701.52     1.36%   GBP
HKG     181,303.82     2.31%   GBP
TWN     184,036.78     2.35%   GBP
JPN     114,495.82     1.46%   GBP
FRA      99,592.12     1.27%   GBP
JPN     158,652.01     2.03%   GBP
USA     185,162.88     2.36%   GBP
USA      94,427.29     1.21%   GBP
BMU     194,382.42     2.48%   GBP
USA     177,683.22     2.27%   GBP
CHE     177,428.61     2.27%   GBP
      7,831,861.96   100.00%
Fund Name                                    Investment Classification Name   SEDOL     Quantity         Security Description                     Country of Issue Mkt Value      Mkt Val %
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Currency/Cash                    MEMGBP        (27,399.56 ) MEMO GBP ALLOCATION CLEARING ACCOUNT     GBR                 (27,399.56)   (0.06%)
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Currency/Cash                    TRADJPY    44,014,923.     Trading Account - Japanese Yen           JPN                 208,176.00      0.45%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Currency/Cash                    TRADGBP       218,321.99   Trading Account - UK Pound Sterling      GBR                 218,321.99      0.48%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Currency/Cash                    TRADUSD         42,750.33  Trading Account - United States Dollar   USA                   23,113.91     0.05%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6041649       70,600.    ARRK CORPORATION JPY NPV                 JPN                 903,239.02      1.97%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6057657     260,000.     ASK PLANNING CENTER JPY NPV              JPN                 972,088.81      2.12%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6620093            0.    Bank of Nagoya                           JPN                        0.00     0.00%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6639668     147,000.     BMB CORP JPV NPV                         JPN                 312,867.58      0.68%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6229229     135,190.     CULTURE CONVENIENCE CLUB ORD JPY NPV     JPN                 842,734.35      1.84%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6249896     272,000.     DAIDO METAL JPY NPV                      JPN                 923,685.38      2.01%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6661843     524,000.     DAIHEN CORP JPY NPV                      JPN               1,432,484.22      3.12%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6548656       17,500.    DAIKOKU DENKI CO JPY NPV                 JPN                 296,727.59      0.65%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6512714       81,300.    EDION CORP COM JPY NPV                   JPN                 871,903.78      1.90%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6332860     110,000.     FCC CO NPV                               JPN               1,175,795.64      2.56%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6352404          614.    FULLCAST COMPANY LIMITED NPV             JPN               1,131,114.46      2.46%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                           B03P2F0         66,600.    FUYO GENERAL LEASE CO JPY NPV            JPN               1,434,806.48      3.13%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6484277       60,360.    GIGAS KS DENKI JPY                       JPN                 817,194.52      1.78%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6042675       93,100.    HAPPINET CORP JPY NPV                    JPN               1,107,435.37      2.41%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6414401     747,500.     HASEKO CORPORATION NPV                   JPN               1,373,513.52      2.99%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6565688     272,900.     HEIAN CEREMONY SERVICE JPY NPV           JPN               1,146,810.57      2.50%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6075723     297,000.     HIROSHIMA BANK NPV                       JPN                 979,786.34      2.13%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6429308   1,089,000.     HITACHI ZOSEN CORPORATION NPV            JPN                 775,166.69      1.69%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6418146       31,900.    INTAGE INC JPY NPV                       JPN                 469,225.70      1.02%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6481472     311,000.     JAPAN ASIA INVESTMENT CO JPY NPV         JPN               1,203,953.72      2.62%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6079792       29,900.    JUSTSYSTEMS JPY NPV                      JPN                 194,377.80      0.42%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6572581       50,100.    MATSUMOTOKIYOSHI JPY NPV                 JPN                 688,358.35      1.50%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6576323     283,000.     MEISEI INDUSTRIAL CO JPY NPV             JPN                 826,521.43      1.80%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6688143       81,300.    MELCO HOLDINGS INC JPY NPV               JPN               1,157,411.41      2.52%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6129158       27,900.    MOSHIMOSHI HOTLINE NPV                   JPN                 533,109.34      1.16%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6135229       45,100.    MUSASHI SEIMITSU INDUSTRY NPV            JPN                 543,402.28      1.18%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6687571     183,000.     NABTESCO JPY NPV                         JPN               1,108,310.36      2.41%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6382586        1,120.    NEXTCOM K.K. ORD NPV                     JPN                 233,210.50      0.51%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6899569     262,000.     NIPPEI TOYAMA JPY NPV                    JPN               1,406,461.58      3.06%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6639721     326,000.     NISHI-NIPPON BANK JPY50                  JPN                 843,403.98      1.84%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6404093     180,000.     NISSIN HEALTHCARE FOODS JPY NPV          JPN               1,325,962.62      2.89%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6646958   2,787,100.     NISSIN JPY NPV                           JPN               1,061,155.80      2.31%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6646248     135,000.     NITTOKU ENGINEERING JPY NPV              JPN                 651,275.38      1.42%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6657808     480,000.     OKUMURA CORPORATION JPY50                JPN               1,442,738.14      3.14%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6670582     195,700.     PARCO JPY NPV                            JPN               1,079,707.92      2.35%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6043786     123,200.     Q SAI CO JPY NPV                         JPN                 954,454.71      2.08%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6044132     100,100.     RESORTTRUST INC JPY NPV                  JPN               1,567,085.86      3.41%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6291400       60,400.    ROLAND DG CORP JPY NPV                   JPN                 932,719.04      2.03%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6248365          685.    ROUND ONE CORP NPV                       JPN               1,320,227.89      2.88%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6774730     296,000.     SANKEI BUILDING CO JPY NPV               JPN               1,068,186.21      2.33%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6335472          243.    SAPPORO HOKUYO NPV                       JPN               1,373,424.84      2.99%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6793423     260,000.     SEINO HOLDINGS JPY50                     JPN               1,483,649.77      3.23%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6419956       42,000.    SHIZUOKA GAS CO JPY NPV                  JPN                 185,038.83      0.40%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6805403     163,000.     SHOWA AIRCRAFT INDUSTRY JPY NPV          JPN               1,284,379.37      2.80%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6338910        8,600.    SOKEN CHEMICAL & ENGINEERING JPY NPV     JPN                 161,887.10      0.35%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity                             6528164       90,100.    STUDIO ALICE CO JPY NPV                  JPN                 542,267.16      1.18%
Fund Base Currency
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity   6119449    11,200.   SUMITOMO REAL ESTATE SALES JPY NPV   JPN      461,123.78     1.00%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity   6880927   226,400.   TEIKOKU PISTON RING CO LTD JPY NPV   JPN    1,350,275.01     2.94%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity   6714974    47,500.   TOCALO JPY NPV                       JPN      816,636.42     1.78%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity   6985673   103,400.   YAMAICHI ELECTRONICS JPY50           JPN      596,393.72     1.30%
JAPENT - ABERDEEN GS JAPAN ENTERPRISE FUND   Equity   6086145    87,700.   YAMANO HOLDING CORP JPY NPV          JPN      124,644.98     0.27%
                                                                                                                      45,910,547.66   100.00%
GBP
GBP
GBP
GBP
GBP
Fund Name                                       Investment Classification Name   SEDOL     Quantity         Security Description                          Country of Issue Mkt Value
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Currency/Cash                    MEMJPY    (4,536,219.    ) MEMO JPY ALLOCATION CLEARING ACCOUNT          JPN                 (4,536,219.00)
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Currency/Cash                    TRADJPY 65,507,566.        Trading Account - Japanese Yen                JPN                 65,507,566.00
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Currency/Cash                    TRADUSD         2,505.35   Trading Account - United States Dollar        USA                     286,399.07
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Equity                             6010702      44,000.     AISIN SEIKI COMPANY NPV                       JPN                149,160,000.00
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Equity                             6022105     166,000.     AMADA COMPANY NPV                             JPN                198,619,000.00
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Equity                             6044109     252,000.     ANRITSU CORPORATION NPV                       JPN                152,964,000.00
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Equity                             6985383      37,000.     ASTELLAS PHARMA COMPANY LIMITED COM JPY NPV   JPN                155,030,000.00
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Equity                             6075756     139,000.     BANK OF KYOTO NPV                             JPN                171,317,500.00
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Equity                             6172323      39,150.     CANON INC JPY NPV                             JPN                219,044,250.00
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Equity                             6250508      29,500.     DAITO TRUST CONSTRUCTION NPV                  JPN                186,440,000.00
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Equity                             6332860      73,000.     FCC CO NPV                                    JPN                164,980,000.00
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Equity                             6435145      54,000.     HONDA MOTOR COMPANY NPV                       JPN                195,750,000.00
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Equity                             6468624     148,000.     JACCS COMPANY NPV                             JPN                174,936,000.00
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Equity                             6483360     116,000.     KANEKA CORPORATION JPY50                      JPN                120,872,000.00
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Equity                             6560973      43,000.     MANDOM JPY50                                  JPN                119,110,000.00
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Equity                             6335171         129.     MITSUBISHI UFJ FINANCIAL GROUP COM JPY NPV    JPN                205,755,000.00
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Equity                             6597302     100,000.     MITSUI & COMPANY JPY NPV                      JPN                161,450,000.00
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Equity                             6591014         211.     MIZUHO FINANCIAL GROUP JPY NPV                JPN                204,248,000.00
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Equity                             6644060       9,740.     NIPPON TV NETWORK JPY500                      JPN                151,846,600.00
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Equity                             6129277         911.     NTT DOCOMO JPY NPV                            JPN                152,592,500.00
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Equity                             6657808     241,000.     OKUMURA CORPORATION JPY50                     JPN                153,155,500.00
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Equity                             6659428      62,300.     OMRON CORPORATION JPY50                       JPN                181,916,000.00
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Equity                             6661144       5,900.     ORIX CORPORATION JPY50                        JPN                164,610,000.00
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Equity                             6670582     120,000.     PARCO JPY NPV                                 JPN                139,980,000.00
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Equity                             6738220      61,000.     RICOH COMPANY JPY50                           JPN                136,640,000.00
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Equity                             6747204      16,800.     ROHM COMPANY JPY50                            JPN                171,528,000.00
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Equity                             6775432      23,700.     SANKYO COMPANY LIMITED JPY NPV                JPN                171,943,500.00
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Equity                             6793423     143,352.     SEINO HOLDINGS JPY50                          JPN                172,954,188.00
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Equity                           B0FS5D6        40,000.     SEVEN & I HOLDINGS CO LTD COM JPY NPV         JPN                150,400,000.00
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Equity                             6870445      29,000.     TAKEDA PHARAMACEUTICAL CO JPY50               JPN                205,900,000.00
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Equity                             6870768     186,000.     TAKUMA COMPANY JPY50                          JPN                142,848,000.00
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Equity                             6893914      85,000.     TOKAI RUBBER INDUSTRIES JPY50                 JPN                148,707,500.00
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Equity                             6900643      35,600.     TOYOTA MOTOR CORPORATION JPY50                JPN                212,888,000.00
JAPSEQ - ABERDEEN GS JAPAN SELECT EQUITY FUND   Equity                             6985264      65,000.     YAMAHA MOTOR COMPANY LIMITED JPY50            JPN                193,862,500.00
                                                                                                                                                                           5,292,705,784.07
Mkt Val %   Fund Base Currency
  (0.09%)   JPY
    1.24%   JPY
    0.01%   JPY
    2.82%   JPY
    3.75%   JPY
    2.89%   JPY
    2.93%   JPY
    3.24%   JPY
    4.14%   JPY
    3.52%   JPY
    3.12%   JPY
    3.70%   JPY
    3.31%   JPY
    2.28%   JPY
    2.25%   JPY
    3.89%   JPY
    3.05%   JPY
    3.86%   JPY
    2.87%   JPY
    2.88%   JPY
    2.89%   JPY
    3.44%   JPY
    3.11%   JPY
    2.64%   JPY
    2.58%   JPY
    3.24%   JPY
    3.25%   JPY
    3.27%   JPY
    2.84%   JPY
    3.89%   JPY
    2.70%   JPY
    2.81%   JPY
    4.02%   JPY
    3.66%   JPY
 100.00%
Fund Name                                 Investment Classification Name   SEDOL           Quantity     Security Description                                   Country of Issue
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Currency/Cash                    DE_CSH_INCEUR     3,643.87   Income - Euro                                          EMU
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Currency/Cash                    DE_CSH_INCUSD        94.13   Income - United States Dollar                          USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Currency/Cash                    TRADEUR           1,263.6    Trading Account - Euro                                 EMU
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Currency/Cash                    TRADUSD          10,077.25   Trading Account - United States Dollar                 USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2595708     240.     3M COMPANY COM USD0.01                                 USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2695921     240.     AETNA INC (NEW) COM USD0.01                            USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2026361     260.     AFLAC INC COM USD0.10                                  USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2024020     340.     ALLEGHENY ENERGY COM USD1.25                           USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2019952     390.     ALLSTATE CORP COM USD0.01                              USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2589198     270.     ALLTEL CORP COM USD1                                   USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2692632     330.     ALTRIA GROUP INC COM USD0.333333                       USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2382416     710.     AMERICAN AXLE & MFG HOLDINGS USD0.01                   USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2029809     530.     AMERICAN STANDARD COMPANIES COM USD0.01                USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2032380     320.     ANADARKO PETROLEUM COM USD0.10                         USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2043962     350.     APACHE CORPORATION COM USD1.25                         USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2331430     270.     ASSURANT COM USD0.01                                   USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2111955     470.     BORG WARNER INC COM USD0.01                            USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2210959     300.     CANADIAN NATIONAL RAILWAY COM STK USD NPV              CAN
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2570545     240.     CAREMARK RX COM USD0.001                               USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2159676     220.     CDW COMPUTERS CENTERS INC COM STK USD0.01              USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2838555     370.     CHEVRON CORPORATION USD0.75                            USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2198163     920.     CISCO SYSTEMS COM USD0.001                             USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2297907     390.     CITIGROUP INC COM USD0.01                              USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2278719     270.     DOW CHEMICAL CO COM USD2.50                            USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2295172   1,800.     EMC CORPORATION (MASS) COM USD0.01                     USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2318024     340.     EOG RESOURCES INC COM STK USD0.01                      USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2326618     400.     EXXON MOBIL CORPORATION COM STK USD NPV                USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2345022     486.     FEDERATED DEPT STORE COM STK USD0.01                   USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2361619     220.     FOUR SEASONS HOTEL LIM-VTG CAD NPV (NEWYORK LISTING)   CAN
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2380498     540.     GENERAL ELECTRIC COMPANY COM USD0.06                   USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2407966     130.     GOLDMAN SACHS GROUP COM STK USD0.01                    USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2411053     230.     HARLEY DAVIDSON COM STK USD0.01                        USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2023748     510.     HESS CORPORATION COM USD1                              USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2463247     580.     INTEL CORPORATION COM USD0.001                         USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2465760     460.     ITT INDUSTRIES INC COM STK USD1                        USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2475833     410.     JOHNSON & JOHNSON COM USD1                             USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2190385     290.     JP MORGAN CHASE & CO COM STK USD1                      USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2510723     180.     LEHMAN BROTHERS HOLDINGS INC COM USD0.10               USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2511908     250.     LEXMARK INTERNATIONAL INC CLASS 'A' COMUSD0.01         USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2580986     240.     MERRILL LYNCH & CO COM USD1.333                        USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2588173     790.     MICROSOFT CORPORATION COM USD0.0000125                 USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2606600     810.     MOTOROLA INC COM USD3                                  USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2681511     360.     PEPSICO INC CAP USD0.01666667                          USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2686107     454.     PETSMART INC USD0.0001                                 USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2684703     700.     PFIZER COM USD0.05                                     USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2704407     260.     PROCTER & GAMBLE COM USD NPV                           USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2702791     400.     QUEST DIAGNOSTICS COM STK USD0.01                      USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2429090     230.     REYNOLDS AMERICAN USD0.01                              USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2746829     330.     ROHM & HAAS COMPANY COM USD2.50                        USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity                                   2754383     570.     ROYAL BANK CANADA COM NPV                              CAN
Mkt Value Mkt Val % Fund Base Currency
  3,643.87    0.39% EUR
     73.62    0.01% EUR
  1,263.60    0.14% EUR
  7,881.24    0.85% EUR
 15,160.51    1.63% EUR
  7,494.85    0.80% EUR
  9,424.87    1.01% EUR
  9,857.21    1.06% EUR
 16,693.31    1.79% EUR
 13,478.48    1.45% EUR
 18,951.34    2.03% EUR
  9,500.81    1.02% EUR
 17,935.57    1.92% EUR
 11,935.20    1.28% EUR
 18,681.99    2.00% EUR
 10,220.25    1.10% EUR
 23,929.37    2.57% EUR
 10,264.83    1.10% EUR
  9,360.58    1.00% EUR
  9,402.97    1.01% EUR
 17,958.33    1.93% EUR
 14,052.14    1.51% EUR
 14,716.83    1.58% EUR
  8,241.66    0.88% EUR
 15,442.99    1.66% EUR
 18,438.06    1.98% EUR
 19,192.30    2.06% EUR
 13,911.36    1.49% EUR
 10,571.25    1.13% EUR
 13,919.81    1.49% EUR
 15,294.32    1.64% EUR
  9,873.55    1.06% EUR
 21,079.85    2.26% EUR
  8,618.55    0.92% EUR
 17,808.01    1.91% EUR
 19,213.57    2.06% EUR
  9,525.76    1.02% EUR
  9,171.48    0.98% EUR
 10,915.91    1.17% EUR
 13,056.39    1.40% EUR
 14,395.79    1.54% EUR
 12,764.75    1.37% EUR
 16,904.24    1.81% EUR
  9,089.67    0.98% EUR
 12,848.83    1.38% EUR
 11,305.78    1.21% EUR
 18,744.94    2.01% EUR
 20,740.04    2.22% EUR
 12,935.33    1.39% EUR
 18,166.45    1.95% EUR
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity   2754907   530.   ROYAL CARIBBEAN CRUISES COM USD0.01     USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity   2767165   748.   SAFEWAY INC COM USD0.01                 USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity   2136475   990.   SERVICEMASTER COMPANY COM STK USD0.01   USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity   2178734   460.   SOUTH FINANCIAL GROUP COM USD1          USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity   2767381   564.   ST JUDE MEDICAL INC COM STK USD0.10     USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity   2840549   240.   STANLEY WORKS COM USD2.50               USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity   2841489   530.   STAPLES INC COM USD0.0006               USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity   2381093   320.   TELUS CORPORATION COM STK CAD NPV       CAN
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity   2885937   240.   TEXTRON INC COM USD0.125                USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity   2989301   490.   TJX COMPANIES INC COM STK USD1          USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity   2885700   360.   TXU CORPORATION COM USD NPV             USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity   2917766   503.   UNITED HEALTH GROUP COM USD0.01         USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity   2915500   460.   UNITED TECHNOLOGIES COM USD1            USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity   2922544   320.   UST INC COM STK USD0.50                 USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity   2794743   270.   WELLPOINT COM USD0.01                   USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity   2649100   330.   WELLS FARGO & CO COM USD1 2/3           USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity   2764984   340.   WILLIS GROUP HOLDINGS COM USD0.00015    BMU
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity   2027104   619.   WYETH COM USD0.333                      USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity   2985202   820.   XEROX CORPORATION COM USD1              USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity   2783815   170.   ZIMMER HLDGS COM USD0.01                USA
EUNAF - ABERDEEN GS NORTH AMERICAN FUND   Equity   2989828   200.   ZIONS BANCORPORATION COM NPV            USA
 15,854.76     1.70%   EUR
 15,209.93     1.63%   EUR
  7,998.12     0.86%   EUR
  9,501.20     1.02%   EUR
 14,300.28     1.53%   EUR
  8,863.18     0.95%   EUR
 10,093.16     1.08%   EUR
 10,358.48     1.11%   EUR
 17,302.16     1.86%   EUR
  8,760.41     0.94%   EUR
 16,833.85     1.81%   EUR
 17,615.88     1.89%   EUR
 22,815.84     2.45%   EUR
 11,309.53     1.21%   EUR
 15,366.27     1.65%   EUR
 17,312.48     1.86%   EUR
  8,535.64     0.92%   EUR
 21,499.27     2.31%   EUR
  8,920.59     0.96%   EUR
  7,541.15     0.81%   EUR
 12,191.10     1.31%   EUR
932,235.69   100.00%
Security Type Name   Investment Classification Name   SEDOL
Currency Forward     Currency/Cash                    FEURGBPL060810
Currency Forward     Currency/Cash                    FEURUSDL060810
Currency Forward     Currency/Cash                    FGBPEURL060707
Currency Forward     Currency/Cash                    FGBPEURL060714
Currency Forward     Currency/Cash                    FGBPEURL060721
Currency Forward     Currency/Cash                    FEURGBPS060707
Currency Forward     Currency/Cash                    FEURGBPS060714
Currency Forward     Currency/Cash                    FEURGBPS060721
Currency Forward     Currency/Cash                    FGBPEURS060810
Currency Forward     Currency/Cash                    FUSDEURS060810
Currency             Currency/Cash                    TRADEUR
Currency             Currency/Cash                    TRADGBP
Currency             Currency/Cash                    TRADUSD
CORPORATE BOND       Debt                             B0ZST56
CORPORATE BOND       Debt                                       3280478
CORPORATE BOND       Debt                             B04V235
CORPORATE BOND       Debt                             B068MH8
CORPORATE BOND       Debt                             B0BXJR7
CORPORATE BOND       Debt                             B05R0Z0
CORPORATE BOND       Debt                                       7677559
CORPORATE BOND       Debt                                       3321377
CORPORATE BOND       Debt                                       3305694
CORPORATE BOND       Debt                                       7673063
CORPORATE BOND       Debt                             B01BJM6
CORPORATE BOND       Debt                                       3363410
CORPORATE BOND       Debt                             B188HR8
CORPORATE BOND       Debt                             B02W8H6
CORPORATE BOND       Debt                             B07RBB1
CORPORATE BOND       Debt                             B0F5LQ2
CORPORATE BOND       Debt                             B0ZB6M1
CORPORATE BOND       Debt                                       7724303
CORPORATE BOND       Debt                             B120K26
CORPORATE BOND       Debt                             B07RXL5
CORPORATE BOND       Debt                                       3431878
CORPORATE BOND       Debt                                       0440316
CORPORATE BOND       Debt                             B04H0V7
CORPORATE BOND       Debt                             B12YZY5
CORPORATE BOND       Debt                             B00KVJ5
CORPORATE BOND       Debt                             B0DW1F4
CORPORATE BOND       Debt                                       5744518
CORPORATE BOND       Debt                             B04SN00
CORPORATE BOND       Debt                                       7618376
CORPORATE BOND       Debt                                       7349591
CORPORATE BOND       Debt                             B13XF30
CORPORATE BOND       Debt                                       7443493
CORPORATE BOND       Debt                             B0LD041
CORPORATE BOND       Debt                             B00K9C4
CORPORATE BOND       Debt                             B0L2MF3
CORPORATE BOND       Debt                             B1528T2
CORPORATE BOND       Debt                                       0464383
CORPORATE BOND               Debt               7179129
CORPORATE BOND               Debt               0977137
CORPORATE BOND               Debt               3173675
CORPORATE BOND               Debt               7086382
CORPORATE BOND               Debt   B068HJ5
CORPORATE BOND               Debt   B0201F9
CORPORATE BOND               Debt   B15CL04
CORPORATE BOND               Debt               3165155
CORPORATE BOND               Debt   B10DR04
CORPORATE BOND               Debt               7508518
CORPORATE BOND               Debt   B0JPZ55
CORPORATE BOND               Debt   B0JPKR2
CORPORATE BOND               Debt               7289136
CORPORATE BOND               Debt   B02WDN7
CORPORATE BOND               Debt               7734283
CORPORATE BOND               Debt               7677883
CORPORATE BOND               Debt               7162282
CORPORATE BOND               Debt               7162903
CORPORATE BOND               Debt               4081788
CORPORATE BOND WITH FACTOR   Debt               7750557
CORPORATE BOND               Debt   B16DFV5
CORPORATE BOND               Debt               7100981
CORPORATE BOND               Debt   B031JP7
DeAM Fixed Deposit           Debt   DB19679_20060704_1
CORPORATE BOND               Debt               7331327
CORPORATE BOND               Debt   B03FFG2
CORPORATE BOND               Debt               7535237
CORPORATE BOND               Debt   B0V90B6
CORPORATE BOND               Debt               7365791
CORPORATE BOND               Debt               3142880
CORPORATE BOND               Debt               3436679
CORPORATE BOND               Debt               7224632
CORPORATE BOND               Debt   B16NS49
CORPORATE BOND               Debt   B0BNJD3
CORPORATE BOND               Debt   B0LCYT1
CORPORATE BOND               Debt   B05Q7K1
CORPORATE BOND               Debt   B15C4W7
CORPORATE BOND               Debt   B018N92
CORPORATE BOND               Debt   B16TGW1
CORPORATE BOND               Debt               3439117
CORPORATE BOND               Debt   B06LJM1
CORPORATE BOND               Debt               3219524
CORPORATE BOND               Debt               3269693
CORPORATE BOND               Debt               7697706
CORPORATE BOND               Debt   B0SQCN6
CORPORATE BOND               Debt   B0BYQG8
CORPORATE BOND               Debt   B02Y9C4
CORPORATE BOND               Debt               7794083
CORPORATE BOND               Debt               7234619
CORPORATE BOND               Debt               7138012
CORPORATE BOND               Debt   B031MQ9
DeAM Interest Rate Swap      Debt   DB8502P
DeAM Interest Rate Swap   Debt   DB6054P
DeAM Interest Rate Swap   Debt   DB8335P
DeAM Interest Rate Swap   Debt   DB5790P
DeAM Interest Rate Swap   Debt   DB6054R
DeAM Interest Rate Swap   Debt   DB8502R
DeAM Interest Rate Swap   Debt   DB8335R
DeAM Interest Rate Swap   Debt   DB5790R
DeAM Interest Rate Swap   Debt   DB1644P
DeAM Interest Rate Swap   Debt   DB5713P
DeAM Interest Rate Swap   Debt   DB5713R
DeAM Interest Rate Swap   Debt   DB1644R
DeAM Interest Rate Swap   Debt   DB4404P
DeAM Interest Rate Swap   Debt   DB5274P
DeAM Interest Rate Swap   Debt   DB3923P
DeAM Interest Rate Swap   Debt   DB3923R
DeAM Interest Rate Swap   Debt   DB4404R
DeAM Interest Rate Swap   Debt   DB5274R
DeAM Interest Rate Swap   Debt   DB7245P
DeAM Interest Rate Swap   Debt   DB5493P
DeAM Interest Rate Swap   Debt   DB8388P
DeAM Interest Rate Swap   Debt   DB9329P
DeAM Interest Rate Swap   Debt   DB8014P
DeAM Interest Rate Swap   Debt   DB7245R
DeAM Interest Rate Swap   Debt   DB9329R
DeAM Interest Rate Swap   Debt   DB8014R
DeAM Interest Rate Swap   Debt   DB8388R
DeAM Interest Rate Swap   Debt   DB5493R
DeAM Interest Rate Swap   Debt   DB9660P
DeAM Interest Rate Swap   Debt   DB9753P
DeAM Interest Rate Swap   Debt   DB5275P
DeAM Interest Rate Swap   Debt   DB8822P
DeAM Interest Rate Swap   Debt   DB6272P
DeAM Interest Rate Swap   Debt   DB7038P
DeAM Interest Rate Swap   Debt   DB9079P
DeAM Interest Rate Swap   Debt   DB9145P
DeAM Interest Rate Swap   Debt   DB7995P
DeAM Interest Rate Swap   Debt   DB5275R
DeAM Interest Rate Swap   Debt   DB9753R
DeAM Interest Rate Swap   Debt   DB9660R
DeAM Interest Rate Swap   Debt   DB6272R
DeAM Interest Rate Swap   Debt   DB8822R
DeAM Interest Rate Swap   Debt   DB7995R
DeAM Interest Rate Swap   Debt   DB9079R
DeAM Interest Rate Swap   Debt   DB7038R
DeAM Interest Rate Swap   Debt   DB9145R
DeAM Interest Rate Swap   Debt   DB6546P
DeAM Interest Rate Swap   Debt   DB9675P
DeAM Interest Rate Swap   Debt   DB4076P
DeAM Interest Rate Swap   Debt   DB5743P
DeAM Interest Rate Swap   Debt   DB4890P
DeAM Interest Rate Swap   Debt   DB8844P
DeAM Interest Rate Swap   Debt   DB6815P
DeAM Interest Rate Swap   Debt   DB4890R
DeAM Interest Rate Swap   Debt   DB4076R
DeAM Interest Rate Swap   Debt   DB5743R
DeAM Interest Rate Swap   Debt   DB9675R
DeAM Interest Rate Swap   Debt   DB6546R
DeAM Interest Rate Swap   Debt   DB6815R
DeAM Interest Rate Swap   Debt   DB8844R
DeAM Interest Rate Swap   Debt   DB8019P
DeAM Interest Rate Swap   Debt   DB6768P
DeAM Interest Rate Swap   Debt   DB4462P
DeAM Interest Rate Swap   Debt   DB3138P
DeAM Interest Rate Swap   Debt   DB4371P
DeAM Interest Rate Swap   Debt   DB4462R
DeAM Interest Rate Swap   Debt   DB3138R
DeAM Interest Rate Swap   Debt   DB8019R
DeAM Interest Rate Swap   Debt   DB6768R
DeAM Interest Rate Swap   Debt   DB4371R
DeAM Interest Rate Swap   Debt   DB9325P
DeAM Interest Rate Swap   Debt   DB7244P
DeAM Interest Rate Swap   Debt   DB3128P
DeAM Interest Rate Swap   Debt   DB7730P
DeAM Interest Rate Swap   Debt   DB3128R
DeAM Interest Rate Swap   Debt   DB7244R
DeAM Interest Rate Swap   Debt   DB9325R
DeAM Interest Rate Swap   Debt   DB7730R
DeAM Interest Rate Swap   Debt   DB8435P
DeAM Interest Rate Swap   Debt   DB4886P
DeAM Interest Rate Swap   Debt   DB7965P
DeAM Interest Rate Swap   Debt   DB7373P
DeAM Interest Rate Swap   Debt   DB8435R
DeAM Interest Rate Swap   Debt   DB4886R
DeAM Interest Rate Swap   Debt   DB7965R
DeAM Interest Rate Swap   Debt   DB7373R
DeAM Interest Rate Swap   Debt   DB6870P
DeAM Interest Rate Swap   Debt   DB4495P
DeAM Interest Rate Swap   Debt   DB3226P
DeAM Interest Rate Swap   Debt   DB9676P
DeAM Interest Rate Swap   Debt   DB7638P
DeAM Interest Rate Swap   Debt   DB5759P
DeAM Interest Rate Swap   Debt   DB1875P
DeAM Interest Rate Swap   Debt   DB4244P
DeAM Interest Rate Swap   Debt   DB8850P
DeAM Interest Rate Swap   Debt   DB5642P
DeAM Interest Rate Swap   Debt   DB7638R
DeAM Interest Rate Swap   Debt   DB5759R
DeAM Interest Rate Swap   Debt   DB3226R
DeAM Interest Rate Swap   Debt   DB9676R
DeAM Interest Rate Swap   Debt   DB6870R
DeAM Interest Rate Swap   Debt   DB4495R
DeAM Interest Rate Swap   Debt   DB1875R
DeAM Interest Rate Swap   Debt   DB4244R
DeAM Interest Rate Swap   Debt   DB5642R
DeAM Interest Rate Swap      Debt   DB8850R
CORPORATE BOND               Debt   B0LWJR4
CORPORATE BOND               Debt   B03VTQ8
CORPORATE BOND               Debt   B01NFF7
CORPORATE BOND               Debt   B114RX9
CORPORATE BOND WITH FACTOR   Debt   B06WK43
CORPORATE BOND               Debt   B09WN30
CORPORATE BOND               Debt             0773636
CORPORATE BOND               Debt             3100985
CORPORATE BOND               Debt             7108123
CORPORATE BOND               Debt             7772142
CORPORATE BOND               Debt             7677344
CORPORATE BOND               Debt   B0PNSR6
CORPORATE BOND               Debt             6622088
CORPORATE BOND               Debt             3353596
CORPORATE BOND               Debt   B10SKL1
CORPORATE BOND               Debt   B0NCQB5
CORPORATE BOND               Debt   B05BFC4
CORPORATE BOND               Debt   B03KNN0
CORPORATE BOND               Debt   B01ZWY1
CORPORATE BOND               Debt             7224427
CORPORATE BOND               Debt   B00FX49
CORPORATE BOND               Debt   B046K58
CORPORATE BOND               Debt   B03BM69
CORPORATE BOND               Debt   B0SN594
CORPORATE BOND               Debt             7377417
CORPORATE BOND               Debt   B02KY16
CORPORATE BOND               Debt   B09DYM9
CORPORATE BOND               Debt   B06FYB7
CORPORATE BOND               Debt   B1528R0
CORPORATE BOND               Debt             7547599
CORPORATE BOND               Debt   B14QM59
GOVERNMENT BOND              Debt             5510797
GOVERNMENT BOND              Debt             4920375
CORPORATE BOND               Debt             7634554
CORPORATE BOND               Debt   B01G017
CORPORATE BOND               Debt             7542646
CORPORATE BOND               Debt   B02SPY0
CORPORATE BOND               Debt             7330216
CORPORATE BOND               Debt   B035F84
CORPORATE BOND               Debt   B10S7Z4
CORPORATE BOND               Debt             5974809
CORPORATE BOND               Debt             7704521
CORPORATE BOND               Debt   B06PGQ6
CORPORATE BOND               Debt             3171550
CORPORATE BOND               Debt             7524774
CORPORATE BOND               Debt   B05L483
CORPORATE BOND               Debt             7521582
CORPORATE BOND               Debt   B040JL9
CORPORATE BOND               Debt   B05QYS8
CORPORATE BOND               Debt   B0BPG05
CORPORATE BOND               Debt   B06FVH2
CORPORATE BOND    Debt   B07J6Z6
CORPORATE BOND    Debt             7534654
CORPORATE BOND    Debt             4474021
CORPORATE BOND    Debt   B11KH71
CORPORATE BOND    Debt   B06FM68
CORPORATE BOND    Debt   B0L6KC8
CORPORATE BOND    Debt             5655416
CORPORATE BOND    Debt             7388505
CORPORATE BOND    Debt   B0T1M18
CORPORATE BOND    Debt             7249077
CORPORATE BOND    Debt             7249323
CORPORATE BOND    Debt             7079768
CORPORATE BOND    Debt   B0LWMP3
CORPORATE BOND    Debt   B02R127
GOVERNMENT BOND   Debt             7603725
CORPORATE BOND    Debt   B05KVW3
CORPORATE BOND    Debt   B0SKJR1
CORPORATE BOND    Debt   B01ZML8
CORPORATE BOND    Debt   B0DCZR4
CORPORATE BOND    Debt   B0BSCT5
CORPORATE BOND    Debt   B02SSH4
Quantity              Security Description
  16,480,722.32       BUY EUR:SELL GBP 10/08/06
  37,466,452.53       BUY EUR:SELL USD 10/08/06
   6,900,000.         BUY GBP:SELL EUR 07/07/06
   7,178,000.         BUY GBP:SELL EUR 14/07/06
   6,828,000.         BUY GBP:SELL EUR 21/07/06
(10,091,555.27    )   SELL EUR:BUY GBP 07/07/06
(10,501,828.82    )   SELL EUR:BUY GBP 14/07/06
 (9,878,472.22    )   SELL EUR:BUY GBP 21/07/06
(11,282,670.37    )   SELL GBP:BUY EUR 10/08/06
(47,938,000.      )   SELL USD:BUY EUR 10/08/06
  11,969,098.91       Trading Account - Euro
       (417.71    )   Trading Account - UK Pound Sterling
     150,791.24       Trading Account - United States Dollar
   5,000,000.         ABN AMRO 4.31% PERP 10/02/49-16 EUR
     740,000.         AEGON 4 5/8 16/04/08 EMTN
   2,000,000.         AEGONNV 4.125% 08/12/14 EMTN EUR
   1,320,000.         AIR PRODUCT & CHEMICALS 3.875% 10/03/15EUR
   2,490,000.         AKTIEBOLAGET 3% 28/06/10 EUR
   4,030,000.         ALLIANZ FINANCE 4.375% FLOAT PERP EUR XW
   1,100,000.         ALTADIS FINANCE 4.25% 02/10/08 EUR
   2,250,000.         ANGLIAN WATER SERVICE FIN 4.625% 07/10/13 EMTN EUR
   1,700,000.         ANGLO AMERICAN CAPITAL 3.625% EMTN 05/06/08 EUR
     495,000.         ASIF III 4.75% 11/09/13 EMTN EUR
   7,800,000.         AUTOSTRADE SPA 5% EMTN 09/06/14 EUR
   4,420,000.         AVIVA 5.7% PERP VAR 29/06/49-15 EUR
   3,800,000.         AXA SA 5.777% FIX-FLT 06/07/16 EMTN EUR
   4,540,000.         BAA 4.5% EMTN 30/09/14 EUR
   2,600,000.         BANCA POPOLARE ITALIANA 2.435% 18/04/08FRN EUR
   1,200,000.         BANCA POPOLARE ITALIANA FRN 30/07/07 EMTN
   4,000,000.         BANCAJA INTL FIN FIX FLOAT PERP 03/03/49-13EUR
   1,500,000.         BANCO BILBAO VIZCAYA ARG 4.5% VAR 12/11/15 EUR
   1,600,000.         BANK OF AMERICA CORP 4% 28/03/18 EMTN EUR
   7,500,000.         BANQUE FED CRED MUTUEL 4.471% VAR 28/10/49 PERP EUR
   2,700,000.         BARCLAYS BANK 4.5% EMTN 04/03/19 EUR
   3,000,000.         BARCLAYS BANK 7.50% STEP UP CALL 15/12/10 EUR (PERP)
   3,440,000.         BARCLAYS BANK PLC 4.875% 15/12/14 PERP EMTN EUR
   4,430,000.         BASF AG 4% SNR NTS 21/04/11 EUR
   8,100,000.         BAT HOLDINGS 4.375% 15/06/11 EMTN EUR
   2,750,000.         BAYER AG 5% VAR 29/07/2105 EUR
   1,250,000.         BAYER HYPO-VEREINSBANK 5.625% 08/09/09 EUR
   1,000,000.         BES FINANCE 4.5% VAR 16/03/49 PERP EMTNEUR
   2,600,000.         BES FINANCE 5.58% VAR 02/07/49 EUR
   3,350,000.         BES FINANCE 6.625% PERP FRN EMTN 08/02/49 EUR
   5,600,000.         BHP BILLITON FINANCE 4.125% EMTN 05/05/11 EUR
   1,245,000.         BHP BILLITON FINANCE NV 4.375% 10/10/07 SER EMTN EUR
   4,200,000.         BILBAO BIZBAIA KUTXA FRN 28/09/15 EUR
   2,400,000.         BMW FINANCE 3.875% EMTN 06/04/11 EUR
   1,000,000.         BMW US CAPITAL 2.75% 23/09/2010 'EMTN' EUR
   1,750,000.         BOUYGUES 4.5 % 24/05/13 EUR
     200,000.         BRITISH TELECOM 8.875% 15/12/30 USD
  5,100,000.       CAJA AHORRO MONTE MADRID 5.25% 31/07/11EUR
  1,000,000.       CHESTER ASSET REC DEAL 11 6.125% 15/10/10 EUR 'A'
  5,000,000.       CHESTER ASSET RECEIVABLES DEAL (II) FRN15/07/11 2002-A A
  1,000,000.       CITI CRED CRD ISSNCE TST 5.375% 11/04/11 EUR
  3,500,000.       CITIGROUP 4.25% FIX-FLT 25/02/30 EUR EMTN
  3,600,000.       CITIGROUP 5% 02/08/19 EUR
  5,500,000.       COMPAGNIE DE ST GOBAIN 4.875% 31/05/16 EUR
  1,900,000.       COMPASS GROUP 6.375% EMTN 29/05/12 GBP
  6,500,000.       CREDIT LOGEMENT 4.604% PERP 29/03/49 EUR
  2,400,000.       CREDIT LYONNAIS 5% EMTN 15/11/12 EUR
  2,000,000.       CREDIT SUISSE GROUP 3.625% 14/09/2020 EUR
  8,000,000.       CREDIT SUISSE GROUP FINANCE 3.125% 14/09/12 EUR
  9,000,000.       DAIMLER CHRYSLER 7.3% 15/01/12 USD
  4,000,000.       DAIMLER-CHRYSLER UK HLDG FRN 29/09/06 EMTN EUR
  3,100,000.       DAIMLERCHRYSLER NA HLDGS 6.5% 15/11/13 USD
    900,000.       DEUTSCHE CAP TRUST 5.33% VAR 19/09/13 PERP EUR
  4,450,000.       DEUTSCHE TELEKOM 5.875% 11/07/06 EUR
  4,090,000.       DEUTSCHE TELEKOM INT FINANCE 7.125% 11/07/11 EUR
  7,250,000.       DEUTSCHE TELEKOM INTL FINANCE 8.25% VAR 15/06/30 USD
  3,311,549.03     E-MAC FRN SER NL03-II CLS A 25/10/35
  3,700,000.       EDP FINANCE BV 4.625% 13/06/16 EMTN EUR
  2,000,000.       EUROCLEAR FINANCE SA 6.875% PERP 04/10/07 EUR
    540,000.       EWE AG 4.875% 14/10/19 EUR
13,850,000.        FD DEXIA BANQUE IN (MM 04/07/2006)
    805,000.       FIDELITY INTERNATIONAL 6.25% 21/03/12 EUR
  2,900,000.       FORTIS BANK NV-SA 4.625% VAR 27/10/49 PERP EUR REGS
  4,950,000.       FRANCE TELECOM 8.125% EMTN 28/01/33 EUR
  2,750,000.       GE CAPITAL EURO FUNDING FRN 22/12/10 EMTN EUR
  2,920,000.       GENERAL ELECTRIC CAPITAL CORP 6.25% EMTN 15/12/17 GBP
    750,000.       GENERAL MOTORS ACC CORP 6.125% EMTN 15/03/2007 EUR
  1,430,000.       GENERAL MOTORS ACCEPT CORP 5.375% EMTN 06/06/11 EUR
  1,600,000.       GENERAL MOTORS ACCEPTANCE CORP 6% 16/10/06 EUR
  5,600,000.       GENERALI FINANCE BV 5.317% FIX-FLT PERP29/06/49-16 EUR
  6,000,000.       GERMAN POSTAL PENSIONS 3.375% 18/01/16 SER 2 EUR
15,000,000.        GRANITE MASTER ISSUER 2.261% 20/12/54EUR SER 2005-4 CL A5
  1,000,000.       GRANITE MASTER ISSUER FRN 20/12/54 2005-1 A5
    650,000.       GRANITE MASTER ISSUER PLC FRN 2006-2 CLA5 20/12/54 EUR
  5,000,000.       GRANITE MORTGAGES FRN 20/06/44 2004-2 2A1
  3,860,000.       HAMMERSON PLC 4.875% 19/06/15 EUR
  3,190,000.       HBOS 4.875% VAR PERP 29/03/49 EUR EMTN
  3,000,000.       HBOS PLC 4.5% VAR 18/03/30 EMTN EUR
    900,000.       HOLMES FINANCING PLC FRN 15/10/09 6 3A
  1,500,000.       HSBC BANK PLC 4.25% 18/03/16 EMTN EUR
  2,440,000.       HSBC CAPITAL FUNDING 5.3687% FIX-FLOAT PERP EUR
  4,500,000.       HSBC FIN CAP TRUST IX 5.911 VAR 30/11/35 FIX-FLOAT USD
  3,700,000.       HSBC HOLDINGS 3.625% VAR 29/06/20 EUR
  3,000,000.       HSBC HOLDINGS FRN 22/09/14 EMTN EUR
  5,290,000.       ING BANK 4.625% EMTN 15/03/19 EUR
    620,000.       ING BANK NV 5.50% 04/01/12 EMTN EUR
    400,000.       ING VERZEKERINGEN NV 6.25% 21/06/21 EUR
  3,700,000.       IRISH NATIONWIDE BLDG SOC FRN 12/10/09 EMTN EUR
(1,700,000.    )   IRS BB PAY GBP 4.569% 19/10/2015
   (900,000.    ) IRS BB PAY GBP 4.995% 17/11/2015
 (9,000,000.    ) IRS BB PAY USD 4.5575% 15/01/2012
 (2,700,000.    ) IRS BB PAY USD 4.9375% 23/03/2015
     900,000.     IRS BB REC GBP 6M LIBOR 17/11/2015
   1,700,000.     IRS BB REC GBP 6M LIBOR 19/10/2015
   9,000,000.     IRS BB REC USD 3M LIBOR 15/01/2012
   2,700,000.     IRS BB REC USD 3M LIBOR 23/03/2015
(17,000,000.    ) IRS CGM PAY EUR 6M EIBOR 07/09
 (7,000,000.    ) IRS CGM PAY EUR 6M EIBOR 14/03/2009
   7,000,000.     IRS CGM REC EUR 3.06% 14/03/2009
  17,000,000.     IRS CGM REC EUR 3.7505% 07/09
 (4,900,000.    ) IRS CS PAY EUR 3.66% 28/02/2016
 (7,000,000.    ) IRS CS PAY EUR 4.093% 29/03/2033
(11,750,000.    ) IRS CS PAY EUR 6M EIBOR 13/02/2009
  11,750,000.     IRS CS REC EUR 3.252% 13/02/2009
   4,900,000.     IRS CS REC EUR 6M EIBOR 28/02/2016
   7,000,000.     IRS CS REC EUR 6M EIBOR 29/03/2033
 (9,400,000.    ) IRS DB PAY EUR 6M EIBOR 02/06/2012
 (1,000,000.    ) IRS DB PAY USD 4.7675% 31/12/2016
 (2,400,000.    ) IRS DB PAY USD 4.988% 15/06/2030
 (1,100,000.    ) IRS DB PAY USD 5.168% 08/12/2017
 (1,700,000.    ) IRS DB PAY USD 5.7% 09/06/2030
   9,400,000.     IRS DB REC EUR 3.94% 02/06/2012
   1,100,000.     IRS DB REC USD 3M LIBOR 08/12/2017
   1,700,000.     IRS DB REC USD 3M LIBOR 09/06/2030
   2,400,000.     IRS DB REC USD 3M LIBOR 15/06/2030
   1,000,000.     IRS DB REC USD 3M LIBOR 31/12/2016
 (5,400,000.    ) IRS GS PAY EUR 6M EIBOR 03/07/2014
 (5,900,000.    ) IRS GS PAY EUR 6M EIBOR 04/07/2012
 (2,000,000.    ) IRS GS PAY EUR 6M EIBOR 29/03/2027
 (2,000,000.    ) IRS GS PAY GBP 4.69% 29/05/2012
 (1,000,000.    ) IRS GS PAY GBP 4.861% 12/05/2015
   (380,000.    ) IRS GS PAY USD 4.654% 15/02/2030
 (1,500,000.    ) IRS GS PAY USD 4.92% 14/05/2008
 (4,200,000.    ) IRS GS PAY USD 4.988% 29/11/2015
   (560,000.    ) IRS GS PAY USD 5.6725% 08/06/2030
   2,000,000.     IRS GS REC EUR 4.06% 29/03/2027
   5,900,000.     IRS GS REC EUR 4.113% 04/07/2012
   5,400,000.     IRS GS REC EUR 4.228% 03/07/2014
   1,000,000.     IRS GS REC GBP 6M LIBOR 12/05/2015
   2,000,000.     IRS GS REC GBP 6M LIBOR 29/05/2012
     560,000.     IRS GS REC USD 3M LIBOR 08/06/2030
   1,500,000.     IRS GS REC USD 3M LIBOR 14/05/2008
     380,000.     IRS GS REC USD 3M LIBOR 15/02/2030
   4,200,000.     IRS GS REC USD 3M LIBOR 29/11/2015
 (1,400,000.    ) IRS LEH PAY EUR 3.9525% 20/05/2035
 (9,600,000.    ) IRS LEH PAY EUR 6M EIBOR 03/07/2013
 (7,300,000.    ) IRS LEH PAY EUR 6M EIBOR 10/09
 (8,100,000.    ) IRS LEH PAY EUR 6M EIBOR 13/04/2013
(67,500,000.    ) IRS LEH PAY EUR 6M EIBOR 14/03/2008
 (1,000,000.    ) IRS LEH PAY GBP 4.535% 21/11/2031
 (1,000,000.    ) IRS LEH PAY GBP 4.63% 08/12/2014
  67,500,000.       IRS LEH REC EUR 3.333% 14/03/2008
   7,300,000.       IRS LEH REC EUR 3.463% 10/09
   8,100,000.       IRS LEH REC EUR 3.926% 13/04/2013
   9,600,000.       IRS LEH REC EUR 4.148% 03/07/2013
   1,400,000.       IRS LEH REC EUR 6M EIBOR 20/05/2035
   1,000,000.       IRS LEH REC GBP 6M LIBOR 08/12/2014
   1,000,000.       IRS LEH REC GBP 6M LIBOR 21/11/2031
 (5,200,000.    )   IRS ML PAY EUR 4.215% 09/06/2016
 (5,900,000.    )   IRS ML PAY EUR 4.274% 19/05/2016
(10,100,000.    )   IRS ML PAY EUR 6M EIBOR 02/03/2012
   (500,000.    )   IRS ML PAY EUR 6M EIBOR 27/01/2056
 (3,400,000.    )   IRS ML PAY GBP 4.4225% 15/12/2017
  10,100,000.       IRS ML REC EUR 3.476% 02/03/2012
     500,000.       IRS ML REC EUR 3.828% 27/01/2056
   5,200,000.       IRS ML REC EUR 6M EIBOR 09/06/2016
   5,900,000.       IRS ML REC EUR 6M EIBOR 19/05/2016
   3,400,000.       IRS ML REC GBP 6M LIBOR 15/12/2017
 (3,000,000.    )   IRS MS PAY EUR 3.62% 08/12/2017
(40,500,000.    )   IRS MS PAY EUR 6M EIBOR 02/06/2008
 (9,400,000.    )   IRS MS PAY EUR 6M EIBOR 26/01/2009
 (3,100,000.    )   IRS MS PAY USD 4.6625% 13/10/2010
   9,400,000.       IRS MS REC EUR 3.16% 26/01/2009
  40,500,000.       IRS MS REC EUR 3.599% 02/06/2008
   3,000,000.       IRS MS REC EUR 6M EIBOR 08/12/2017
   3,100,000.       IRS MS REC USD 3M LIBOR 13/10/2010
 (5,600,000.    )   IRS RBS PAY EUR 6M EIBOR 04/10/2011
(34,000,000.    )   IRS RBS PAY EUR 6M EIBOR 14/03/2010
   (900,000.    )   IRS RBS PAY USD 4.26375% 13/10/2010
 (4,700,000.    )   IRS RBS PAY USD 5.7025% 15/06/2030
   5,600,000.       IRS RBS REC EUR 2.93% 04/10/2011
  34,000,000.       IRS RBS REC EUR 3.5285% 14/03/2010
     900,000.       IRS RBS REC USD 3M LIBOR 13/10/2010
   4,700,000.       IRS RBS REC USD 3M LIBOR 15/06/2030
 (7,450,000.    )   IRS UBS PAY EUR 3.381% 18/01/2016
 (4,800,000.    )   IRS UBS PAY EUR 3.722% 29/09/2015
 (1,000,000.    )   IRS UBS PAY EUR 3.938% 01/02/2026
 (2,700,000.    )   IRS UBS PAY EUR 4.455% 03/07/2021
(13,400,000.    )   IRS UBS PAY EUR 6M EIBOR 10/08/2009
 (5,700,000.    )   IRS UBS PAY EUR 6M EIBOR 13/04/2012
 (4,700,000.    )   IRS UBS PAY USD 4.4425% 01/11
 (3,600,000.    )   IRS UBS PAY USD 4.6% 10/16
 (2,000,000.    )   IRS UBS PAY USD 4.65% 14/05/2008
   (255,000.    )   IRS UBS PAY USD 5.735% 12/30
  13,400,000.       IRS UBS REC EUR 2.786% 10/08/2009
   5,700,000.       IRS UBS REC EUR 3.874% 13/04/2012
   1,000,000.       IRS UBS REC EUR 6M EIBOR 01/02/2026
   2,700,000.       IRS UBS REC EUR 6M EIBOR 03/07/2021
   7,450,000.       IRS UBS REC EUR 6M EIBOR 18/01/2016
   4,800,000.       IRS UBS REC EUR 6M EIBOR 29/09/2015
   4,700,000.       IRS UBS REC USD 3M LIBOR 01/11
   3,600,000.       IRS UBS REC USD 3M LIBOR 10/16
     255,000.       IRS UBS REC USD 3M LIBOR 12/30
 2,000,000.    IRS UBS REC USD 3M LIBOR 14/05/2008
 1,870,000.    ITV 5.375% EMTN 19/10/15 GBP
 2,300,000.    JPMORGAN CHASE 4.375% EMTN 12/11/19 EUR
 2,500,000.    KAUPTHING BANK HF FIX-TO-FLOAT PERPETUAL EUR
 7,250,000.    KONINKLIJKE KPN NV 4.5% 18/03/13 EUR
13,931,084.6   KOREA FIRST MORTGAGE FRN SER 4 CLS A 07/07/36
 4,850,000.    LEGAL & GENERAL 4% FIX-FLOAT 08/06/25 EUR EMTN
   900,000.    LLOYDS TSB BANK 5.625% VAR 15/07/49 PERP EUR
 5,210,000.    MARKS & SPENCER PLC 5.125% 07/11/06 EMTN EUR
 1,520,000.    MBNA AMER EURO STRUC OFF 5.45% 19/04/11 EUR
 1,905,000.    MBNA CREDIT CARD MNT 4.5% 17/01/14 EUR '04A1'
   600,000.    MONTE DEI PASCHI DI SEIN 4.5% VAR 24/09/15 EMTN EUR
 4,500,000.    MORGAN STANLEY 4% 17/11/15 EUR
 1,270,000.    NATIONAL AUSTRALIA BANK 3.875% VAR EMTN 04/06/15 EUR
 3,420,000.    NATIONAL GRID ELECTRICITY 4.125% 18/09/08 EMTN EUR
10,800,000.    NATIONAL GRID PLC 4.125% 21/03/13 EMTN EUR
 3,600,000.    OLD MUTUAL PLC 5% FIX-FLT PERPETUAL EUREMTN
 6,600,000.    PACCAR FINANCIAL EUROPE FRN 15/12/06 EMTN EUR
 2,350,000.    PARAGON MORTAGES PLC FRN 16/04/35 8 A2
   275,000.    PEMEX 6.375% 05/08/16 REGS EUR
 3,500,000.    PEMEX PROJ FDG MASTER TR 9.125% 13/10/10 USD
 3,950,000.    PERMANENT FINANCE 3.9615% 10/03/11 '5A1' EUR
 2,625,000.    PERMANENT FINANCE FRN 10/06/42 6 4A
 4,500,000.    RABOBANK CAP FUNDING TST III 5.254 PERPVAR 21/10/49 REGS
 2,900,000.    RBS CAPITAL TRUST 4.243% PERP FIX-FLT 12/49-16 EUR
 2,100,000.    RBS CAPITAL TRUST 6.467% PERP 29/06/49 EUR
 3,000,000.    RBS CAPITAL TRUST IV FRN 30/09/14-49 USD
 3,700,000.    RCI BANQUE SA FRN 20/09/07 EMTN EUR
10,100,000.    REFER REDE FERROVIARIA NACIONAL 4% 16/03/15 EUR
 4,530,000.    RESIDENTIAL CAPITAL 5.125% 17/05/12 EUR
   470,000.    ROMULUS FINANCE S.R.L. 4.94% 20/02/13 'A1' EUR
 1,940,000.    ROYAL AND SUN ALLIANCE 6.701% FIX-FLOATPERP GBP
   855,000.    RUSSIA (FED OF) 11% 24/07/18 USD
 3,000,000.    RUSSIA MINISTRY FINANCE 3% 14/05/08 USDSER 'V'
 1,088,000.    RWE FINANCE 5.125% EMTN 23/07/18 EUR
 1,500,000.    SAINT-GOBAIN SEDER BV 5% 25/04/14
 1,800,000.    SANTANDER CENTRAL HISPANO 5.75% EMTN 10/04/12 EUR
 1,200,000.    SANTANDER ISSUANCES 4.5% 30/09/19 EUR
   705,000.    SCANIA CV AB 6% 27/03/07 EMTN EUR
 8,000,000.    SELF-STORAGE SECURITISATION FRN SER 1 CLS A 01/10/14 EUR
 4,000,000.    SES GLOBAL SA 4% 15/03/11 EMTN EUR
   705,000.    SG CAPITAL TRUST 7.875% BDS PERP EUR
 1,725,000.    SG CAPITAL TRUST III 5.419% PERP VAR 29/11/49 EUR
 3,000,000.    SKANDINAVISKA ENSKILDA 5.471% PERP VAR 29/03/49 USD 'REGS'
 3,935,000.    SKANDINAVISKA ENSKILDA BANKEN 5.625% VAR EMTN 06/06/12 EUR
 1,500,000.    SLM STUDENT LOAN TRUST FRN 2002-7 CLS A5 15/09/21 EUR
 5,450,000.    SOCGEN GENERALE 4.196% VAR 26/01/15 PERP EUR
 1,145,000.    SOCIETE GENERAL 4.875% S/NTS 18/12/14 EUR
   800,000.    SOCIETY LLOYDS 6.875% VAR 17/11/25 GBP
 3,170,000.    STANDARD CHARTERED BANK 3.625% FIX TO FLOAT 03/02/17 EUR
 2,800,000.    SUEDZUCKER INTL FINANCE 5.25% VAR 30/06/15 PERP EUR
 5,000,000.    SVENSKA HANDELSBANKEN FRN 16/03/15 EMTNEUR
 2,440,000.   SYNGENTA LUXEMBOURG FINANCE 4.125% 22/04/15 EMTN EUR
 7,500,000.   TELECOM ITALIA FIN 7.75% 24/01/33 EMTN EUR
 2,095,000.   TELEFONICA EUROPE 8.25% 15/09/2030 USD
11,850,000.   TESCO PLC 3.875% 24/03/11 EUR
 4,600,000.   TEXTRON INC 3.875% SNR 11/03/13 EUR GLOBAL
 1,380,000.   THOMSON (EX-TMM) 5.75% VAR 25/09/15 PERP EUR
   600,000.   TRAV INS CO INSTIT FUND 4.5% 05/03/09 EMTN EUR
   680,000.   TRAV INS CO INSTIT FUND 5.65% 21/06/12 EMTN EUR
 2,500,000.   TRYG FORSIKRING 4.5% VAR 19/12/25 EUR
 1,160,000.   TYCO INTERNATIONAL 5.5% EMTN 19/11/08 EUR
 1,150,000.   TYCO INTERNATIONAL 6.5% EMTN 21/11/31 GBP
 1,750,000.   TYCO INTL GROUP 6.125% 04/04/07 EUR
 4,250,000.   UNICREDITO ITAL CAP TST 4.028% 27/10/15 FX TO FLT BND EUR
 1,300,000.   UNICREDITO ITALIANO SPA 4.5% VAR 22/09/19 EMTN EUR
 4,530,000.   UNITED MEXICAN STATES 5.375% 10/06/13 EUR
 2,665,000.   UNITED UTILITIES WATER 4.25% 24/01/20 EMTN EUR
 8,090,000.   VEOLIA ENVIRONNEME 4.3750% 11/12/20 EUR
 5,000,000.   VOLKSWAGEN FIN SERV AG FRN 19/01/07 EMTN EUR
 5,750,000.   WENDEL INVESTISSEMENT 4.375% 09/08/17 EUR
 3,550,000.   WESTFIELD FINANCIAL INC 3.625% 27/06/12 EUR
   900,000.   ZURICH FINANCE 4.5% EMTN 17/09/14 EUR
Country of Issue Mkt Value       Mkt Val % Local Currency
EMU                11,393,516.99     2.96% EUR
EMU                25,901,453.53     6.72% EUR
GBR                 6,897,506.81     1.79% GBP
GBR                 7,172,812.72     1.86% GBP
GBR                 6,820,598.48     1.77% GBP
EMU               (6,976,533.20)   (1.81%) EUR
EMU               (7,260,165.10)   (1.88%) EUR
EMU               (6,829,223.80)   (1.77%) EUR
GBR              (11,260,079.04)   (2.92%) GBP
USA              (25,842,486.05)   (6.71%) USD
EMU                 8,274,523.96     2.15% EUR
GBR                     (417.71)   (0.00%) GBP
USA                    81,528.61     0.02% USD
NLD                 3,292,799.50     0.85% EUR
NLD                   523,603.55     0.14% EUR
NLD                 1,386,664.08     0.36% EUR
USA                   871,930.41     0.23% EUR
SWE                 1,647,401.19     0.43% EUR
NLD                 2,629,437.18     0.68% EUR
NLD                   787,189.96     0.20% EUR
GBR                 1,618,717.48     0.42% EUR
GBR                 1,172,762.45     0.30% EUR
CIJ                   363,781.37     0.09% EUR
ITA                 5,464,457.91     1.42% EUR
GBR                 3,305,112.04     0.86% EUR
FRA                 2,627,030.76     0.68% EUR
GBR                 3,171,903.36     0.82% EUR
ITA                 1,804,203.58     0.47% EUR
ITA                   836,073.56     0.22% EUR
ESP                 2,616,651.77     0.68% EUR
ESP                 1,076,449.53     0.28% EUR
USA                 1,089,303.90     0.28% EUR
FRA                 5,074,805.50     1.32% EUR
GBR                 1,896,062.53     0.49% EUR
GBR                 2,421,111.90     0.63% EUR
GBR                 2,319,441.44     0.60% EUR
DEU                 3,064,865.14     0.80% EUR
NLD                 5,564,713.70     1.44% EUR
DEU                 1,769,728.89     0.46% EUR
DEU                   943,106.06     0.24% EUR
CYM                   668,453.85     0.17% EUR
PRT                 1,941,010.99     0.50% EUR
CYM                 2,552,785.37     0.66% EUR
AUS                 3,875,474.48     1.01% EUR
NLD                   895,146.80     0.23% EUR
ESP                 2,896,730.09     0.75% EUR
NLD                 1,652,995.18     0.43% EUR
USA                   670,996.12     0.17% EUR
FRA                 1,204,144.75     0.31% EUR
GBR                   133,670.34     0.03% USD
ESP     3,700,245.14     0.96%   EUR
GBR       777,044.26     0.20%   EUR
GBR     3,480,500.25     0.90%   EUR
USA       736,313.92     0.19%   EUR
USA     2,254,505.21     0.58%   EUR
USA     2,688,313.88     0.70%   EUR
FRA     3,780,284.94     0.98%   EUR
GBR     1,944,534.18     0.50%   GBP
FRA     4,488,979.18     1.16%   EUR
FRA     1,737,815.51     0.45%   EUR
USA     1,310,683.80     0.34%   EUR
USA     5,302,416.32     1.38%   EUR
USA     5,226,176.64     1.36%   USD
GBR     2,766,658.68     0.72%   EUR
USA     1,685,846.55     0.44%   USD
USA       664,979.70     0.17%   EUR
NLD     3,267,985.14     0.85%   EUR
NLD     3,301,838.03     0.86%   EUR
NLD     4,538,803.92     1.18%   USD
NLD     2,308,934.16     0.60%   EUR
NLD     2,528,443.87     0.66%   EUR
LUX     1,503,654.08     0.39%   EUR
DEU       381,413.02     0.10%   EUR
ECC     9,574,835.81     2.48%   EUR
BMU       614,612.92     0.16%   EUR
BEL     2,011,798.53     0.52%   EUR
FRA     4,575,484.40     1.19%   EUR
IRL     1,901,483.31     0.49%   EUR
USA     3,228,010.00     0.84%   GBP
USA       529,461.88     0.14%   EUR
USA       942,756.29     0.24%   EUR
USA     1,154,728.32     0.30%   EUR
NLD     3,823,378.79     0.99%   EUR
IRL     3,917,058.42     1.02%   EUR
GBR   10,405,555.65      2.70%   EUR
GBR       691,955.76     0.18%   EUR
GBR       450,756.81     0.12%   EUR
GBR     3,466,317.93     0.90%   EUR
GBR     2,648,814.40     0.69%   EUR
GBR     2,245,441.95     0.58%   EUR
GBR     1,953,830.45     0.51%   EUR
GBR       627,039.27     0.16%   EUR
GBR     1,049,595.15     0.27%   EUR
GBR     1,761,696.40     0.46%   EUR
USA     2,337,958.29     0.61%   USD
GBR     2,364,519.51     0.61%   EUR
GBR     2,082,325.61     0.54%   EUR
NLD     3,731,555.46     0.97%   EUR
NLD       466,198.52     0.12%   EUR
NLD       300,267.16     0.08%   EUR
IRL     2,578,505.80     0.67%   EUR
GBR   (1,653,068.58)   (0.43%)   GBP
GBR      (900,692.52)    (0.23%)   GBP
USA    (4,714,748.31)    (1.22%)   USD
USA    (1,402,552.52)    (0.36%)   USD
GBR        905,288.79      0.23%   GBP
GBR      1,715,045.07      0.44%   GBP
USA      4,916,503.87      1.28%   USD
USA      1,461,314.79      0.38%   USD
ECC   (11,905,225.05)    (3.09%)   EUR
ECC    (4,879,581.83)    (1.27%)   EUR
ECC      4,785,298.29      1.24%   EUR
ECC     12,140,086.54      3.15%   EUR
ECC    (3,264,708.62)    (0.85%)   EUR
ECC    (4,537,467.70)    (1.18%)   EUR
ECC    (8,204,702.92)    (2.13%)   EUR
ECC      8,101,441.50      2.10%   EUR
ECC      3,418,376.58      0.89%   EUR
ECC      4,873,783.95      1.26%   EUR
ECC    (6,513,256.04)    (1.69%)   EUR
USA      (499,854.14)    (0.13%)   USD
USA    (1,162,880.68)    (0.30%)   USD
USA      (567,863.82)    (0.15%)   USD
USA      (909,097.08)    (0.24%)   USD
ECC      6,465,246.11      1.68%   EUR
USA        596,463.95      0.15%   USD
USA        921,717.65      0.24%   USD
USA      1,300,276.93      0.34%   USD
USA        540,657.39      0.14%   USD
ECC    (3,733,017.98)    (0.97%)   EUR
ECC    (4,078,079.31)    (1.06%)   EUR
ECC    (1,392,578.98)    (0.36%)   EUR
GBR    (1,962,578.96)    (0.51%)   GBP
GBR      (991,151.19)    (0.26%)   GBP
USA      (178,591.37)    (0.05%)   USD
USA      (805,814.47)    (0.21%)   USD
USA    (2,160,797.55)    (0.56%)   USD
USA      (298,448.70)    (0.08%)   USD
ECC      1,308,344.11      0.34%   EUR
ECC      4,078,911.99      1.06%   EUR
ECC      3,737,588.66      0.97%   EUR
GBR      1,006,484.28      0.26%   GBP
GBR      2,007,986.94      0.52%   GBP
USA        303,679.70      0.08%   USD
USA        816,141.95      0.21%   USD
USA        206,758.11      0.05%   USD
USA      2,280,472.67      0.59%   USD
ECC      (876,789.60)    (0.23%)   EUR
ECC    (6,636,477.88)    (1.72%)   EUR
ECC    (5,081,080.19)    (1.32%)   EUR
ECC    (5,633,341.07)    (1.46%)   EUR
ECC   (47,043,662.32)   (12.21%)   EUR
GBR      (982,226.94)    (0.25%)   GBP
GBR      (971,702.47)    (0.25%)   GBP
ECC     46,819,883.84   12.15%    EUR
ECC      5,104,243.07     1.32%   EUR
ECC      5,575,380.69     1.45%   EUR
ECC      6,630,922.88     1.72%   EUR
ECC        970,842.45     0.25%   EUR
GBR      1,002,868.63     0.26%   GBP
GBR      1,005,119.88     0.26%   GBP
ECC    (3,581,785.31)   (0.93%)   EUR
ECC    (4,094,072.89)   (1.06%)   EUR
ECC    (7,044,734.29)   (1.83%)   EUR
ECC      (349,559.56)   (0.09%)   EUR
GBR    (3,232,579.51)   (0.84%)   GBP
ECC      6,849,150.88     1.78%   EUR
ECC        302,630.87     0.08%   EUR
ECC      3,601,086.64     0.93%   EUR
ECC      4,091,986.99     1.06%   EUR
GBR      3,406,930.29     0.88%   GBP
ECC    (1,981,020.44)   (0.51%)   EUR
ECC   (28,057,139.50)   (7.28%)   EUR
ECC    (6,571,805.66)   (1.71%)   EUR
USA    (1,631,059.28)   (0.42%)   USD
ECC      6,477,196.49     1.68%   EUR
ECC     27,990,328.64     7.26%   EUR
ECC      2,077,768.58     0.54%   EUR
USA      1,694,230.76     0.44%   USD
ECC    (3,898,485.82)   (1.01%)   EUR
ECC   (23,698,427.56)   (6.15%)   EUR
USA      (465,823.59)   (0.12%)   USD
USA    (2,511,940.67)   (0.65%)   USD
ECC      3,750,409.86     0.97%   EUR
ECC     23,410,647.47     6.07%   EUR
USA        491,873.46     0.13%   USD
USA      2,546,375.66     0.66%   USD
ECC    (4,870,688.61)   (1.26%)   EUR
ECC    (3,222,031.77)   (0.84%)   EUR
ECC      (649,552.58)   (0.17%)   EUR
ECC    (1,867,177.56)   (0.48%)   EUR
ECC    (9,358,883.39)   (2.43%)   EUR
ECC    (3,963,474.02)   (1.03%)   EUR
USA    (2,470,678.15)   (0.64%)   USD
USA    (1,793,341.13)   (0.47%)   USD
USA    (1,068,939.23)   (0.28%)   USD
USA      (136,848.79)   (0.04%)   USD
ECC      9,193,551.76     2.39%   EUR
ECC      3,929,255.53     1.02%   EUR
ECC        698,912.33     0.18%   EUR
ECC      1,866,776.77     0.48%   EUR
ECC      5,211,369.56     1.35%   EUR
ECC      3,342,019.76     0.87%   EUR
USA      2,566,896.61     0.67%   USD
USA      1,965,300.66     0.51%   USD
USA        138,148.94     0.04%   USD
USA   1,088,189.26   0.28%   USD
GBR   1,849,624.68   0.48%   GBP
USA   1,611,937.46   0.42%   EUR
ISR   1,675,077.77   0.43%   EUR
NLD   4,992,490.81   1.30%   EUR
IRL   9,692,458.61   2.51%   EUR
GBR   3,174,749.84   0.82%   EUR
GBR     681,603.54   0.18%   EUR
GBR   3,742,795.48   0.97%   EUR
CYM   1,120,849.66   0.29%   EUR
USA   1,363,683.91   0.35%   EUR
ITA     431,924.20   0.11%   EUR
USA   3,018,896.58   0.78%   EUR
AUS     870,659.21   0.23%   EUR
GBR   2,451,119.56   0.64%   EUR
GBR   7,331,808.98   1.90%   EUR
GBR   2,471,915.30   0.64%   EUR
NLD   4,568,041.83   1.19%   EUR
GBR   1,635,284.47   0.42%   EUR
USA     212,155.48   0.06%   EUR
USA   2,113,790.25   0.55%   USD
GBR   2,748,358.49   0.71%   EUR
GBR   1,823,735.31   0.47%   EUR
USA   2,208,932.69   0.57%   USD
USA   1,931,908.12   0.50%   EUR
GBR   1,589,771.86   0.41%   EUR
USA   1,619,667.49   0.42%   USD
FRA   2,564,633.61   0.67%   EUR
PRT   6,820,495.01   1.77%   EUR
USA   3,114,491.54   0.81%   EUR
FRA     334,118.64   0.09%   EUR
GBR   1,964,144.97   0.51%   GBP
RUS     660,251.39   0.17%   USD
RUS   1,538,374.19   0.40%   USD
NLD     818,027.49   0.21%   EUR
NLD   1,060,101.38   0.28%   EUR
CYM   1,280,856.20   0.33%   EUR
ESP     851,620.49   0.22%   EUR
SWE     503,743.06   0.13%   EUR
NLD   5,598,253.56   1.45%   EUR
LUX   2,744,438.73   0.71%   EUR
USA     559,329.13   0.15%   EUR
USA   1,281,728.13   0.33%   EUR
SWE   1,534,818.69   0.40%   USD
SWE   2,780,611.72   0.72%   EUR
USA   1,047,610.18   0.27%   EUR
FRA   3,624,235.42   0.94%   EUR
FRA     832,419.32   0.22%   EUR
GBR     854,504.11   0.22%   GBP
GBR   2,133,968.43   0.55%   EUR
NLD   1,744,652.61   0.45%   EUR
SWE   3,461,030.94   0.90%   EUR
LUX     1,646,258.55     0.43%   EUR
LUX     6,315,428.36     1.64%   EUR
NLD     1,313,615.60     0.34%   USD
GBR     8,156,761.83     2.12%   EUR
USA     3,086,227.12     0.80%   EUR
FRA       822,597.33     0.21%   EUR
CIJ       425,568.47     0.11%   EUR
CIJ       505,824.64     0.13%   EUR
DNK     1,661,155.41     0.43%   EUR
LUX       852,499.95     0.22%   EUR
LUX     1,272,712.09     0.33%   GBP
LUX     1,249,497.96     0.32%   EUR
USA     2,755,559.20     0.71%   EUR
ITA       920,664.65     0.24%   EUR
MEX     3,228,220.66     0.84%   EUR
GBR     1,734,747.94     0.45%   EUR
FRA     5,242,547.09     1.36%   EUR
DEU     3,482,993.43     0.90%   EUR
FRA     3,876,352.58     1.01%   EUR
INC     2,341,056.14     0.61%   EUR
USA       637,752.68     0.17%   EUR
      385,411,889.19   100.00%
Security Type Name   Investment Classification Name   SEDOL
Currency Forward     Currency/Cash                    FAUDUSDL060728
Currency Forward     Currency/Cash                    FCADEURL060728
Currency Forward     Currency/Cash                    FCNYUSDL060728
Currency Forward     Currency/Cash                    FEURGBPL060728
Currency Forward     Currency/Cash                    FEURJPYL060728
Currency Forward     Currency/Cash                    FEURSEKL060728
Currency Forward     Currency/Cash                    FJPYUSDL060728
Currency Forward     Currency/Cash                    FKRWUSDL060728
Currency Forward     Currency/Cash                    FMYRUSDL060728
Currency Forward     Currency/Cash                    FNOKUSDL060728
Currency Forward     Currency/Cash                    FNZDUSDL060728
Currency Forward     Currency/Cash                    FPLNUSDL060728
Currency Forward     Currency/Cash                    FSEKUSDL060728
Currency Forward     Currency/Cash                    FSGDUSDL060728
Currency Forward     Currency/Cash                    FTWDUSDL060728
Currency Forward     Currency/Cash                    FUSDCADL060728
Currency Forward     Currency/Cash                    FUSDEURL060915
Currency Forward     Currency/Cash                    FUSDEURL060728
Currency Forward     Currency/Cash                    FUSDGBPL060728
Currency Forward     Currency/Cash                    FUSDMXNL060728
Currency Forward     Currency/Cash                    FZARUSDL060728
Currency             Currency/Cash                    DE_CSH_FUTEUR
Currency             Currency/Cash                    DE_CSH_FUTUSD
Currency             Currency/Cash                    DE_CSH_INCEUR
Currency             Currency/Cash                    DE_CSH_INCGBP
Currency             Currency/Cash                    DE_CSH_INCUSD
Currency             Currency/Cash                    DE_CSH_MAREUR
Currency             Currency/Cash                    DE_CSH_MARUSD
Currency Forward     Currency/Cash                    FCADUSDS060728
Currency Forward     Currency/Cash                    FEURCADS060728
Currency Forward     Currency/Cash                    FEURUSDS060915
Currency Forward     Currency/Cash                    FEURUSDS060728
Currency Forward     Currency/Cash                    FGBPEURS060728
Currency Forward     Currency/Cash                    FGBPUSDS060728
Currency Forward     Currency/Cash                    FJPYEURS060728
Currency Forward     Currency/Cash                    FMXNUSDS060728
Currency Forward     Currency/Cash                    FSEKEURS060728
Currency Forward     Currency/Cash                    FUSDAUDS060728
Currency Forward     Currency/Cash                    FUSDCNYS060728
Currency Forward     Currency/Cash                    FUSDJPYS060728
Currency Forward     Currency/Cash                    FUSDKRWS060728
Currency Forward     Currency/Cash                    FUSDMYRS060728
Currency Forward     Currency/Cash                    FUSDNOKS060728
Currency Forward     Currency/Cash                    FUSDNZDS060728
Currency Forward     Currency/Cash                    FUSDPLNS060728
Currency Forward     Currency/Cash                    FUSDSEKS060728
Currency Forward     Currency/Cash                    FUSDSGDS060728
Currency Forward     Currency/Cash                    FUSDTWDS060728
Currency Forward     Currency/Cash                    FUSDZARS060728
Currency             Currency/Cash                    TRADAUD
Currency                      Currency/Cash   TRADEUR
Currency                      Currency/Cash   TRADJPY
Currency                      Currency/Cash   TRADGBP
Currency                      Currency/Cash   TRADUSD
CORPORATE BOND                Debt            B16Q6X3
CORPORATE BOND WITH FACTOR    Debt            2BBT4M1
CORPORATE BOND                Debt                      2641786
CORPORATE BOND                Debt            B0NRW90
CORPORATE BOND                Debt                      2172361
CORPORATE BOND                Debt            B0Q4MC1
CORPORATE BOND                Debt                      2975593
CORPORATE BOND                Debt            2BJFCP0
CORPORATE BOND                Debt            B05R0Z0
CORPORATE BOND                Debt            B0LS1H6
CORPORATE BOND                Debt                      2972248
CORPORATE BOND                Debt                      2921693
CORPORATE BOND                Debt            B046J84
CORPORATE BOND                Debt                      2029092
CORPORATE BOND                Debt            B08N7N2
CORPORATE BOND                Debt                      2305758
CORPORATE BOND                Debt                      2284039
CORPORATE BOND                Debt            B17FFZ4
CORPORATE BOND                Debt                      2788166
CORPORATE BOND                Debt            B00H5R2
CORPORATE BOND WITH FACTOR    Debt            B0LPZG4
CORPORATE BOND                Debt            B15PW11
CORPORATE BOND                Debt                      3321377
CORPORATE BOND                Debt            B12JDS0
CORPORATE BOND                Debt                      2424181
GOVERNMENT BOND WITH FACTOR   Debt                      2519300
GOVERNMENT BOND WITH FACTOR   Debt            B06GDD5
CORPORATE BOND                Debt            B12W4S6
CORPORATE BOND                Debt                      2106605
CORPORATE BOND                Debt            B03PF51
CORPORATE BOND                Debt            2BD5XT7
CORPORATE BOND                Debt            B0MSZT5
CORPORATE BOND                Debt                      2063131
CORPORATE BOND                Debt            B01BJM6
CORPORATE BOND                Debt                      3363410
CORPORATE BOND                Debt            DB33775
CORPORATE BOND                Debt            B0393M6
CORPORATE BOND                Debt            B02W8H6
CORPORATE BOND WITH FACTOR    Debt            2BB2QS0
CORPORATE BOND                Debt            B0SK799
CORPORATE BOND                Debt            B0SQNN3
CORPORATE BOND                Debt            B07RBB1
CORPORATE BOND                Debt            B0F5LQ2
CORPORATE BOND                Debt                      7724303
CORPORATE BOND                Debt                      7418899
CORPORATE BOND                Debt            B07RXL5
CORPORATE BOND                Debt            B04H0V7
CORPORATE BOND                Debt            B00KVJ5
CORPORATE BOND               Debt   B0DW1F4
CORPORATE BOND WITH FACTOR   Debt   B10BF37
CORPORATE BOND               Debt   2BHJWF4
CORPORATE BOND               Debt   2BHJWG5
CORPORATE BOND               Debt   B0YYQM1
CORPORATE BOND               Debt   B063X69
GOVERNMENT BOND              Debt             5876381
CORPORATE BOND               Debt   B15S3K6
CORPORATE BOND               Debt             7618376
CORPORATE BOND               Debt             7349591
CORPORATE BOND               Debt             2873266
CORPORATE BOND               Debt             2536934
CORPORATE BOND               Debt   B10P9X7
GOVERNMENT BOND              Debt   B01NYY9
CORPORATE BOND               Debt   B1528T2
GOVERNMENT BOND              Debt   B0359X7
CORPORATE BOND               Debt             2147626
GOVERNMENT BOND              Debt   B0LGS46
GOVERNMENT BOND              Debt   B02Q1D5
GOVERNMENT BOND              Debt             7199127
GOVERNMENT BOND              Debt   B03QK71
GOVERNMENT BOND              Debt   B0964L7
GOVERNMENT BOND              Debt   B0S5YP9
GOVERNMENT BOND              Debt             5598759
GOVERNMENT BOND              Debt             7281466
GOVERNMENT BOND              Debt             4644910
GOVERNMENT BOND              Debt             7711275
GOVERNMENT BOND              Debt             7394665
GOVERNMENT BOND              Debt   B0V3QP4
CORPORATE BOND               Debt   B0B9G29
GOVERNMENT BOND              Debt             2176352
GOVERNMENT BOND              Debt             2145578
CORPORATE BOND               Debt             2226462
CORPORATE BOND               Debt   B0C3H05
CORPORATE BOND               Debt   B0LS1F4
CORPORATE BOND               Debt   B11Z5C7
CORPORATE BOND               Debt             3935779
CORPORATE BOND               Debt   B0LWD27
CORPORATE BOND               Debt             2956231
CORPORATE BOND WITH FACTOR   Debt   B0LN2V2
CORPORATE BOND               Debt   B0VTS89
CORPORATE BOND               Debt   B14L920
CORPORATE BOND WITH FACTOR   Debt   2BDNJC6
CORPORATE BOND               Debt   B01YSB7
CORPORATE BOND               Debt   B0R9582
CORPORATE BOND               Debt   B01KF92
CORPORATE BOND               Debt             2505224
CORPORATE BOND               Debt             2811415
CORPORATE BOND WITH FACTOR   Debt   B0WSBJ7
CORPORATE BOND               Debt   B138DC0
CORPORATE BOND               Debt             2340425
CORPORATE BOND               Debt             2216601
CORPORATE BOND               Debt   B0L2Q62
CORPORATE BOND               Debt   B06K070
CORPORATE BOND               Debt             2345389
CORPORATE BOND               Debt             2337256
CORPORATE BOND               Debt   B0Z4772
CORPORATE BOND               Debt             7086382
CORPORATE BOND               Debt   B0201F9
CORPORATE BOND               Debt   2BHQQ20
CORPORATE BOND WITH FACTOR   Debt   2BF5RQ0
CORPORATE BOND               Debt   B0PT8W9
CORPORATE BOND               Debt             2750660
CORPORATE BOND               Debt   B0LPZ42
CORPORATE BOND               Debt             2166502
CORPORATE BOND               Debt   B0CN7J4
CORPORATE BOND               Debt   B0D9RF7
CORPORATE BOND               Debt             2445869
CORPORATE BOND               Debt             5527214
CORPORATE BOND               Debt             2085340
CORPORATE BOND               Debt             2014656
CORPORATE BOND               Debt   B09MX85
CORPORATE BOND               Debt             2741040
CORPORATE BOND               Debt   B0LS154
CORPORATE BOND WITH FACTOR   Debt   B0LNQY3
CORPORATE BOND WITH FACTOR   Debt   2BG80W5
CORPORATE BOND WITH FACTOR   Debt   B0KRX45
CORPORATE BOND WITH FACTOR   Debt   2BF43Q9
CORPORATE BOND WITH FACTOR   Debt   B00P383
CORPORATE BOND WITH FACTOR   Debt   2BHNFG8
CORPORATE BOND WITH FACTOR   Debt   2BFV423
CORPORATE BOND WITH FACTOR   Debt   B0LMY57
CORPORATE BOND WITH FACTOR   Debt   B0WZH12
CORPORATE BOND               Debt   B0LMYB3
CORPORATE BOND               Debt   2BHQJP4
CORPORATE BOND WITH FACTOR   Debt   2BFSR36
CORPORATE BOND               Debt   B0JPZ55
CORPORATE BOND WITH FACTOR   Debt   2BH3QR6
CORPORATE BOND               Debt   B066001
CORPORATE BOND               Debt   B0B7Y63
CORPORATE BOND WITH FACTOR   Debt   B0VH1F1
CORPORATE BOND               Debt             2233161
CORPORATE BOND               Debt             2312606
CORPORATE BOND               Debt             2252423
CORPORATE BOND               Debt   B0NRRN9
CORPORATE BOND               Debt   B00MH48
CORPORATE BOND               Debt             2972516
CORPORATE BOND               Debt             2748449
CORPORATE BOND               Debt   B0C4S05
CORPORATE BOND               Debt             2838641
CORPORATE BOND               Debt   B0LMG73
CORPORATE BOND               Debt   B188LC1
CORPORATE BOND               Debt             7162903
GOVERNMENT BOND              Debt             5393631
GOVERNMENT BOND               Debt               5967887
GOVERNMENT BOND               Debt               4390741
CORPORATE BOND                Debt               2060444
CORPORATE BOND                Debt   2BB0DB6
CORPORATE BOND                Debt               2313427
CORPORATE BOND                Debt   B0BSGX7
CORPORATE BOND                Debt   B17N3D2
CORPORATE BOND                Debt   B0LR5G0
CORPORATE BOND                Debt               2423780
CORPORATE BOND                Debt   B0X7SZ8
CORPORATE BOND                Debt               2968849
CORPORATE BOND                Debt   B1275J9
CORPORATE BOND                Debt               2118398
CORPORATE BOND                Debt   B0QH4P7
CORPORATE BOND                Debt   B0YBXM1
CORPORATE BOND                Debt   B0B7VD9
CORPORATE BOND                Debt   B0X5JF9
CORPORATE BOND                Debt   B15F9M1
CORPORATE BOND                Debt               2358161
CORPORATE BOND                Debt   B156Y30
CORPORATE BOND                Debt   B156W36
CORPORATE BOND                Debt   B02F9H2
CORPORATE BOND WITH FACTOR    Debt   2BHPZ08
CORPORATE BOND                Debt   B0YYNQ4
CORPORATE BOND                Debt   B0WGTN1
CORPORATE BOND                Debt   B0J2G86
CORPORATE BOND                Debt               2066497
CORPORATE BOND                Debt               2272302
CORPORATE BOND                Debt               2736239
CORPORATE BOND                Debt               2736507
CORPORATE BOND                Debt   2BDWQ22
CORPORATE BOND                Debt   B07D0R8
CORPORATE BOND                Debt               7369414
CORPORATE BOND                Debt               4883489
CORPORATE BOND                Debt   B031JP7
CORPORATE BOND                Debt   B0XPLL9
CORPORATE BOND                Debt   B135C79
CORPORATE BOND                Debt   2BDY8J9
CORPORATE BOND                Debt   B06DSY2
CORPORATE BOND                Debt   B087S86
CORPORATE BOND                Debt   2BG8359
CORPORATE BOND                Debt   B08C0D0
CORPORATE BOND WITH FACTOR    Debt   2BFD895
CORPORATE BOND WITH FACTOR    Debt   2BBT2K5
DeAM Fixed Deposit            Debt   DB19679_20060703_1
DeAM Fixed Deposit            Debt   DB11479_20060703_1
CORPORATE BOND WITH FACTOR    Debt   B03NJB9
CORPORATE BOND WITH FACTOR    Debt   B0VX2X4
CORPORATE BOND WITH FACTOR    Debt   B0LMYK2
CORPORATE BOND WITH FACTOR    Debt   B0LN267
GOVERNMENT BOND WITH FACTOR   Debt   B0QB3F2
CORPORATE BOND WITH FACTOR    Debt               5227161
CORPORATE BOND WITH FACTOR   Debt   B11J4M2
CORPORATE BOND WITH FACTOR   Debt   2BHNSJ2
CORPORATE BOND WITH FACTOR   Debt   B0LMYY6
CORPORATE BOND WITH FACTOR   Debt   2BHVYZ4
CORPORATE BOND               Debt   2BJ2R89
CORPORATE BOND WITH FACTOR   Debt   2BJF1L9
CORPORATE BOND               Debt   2BJ2R67
CORPORATE BOND WITH FACTOR   Debt   B06CQN4
CORPORATE BOND               Debt             3955674
CORPORATE BOND               Debt             3955696
CORPORATE BOND               Debt   2BJ2R78
CORPORATE BOND WITH FACTOR   Debt   2BH5FV9
CORPORATE BOND WITH FACTOR   Debt   B0MTW64
CORPORATE BOND WITH FACTOR   Debt   2BBLZZ7
CORPORATE BOND WITH FACTOR   Debt   2BFWM22
CORPORATE BOND WITH FACTOR   Debt   2BHCWL9
CORPORATE BOND WITH FACTOR   Debt   2BHH7K8
CORPORATE BOND               Debt   2BJNHQ0
CORPORATE BOND               Debt   B01NQ54
CORPORATE BOND               Debt   2BBRMM1
CORPORATE BOND               Debt             2978354
CORPORATE BOND               Debt             2445643
CORPORATE BOND               Debt             4230933
CORPORATE BOND               Debt   2BD62J3
CORPORATE BOND               Debt             6418867
CORPORATE BOND WITH FACTOR   Debt   B068ZM4
GOVERNMENT BOND              Debt   B064GG3
GOVERNMENT BOND              Debt             7137989
CORPORATE BOND               Debt             7535237
CORPORATE BOND               Debt   B019NN9
CORPORATE BOND               Debt             2263856
CORPORATE BOND               Debt   2BFV5H5
CORPORATE BOND               Debt   B01F5K8
CORPORATE BOND               Debt   2BD9LL7
CORPORATE BOND               Debt   2BF2802
CORPORATE BOND               Debt   2BGKGL2
CORPORATE BOND WITH FACTOR   Debt   B0LMZN2
CORPORATE BOND               Debt   2BHFCF2
CORPORATE BOND               Debt   B06Y6N0
CORPORATE BOND               Debt   2BHBLY2
CORPORATE BOND               Debt   2BHBFV7
CORPORATE BOND               Debt   2BG8348
CORPORATE BOND WITH FACTOR   Debt   2BFHMP0
CORPORATE BOND               Debt   2BG7JL4
CORPORATE BOND               Debt   2BG79G9
CORPORATE BOND               Debt             2357652
CORPORATE BOND               Debt   B0MJH25
CORPORATE BOND               Debt   2BG1TB6
CORPORATE BOND               Debt   2BG23W8
CORPORATE BOND               Debt   2BF5YV4
CORPORATE BOND               Debt   B06Z1K5
CORPORATE BOND               Debt   B06Z1F0
CORPORATE BOND WITH FACTOR   Debt   B0P7D84
CORPORATE BOND               Debt   2BDHFL9
CORPORATE BOND               Debt   2BDNK89
CORPORATE BOND WITH FACTOR   Debt   2BD5Z68
CORPORATE BOND WITH FACTOR   Debt   2BBP010
CORPORATE BOND WITH FACTOR   Debt   B03SSL7
CORPORATE BOND WITH FACTOR   Debt   2BGSJV7
CORPORATE BOND               Debt   B128H29
GOVERNMENT BOND              Debt   B0BRPP9
CORPORATE BOND               Debt   B01ZVV1
CORPORATE BOND               Debt   B05G4V1
CORPORATE BOND               Debt   B010QF5
CORPORATE BOND               Debt             7553165
CORPORATE BOND               Debt   B0LMCZ3
CORPORATE BOND               Debt             2901060
CORPORATE BOND               Debt             2856148
CORPORATE BOND               Debt             7260799
CORPORATE BOND               Debt   B16NS49
CORPORATE BOND               Debt             7445712
CORPORATE BOND               Debt   2BHJC87
CORPORATE BOND               Debt   B0BNKN0
CORPORATE BOND               Debt   B0BNJD3
CORPORATE BOND               Debt   B169JW2
CORPORATE BOND               Debt   B169JT9
CORPORATE BOND WITH FACTOR   Debt   B11JWN9
CORPORATE BOND               Debt             2910390
CORPORATE BOND               Debt   B0W5P29
CORPORATE BOND               Debt   2BC4KL6
CORPORATE BOND               Debt   B01FKV4
CORPORATE BOND               Debt   2BHQ6Z3
CORPORATE BOND WITH FACTOR   Debt   B02QQX0
CORPORATE BOND               Debt   DB37740
CORPORATE BOND               Debt             3144187
CORPORATE BOND               Debt   B0NYNK9
CORPORATE BOND               Debt             2263027
CORPORATE BOND               Debt   B0BV0J0
CORPORATE BOND               Debt   B0XQ2H5
CORPORATE BOND WITH FACTOR   Debt   B0MDV36
CORPORATE BOND               Debt             3996600
CORPORATE BOND               Debt             3914445
CORPORATE BOND               Debt   B16TGW1
CORPORATE BOND               Debt   B0SNWL5
CORPORATE BOND               Debt   2BHZT28
CORPORATE BOND               Debt             3439117
CORPORATE BOND WITH FACTOR   Debt             5359291
CORPORATE BOND               Debt   B16VPY2
CORPORATE BOND               Debt   B16WSQ8
CORPORATE BOND               Debt   B058YQ2
CORPORATE BOND               Debt   B0V2413
CORPORATE BOND               Debt   B0BFSX2
CORPORATE BOND               Debt             2809368
CORPORATE BOND               Debt   B0LMZV0
CORPORATE BOND            Debt             3064746
CORPORATE BOND            Debt   B02Y9C4
CORPORATE BOND            Debt   B00H710
CORPORATE BOND            Debt   B0W5NH0
CORPORATE BOND            Debt   B0LWDB6
CORPORATE BOND            Debt   B0V0S60
CORPORATE BOND            Debt   2BDVPN3
CORPORATE BOND            Debt   B00FYQ8
CORPORATE BOND            Debt   B0QMH64
CORPORATE BOND            Debt             7794083
CORPORATE BOND            Debt             2592163
CORPORATE BOND            Debt   B00ZBH8
CORPORATE BOND            Debt   B17MCB0
CORPORATE BOND            Debt   B17MV02
CORPORATE BOND            Debt   B0LPYZ6
CORPORATE BOND            Debt   B1447T2
GOVERNMENT BOND           Debt             3407448
DeAM Interest Rate Swap   Debt   DB5828P
DeAM Interest Rate Swap   Debt   DB5828R
DeAM Interest Rate Swap   Debt   DB8825P
DeAM Interest Rate Swap   Debt   DB3782P
DeAM Interest Rate Swap   Debt   DB3782R
DeAM Interest Rate Swap   Debt   DB8825R
CORPORATE BOND            Debt   B01S585
CORPORATE BOND            Debt   B02WNS2
CORPORATE BOND            Debt   B0LWJR4
CORPORATE BOND            Debt   B16W7Q1
CORPORATE BOND            Debt             2651019
GOVERNMENT BOND           Debt             6424842
GOVERNMENT BOND           Debt             6743291
GOVERNMENT BOND           Debt   B0MHNN2
GOVERNMENT BOND           Debt   B073FY0
GOVERNMENT BOND           Debt   B06BRT4
CORPORATE BOND            Debt   2BHC9N0
CORPORATE BOND            Debt   B13Y652
CORPORATE BOND            Debt   B0MBNB2
CORPORATE BOND            Debt             2986959
CORPORATE BOND            Debt             2969370
CORPORATE BOND            Debt             2984124
CORPORATE BOND            Debt   B09WWB1
CORPORATE BOND            Debt   B114RX9
CORPORATE BOND            Debt   2BGMYD6
CORPORATE BOND            Debt   B0WGYK3
CORPORATE BOND            Debt   2BHP8D2
CORPORATE BOND            Debt   2BHZ1V1
CORPORATE BOND            Debt   B073K56
CORPORATE BOND            Debt             2549761
CORPORATE BOND            Debt   B08CHH3
CORPORATE BOND            Debt             2635819
CORPORATE BOND            Debt             2677327
CORPORATE BOND            Debt             2915726
CORPORATE BOND            Debt   B156V84
CORPORATE BOND               Debt   B0YTDC5
CORPORATE BOND               Debt   2BFKLZ2
CORPORATE BOND               Debt             5644652
CORPORATE BOND               Debt             2548810
CORPORATE BOND               Debt             2117083
CORPORATE BOND               Debt             3125018
CORPORATE BOND               Debt             2460323
CORPORATE BOND               Debt             3935489
CORPORATE BOND WITH FACTOR   Debt   B06ZZB4
CORPORATE BOND WITH FACTOR   Debt             2915867
CORPORATE BOND WITH FACTOR   Debt   2BFK282
CORPORATE BOND WITH FACTOR   Debt   2BFKL30
CORPORATE BOND WITH FACTOR   Debt   B0PGNS1
CORPORATE BOND WITH FACTOR   Debt   2BG5394
CORPORATE BOND               Debt             7339978
CORPORATE BOND               Debt             7772142
CORPORATE BOND               Debt   B0Z4Y59
CORPORATE BOND WITH FACTOR   Debt   B0DQSK0
CORPORATE BOND               Debt   B153Y31
CORPORATE BOND WITH FACTOR   Debt   2BH3SF8
CORPORATE BOND               Debt   B188LB0
CORPORATE BOND               Debt   B15JYZ1
CORPORATE BOND               Debt   B155YH1
CORPORATE BOND               Debt             2268107
GOVERNMENT BOND              Debt   B00L4V1
GOVERNMENT BOND              Debt   B014ZQ1
CORPORATE BOND               Debt             2720328
CORPORATE BOND               Debt             2603195
CORPORATE BOND               Debt             2811987
CORPORATE BOND               Debt   B071SP6
CORPORATE BOND               Debt   B0VG0L7
CORPORATE BOND               Debt             2822439
CORPORATE BOND               Debt             7753426
CORPORATE BOND WITH FACTOR   Debt   2BC3ZK7
CORPORATE BOND WITH FACTOR   Debt   2BCZXJ8
CORPORATE BOND               Debt   2BD5LK4
CORPORATE BOND               Debt             2956587
CORPORATE BOND WITH FACTOR   Debt             2607238
CORPORATE BOND               Debt             2223559
CORPORATE BOND               Debt             2216032
CORPORATE BOND               Debt   2BF1809
CORPORATE BOND               Debt   B114JZ5
CORPORATE BOND               Debt             7580066
CORPORATE BOND               Debt   B0Q2FP9
CORPORATE BOND               Debt             2020910
CORPORATE BOND               Debt             2025971
GOVERNMENT BOND              Debt             7622106
CORPORATE BOND               Debt   B00HQH9
CORPORATE BOND               Debt   B00GJK0
CORPORATE BOND               Debt   B06LNQ3
CORPORATE BOND               Debt   B06N1P4
CORPORATE BOND               Debt             2237981
CORPORATE BOND               Debt   B0GSGX2
CORPORATE BOND               Debt             2274160
CORPORATE BOND               Debt   B04MR33
CORPORATE BOND               Debt   B188MZ1
CORPORATE BOND               Debt   B188NN6
CORPORATE BOND               Debt   B188NP8
CORPORATE BOND               Debt   B020HQ2
CORPORATE BOND               Debt             2787334
CORPORATE BOND               Debt             3967001
CORPORATE BOND               Debt   B0XPKW3
CORPORATE BOND               Debt   B0XP7W2
CORPORATE BOND               Debt   B17MKN8
CORPORATE BOND               Debt             2956930
CORPORATE BOND               Debt             2272506
CORPORATE BOND               Debt   B0LPZ19
CORPORATE BOND               Debt             2260233
CORPORATE BOND WITH FACTOR   Debt   2BD67T8
CORPORATE BOND               Debt   B17MM43
CORPORATE BOND               Debt             2733058
CORPORATE BOND               Debt   B0V9XB7
CORPORATE BOND               Debt             2254270
CORPORATE BOND               Debt             2218726
CORPORATE BOND               Debt             3277782
CORPORATE BOND               Debt             3914478
CORPORATE BOND               Debt   B00FX49
CORPORATE BOND               Debt   B09MY26
CORPORATE BOND               Debt             2088792
CORPORATE BOND               Debt   B0366Y0
CORPORATE BOND               Debt   B0M4225
CORPORATE BOND               Debt   B17H077
CORPORATE BOND               Debt   B0T9RY0
CORPORATE BOND               Debt   B02H9P6
CORPORATE BOND               Debt   B02STP9
CORPORATE BOND               Debt   B054RR2
CORPORATE BOND               Debt             2822547
CORPORATE BOND               Debt             2812623
CORPORATE BOND               Debt             2805009
CORPORATE BOND               Debt             2853901
CORPORATE BOND               Debt             2729013
CORPORATE BOND               Debt   B0MSWG1
CORPORATE BOND               Debt             2167486
CORPORATE BOND               Debt   B02K342
CORPORATE BOND               Debt   B15DXF6
CORPORATE BOND               Debt   B0SN594
CORPORATE BOND               Debt   B06FYB7
CORPORATE BOND               Debt   B0T0KC2
CORPORATE BOND WITH FACTOR   Debt   B00HDQ7
CORPORATE BOND WITH FACTOR   Debt   B0SYG38
CORPORATE BOND               Debt   2BD4P54
CORPORATE BOND               Debt   B1528R0
CORPORATE BOND               Debt   B12Z1C8
CORPORATE BOND               Debt   2BC6XP7
CORPORATE BOND               Debt             3935758
CORPORATE BOND               Debt             2215716
CORPORATE BOND               Debt   B02H5W5
CORPORATE BOND               Debt   B0PSMY6
CORPORATE BOND               Debt             2337375
CORPORATE BOND               Debt             7547599
CORPORATE BOND               Debt   B01YXG7
CORPORATE BOND               Debt             2557894
CORPORATE BOND               Debt             2206130
CORPORATE BOND               Debt             2973199
CORPORATE BOND               Debt   B0NXB79
CORPORATE BOND               Debt             7091773
CORPORATE BOND               Debt   B1809B2
CORPORATE BOND               Debt   B0XWM84
CORPORATE BOND               Debt   B02SPY0
CORPORATE BOND               Debt   B157TB6
CORPORATE BOND               Debt   B06SZQ8
CORPORATE BOND               Debt   B07J430
CORPORATE BOND WITH FACTOR   Debt   2BHTRD7
CORPORATE BOND               Debt             2597696
CORPORATE BOND               Debt   B02H729
CORPORATE BOND               Debt   2BJP5R3
CORPORATE BOND               Debt   B03BM47
CORPORATE BOND               Debt             2006608
CORPORATE BOND               Debt   B0X6HR0
CORPORATE BOND               Debt             2963446
CORPORATE BOND               Debt             2042475
CORPORATE BOND               Debt             3171550
CORPORATE BOND               Debt             7684184
CORPORATE BOND               Debt   B00KKM1
CORPORATE BOND               Debt   B05L483
CORPORATE BOND               Debt             2921682
CORPORATE BOND               Debt   B16NJR9
GOVERNMENT BOND              Debt   B0WHCX5
CORPORATE BOND               Debt             7563874
CORPORATE BOND               Debt   B06YTH5
CORPORATE BOND               Debt   B17R3K1
CORPORATE BOND               Debt   B12V375
CORPORATE BOND               Debt   B0YQ832
CORPORATE BOND WITH FACTOR   Debt   2BHQJZ4
CORPORATE BOND WITH FACTOR   Debt   2BHQJX2
CORPORATE BOND               Debt   2BHWNY9
CORPORATE BOND               Debt   B12QZD0
CORPORATE BOND WITH FACTOR   Debt   B09WMR7
CORPORATE BOND               Debt   B0BPG05
CORPORATE BOND               Debt   B0FLMR8
CORPORATE BOND               Debt             2034018
CORPORATE BOND               Debt             2919193
CORPORATE BOND               Debt             2301121
CORPORATE BOND               Debt             2267256
CORPORATE BOND               Debt   B02J7K3
CORPORATE BOND               Debt   B0LNNZ3
CORPORATE BOND    Debt             7534654
CORPORATE BOND    Debt             4474021
CORPORATE BOND    Debt             4459040
CORPORATE BOND    Debt   B01HYF2
CORPORATE BOND    Debt             7268607
CORPORATE BOND    Debt             2642284
CORPORATE BOND    Debt   B05QG82
CORPORATE BOND    Debt   B0LN0Q3
CORPORATE BOND    Debt             3231960
CORPORATE BOND    Debt   B11KH71
CORPORATE BOND    Debt             5504444
CORPORATE BOND    Debt             2362452
CORPORATE BOND    Debt   B0WFWR3
CORPORATE BOND    Debt             2046240
CORPORATE BOND    Debt             2115634
CORPORATE BOND    Debt             7097674
CORPORATE BOND    Debt   2BCZCK2
CORPORATE BOND    Debt             2738741
CORPORATE BOND    Debt   2BJHSZ8
CORPORATE BOND    Debt             7388505
CORPORATE BOND    Debt   B0W5T38
CORPORATE BOND    Debt             2433701
CORPORATE BOND    Debt             2216128
CORPORATE BOND    Debt   B09DN11
CORPORATE BOND    Debt             2221478
CORPORATE BOND    Debt             7743148
CORPORATE BOND    Debt   B01WVT0
CORPORATE BOND    Debt             2085210
CORPORATE BOND    Debt             2813723
CORPORATE BOND    Debt             7249323
CORPORATE BOND    Debt             2742764
CORPORATE BOND    Debt   B01ZPS6
CORPORATE BOND    Debt   B09M9K9
GOVERNMENT BOND   Debt             0489308
GOVERNMENT BOND   Debt   B058DQ5
GOVERNMENT BOND   Debt             3328033
GOVERNMENT BOND   Debt             0999799
GOVERNMENT BOND   Debt             0893114
CORPORATE BOND    Debt   B0LWMP3
CORPORATE BOND    Debt             2207348
CORPORATE BOND    Debt             2372321
CORPORATE BOND    Debt   2BHY7R6
GOVERNMENT BOND   Debt             7603725
GOVERNMENT BOND   Debt   B10QS44
CORPORATE BOND    Debt   B05KVW3
CORPORATE BOND    Debt   B0LWD94
CORPORATE BOND    Debt             2375751
CORPORATE BOND    Debt             2667005
GOVERNMENT BOND   Debt   B04HWR7
GOVERNMENT BOND   Debt             2064673
GOVERNMENT BOND   Debt             2846547
GOVERNMENT BOND   Debt             2888163
GOVERNMENT BOND              Debt                   2924830
GOVERNMENT BOND              Debt         B0Z9PT5
CORPORATE BOND               Debt         B02NS35
CORPORATE BOND WITH FACTOR   Debt         2BBZML4
CORPORATE BOND               Debt                   7594711
CORPORATE BOND               Debt         B0SKJR1
CORPORATE BOND               Debt                   2800361
CORPORATE BOND               Debt                   2793290
CORPORATE BOND               Debt         B12JJ59
CORPORATE BOND               Debt         B12HP22
CORPORATE BOND               Debt         B071SR8
CORPORATE BOND               Debt                   2030771
CORPORATE BOND               Debt         B02NMY4
CORPORATE BOND               Debt         B0W59D8
CORPORATE BOND               Debt         B0XNTL9
CORPORATE BOND WITH FACTOR   Debt         2BH1GX6
CORPORATE BOND               Debt         2BFNB28
CORPORATE BOND               Debt         B0TB177
CORPORATE BOND WITH FACTOR   Debt         B10SX12
CORPORATE BOND WITH FACTOR   Debt         2BG19N8
CORPORATE BOND WITH FACTOR   Debt         2BFSKX7
CORPORATE BOND WITH FACTOR   Debt         2BDR6D8
CORPORATE BOND WITH FACTOR   Debt         2BHH010
CORPORATE BOND               Debt         B0MT060
CORPORATE BOND               Debt         B0LN0W9
CORPORATE BOND WITH FACTOR   Debt         B165038
CORPORATE BOND               Debt         B0LN0X0
CORPORATE BOND WITH FACTOR   Debt         2BJLJ68
CORPORATE BOND               Debt         2BJ18B6
CORPORATE BOND WITH FACTOR   Debt         B17N3L0
CORPORATE BOND               Debt         B0DCZR4
CORPORATE BOND               Debt                   2965710
CORPORATE BOND               Debt                   2744102
CORPORATE BOND               Debt                   2744146
CORPORATE BOND               Debt         B182K59
CORPORATE BOND               Debt         2BBS0K8
CORPORATE BOND               Debt         B0ZN1Q6
CORPORATE BOND               Debt                   2740898
CORPORATE BOND               Debt                   2563891
CORPORATE BOND               Debt         B11JR45
CORPORATE BOND               Debt         B13FL49
CORPORATE BOND               Debt         B04FHB0
CORPORATE BOND               Debt         B0T6224
Future                       Derivative             3921553
Future                       Derivative             5934433
Future                       Derivative             3923776
QUOTED EQUITY                Equity                 2025540
Warrant                      Equity       B0TMDP2
QUOTED EQUITY                Equity                 2291590
QUOTED EQUITY                Equity                 3948105
Warrant                      Equity       B06RY24
Warrant                      Equity       B032WT5
Quantity                   Security Description
        5,279,000.         BUY AUD:SELL USD 28/07/06
       10,170,000.         BUY CAD:SELL EUR 28/07/06
     127,740,000.          BUY CNY:SELL USD 28/07/06
       12,713,300.01       BUY EUR:SELL GBP 28/07/06
       11,076,607.65       BUY EUR:SELL JPY 28/07/06
       12,272,414.7        BUY EUR:SELL SEK 28/07/06
   7,868,893,000.          BUY JPY:SELL USD 28/07/06
 10,281,000,000.           BUY KRW:SELL USD 28/07/06
        9,170,000.         BUY MYR:SELL USD 28/07/06
        5,100,000.         BUY NOK:SELL USD 28/07/06
          170,000.         BUY NZD:SELL USD 28/07/06
        6,970,000.         BUY PLN:SELL USD 28/07/06
     264,620,000.          BUY SEK:SELL USD 28/07/06
        2,050,000.         BUY SGD:SELL USD 28/07/06
     102,000,000.          BUY TWD:SELL USD 28/07/06
       10,671,972.45       BUY USD:SELL CAD 28/07/06
        1,605,032.44       BUY USD:SELL EUR 15/09/06
       65,978,566.6        BUY USD:SELL EUR 28/07/06
        6,567,081.89       BUY USD:SELL GBP 28/07/06
        6,908,417.21       BUY USD:SELL MXN 28/07/06
       18,070,000.         BUY ZAR:SELL USD 28/07/06
       28,945,320.         Future exposure - Euro
     (41,712,468.75    )   Future exposure - United States Dollar
            6,683.71       Income - Euro
              342.66       Income - UK Pound Sterling
                2.62       Income - United States Dollar
          659,563.53       Margin - Euro
          914,504.84       Margin - United States Dollar
     (12,123,000.      )   SELL CAD:BUY USD 28/07/06
      (7,225,169.47    )   SELL EUR:BUY CAD 28/07/06
      (1,242,690.      )   SELL EUR:BUY USD 15/09/06
     (53,451,808.95    )   SELL EUR:BUY USD 28/07/06
      (8,679,579.5     )   SELL GBP:BUY EUR 28/07/06
      (3,736,000.      )   SELL GBP:BUY USD 28/07/06
 (1,594,000,000.       )   SELL JPY:BUY EUR 28/07/06
     (77,550,000.      )   SELL MXN:BUY USD 28/07/06
   (114,000,000.       )   SELL SEK:BUY EUR 28/07/06
      (3,930,585.03    )   SELL USD:BUY AUD 28/07/06
     (16,126,113.27    )   SELL USD:BUY CNY 28/07/06
     (69,414,734.22    )   SELL USD:BUY JPY 28/07/06
     (10,899,739.54    )   SELL USD:BUY KRW 28/07/06
      (2,538,057.02    )   SELL USD:BUY MYR 28/07/06
        (814,358.25    )   SELL USD:BUY NOK 28/07/06
        (107,457.      )   SELL USD:BUY NZD 28/07/06
      (2,232,686.27    )   SELL USD:BUY PLN 28/07/06
     (35,564,129.26    )   SELL USD:BUY SEK 28/07/06
      (1,293,049.07    )   SELL USD:BUY SGD 28/07/06
      (3,226,316.62    )   SELL USD:BUY TWD 28/07/06
      (2,912,965.68    )   SELL USD:BUY ZAR 28/07/06
            3,063.63       Trading Account - Australian Dollar
 2,160,601.7    Trading Account - Euro
29,795,498.     Trading Account - Japanese Yen
   144,914.95   Trading Account - UK Pound Sterling
 5,361,444.31   Trading Account - United States Dollar
   140,000.     AAC GROUP HOLDING CORP 12.75% 01/10/12 SNR 144A USD
   187,553.33   ADVANTA MTG LN TST 7.72% 25/03/15 SER 2000-2 CL A6 USD
 1,732,000.     AES CORPORATION 8.75% 15/05/13 USD
   315,000.     AFFINIA GROUP INC 9% 30/11/14 USD
   205,000.     ALAMOSA DELAWARE 11% 31/07/10 USD
   230,000.     ALEXANDRIA LA 6.58% MUNI BOND 01/06/21 USD
 1,140,000.     ALLEGHENY ENERGY SUPPLY 8.25% STEP CPN 15/04/12 USD 144A
   160,000.     ALLIANCE ONE INTL INC 11% 15/05/12 USD
   900,000.     ALLIANZ FINANCE 4.375% FLOAT PERP EUR XW
   260,000.     ALLIED SECURITY ESCROW 11.375% 15/07/2011 USD
   210,000.     ALLIED WASTE INDUSTRIES 9.25% 01/05/21 USD
   598,000.     ALLIED WASTE NORTH AMERICA 9.25% 01/09/12 USD 'B'
   445,000.     AMC ENTERTAINMENT 8% 01/03/14 USD
 1,090,000.     AMER GENL 7.57% 01/12/45 144A USD
    85,000.     AMERCIAN GENERAL FINANCE 4.875% 15/05/10 USD
   227,000.     AMERICAN CELLULAR CORP 10% 01/08/11 'B' USD
   300,000.     AMERICAN COLOR GRAPHICS 10% 15/06/10 USD
 2,340,000.     AMERICAN EXPRESS FRN 16/06/11 MTN USD
    56,000.     AMERICAN GENERAL FINANCE 2.75% MTNH 15/06/08 USD
   633,000.     AMERICAN GENERAL FINANCE 4% 15/03/11 USD
   628,723.11   AMERICAN WEST AIRLINES 8.057% 02/07/2020 '00-G' USD
   405,000.     AMERIPRISE FINANCIAL INC 7.518% 01/06/66 USD
   475,000.     ANGLIAN WATER SERVICE FIN 4.625% 07/10/13 EMTN EUR
 1,095,000.     APPALACHIAN POWER CO 6.375% 01/04/36 USD
 1,230,000.     ARCO CHEMICAL COMPANY 9.8% 01/02/20 USD
   270,000.     ARGENTINA (REP OF) FRN 03/08/12 USD
   460,041.24   ARGENTINA (REPUBLIC OF) 7.82% 31/12/33 SER disEUR
   450,000.     ASHTON WOODS USA FINANCE 9.5% 01/10/15 USD
 1,446,000.     ASIF GLOBAL FIN XVIII 3.85% 26/11/07 USD 144A
   145,000.     ASSOCIATED MATERIALS INC 11.25% NTS 01/03/13 USD GLOBAL
   855,000.     ATLANTIC CITY N J 5% MUNI BOND 01/08/10 USD SER B
   850,000.     ATLANTIC CITY N J BDS B 4.5% 01/08/08 USD
   142,000.     AUBURN HILLS TRUST 12.375% 01/05/20 USD
   800,000.     AUTOSTRADE SPA 5% EMTN 09/06/14 EUR
 1,920,000.     AVIVA 5.7% PERP VAR 29/06/49-15 EUR
   245,000.     AVONDALE MILLS INC FRN 97.5% 01/07/12 USD
   620,000.     AZTAR CORP 7.875% 16/06/14 USD
 1,150,000.     BAA 4.5% EMTN 30/09/14 EUR
 1,027,625.13   BANC AMER COM 7.109% 15/11/31 USD
 2,365,000.     BANC OF AMERICA COMM MORTGAGE 5.115% 10/10/45 2005-5 A4
 1,435,000.     BANC OF AMERICA MTG SEC 5.5% 25/04/33 SER 2003-2 CL 1A11 USD
 1,000,000.     BANCA POPOLARE ITALIANA 2.435% 18/04/08FRN EUR
   500,000.     BANCA POPOLARE ITALIANA FRN 30/07/07 EMTN
   800,000.     BANCO BILBAO VIZCAYA ARG 4.5% VAR 12/11/15 EUR
 1,300,000.     BANK NEDERLANDSE GEMEENTEN 4.625% EMTN 07/12/06 GBP
 1,100,000.     BANQUE FED CRED MUTUEL 4.471% VAR 28/10/49 PERP EUR
 1,210,000.     BARCLAYS BANK PLC 4.875% 15/12/14 PERP EMTN EUR
 1,310,000.     BAT HOLDINGS 4.375% 15/06/11 EMTN EUR
 1,030,000.      BAYER AG 5% VAR 29/07/2105 EUR
 3,881,998.31    BEAR STEARNS ADJ RATE MORTG TR 4.625 2006-1 1A1 25/11/35
 1,535,000.      BEAR STEARNS ADJ RT MG 4.567% 25/08/35 SER 2005-4 CL 2A2 USD
 1,030,000.      BEAR STEARNS ADJ RT MTG 4.45% 25/08/35 SER 2005-4 CL 2A3 USD
 1,665,000.      BEAVER COUNTY PA 5.55% MUNI BOND 15/12/25 USD
   765,000.      BELDEN & BLAKE 8.75% 15/07/12 USD GLOBAL
 6,000,000.      BELGIUM (KINGDOM OF) 5.75% 28/9/2010
   733,000.      BELO (A.H) CORP 6.75% 30/05/13 USD
   950,000.      BES FINANCE 5.58% VAR 02/07/49 EUR
 1,400,000.      BES FINANCE 6.625% PERP FRN EMTN 08/02/49 EUR
   665,000.      BIOVAIL CORP 7.875% 01/04/10 USD
   364,000.      BIRDS EYE FOODS INC 11.875% 01/11/08 USD
   185,000.      BON-TON DEPT STORES INC 10.25% 144A 15/03/14 USD
 4,430,000.      BONDS Y OBLIG DEL ESTADO 4.4% 31/01/15 EUR
   700,000.      BOUYGUES 4.5 % 24/05/13 EUR
   289,000.      BRAZIL (REP OF) 8.875% BDS 14/10/19 USD
   475,000.      BROWNING FERRIS IN 7.4% 15/09/35 USD
 3,360,000.      BUNDESOBLIGATION 2.5% '147' 08/10/10 EUR
   720,000.      BUNDESOBLIGATION 3.5% 09/10/09 EUR SER 145
42,250,000.      BUNDESOBLIGATION 4.5% 18/08/06 EUR '138'
   340,000.      BUNDESREPUB 4.5% 04/01/13 SER 03 EUR
 1,650,000.      BUNDESREPUBLIC DEUTSCHLAND 3.25% 04/07/15 EUR SER 05
   280,000.      BUNDESREPUBLIC DEUTSCHLAND 3.5% BDS 04/01/16 SER 05
   683,000.      BUNDESREPUBLIK DEUTSCHE 3 3/4% 4/1/09 EUR
 9,970,000.      BUNDESREPUBLIK DEUTSCHE 5% 04/01/12 EUR
 5,925,000.      BUNDESREPUBLIK DEUTSCHE 5.5% 04/01/31 '00'
   310,000.      BUNDESREPUBLIK DEUTSCHLAND 4.25% 04/01/14 EUR SER '0303'
   500,000.      BUNDESREPUBLIK DEUTSCHLAND 5% 04/07/12 SER 02 EUR
   540,000.      BUNDESSCHATZANWEISUNGEN 2.75% 14/12/07 EUR
    90,000.      CABLEVISION SYSTEMS CORP FRN 01/04/09 SER 'B' USD
 6,490,000.      CANADA (GOVT OF) 5% BDS 01/06/14 CAD
 6,100,000.      CANADA (GOVT OF) 5.75% BDS 01/06/29 CAD
   558,000.      CASCADES INC 7.25% 15/02/13 USD
   675,000.      CASE NEW HOLLAND 9.25% 01/08/11 USD GLOBAL
 1,198,000.      CC FUNDING TRUST I 6.9% 16/02/2007 USD
   897,000.      CCH I LLC 11% 01/10/15 USD
   270,000.      CCH II LLC/CCH II 10.25% 15/09/10 USD 144A (ASSD 06/06)
   555,000.      CELL C PTY LTD 11% 01/07/15 144A USD
 1,110,000.      CELULOSA ARAUCO 7.75% 13/09/11 USD
 1,047,422.56    CENDANT MTG CORP 5.5% 25/02/34 SER 2004-1 CL A3 USD
   115,000.      CENTENNIAL COMMUNICATION 10% SNR 01/01/13 USD
   240,000.      CENTEX CORP 6.5% 01/05/16 USD
 1,063,429.88    CENTEX HOME EQUITY 2002-A 'AF6' 25/01/32
   505,000.      CENVEO 7.875% 01/12/13 USD GLOBAL
   400,000.      CHAPARRAL ENERGY INC 8.5% 01/12/15 SER 144A USD
 1,035,000.      CHARTER COMMUNICATIONS HLDGS 10.25% 15/09/10 USD
    55,000.      CHARTER COMMUNICATIONS HLDGS 8.625% 01/04/09 USD
    15,000.      CHARTER COMMUNICATIONS HLDGS 9.625% NTS 15/11/09 USD
 1,347,984.163   CHASE MORTGAGE FINANCE CORP 5.283762% 2005-A1 3A1 25/12/35
   235,000.      CHEMTURA CORP 6.875% 01/06/16 SNR USD
   550,000.      CHESAPEAKE ENERGY 6.875% S/NTS 15/01/16 USD
    55,000.      CHESAPEAKE ENERGY 7.75% 15/01/15 USD
  200,000.      CHESAPEAKE ENERGY CORP 6.25% 15/01/18 USD
  600,000.      CHINATRUST COMM BANK HK 5.625% VAR PERP17/03/49 USD 144A
  665,000.      CINCINNATI BELL 7.25% 15/07/13 USD
  455,000.      CINCINNATI BELL 8.375% 15/01/14 USD
  783,000.      CISCO SYSTEMS INC 5.5% 22/02/16 USD
5,300,000.      CITI CRED CRD ISSNCE TST 5.375% 11/04/11 EUR
  600,000.      CITIGROUP 5% 02/08/19 EUR
2,355,000.      CITIGROUP COM MTG TST 4.83% 15/05/43 SER 2005-C3 CL AM USD
1,018,138.23    CITIGROUP MORTGAGE LOAN TRUST 6.75% 25/08/34 2004-NCM2 1CB2
1,265,000.      CLAY COUNTRY MO PUB BLDG AUTH LEASEHOLD 6.25% 15/07/25 USD
1,050,000.      CMS ENERGY 8.5% 15/04/11 USD
  550,000.      COLLINS & AIKMAN FLOORCOVERINGS 9.75% 15/02/2010 'B' USD
  413,000.      COMCAST CABLE COMM HLDGS 9.455% 15/11/22 USD GLOBAL
  530,000.      COMPRESSION POLYMERS HLD 10.5% S/NTS 01/07/13 USD 144A
  145,000.      COMPRESSION POLYMERS HLD FRN 01/07/12 144A USD
  285,000.      CONGOLEUM CORP 8.625% 01/08/08 USD
  775,000.      CONPROCA SA 12% 16/06/2010 USD REGS
   70,000.      CONSTAR INTERNATIONAL 11% 01/12/12 USD
  610,000.      CONSTELLATION ENERGY GROUP 7.6% 01/04/2032 USD
1,280,000.      CONSUMERS ENERGY 4% 15/05/10 USD
1,074,000.      CONTL CABLEVISION 9% 01/09/08 USD
  205,000.      COOPER STANDARD AUTO 8.375% 15/12/2014 USD
1,253,080.02    COUNTRYWIDE ALT LN 5.25% 25/12/33 SER 2003-21T1 A2 USD
1,224,982.56    COUNTRYWIDE ALT LN TST 5.5% SER 2004-14T2 CL A6 25/08/34 USD
2,154,793.15    COUNTRYWIDE ALT LOAN TRUST 2005-43 '4A3' 25/10/35
  768,044.21    COUNTRYWIDE ALTERNATIVE LOAN 7% 25/09/34 2004-J8 1A1
  173,554.43    COUNTRYWIDE ALTERNATIVE LOAN TRUST 6% 25/02/34 2004-J1 1A1
  796,191.417   COUNTRYWIDE ALTERNATIVE LOAN TRUST 6% 25/02/35 2004-35T2 A1
  257,771.72    COUNTRYWIDE ALTERNATIVE LOAN TRUST 6% 25/12/33 2004-J2 7A1
1,374,457.2     COUNTRYWIDE HM LN 5.25% 25/07/33 SER 2003-J5 CL 1A4 USD
1,345,170.48    COUNTRYWIDE HOME LOANS 2006-HYB1 CL 2A120/01/36 USD
1,355,000.      COUNTRYWIDE HOME LOANS 5.25% 25/10/34 SER 2004-19 CL A2 USD
1,710,000.      COUNTYRWIDE ASSET BKD SERT 4.367% 25/11/35 SER 2005-7 CL AF2
  446,237.74    CREDIT BASED AST SER SEC 4.632% 25/05/35 SER 2004-CB4 CL A3
1,100,000.      CREDIT SUISSE GROUP 3.625% 14/09/2020 EUR
1,078,424.38    CREDIT-BASED ASSET SERV & SECS 2005-CB8AF1B 25/12/35
  135,000.      CROWN CORK & SEAL CO INC 7.5% 15/12/96 USD
  110,000.      CRYSTAL US HLDGS/US SUB3 10% 01/10/14 USD SER 'A'
1,141,629.595   CS FIRST BOSTON MORTGAGE 5.5% 25/08/34 2004-4 1A11 USD
  500,000.      CSC HOLDINGS 7.875% 15/12/07 USD
  160,000.      CSC HOLDINGS INC 7.25% 15/07/08 USD
  406,000.      DAIMLER CHRYSLER 4.75% 15/01/08 USD
  655,000.      DAIMLERCHRYSLER NA HLDGS 4.78% 31/10/08SER MTNE USD
  100,000.      DAYTON SUPERIOR 10 .75% 15/09/08 USD
  290,000.      DAYTON SUPERIOR 13% 15/06/09 USD
1,055,000.      DBS CAPITAL FUNDING CORP 7.657% PERP USD 144A
  185,000.      DEL LABORATORIES 8% 01/02/12 USD
  815,000.      DELHAIZE AMERICA 9% 15/04/31 USD GLOBAL
  430,000.      DELTA PETROLEUM 7% 01/04/15 USD GLOBAL
1,380,000.      DEUTSCHE MTGE SECS 5.031336% 2005-WF1 13A 26/06/35 USD
  410,000.      DEUTSCHE TELEKOM INT FINANCE 7.125% 11/07/11 EUR
1,140,000.      DEUTSCHLAND (REP OF) 5.25% 04/01/08
   720,000.      DEUTSCHLAND (REP OF) 5.25% 04/07/10
 1,945,000.      DEUTSCHLAND (REP OF) 6.25% 04/01/24
 1,629,000.      DEX MEDIA EAST LLC/FIN 12.125% 15/11/12 USD GLOBAL
 1,515,000.      DLJ MTG ACCEPT CORP 6.84% 15/10/30 SER 1997-CF2 CL A2 USD
   210,000.      DOBSON COMMUNICATIONS 8.875% 01/10/13 USD
   270,000.      DOMINION RESOURCES 5.95% 15/06/2035 USDSER 'B'
 1,535,000.      DOMINION RESOURCES INC 7.5% 30/06/66 USD
   630,000.      DORAL FINANCIAL CORP 4.45% 20/07/2007 USD
   670,000.      DRESDNER FUNDING TRUST I 8.151% 30/06/31 144A USD
   285,000.      DRS TECHNOLOGIES 7.625% 01/02/18 USD
   370,000.      DURA OPERATING CORP 8.625% 15/04/12 USD
   370,000.      DYNEGY HOLDINGS 8.375% 01/05/16 USD '144A'
   475,000.      DYNEGY HOLDINGS INC 7.625% 15/10/2026 USD
   120,000.      E TRADE FINANCIAL CORP 7.875% 01/12/15 USD
   140,000.      E*TRADE FINANCIAL CORP 7.375% 15/09/13 USD
    55,000.      ECHOSTAR DBS 6.625% 01/10/14 USD GLOBAL
   165,000.      ECHOSTAR DBS CORP 7.125% S/NTS 01/02/16USD 144A
   145,000.      EDUCATION MANAGEMENT LLC 8.75% 01/06/14144A USD
   315,000.      EL PASO PRODUCTION HLDG 7.75% 01/06/13 USD
   535,000.      EMBARQ CORP 6.738% 01/06/13 USD
   669,000.      EMBARQ CORP 7.995% 01/06/36 USD
    77,000.      EMBRATEL 11% 15/12/08 USD B
   366,527.69    ENCORE CREDIT RECEIVABLES TRUST 4.949% 25/10/35 2005-3 N
   245,000.      ENTERGY LOUISIANA LLC 6.3% 01/09/35 USD
   350,000.      ENTERGY MISSISSIPPI 5.92% 01/02/16 USD
   295,000.      ENTERPRISE PRODUCTS OPER 5% 01/03/15 USD GLOBAL B
   837,000.      ENTERPRISE PRODUCTS OPER 6.375 01/02/13 'B' USD
   340,000.      EQUISTAR CHEMICAL/FUNDING 10.625% S/NTS 01/05/11 USD GLOBAL
 1,181,000.      ERAC USA FINANCE COMPANY 8% 15/01/11 USD
   124,000.      ERP OPERATING LP 6.95% 02/03/11 USD
   795,000.      ESSEX CNTY N J 4.75% MUNI BOND 01/04/23
   265,000.      ETRADE FINANCIAL CORP 8% SNR 15/06/11 USD
 1,600,000.      EUROPEAN INVESTMENT BANK 5.375% 15/10/12 EUR SER INTL
 2,000,000.      EUROPEAN INVESTMENT BANK 5.5% 07/12/11 GBP
   270,000.      EWE AG 4.875% 14/10/19 EUR
   480,000.      EXOPAC HLDGS CORP 11.25% 144A 01/02/14 USD
 1,665,000.      FANNIE MAE 4.5% 25/08/33 SER 2005-94 CLYD USD
 1,545,000.      FANNIE MAE 4.717% 25/08/12 SER 2002-M2 CL C USD
 2,358,000.      FANNIE MAE 5% 2005-14 CLS ME 25/10/33 USD
   420,000.      FANNIE MAE 5% 2005-44 CLS PE 25/07/33 USD
   260,000.      FANNIE MAE 5% 25/08/33 SER 2005-29 CL QD USD
 1,210,000.      FANNIE MAE 5% SER 2005-15 CLS EC 25/10/33 USD
   125,453.15    FANNIEMAE WHOLE LOAN 4.49% 25/11/43 2004-W1 1A3
   472,244.91    FANNIEMAE-ACRES FRN SER 1998-M1 CL A2 25/01/08
 1,790,000.      FD DEXIA BANQUE IN (MM 03/07/2006)
14,500,000.      FD RABOBANK LDN. (MM 03/07/2006)
   821,349.614   FED NATL MORTGAGE ASSOC POOL 5% 01/09/23 USD (254908)
 1,347,923.234   FEDERAL HOME LOAN MTGE 6% 01/12/25 USD(C90940)
 1,183,045.52    FGHO 6% '1237' 01/08/35 USD
 1,186,855.76    FGLMC 5% 'A45807' 01/04/35 USD
 1,285,318.23    FGTW 5.5% 'D96325' 01/10/23 USD
   452,850.87    FIN FOR RES SOC HOUSING 1 CLASS 11.126%05/10/97-58 GBP 'A1'
2,422,646.92    FNCI 15YR CONV LOAN POOL 4.5% 01/07/18 USD (712057)
  488,760.69    FNCL 5% 01/10/33 POOL 741897 USD
1,701,075.61    FNCL 5.5% 01/03/33 USD
  371,487.331   FNCL 725456 5% 30YR POOL 01/05/34 USD
  820,000.      FNCL FNMA 30YR CONV LOAN POOL 6.5% 01/06/36 USD(872953)
1,911,282.038   FNCL FNMA 4.5% 01/10/33 USD 725419
  760,000.      FNCL FNMA 6.5% 01/06/36 USD (872832)
  418,216.665   FNCL FNMA CONV 30YR POOL 5% 01/02/34 (725231)
  365,000.      FNCL FNMA CONV 30YR POOL 6.5% 01/06/36 (872852)
1,020,000.      FNCL FNMA CONV 30YR POOL 6.5% 01/06/36 (872891)
1,200,000.      FNCL FNMA CONV 30YR POOL 6.5% 01/06/36 USD (872915)
2,465,977.75    FNCT 20YR LOAN POOL 5.0% 01/10/25 USD (255894)
1,212,116.51    FNCT 5% '255810' 01/08/25 USD
  306,381.93    FNMA 10YR CONV POOL 7.27% 01/02/10 (382202)
  847,142.02    FNMA 15YR CONV POOL 7.13% 01/01/12 (73827)
1,197,267.6     FNMA 20YR CONV POOL 5% 01/03/25 (255667)
  357,200.18    FNMA 20YR CONV POOL 5% 01/07/25(255808)
1,494,996.32    FNMA 30YR CONV LOAN POOL (PASS-THRU) 6.5% 01/03/36 USD
  915,000.      FNMA CONV 30YR 6.5% JUL06
   45,000.      FOOD LION INC 8.05% 15/04/27 USD
  245,000.      FOOT LOCKER INC 8.5% 15/01/22 USD
  125,000.      FORD MOTOR COMPANY 7.45% 16/07/31 USD
2,440,000.      FORD MOTOR CREDIT 7.375% 28/10/09 USD
  575,000.      FORD MOTOR CREDIT 7.875% 15/06/2010 USD
1,185,000.      FORD MOTOR CREDIT CO 7.25% 25/10/11 USD
  893,357.2     FPL ENERGY NATL WIND 5.608% (SINKS) 10/03/24 144A
7,645,000.      FRANCE (GOVT OF) 3.5% 25/04/15 EUR
8,130,000.      FRANCE (GOVT OF) 5.75% OAT 25/10/32
  835,000.      FRANCE TELECOM 8.125% EMTN 28/01/33 EUR
2,500,000.      FREDDIE MAC 3.75% BDS 15/07/09 EUR
  475,000.      FREDDIE MAC 5% 15/01/23 SER 2721 CL 'PE'
  830,000.      FREDDIE MAC 5% 15/01/33 SER 2780 CL TE USD
1,355,000.      FREDDIE MAC 5% 15/01/33 SER 2783 CL PD USD
1,135,000.      FREDDIE MAC 5% 15/02/32 SER 2640 CL BG USD
1,815,000.      FREDDIE MAC 5% 15/02/33 2840 OE
1,605,000.      FREDDIE MAC 5% 15/02/33 SER 2893 CL PD USD
1,088,052.46    FREDDIE MAC 5% 15/03/29 SER 2545 CL EW USD
1,295,000.      FREDDIE MAC 5% 15/04/33 SER 2827 CL TE USD
1,250,000.      FREDDIE MAC 5% 15/05/18 SER 2849 CLS AJ USD
  480,000.      FREDDIE MAC 5% 15/05/33 2898 PE
  990,000.      FREDDIE MAC 5% 15/05/33 SER 2889 CL OG USD
  635,000.      FREDDIE MAC 5% 15/05/33 SER 2941 CL XD USD
  224,373.14    FREDDIE MAC 5% 15/06/16 2526 CA
  285,000.      FREDDIE MAC 5% 15/07/33 SER 2869 CL BG USD
1,255,000.      FREDDIE MAC 5% 15/07/33 SER 2939 CL PD USD
  760,000.      FREDDIE MAC 5% 15/08/32 SER 2737 CL 'YD'
2,225,000.      FREDDIE MAC 5% 15/08/34 SER 2991 CL QE USD
1,505,000.      FREDDIE MAC 5% 15/09/33 SER 2915 CL KD USD
  915,000.      FREDDIE MAC 5% 15/09/33 SER 2921 CL NE USD
3,190,000.      FREDDIE MAC 5% 2802 CLS NE 15/02/33
1,210,000.      FREDDIE MAC 5% 2940 CLS ND 15/08/33 USD
1,205,000.      FREDDIE MAC 5% SER 2928 CLS NE 15/04/33USD
 1,905,054.69    FREDDIE MAC 5.5% 15/07/27 SER 2841 CL YA USD
   730,000.      FREDDIE MAC 5.5% 15/11/16 SER 2378 CL PE USD
   530,000.      FREDDIE MAC 5.5% 15/12/21 2533 PE
   786,449.52    FREDDIE MAC FRN SER 2059 CL C 15/05/28
   156,346.88    FREDDIE MAC FRN SER 2185 CL C 15/09/29
   303,673.13    FREDDIE MAC FRN SER 2543 CLS HG 15/09/28
   648,589.74    FREDDIE MAC FRN SER 2612 CL LJ 15/07/22
   900,000.      FRENCH LICK RESORTS & CA 10.75% 15/04/14 14AA USD
11,300,000.      FRENCH TREASURY NOTE 2.5% 12/07/10 EUR
   120,000.      FRIENDLY ICE CREAM 8.375% 15/06/12 USD
   570,000.      FRONTIER OIL 6.625% 01/10/11 USD GLOBAL
   200,000.      GAZ CAPITAL SA 8.625% 28/04/34 144A USD
   635,000.      GAZPROM OAO 9.625% LOAN PART NTS 01/03/13 144A
 1,600,000.      GE CAP COMM MORTGAGE CORP 4.94% 10/07/45 USD 2005-C3 'AAB'
   325,000.      GENERAL MOTORS 8.25% 15/07/23 USD
   275,000.      GENERAL MOTORS 8.375% NTS 15/07/33 USD
 1,326,000.      GENERAL MOTORS ACCEPT 8% 01/11/31 USD GLOBAL
 1,500,000.      GENERALI FINANCE BV 5.317% FIX-FLT PERP29/06/49-16 EUR
 2,520,000.      GENL MOTORS ACCEPT CORP 6.875% 15/09/11 USD
   696,000.      GEO SPECIALITY CHEM FRN 31/12/09 USD
 3,000,000.      GERMAN POSTAL PENSIONS 2.75% SEC 18/01/11 SER 1 EUR
 2,650,000.      GERMAN POSTAL PENSIONS 3.375% 18/01/16 SER 2 EUR
 1,550,000.      GERMAN POSTAL PENSIONS 3.75% 18/01/10 1EUR
 3,850,000.      GERMAN POSTAL PENSIONS 4.25% 18/01/17 SER '2' EUR
 3,147,338.552   GMAC MORTG CORP LOAN TRUST 5.75% 2006--J1 CL A1 25/04/36 USD
   314,000.      GOLDMAN SACHS GROUP INC 4.75% 15/07/13 USD
   935,000.      GOODYEAR TIRE AND RUBBER 11% 01/03/11 USD
   500,000.      GOVERNMENT NATIONAL MORTGAGE ASS 6% 20/06/18 2002-41 VK
   774,000.      GOVERNMENT NATL MORTGAGE ASSOC 5% 2004-30 CLS PD 20/02/33
   774,000.      GOVERNMENT NTL MTG ASS 5% 16/11/32 SER 2004-26 CL GD USD
   229,451.41    GOVT NATL MTGE ASSOC POOL 7% 20/08/34 USD (631556)
    65,000.      GPO IUSACELL 10% UNQ AAM STS 15/07/04 USD
 2,100,000.      GRANITE MORTGAGES 02-1 5.15% VAR 20/04/07 EUR 3A
    95,000.      GREGG APPLIANCES INC 9% 01/02/13 USD
   255,000.      GREIF INC 8.875% 01/08/12 USD
 2,425,000.      GS MORTGAGE SECS CORP II 4.761% 10/07/39 USD 2005-GG4 A4
 2,315,000.      GSR MORTAGE LOAN TRUST FRN 01/01/36 2006-AR1 2A4
 1,475,000.      GSR MTG LN TST 4.556% 25/09/35 SER 2005-AR6 CL 4A5 USD
   200,000.      H & E EQUIPMENT FINANCE 11.125% 15/06/12 USD (ASSD)
   105,000.      H&E EQUIPMENT FINA 12.5% 15/06/13 (ASSD06/06)
 1,700,000.      HAMMERSON PLC 4.875% 19/06/15 EUR
 1,433,000.      HARRAHS OPERATING CO INC 5.625% 01/06/15 USD
   170,000.      HARRY & DAVID OPERATIONS 9.41% 01/03/12FRN USD
 1,000,000.      HBOS 4.875% VAR PERP 29/03/49 EUR EMTN
   281,917.19    HEALTH MANAGEMENT 7.181% 30/09/27 GBP
   365,000.      HEALTHSOUTH CORP 10.75% SNR 15/06/16 144A USD
    55,000.      HEALTHSOUTH CORP FRN SNR 15/06/14 144A USD
       290.      HERCULES 6.5% CNV 30/06/29 USD 'UNIT'
   410,000.      HERTZ CORPORATION 8.875% 01/01/14 144A SNR USD
   225,000.      HEXCEL CORP 6.75% SNR NTS 01/02/15 USD
   439,000.      HIGHMARK INC 6.8% 15/08/13 USD
 1,700,000.      HOBOKEN N J REF TAXABLE 6.5% 01/04/2026 USD
     2,000,000.     HOLMES FINANCING FRN SER 4 CLS 2A 15/07/08 EUR
     1,700,000.     HSBC HOLDINGS FRN 22/09/14 EMTN EUR
       760,000.     HUNTSMAN LLC 11.625% 15/10/10 USD
       520,000.     IDLEAIRE TECH CORP 13% STEP CPN 15/12/12 SER UNIT
        75,000.     IESY REPOSITORY GMBH 10.375% 15/02/15 144A USD
       100,000.     ILFC E-CAPITAL TRUST 6.25% 21/12/65 USD144A
       890,000.     ILLINOIS ST 4.95% MUNI BOND 01/06/23
       935,000.     IMC GLOBAL INC 10.875% 01/08/13 USD
       800,000.     INDIANA BD BK 4.15% MUNI BOND 15/07/12 USD
       920,000.     ING BANK 4.625% EMTN 15/03/19 EUR
       170,000.     INSIGHT MIDWEST/INSIGHT CAP 9.75% 01/10/09 USD
       275,000.     INTELSAT 5.25% 01/11/08 USD
       220,000.     INTELSAT BERMUDA LTD 11.25% SNR 15/06/16 144A USD
       195,000.     INTERNATIONAL COAL GROUP 10.25% 15/07/14 144A USD
       160,000.     INTERNATIONAL STEEL GROUP 6.5% 15/04/2014 USD
       155,000.     IPAYMENT INC 9.75% 15/05/14 144A USD
     5,480,000.     IRELAND (REP OF) 4.5% 18/04/20 EUR
   (1,420,000.    ) IRS CGM PAY EUR 3.285% 05/04/2010
     1,420,000.     IRS CGM REC EUR 6M EIBOR 05/04/2010
     (500,000.    ) IRS DB PAY EUR 3.226% 25/09/2015
   (1,500,000.    ) IRS DB PAY EUR 3M EIBOR 09/09
     1,500,000.     IRS DB REC EUR 3.441% 09/09
       500,000.     IRS DB REC EUR 6M EIBOR 25/09/2015
       565,000.     ISLE OF CAPRI CASINOS 7% SNR 01/03/14 USD
       566,000.     ISPAT INLAND ULC 9.75% S/NTS 01/04/14 USD
       590,000.     ITV 5.375% EMTN 19/10/15 GBP
       420,000.     JACOBS ENTERTAINMENT 9.75% 15/06/14 144A SNR USD
       795,000.     JAFRA COSMETICS/DISTRIB 10.75% 15/05/11 USD
2,416,000,000.      JAPAN (GOVT OF) 1.4% 20/12/11 JPY '235'
  168,000,000.      JAPAN (GOVT OF) 2% 20/12/33 JPY '13'
4,195,000,000.      JAPAN (GOVT OF) 5YR ISSUE 0.80% 20/09/10 JPY SER 50
2,863,000,000.      JAPAN -269 (10 YEAR ISSUE) 1.3% 20/03/15 JPY SER '269'
1,067,000,000.      JAPAN- 74 (20 YEAR ISSUE) 2.1% 20/12/24 JPY SER '74'
       510,000.     JICARILLA N MEX NATION 3.85% MUNI BOND 01/12/2008 USD
     2,295,000.     JP MORGAN MTGE TRUST 5.773% 2006-A2 CL 2A4 25/04/36
       500,000.     K HOVNANIAN ENTERPRISES 6.25% 15/11/16 USD
       520,000.     K.HOVNANIAN ENTERPRISES 8.875% 01/04/12USD
       800,000.     KANSAS CITY SOUTHERN 9.5% 01/10/08 USD
       120,000.     KANSAS CITY SOUTHERN RAILWAY 7.5% 15/06/09 USD
       325,000.     KI HOLDINGS 9.875% STEP CPN 15/11/14 USD GLOBAL
       950,000.     KONINKLIJKE KPN NV 4.5% 18/03/13 EUR
       595,000.     L-3 COMMUNICATIONS CORP 5.875% 15/01/15 USD
       165,000.     L-3 COMMUNICATIONS CORP 6.375% 15/10/15USD 'B'
     2,403,000.     LB UBS COMM MTG 4.954% 15/09/30 2005-C5CLS A4
     2,405,000.     LB UBS COMM MTG 5.197% 15/11/30 2005-C7CLS A4
        20,000.     LEAR CORP 5.75% 01/08/14 'B' USD
       470,000.     LEAR CORP 8.11% 15/05/09 USD
       110,000.     LEVI STRAUSS & CO FRN 01/04/12 USD
        30,000.     LIBERTY MEDIA CORP 5.7% NTS 15/05/13 USD
       205,000.     LIBERTY MEDIA CORP 8.25% 01/02/30 USD
       295,000.     LIBERTY MEDIA CORP 8.5% DEBENTURES 15/07/29 USD
     1,190,000.     LINCOLN NATIONAL CORP 7% 17/05/66 USD
   175,000.     LINENS N THINGS FRN 15/02/14 USD '144A'
 1,725,000.     LOS ANGELES CALIF CMNTY REDEV 5.83% MUNI BOND 01/12/17 USD B
 1,485,000.     LUCENT TECHNOLOGIES 6.45% 15/03/29 USD
    95,000.     LYONDELL CHEMICALS 10.5% 01/06/13 USD GLOBAL
 1,010,000.     MANTIS REEF 4.692% 14/11/08 USD 144A
   280,000.     MARKS & SPENCER 6.25% 23/01/07 GBP
   400,000.     MASSEY ENERGY 6.625% 15/11/10 USD
   200,000.     MASSEY ENERGY CO 6.875% 15/12/13 144A (ASSD 06/06)
   647,516.49   MASTER ALTERNATIVE LN TRUST 6.5% 2004-5 CLS 3A1 25/06/34
   348,018.04   MASTER ASSET SECURIT TRUST 5.5% 2003-6 CLS 8A1 25/07/33 USD
   581,804.65   MASTR ALTERNATIVE LOANS TRUST 6.25% 25/04/34 2004-3 2A1
    84,677.18   MASTR ALTERNATIVE LOANS TRUST 7% 25/04/34 2004-3 8A1
         0.01   MASTR ASSET BCKD SEC TST 5.143% 25/11/35 SER 2005-AB1 CL A1B
 1,515,485.94   MASTR ASSET SECURITIZATION TRUST 5.5% 25/10/33 2003-9 2A7
 4,300,000.     MBNA 5.6% 2002-A2 CLS 1 17/07/14
   500,000.     MBNA CREDIT CARD MNT 4.5% 17/01/14 EUR '04A1'
    20,000.     MEDIACOM BROADBAND LLC/CRP 8.5% SNR 15/10/15 USD
   416,376.41   MERITAGE ASSET HOLDINGS 4.581% 25/05/352005-1 N1
 1,460,000.     MERRILL LYNCH 6.05% 16/05/16 USD
   739,629.25   MERRILL LYNCH MTG INV FR A/BKD 25/07/36 2005-NCB A1A
 1,615,000.     MERRILL LYNCH MTGE INV TRUST 5.595% 2006-RM1W 2AD 25/02/37
   650,000.     MERRILL LYNCH MTGE INVESTORS 4.566% 2005-A5 A2 25/06/35
   140,000.     METALDYNE CORP 10% 01/11/2013 USD
    30,000.     METALDYNE CORP 11% 15/06/2012 USD
12,650,000.     MEXICO (UNITED MEXICAN STATES) 8% 07/12/23 MXN 'M 20'
81,440,000.     MEXICO (UNITED MEXICAN STATES) 8% 19/12/13 MXN 'MI10'
   155,000.     MGM MIRAGE 8.375% 01/02/11 USD
   260,000.     MGM MIRAGE 9.75% BDS 01/06/07 US$ GBL
   225,000.     MILLENIUM AMERICA 9.25% 15/06/08 USD GLOBAL
    50,000.     MILLICOM INTL CELLULAR 10% S/NTS 01/12/13 USD
    15,000.     MIRANT NORTH AMERICA LLC 7.375% 31/12/13 144A USD
 1,450,000.     MISSION ENERGY HOLDING 13.5% 15/07/08 USD GLOBAL
 1,310,000.     MIZUHO FINANCE (CAYMAN) 8.375% PERP 27/04/49 USD
    93,777.16   MMCA AUTOMOBILE TRUST 4.3% 15/03/10 2002-2 A4
   169,875.85   MMCA AUTOMOBILE TRUST 5.37% 15/01/2010 SER 2002-1 CLSB USD
   123,000.     MOBIFON HOLDING BV 12.5% 31/07/10 USD
   759,000.     MOHAWK INDUSTRIES INC 7.2% 15/04/12 USDSER 'D'
 1,228,245.67   MORTGAGE CAPITAL FUNDING 6.337% 18/11/31 SER 1998-MC3 CL A2
   720,000.     MOTORS AND GEARS INC 10.75% 15/11/06 USD
   310,000.     MTR GAMING GROUP 9.75% 01/04/10 'B' USD
   795,000.     MUELLER HOLDINGS INC 14.75% STEP CPN 15/04/14 USD
 2,265,000.     MUFG CAPITAL FIN 1 LTD 6.346% SUB NTS 25/07/49-16 USD
   750,000.     MUNICH RE FINANCE BV 7.625% 21/06/28 GBP
   170,000.     NCL CORP 10.625% STEP CPN 15/07/14 USD GLOBAL
   734,000.     NEENAH CORP 11% 30/09/10 144A USD
   404,325.     NEENAH CORP 13% 30/09/13 144A USD
27,500,000.     NETHERLANDS (GOVT OF) 2.75% 15/01/09 EUR
 5,200,000.     NETWORK RAIL MTN FINANCE 3.125% EMTN 30/03/09 EUR
 1,730,000.     NETWORK RAIL MTN FINANCE 4.875% EMTN 06/03/09 GBP
   215,000.     NEW ASAT (FINANCE) 9.25% 01/02/11 USD
   462,000.     NEWMONT MINING CORP 5.875% 01/04/35 USD
   375,000.     NEWPARK RESOURCES 8.625% 15/12/07 'B' USD
1,285,000.      NEXTEL COMMUNICATIONS 7.375% 01/08/15 USD SER 'D'
  185,000.      NGC CORP CAPITAL TRUST 8.316 01/06/27 'B' USD
  465,000.      NORCRAFT HLDGS/CAPITAL 9.75% DISC 01/09/12 USD 'WI'
  565,000.      NORTEL NETWORKS FRN 15/07/11 144A USD
  280,000.      NORTEL NETWORKS LTD 10.125% 15/07/13 144A USD
  210,000.      NORTEL NETWORKS LTD 10.75% 15/07/16 144A USD
  395,000.      NORTH ATLANTIC TRADING 9.25% 01/03/12 USD
  640,000.      NORTHEAST UTILITIES 3.3% 'B' 01/06/08 USD
  475,000.      NOVELIS 7.25% 15/02/15 USD '144A' (ASSD)
  505,000.      NRG ENERGY 7.25% 01/02/14 USD
  975,000.      NRG ENERGY INC 7.375% 01/02/16 USD
3,020,000.      OIL INSURANCE LTD 7.558% FIX-FLT PERP 30/06/49-11 USD 144A
  100,000.      OM GROUP INC 9.25% 15/12/11 USD
  745,000.      OMNOVA SOLUTIONS INC 11.25% 01/06/10 USD
  500,000.      ONEAMERICA FINANCIAL PARTNERS 7% 15/10/2033 144A USD
  190,000.      OREGON STEEL MILLS 10% 15/07/09 USD
  569,353.67    OXFORD AUTO 12% 10
  265,000.      PANAMSAT CORP 9% 15/06/16 144A USD
  205,000.      PARK PLACE ENTERTAINMENT 8.875% 15/09/08 USD
  160,000.      PAXSON COMM 10.77688% 15/01/13 144A USD
       15.      PAXSON COMM 9.75% 31/12/06 SER 144A USD
        8.      PAXSON COMMUNICATIONS 9.75% CNV 31/12/06 PIK AI USD
1,500,000.      PEMEX PROJ FDG MASTER TRUST 6.625% 04/04/10 EUR 'REGS'
1,480,000.      PENNSAUKEN TWP NJ 6.25% MUNI BOND 07/06/07 USD
5,520,000.      PERMANENT FINANCE 3.9615% 10/03/11 '5A1' EUR
  705,000.      PINNACLE ENTERTAINMENT 8.75% 01/10/13 USD
  180,000.      PLAINS E&P CO 8.75% 01/07/2012 USD 'B'
  175,000.      PLAINS E&P COMPANY 7.125% 15/06/14 USD
        2.      PLIANT CORP 11.625% 15/06/09 USD
   85,000.      POKAGON GAMING AUTHORITY 10.375% SNR 15/06/14 144A USD
2,815,000.      POPULAR NORTH AMERICA 5.2% 12/12/07 USD
  505,000.      POSTER FINANCIAL GROUP 8.75% 01/12/11 USD
1,065,000.      PREMIER ENT BILOXI/FINANCE 10.75% 01/02/12 USD
  435,000.      PRIMEDIA FRN S/NTS 15/05/10 USD
  185,000.      PRIMEDIA INC 8.875% 15/5/11 USD
  675,000.      PROGRESS ENERGY INC 7% 30/10/31 USD
1,215,000.      PSEG ENERGY HOLDINGS 10% 01/10/09 USD
1,312,000.      PULTE HOMES INC 7.875% 01/08/11 USD
  420,000.      QWEST CORPORATION 7.25% 15/09/25 USD
1,475,000.      RAAC SERIES SP1 2A8 5.25% 25/09.34 USD
  125,000.      RADNOR HOLDINGS 11% 15/03/10 USD
   60,000.      RAINBOW NATL SRVCS LLC 10.375% 01/09/14USD '144A'
   85,000.      RANGE RESOURCES CORP 7.5% 15/05/16 USD
  700,000.      RBS CAPITAL TRUST 4.243% PERP FIX-FLT 12/49-16 EUR
1,850,000.      REFER REDE FERROVIARIA NACIONAL 4% 16/03/15 EUR
  770,000.      REINSURANCE GROUP OF AMERICA 6.75 VAR 15/12/65 USD
  447,494.08    RESIDENTIAL ACCREDIT LNS 5.75% 25/02/34 SER 2004-QS2 CL CB
1,218,319.015   RESIDENTIAL ACCREDIT LOANS 6% 2002-QS17CB1 25/11/32 USD
  865,000.      RESIDENTIAL ASST SEC CORP 4.71% 25/11/33 SER 2003-KS9 CL AI6
1,840,000.      RESIDENTIAL CAPITAL 5.125% 17/05/12 EUR
  705,000.      RESIDENTIAL CAPITAL 6.5% 17/04/13 USD
  820,000.      RESORT INT HOTEL/CASINO 11.5% 15/03/09 USD
   105,000.      REXNORD CORP 10.125% 15/12/12 USD (ASSD06)
   620,000.      RH DONNELLEY 10.875% 15/12/12 USD GLOBAL
   565,000.      RHODIA 8.875% 01/06/2011 USD
   470,000.      RIVERDALE COUNTRY SCHOOL 7.5% 01/06/17 USD
   110,000.      ROCKWOOD SPECIALITIES GRP 10.625 15/05/11 USD
 2,195,000.      ROMULUS FINANCE S.R.L. 4.94% 20/02/13 'A1' EUR
   830,000.      ROYAL & SUN ALLIANCE INS 8.5% VAR PERP GBP
 1,127,000.      ROYAL BANK OF SCOTLAND 9.118% PERP USD GLOBAL
   150,000.      RURAL CELL 9.875% 01/02/10 USD GLOBAL
    50,000.      RURAL CELLULAR 9.75% NTS 15/01/10 USD
    45,000.      RURAL CELLULAR CORP FRN 01/11/12 144A USD
   234,000.      RWE FINANCE 6.5% EMTN 20/04/21 GBP
   909,000.      SABMILLER PLC 6.2% 01/07/11 144A USD
   415,000.      SANMINA 8.125 % 01/03/16 USD GLOBAL
   900,000.      SANTANDER ISSUANCES 4.5% 30/09/19 EUR
   672,000.      SBC COMMUNICATIONS 6.8% 15/05/36 USD
   235,000.      SCOTTISH POWER 5.81% 15/03/25 USD
   250,000.      SECUNDA INTL LTD FRN 01/09/12 USD
 1,190,416.07    SECURITIZED ASSET BKD NIM TST 6% 25/01/36 USD
   185,000.      SHAW COMMUNICATIONS 8.25% 11/04/10 USD
   150,000.      SHIP FINANCE INTL 8.5% 15/12/2013 USD
   270,000.      SIERRA PACIFIC RESOURCES 6.75% 15/08/17USD GLOBAL
   155,000.      SIERRA PACIFIC RESOURCES 8.625% SNR 15/03/14 USD
   750,000.      SINCLAIR BROARDCAST GROUP 8.75% 15/12/11 USD GLOBAL
   400,000.      SIRIUS SATELLITE RADIO 9.625% SNR 01/08/13 USD EXC
    60,000.      SIX FLAGS 8.875% NTS 01/02/10 USD
   445,000.      SIX FLAGS INC 9.75% S/NTS 15/04/13 USD
 1,300,000.      SKANDINAVISKA ENSKILDA BANKEN 5.625% VAR EMTN 06/06/12 EUR
 1,500,000.      SLM STUDENT LOAN TST 03-10 5.15% 15/12/39 GBP REGS
 1,000,000.      SLM STUDENT LOAN TST 04-2 4.4% 25/04/14 REGS EUR
   950,000.      SOCGEN GENERALE 4.196% VAR 26/01/15 PERP EUR
   650,000.      SOUTHERN NATURAL GAS 8.875% NTS 15/03/10 USD
   710,000.      SOVEREIGN CAPITAL TRUST VI 7.908% 13/06/36 USD
10,380,000.      SPAIN (GOVT OF) 2.9% 31/10/08 EUR
   105,000.      STENA AB 9.625 01/12/12 USD
   830,000.      STONE ENERGY CORP 6.75% SNR 15/12/14 USD
   525,000.      STONE ENERGY CORP FRN 15/07/10 144A USD
   760,000.      STORA ENSO OYJ 7.25% 15/04/36 144A USD
   380,000.      STRATOS GLOBAL CORPORATION 9.875% 15/02/13 144A USD
 1,177,446.29    STRUCTURED ADJ RATE MORTGAGE LOAN FRN 2005-18 1A1 25/09/35
 1,036,299.158   STRUCTURED ADJ RATE MORTGAGE LOAN FRN 2005-18 9A1 25/09/35
 1,305,000.      STRUCTURED ADJ RATE MTG LN 5.4% 25/11/35 SER 2005-21 CL 6A3
 2,310,000.      STRUCTURED ADJ RATE MTGE LOAN 2006-3 3A2 5.75% 25/04/2036
   882,297.09    STRUCTURED ASSET SEC CORP 2005-6 '4A1' 25/05/35
   900,000.      SUEDZUCKER INTL FINANCE 5.25% VAR 30/06/15 PERP EUR
   460,000.      SUNGARD DATA SYSTEMS INC 10.25% S/NTS 15/08/15 USD 144A
   440,000.      SVENSKA HANDELSBANKEN 7.125% VAR PERP 07/03/49 144A USD
   105,000.      SWIFT & CO 10.125% 01/10/09 USD
    45,000.      SWIFT & CO 12.5% 01/01/10 USD
 1,569,000.      TCI COMMUNICATIONS 8.75% 01/08/15 USD
   430,000.      TCI COMMUNICATIONS INC 10.125% 15/04/22USD
 1,435,000.      TELECOM ITALIA CAPITAL 4.95% 30/09/14 USD
1,110,000.   TELECOM ITALIA FIN 7.75% 24/01/33 EMTN EUR
  535,000.   TELEFONICA EUROPE 8.25% 15/09/2030 USD
1,500,000.   TELEFONICA EUROPE BV 7.75% 15/09/10 USD
  758,000.   TELENET GROUP HOLDING 11.5% DISC 15/06/14 USD 144A
  500,000.   TELEREAL SECURITISATION 7.098% 10/12/33 GBP 'B2'
  495,000.   TEMBEC INDUSTRIES 8.625% 30/06/09 USD
  975,000.   TENET HEALTHCARE 9.25% NTS 01/02/15 USD 144A
2,695,000.   TERWIN MORTGAGE TRUST 4.8492% 25/08/36 SER 2005-14HE CL AF2
  275,000.   TESCO 5.5% EMTN 13/12/19 GBP
1,600,000.   TESCO PLC 3.875% 24/03/11 EUR
  798,000.   TFM SA DE CV 10.25% 15/06/07 USD
  327,000.   TFM SA DE CV 12.5% 15/06/12 USD
  370,000.   TFM SA DE CV 9.375% SNR 01/05/12 USD
  450,000.   THE BRICKMAN GROUP 11.75% 15/12/09 USD 'B'
  475,000.   TIG HOLDINGS INC 8.597% 15/01/27 USD 144A
1,450,000.   TIME WARNER INC 7.625% 15/04/31 USD
  218,000.   TIME WARNER INC 7.7% 01/05/2032 USD
  100,000.   TOYS R US 7.375% 15/10/18 USD
  220,000.   TRANSMERIDIAN EXPLORATION 12% 144A 15/12/10 USD
  800,000.   TRAV INS CO INSTIT FUND 5.65% 21/06/12 EMTN EUR
  240,000.   TRIAD ACQUISITION 11.125% 01/05/13 USD 'B'
  455,000.   TRIMAS CORP 9.875% 15/06/12 USD
  170,000.   TRITON PCS 8.5% 01/06/13 USD
1,010,000.   TRUMP ENTERTAINMENT RESORTS 8.5% 01/06/15 USD
  755,000.   TRW AUTOMOTIVE 11% S/NTS 15/02/13 USD
  130,000.   TRW AUTOMOTIVE 11.75% S/NTS 15/02/13 EUR
  272,000.   TXU AUSTRALIA SPI ELECTICITY & GAS 6.15% 15/11/13 USD
  368,000.   TXU ENERGY 7% 15/03/13 USD
  515,000.   TYCO INTERNATIONAL 6.375% EMTN 15/10/11 USD
  390,000.   TYCO INTERNATIONAL 6.5% EMTN 21/11/31 GBP
1,060,000.   TYCO INTL GROUP 6.75% 15/02/11 USD
  160,000.   UBIQUITEL OPERATING 9.875% 01/03/11 USD
  475,000.   UGS CORP 10% 01/06/12 USD GLOBAL
4,515,000.   UK TREASURY 4.25% 07/06/32
  180,000.   UK TREASURY 4.75% 07/03/20 GBP
  460,000.   UK TREASURY 4.75% 07/09/15 GBP
3,300,000.   UK TREASURY 8% 07/06/21
   70,000.   UK TREASURY 8.75% 25/08/17
  710,000.   UNICREDITO ITAL CAP TST 4.028% 27/10/15 FX TO FLT BND EUR
  850,000.   UNISYS CORPORATION 7.875% SNR NTS 01/04/08 USD
  715,000.   UNITED AUTO 9.625% 15/03/12 USD
  395,000.   UNITED DOMINION REALTY TRUST 3.9% 15/03/10 MTNE USD
  950,000.   UNITED MEXICAN STATES 5.375% 10/06/13 EUR
  288,000.   UNITED MEXICAN STATES 5.625% 15/01/17 USD
  375,000.   UNITED UTILITIES WATER 4.25% 24/01/20 EMTN EUR
  325,000.   UNITY MEDIA GMBH 8.75% 15/02/15 144A EUR
  665,000.   UNIVERSAL CITY DEVELOPMENT 11.75% 01/04/10 USD
  391,000.   US STEEL CORP 9.75% 15/05/10 USD
2,098,000.   US T-BILL 2.875% 30/11/06 USD
6,015,000.   US TREASURY 4% 15/11/2012 USD
1,575,000.   US TREASURY 4.875% NTS 15/02/12 USD
9,622,000.   US TREASURY 6% 15/02/26 USD
   125,000.         US TREASURY 7.25% 15/05/16
26,213,000.         US TREASURY BILL 4.5% 28/02/2011 USD
   340,000.         US UNWIRED 10% 15/06/12 USD SER B
   324,610.91       VANDERBLT MTG FIN 7.235% 07/06/28 SER 2001-A CL A4 USD
   400,000.         VEOLIA ENVIRONMENT 5.375% EMTN 28/05/18 EUR
 1,310,000.         VEOLIA ENVIRONNEME 4.3750% 11/12/20 EUR
 1,270,000.         VERIZON GLOBAL FUNDING CORP 7.75% 01/12/2030 USD
   192,000.         VERIZON NEW ENGLAND 6.5% 15/09/11 USD
   743,000.         VIACOM INC 5.75% 30/04/11 USD 144A
   681,000.         VIACOM INC 6.875% 30/04/36 144A USD
   915,000.         VISKASE COMPANIES INC 11.5% SEC 15/06/11 USD
   130,000.         VITROA S.A. DE CV 11.75% 01/11/13 144A USD
   950,000.         VOLKSWAGEN FIN SERVICE 5.5% EMTN 20/09/06 GBP
 1,550,000.         WACHOVIA BANK COMM MTG TRUST 5.261028% 15/12/44 05-C22 A4
 1,905,000.         WACHOVIA CAPITAL TRUST I 5.8% PERP 15/03/11 USD
 2,311,670.92       WACHOVIA MTG LOAN TST 5.1601% SER 2005-B CL 3A1 USD
 1,465,000.         WASHINGTON MUTUAL 3.85324% 25/06/34 2004-AR5 A6
 1,450,000.         WASHINGTON MUTUAL 5.132% 2005-AR16 CL 1A3 25/12/35
 2,303,113.43       WASHINGTON MUTUAL 5.334% 25/03/37 SER 2006-AR2 CL 1A1 USD
 1,630,332.31       WASHINGTON MUTUAL 5.5% 25/06/34 2004-S22A2
 2,049,494.71       WASHINGTON MUTUAL 6.5% 25/08/34 2004-CB2 4A
   137,849.01       WASHINGTON MUTUAL MSC MTGE 5.5% 25/05/33 2003-MS8 1A7
 1,746,825.62       WASHINTON MUTUAL 4.65037% 2005-AR3 CL A1 25/03/35
 1,185,000.         WAUWATOSA WIS 5.75% MUNI BOND 01/12/17 USD
 1,725,000.         WELLS FARGO HM EQ TST 3.45% 25/06/19 SER 2004-2 CL AI2 USD
 1,777,052.03       WELLS FARGO MBS 5.5% 25/03/2036 USD
 2,040,000.         WELLS FARGO MG BC SC 4.993236% 25/10/35 SER 2005-AR16 CL 4A2
 4,735,744.66       WELLS FARGO MTG BCKD SEC 5.095% 25/03/36 SER 2006-AR2 CL 2A5
 1,731,000.         WELLS FARGO MTGE BKD SECS 5.31393% 2005-AR13 A1 25/05/35 USD
 1,660,082.254      WELLS FARGO MTGE BKD SECS 5.75% 2006-6 1A3 25/05/36 USD
 2,050,000.         WENDEL INVESTISSEMENT 4.375% 09/08/17 EUR
    95,000.         WHEELING ISLAND GAMING 10.125% 15/12/09USD
 1,090,000.         WILLIAMS COS 8.125% NTS 15/03/12 USD
   485,000.         WILLIAMS COS 8.75% 15/03/32 USD
   390,000.         WINDSTREAM CORP 8.625% SNR 01/08/16 144A USD
   120,000.         WITCO CORP 6.875% 01/02/2026 USD
   185,000.         WOLVERINE TUBE INC 10.5% 01/04/09 USD
   935,000.         XCEL ENERGY INC 7% 01/12/10 USD
   165,000.         XEROX CAPITAL TRUST I 8% 01/02/27 USD
   330,000.         XEROX CORPORATION 6.4% 15/03/2016 USD
   755,000.         XM SATELLITE RADIO 9.75% 01/05/14 USD '144A'
 1,129,000.         YOUNG BROADCASTING INC 8.75% 15/01/2014USD
 1,370,000.         ZFS FINANCE USA TRUST I 6.15% 15/12/65 144A USD
       (12.     )   CBOT US LONG BOND SEP06 FUTURE (EXP 20/09/06)
     (251.      )   EUX EURO-BUND 10 YR FUTURE SEPT 06 (EXP07/09/06)
       410.         US 10YR NOTE SEP06 FUTURE EXP 20/09/06)
          1.        ACP HOLDINGS CO USD
         25.        DAYTON SUPERIOR C/WTS 15/06/09 (TO PUR COM)
          1.679     PAXSON COMMUNICATIONS 14/25 CNV PREF 15/11/06 USD
          0.94      TRANSMERIDIAN EXPL USD
         15.        TRAVELCENTERS OF AMERICA C/WRTS 01/05/09 (TO PUR COM)
       223.         TRAVELCENTERS OF AMERICA C/WTS 14/11/10 (TO PUR COM)
Country of Issue Mkt Value        Mkt Val % Local Currency
AUS                 2,119,593.51      0.44% AUD
CAN                 4,948,671.06      1.02% CAD
CHN                 8,666,930.39      1.78% CNY
EMU                 8,807,132.07      1.81% EUR
EMU                 7,673,314.28      1.58% EUR
EMU                 8,501,709.00      1.75% EUR
JPN                37,379,040.49      7.68% JPY
KOR                 5,864,694.42      1.21% KRW
MYS                 1,351,604.68      0.28% MYR
NOR                   444,072.94      0.09% NOK
NZL                     55,985.08     0.01% NZD
POL                 1,183,597.69      0.24% PLN
SWE                19,912,347.08      4.09% SEK
SGP                   701,848.78      0.14% SGD
TWN                 1,709,562.58      0.35% TWD
USA                 5,769,881.30      1.19% USD
USA                   867,772.73      0.18% USD
USA                35,671,802.88      7.33% USD
USA                 3,550,541.68      0.73% USD
USA                 3,735,087.16      0.77% USD
ZAF                 1,367,138.28      0.28% ZAR
EMU                20,010,050.14      4.11% EUR
USA              (22,552,156.55)    (4.64%) USD
EMU                      4,620.49     0.00% EUR
GBR                        342.65     0.00% GBP
USA                          1.42     0.00% USD
EMU                   455,959.69      0.09% EUR
USA                   494,433.85      0.10% USD
CAN               (5,898,991.07)    (1.21%) CAD
EMU               (5,005,232.45)    (1.03%) EUR
EMU                 (863,620.59)    (0.18%) EUR
EMU              (37,028,713.30)    (7.61%) EUR
GBR               (8,684,907.26)    (1.79%) GBP
GBR               (3,738,293.25)    (0.77%) GBP
JPN               (7,571,864.37)    (1.56%) JPY
MEX               (3,708,581.71)    (0.76%) MXN
SWE               (8,578,367.34)    (1.76%) SEK
USA               (2,125,100.04)    (0.44%) USD
USA               (8,718,703.11)    (1.79%) USD
USA              (37,529,592.46)    (7.71%) USD
USA               (5,893,025.27)    (1.21%) USD
USA               (1,372,219.41)    (0.28%) USD
USA                 (440,288.85)    (0.09%) USD
USA                   (58,097.43)   (0.01%) USD
USA               (1,207,118.44)    (0.25%) USD
USA              (19,228,011.06)    (3.95%) USD
USA                 (699,096.60)    (0.14%) USD
USA               (1,744,332.08)    (0.36%) USD
USA               (1,574,916.57)    (0.32%) USD
AUS                      1,230.61     0.00% AUD
EMU   1,493,635.18   0.31%   EUR
JPN     140,919.03   0.03%   JPY
GBR     144,911.03   0.03%   GBP
USA   2,898,704.75   0.60%   USD
USA      76,553.04   0.02%   USD
USA     102,684.98   0.02%   USD
USA   1,007,527.98   0.21%   USD
USA     156,256.76   0.03%   USD
USA     126,444.00   0.03%   USD
USA     130,583.76   0.03%   USD
USA     658,402.49   0.14%   USD
USA      83,369.38   0.02%   USD
NLD     587,203.35   0.12%   EUR
USA     143,682.53   0.03%   USD
USA     116,962.34   0.02%   USD
USA     352,597.69   0.07%   USD
USA     226,504.53   0.05%   USD
USA     657,617.26   0.14%   USD
USA      44,727.47   0.01%   USD
USA     134,252.15   0.03%   USD
USA     114,213.88   0.02%   USD
USA   1,269,977.07   0.26%   USD
USA      28,711.78   0.01%   USD
USA     320,410.28   0.07%   USD
USA     374,073.39   0.08%   USD
USA     222,228.06   0.05%   USD
GBR     341,720.01   0.07%   EUR
USA     576,834.98   0.12%   USD
USA     808,358.66   0.17%   USD
ARG     137,170.23   0.03%   USD
ARG     273,785.20   0.06%   EUR
USA     221,030.90   0.05%   USD
USA     766,389.47   0.16%   USD
USA      44,685.34   0.01%   USD
USA     461,663.22   0.09%   USD
USA     458,568.47   0.09%   USD
USA     110,084.14   0.02%   USD
ITA     560,442.07   0.12%   EUR
GBR   1,435,665.97   0.30%   EUR
USA     140,116.22   0.03%   USD
USA     355,581.95   0.07%   USD
GBR     803,433.98   0.17%   EUR
USA     565,682.57   0.12%   USD
USA   1,209,685.61   0.25%   USD
USA     770,421.80   0.16%   USD
ITA     693,905.69   0.14%   EUR
ITA     348,354.56   0.07%   EUR
ESP     574,090.90   0.12%   EUR
NLD   1,332,302.82   0.27%   GBP
FRA     744,284.69   0.15%   EUR
GBR     815,827.98   0.17%   EUR
NLD     899,947.89   0.18%   EUR
DEU      662,825.99   0.14%   EUR
USA    2,033,094.38   0.42%   USD
USA      796,469.64   0.16%   USD
USA      533,188.47   0.11%   USD
USA      829,018.50   0.17%   USD
USA      436,394.19   0.09%   USD
BEL    4,637,366.17   0.95%   EUR
USA      398,282.23   0.08%   USD
PRT      709,196.38   0.15%   EUR
CYM    1,066,806.84   0.22%   EUR
USA      371,031.15   0.08%   USD
USA      204,319.37   0.04%   USD
USA       95,016.38   0.02%   USD
ESP    3,191,817.35   0.66%   EUR
FRA      481,644.87   0.10%   EUR
BRA      177,185.33   0.04%   USD
USA      231,537.67   0.05%   USD
DEU    2,249,566.81   0.46%   EUR
DEU      506,781.22   0.10%   EUR
DEU   30,399,576.52   6.25%   EUR
DEU      247,623.76   0.05%   EUR
DEU    1,115,959.21   0.23%   EUR
DEU      189,289.25   0.04%   EUR
DEU      482,116.94   0.10%   EUR
DEU    7,425,754.22   1.53%   EUR
DEU    4,920,386.89   1.01%   EUR
DEU      222,171.64   0.05%   EUR
DEU      382,188.79   0.08%   EUR
DEU      374,842.00   0.08%   EUR
USA       52,748.97   0.01%   USD
CAN    3,257,793.50   0.67%   CAD
CAN    3,437,117.28   0.71%   CAD
CAN      287,262.45   0.06%   USD
USA      397,162.73   0.08%   USD
USA      656,900.74   0.14%   USD
USA      432,081.08   0.09%   USD
USA      149,976.69   0.03%   USD
ZAF      266,966.06   0.05%   USD
CHL      652,680.55   0.13%   USD
USA      564,819.76   0.12%   USD
USA       62,857.81   0.01%   USD
USA      127,598.69   0.03%   USD
USA      575,891.59   0.12%   USD
USA      263,160.19   0.05%   USD
USA      217,203.12   0.04%   USD
USA      576,309.58   0.12%   USD
USA       23,084.86   0.00%   USD
USA        6,220.52   0.00%   USD
USA      716,125.67   0.15%   USD
USA      123,891.37   0.03%   USD
USA      291,120.10   0.06%   USD
USA       30,866.75   0.01%   USD
USA     101,226.84   0.02%   USD
HKG     300,497.54   0.06%   USD
USA     364,293.58   0.07%   USD
USA     248,369.44   0.05%   USD
USA     415,521.95   0.09%   USD
USA   3,902,358.27   0.80%   EUR
USA     448,040.20   0.09%   EUR
USA   1,182,317.25   0.24%   USD
USA     556,553.52   0.11%   USD
USA     687,615.20   0.14%   USD
USA     600,450.77   0.12%   USD
USA     303,030.05   0.06%   USD
USA     280,710.43   0.06%   USD
USA     307,239.63   0.06%   USD
USA      84,372.71   0.02%   USD
USA     152,546.50   0.03%   USD
MEX     504,766.80   0.10%   USD
USA      28,530.64   0.01%   USD
USA     366,779.61   0.08%   USD
USA     648,299.65   0.13%   USD
USA     634,770.23   0.13%   USD
USA      87,946.24   0.02%   USD
USA     671,339.70   0.14%   USD
USA     657,791.17   0.14%   USD
USA   1,151,515.00   0.24%   USD
USA     418,768.84   0.09%   USD
USA      93,515.84   0.02%   USD
USA     431,079.73   0.09%   USD
USA     136,512.16   0.03%   USD
USA     735,188.63   0.15%   USD
USA     721,567.90   0.15%   USD
USA     730,464.32   0.15%   USD
USA     910,382.70   0.19%   USD
USA     241,164.53   0.05%   USD
USA     720,856.60   0.15%   EUR
USA     579,544.89   0.12%   USD
USA      58,254.15   0.01%   USD
USA      47,131.81   0.01%   USD
USA     614,439.57   0.13%   USD
USA     274,594.85   0.06%   USD
USA      89,487.82   0.02%   USD
USA     220,774.76   0.05%   USD
USA     359,227.92   0.07%   USD
USA      56,571.92   0.01%   USD
USA     135,689.25   0.03%   USD
CYM     620,940.12   0.13%   USD
USA      85,954.70   0.02%   USD
USA     486,016.90   0.10%   USD
USA     218,488.53   0.04%   USD
USA     694,746.75   0.14%   USD
NLD     330,982.15   0.07%   EUR
DEU     827,578.15   0.17%   EUR
DEU     549,815.59   0.11%   EUR
DEU   1,712,344.64   0.35%   EUR
USA     999,767.26   0.21%   USD
USA     830,524.21   0.17%   USD
USA     112,623.05   0.02%   USD
USA     131,666.05   0.03%   USD
USA     826,215.25   0.17%   USD
USA     325,976.58   0.07%   USD
USA     404,888.51   0.08%   USD
USA     157,441.98   0.03%   USD
USA     171,630.86   0.04%   USD
USA     200,172.45   0.04%   USD
USA     228,148.29   0.05%   USD
USA      66,263.65   0.01%   USD
USA      77,320.21   0.02%   USD
USA      28,364.68   0.01%   USD
USA      88,253.21   0.02%   USD
USA      78,163.95   0.02%   USD
USA     171,796.10   0.04%   USD
USA     291,097.78   0.06%   USD
USA     368,033.76   0.08%   USD
BRA      45,360.03   0.01%   USD
USA     197,361.80   0.04%   USD
USA     124,938.35   0.03%   USD
USA     187,359.38   0.04%   USD
USA     146,913.51   0.03%   USD
USA     464,638.81   0.10%   USD
USA     199,892.13   0.04%   USD
USA     713,929.48   0.15%   USD
USA      71,505.12   0.01%   USD
USA     390,301.78   0.08%   USD
USA     146,617.28   0.03%   USD
INC   1,230,183.85   0.25%   EUR
GBR   2,100,724.03   0.43%   GBP
DEU     190,701.36   0.04%   EUR
USA     271,680.36   0.06%   USD
USA     811,472.99   0.17%   USD
USA     797,788.94   0.16%   USD
USA   1,189,776.58   0.24%   USD
USA     211,649.34   0.04%   USD
USA     130,998.95   0.03%   USD
USA     610,483.58   0.13%   USD
USA      67,756.96   0.01%   USD
USA     257,235.83   0.05%   USD
ECC   1,237,436.30   0.25%   EUR
USA   7,839,532.87   1.61%   USD
USA     423,790.13   0.09%   USD
USA     727,852.38   0.15%   USD
USA     631,614.08   0.13%   USD
USA     603,514.91   0.12%   USD
USA     678,194.00   0.14%   USD
GBR     777,213.59   0.16%   GBP
USA   1,245,088.05   0.26%   USD
USA     249,139.09   0.05%   USD
USA     890,753.30   0.18%   USD
USA     189,217.70   0.04%   USD
USA     447,687.80   0.09%   USD
USA     944,881.73   0.19%   USD
USA     415,375.30   0.09%   USD
USA     213,368.66   0.04%   USD
USA     198,925.15   0.04%   USD
USA     555,900.43   0.11%   USD
USA     655,152.88   0.13%   USD
USA   1,268,526.24   0.26%   USD
USA     623,526.15   0.13%   USD
USA     172,606.34   0.04%   USD
USA     459,570.45   0.09%   USD
USA     615,887.71   0.13%   USD
USA     183,747.72   0.04%   USD
USA     817,084.93   0.17%   USD
USA     497,329.66   0.10%   USD
USA      23,976.34   0.00%   USD
USA     138,614.99   0.03%   USD
USA      49,939.10   0.01%   USD
USA   1,226,914.46   0.25%   USD
USA     285,529.42   0.06%   USD
USA     569,314.00   0.12%   USD
USA     471,970.21   0.10%   USD
FRA   5,101,261.28   1.05%   EUR
FRA   7,066,549.37   1.45%   EUR
FRA     771,803.27   0.16%   EUR
USA   1,786,866.50   0.37%   EUR
USA     241,509.04   0.05%   USD
USA     421,287.82   0.09%   USD
USA     689,702.16   0.14%   USD
USA     577,558.69   0.12%   USD
USA     921,114.84   0.19%   USD
USA     811,088.46   0.17%   USD
USA     581,509.85   0.12%   USD
USA     651,260.44   0.13%   USD
USA     671,087.99   0.14%   USD
USA     242,946.43   0.05%   USD
USA     500,836.90   0.10%   USD
USA     320,641.86   0.07%   USD
USA     120,435.93   0.02%   USD
USA     144,553.60   0.03%   USD
USA     634,103.18   0.13%   USD
USA     386,408.83   0.08%   USD
USA   1,120,886.67   0.23%   USD
USA     755,602.87   0.16%   USD
USA     460,459.20   0.09%   USD
USA   1,617,411.71   0.33%   USD
USA     611,856.08   0.13%   USD
USA     608,774.70   0.13%   USD
USA   1,027,176.58   0.21%   USD
USA     394,378.26   0.08%   USD
USA     283,093.97   0.06%   USD
USA     418,822.27   0.09%   USD
USA      84,093.01   0.02%   USD
USA     162,452.27   0.03%   USD
USA     347,040.65   0.07%   USD
USA     465,911.55   0.10%   USD
FRA   7,624,876.71   1.57%   EUR
USA      55,860.05   0.01%   USD
USA     300,895.18   0.06%   USD
LUX     123,659.62   0.03%   USD
RUS     399,300.87   0.08%   USD
USA     821,233.95   0.17%   USD
USA     140,186.56   0.03%   USD
USA     118,704.58   0.02%   USD
USA     681,389.58   0.14%   USD
NLD   1,024,091.64   0.21%   EUR
USA   1,311,217.59   0.27%   USD
USA     329,730.75   0.07%   USD
IRL   1,994,951.25   0.41%   EUR
IRL   1,729,987.37   0.36%   EUR
IRL   1,068,607.17   0.22%   EUR
IRL   2,649,543.93   0.54%   EUR
USA   1,693,026.42   0.35%   USD
USA     161,873.63   0.03%   USD
USA     572,337.43   0.12%   USD
USA     271,719.60   0.06%   USD
USA     392,251.86   0.08%   USD
USA     389,852.45   0.08%   USD
USA     127,715.29   0.03%   USD
USA      30,574.18   0.01%   USD
GBR   1,484,721.29   0.31%   EUR
USA      49,295.12   0.01%   USD
USA     150,169.94   0.03%   USD
USA   1,216,562.88   0.25%   USD
USA   1,224,108.07   0.25%   USD
USA     764,941.49   0.16%   USD
USA     119,986.53   0.02%   USD
USA      64,302.76   0.01%   USD
GBR   1,166,544.76   0.24%   EUR
USA     721,328.51   0.15%   USD
USA      88,073.65   0.02%   USD
GBR     703,881.27   0.14%   EUR
GBR     343,155.13   0.07%   GBP
USA     192,855.96   0.04%   USD
USA      29,589.70   0.01%   USD
USA     127,000.43   0.03%   USD
USA     237,262.62   0.05%   USD
USA     117,443.47   0.02%   USD
USA     249,633.78   0.05%   USD
USA     981,056.48   0.20%   USD
GBR     1,450,599.78     0.30%   EUR
GBR     1,179,952.62     0.24%   EUR
USA       463,995.59     0.10%   USD
USA       210,856.40     0.04%   USD
DEU        38,724.59     0.01%   USD
USA        51,255.65     0.01%   USD
USA       438,830.01     0.09%   USD
USA       585,138.54     0.12%   USD
USA       406,760.74     0.08%   USD
NLD       648,948.62     0.13%   EUR
USA        95,965.46     0.02%   USD
BMU       140,667.52     0.03%   USD
BMU       120,728.81     0.02%   USD
USA       105,506.54     0.02%   USD
USA        82,918.83     0.02%   USD
USA        84,308.21     0.02%   USD
IRL     3,937,613.57     0.81%   EUR
ECC     (966,553.49)   (0.20%)   EUR
ECC       988,612.59     0.20%   EUR
ECC     (327,248.51)   (0.07%)   EUR
ECC   (1,037,552.95)   (0.21%)   EUR
ECC     1,049,671.35     0.22%   EUR
ECC       348,182.46     0.07%   EUR
USA       295,356.95     0.06%   USD
USA       345,219.35     0.07%   USD
GBR       583,555.64     0.12%   GBP
USA       228,220.97     0.05%   USD
USA       466,760.55     0.10%   USD
JPN   11,381,876.33      2.34%   JPY
JPN       715,752.51     0.15%   JPY
JPN   19,500,271.97      4.01%   JPY
JPN   12,987,645.47      2.67%   JPY
JPN     4,931,287.73     1.01%   JPY
USA       265,629.98     0.05%   USD
USA     1,228,869.68     0.25%   USD
USA       242,253.96     0.05%   USD
USA       284,498.98     0.06%   USD
USA       461,607.32     0.09%   USD
USA        64,838.34     0.01%   USD
USA       125,635.27     0.03%   USD
NLD       654,170.77     0.13%   EUR
USA       306,226.54     0.06%   USD
USA        85,932.86     0.02%   USD
USA     1,220,854.20     0.25%   USD
USA     1,243,891.80     0.26%   USD
USA         8,988.95     0.00%   USD
USA       249,697.03     0.05%   USD
USA        61,686.63     0.01%   USD
USA        14,787.28     0.00%   USD
USA       109,136.33     0.02%   USD
USA       160,281.58     0.03%   USD
USA       644,894.37     0.13%   USD
USA       90,338.04   0.02%   USD
USA      923,229.76   0.19%   USD
USA      697,548.96   0.14%   USD
USA       56,933.14   0.01%   USD
AUS      532,837.44   0.11%   USD
GBR      289,135.52   0.06%   GBP
USA      214,809.96   0.04%   USD
USA      100,872.04   0.02%   USD
USA      351,261.28   0.07%   USD
USA      180,348.75   0.04%   USD
USA      312,110.61   0.06%   USD
USA       45,950.83   0.01%   USD
USA            0.01   0.00%   USD
USA      783,813.78   0.16%   USD
USA    3,247,298.02   0.67%   EUR
USA      357,912.61   0.07%   EUR
USA       10,572.11   0.00%   USD
USA      223,047.80   0.05%   USD
USA      791,437.02   0.16%   USD
USA      397,685.96   0.08%   USD
USA      839,177.97   0.17%   USD
USA      338,443.21   0.07%   USD
USA       74,851.02   0.02%   USD
USA       13,698.91   0.00%   USD
MEX      556,980.07   0.11%   MXN
MEX    3,866,732.17   0.79%   MXN
USA       88,801.79   0.02%   USD
USA      145,189.27   0.03%   USD
USA      124,549.74   0.03%   USD
LUX       30,583.94   0.01%   USD
USA        7,826.02   0.00%   USD
USA      920,655.14   0.19%   USD
CYM      750,725.94   0.15%   USD
USA       50,690.28   0.01%   USD
USA       91,788.70   0.02%   USD
NLD       78,775.82   0.02%   USD
USA      429,566.67   0.09%   USD
USA      672,806.17   0.14%   USD
USA      392,557.85   0.08%   USD
USA      181,071.47   0.04%   USD
USA      361,051.04   0.07%   USD
CYM    1,185,312.38   0.24%   USD
NLD      855,636.98   0.18%   GBP
USA       95,238.78   0.02%   USD
USA      450,295.05   0.09%   USD
USA      233,824.48   0.05%   USD
NLD   18,838,023.99   3.87%   EUR
GBR    3,564,507.09   0.73%   EUR
GBR    1,748,711.38   0.36%   GBP
CYM       99,768.18   0.02%   USD
USA      227,906.50   0.05%   USD
USA      203,475.16   0.04%   USD
USA     728,850.74   0.15%   USD
USA      86,188.54   0.02%   USD
USA     203,638.62   0.04%   USD
USA     305,471.45   0.06%   USD
CAN     151,384.08   0.03%   USD
CAN     113,538.06   0.02%   USD
USA     178,445.43   0.04%   USD
USA     330,920.87   0.07%   USD
CAN     252,237.81   0.05%   USD
USA     272,296.34   0.06%   USD
USA     524,673.69   0.11%   USD
BMU   1,618,792.50   0.33%   USD
USA      55,085.11   0.01%   USD
USA     430,607.46   0.09%   USD
USA     269,552.43   0.06%   USD
USA     112,569.38   0.02%   USD
USA      14,172.79   0.00%   USD
USA     144,348.78   0.03%   USD
USA     119,245.52   0.02%   USD
USA      88,706.82   0.02%   USD
USA      56,566.28   0.01%   USD
USA      30,276.82   0.01%   USD
USA   1,120,734.75   0.23%   EUR
USA     802,157.00   0.16%   USD
GBR   3,840,640.19   0.79%   EUR
USA     405,608.25   0.08%   USD
USA     105,688.39   0.02%   USD
USA      93,949.79   0.02%   USD
USA           1.18   0.00%   USD
USA      47,612.85   0.01%   USD
USA   1,509,041.51   0.31%   USD
USA     285,877.78   0.06%   USD
USA     620,132.79   0.13%   USD
USA     242,176.69   0.05%   USD
USA      96,630.27   0.02%   USD
USA     380,872.72   0.08%   USD
USA     722,406.20   0.15%   USD
USA     768,378.13   0.16%   USD
USA     217,117.89   0.04%   USD
USA     746,698.71   0.15%   USD
USA      23,794.56   0.00%   USD
USA      37,039.20   0.01%   USD
USA      45,381.43   0.01%   USD
USA     466,310.04   0.10%   EUR
PRT   1,249,264.82   0.26%   EUR
USA     383,953.41   0.08%   USD
USA     235,727.95   0.05%   USD
USA     654,261.11   0.13%   USD
USA     455,320.81   0.09%   USD
USA   1,265,013.14   0.26%   EUR
USA     379,582.26   0.08%   USD
USA     493,676.56   0.10%   USD
USA      63,102.11   0.01%   USD
USA     368,571.25   0.08%   USD
FRA     306,128.01   0.06%   USD
USA     264,830.28   0.05%   USD
USA      64,276.57   0.01%   USD
FRA   1,560,362.95   0.32%   EUR
GBR     979,420.71   0.20%   GBP
GBR     683,575.83   0.14%   USD
USA      86,542.08   0.02%   USD
USA      27,936.79   0.01%   USD
USA      25,402.81   0.01%   USD
NLD     260,421.82   0.05%   GBP
GBR     491,457.61   0.10%   USD
USA     224,478.01   0.05%   USD
ESP     638,698.10   0.13%   EUR
USA     364,139.39   0.07%   USD
GBR     119,552.67   0.02%   USD
CAN     144,779.48   0.03%   USD
USA     639,609.68   0.13%   USD
CAN     105,083.14   0.02%   USD
BMU      77,330.91   0.02%   USD
USA     140,436.57   0.03%   USD
USA      89,827.78   0.02%   USD
USA     425,218.63   0.09%   USD
USA     210,821.11   0.04%   USD
USA      31,806.31   0.01%   USD
USA     222,924.04   0.05%   USD
SWE     918,601.65   0.19%   EUR
USA   1,553,936.42   0.32%   GBP
USA     702,577.73   0.14%   EUR
FRA     631,730.38   0.13%   EUR
USA     379,026.83   0.08%   USD
USA     396,662.73   0.08%   USD
ESP   7,152,643.01   1.47%   EUR
SWE      60,757.25   0.01%   USD
USA     452,251.50   0.09%   USD
USA     283,975.09   0.06%   USD
FIN     408,672.97   0.08%   USD
CAN     193,122.84   0.04%   USD
USA     629,524.37   0.13%   USD
USA     553,202.05   0.11%   USD
USA     681,084.27   0.14%   USD
USA   1,235,969.83   0.25%   USD
USA     446,146.66   0.09%   USD
NLD     560,766.04   0.12%   EUR
USA     264,168.60   0.05%   USD
SVK     245,669.34   0.05%   USD
USA      59,253.66   0.01%   USD
USA      24,959.79   0.01%   USD
USA   1,001,510.18   0.21%   USD
USA     301,353.08   0.06%   USD
LUX     705,319.26   0.14%   USD
LUX     934,658.13   0.19%   EUR
NLD     335,448.85   0.07%   USD
NLD     879,063.74   0.18%   USD
BEL     339,124.68   0.07%   USD
GBR     534,357.22   0.11%   GBP
CAN     139,165.22   0.03%   USD
USA     537,325.08   0.11%   USD
USA   1,421,425.70   0.29%   USD
GBR     282,399.85   0.06%   GBP
GBR   1,101,305.16   0.23%   EUR
MEX     446,230.61   0.09%   USD
MEX     195,837.28   0.04%   USD
MEX     216,119.65   0.04%   USD
USA     262,734.17   0.05%   USD
USA     204,012.43   0.04%   USD
USA     858,993.62   0.18%   USD
USA     129,962.52   0.03%   USD
USA      38,676.72   0.01%   USD
USA     121,323.53   0.02%   USD
CIJ     595,071.72   0.12%   EUR
USA     130,177.24   0.03%   USD
USA     226,101.39   0.05%   USD
USA      83,809.49   0.02%   USD
USA     526,595.31   0.11%   USD
USA     461,772.14   0.09%   USD
USA     106,635.99   0.02%   EUR
AUS     148,589.34   0.03%   USD
USA     207,419.34   0.04%   USD
LUX     288,126.09   0.06%   USD
LUX     431,603.74   0.09%   GBP
LUX     606,380.92   0.12%   USD
USA      96,898.13   0.02%   USD
USA     279,426.03   0.06%   USD
GBR   4,429,866.25   0.91%   GBP
GBR     184,358.89   0.04%   GBP
GBR     467,735.48   0.10%   GBP
GBR   4,492,258.72   0.92%   GBP
GBR      96,500.38   0.02%   GBP
USA     460,328.03   0.09%   EUR
USA     469,080.31   0.10%   USD
USA     414,817.87   0.09%   USD
USA     202,712.78   0.04%   USD
MEX     676,981.62   0.14%   EUR
MEX     148,108.78   0.03%   USD
GBR     244,094.90   0.05%   EUR
DEU     199,960.03   0.04%   EUR
USA     400,092.50   0.08%   USD
USA     226,657.28   0.05%   USD
USA   1,126,339.43   0.23%   USD
USA   3,073,955.74   0.63%   USD
USA     857,969.88   0.18%   USD
USA   5,753,076.26   1.18%   USD
USA         78,886.41     0.02%   USD
USA     14,034,916.93     2.88%   USD
USA        205,729.17     0.04%   USD
USA        181,941.99     0.04%   USD
FRA        284,861.87     0.06%   EUR
FRA        848,893.82     0.17%   EUR
USA        746,962.73     0.15%   USD
USA        105,919.65     0.02%   USD
USA        399,979.25     0.08%   USD
USA        361,907.11     0.07%   USD
USA        513,768.18     0.11%   USD
MEX         66,482.73     0.01%   USD
NLD        965,501.24     0.20%   GBP
USA        813,984.53     0.17%   USD
USA      1,017,900.61     0.21%   USD
USA      1,221,071.92     0.25%   USD
USA        753,434.67     0.15%   USD
USA        760,139.15     0.16%   USD
USA      1,232,105.54     0.25%   USD
USA        866,388.22     0.18%   USD
USA      1,117,339.29     0.23%   USD
USA         74,595.00     0.02%   USD
USA        920,422.42     0.19%   USD
USA        635,183.28     0.13%   USD
USA        931,438.32     0.19%   USD
USA        948,432.30     0.19%   USD
USA      1,067,508.75     0.22%   USD
USA      2,521,744.10     0.52%   USD
USA        903,579.44     0.19%   USD
USA        891,936.94     0.18%   USD
FRA      1,381,966.60     0.28%   EUR
USA         53,312.62     0.01%   USD
USA        622,434.98     0.13%   USD
USA        286,993.08     0.06%   USD
USA        214,383.86     0.04%   USD
USA         59,912.73     0.01%   USD
USA         85,614.34     0.02%   USD
USA        529,910.28     0.11%   USD
USA         92,496.80     0.02%   USD
USA        171,552.86     0.04%   USD
USA        380,022.31     0.08%   USD
USA        528,061.53     0.11%   USD
USA        712,216.68     0.15%   USD
USA      (691,973.94)   (0.14%)   USD
DEU   (20,010,050.14)   (4.11%)   EUR
USA     23,244,130.49     4.78%   USD
USA              0.91     0.00%   USD
USA              0.14     0.00%   USD
USA          7,922.51     0.00%   USD
USA              1.63     0.00%   USD
USA              1.02     0.00%   USD
USA             15.07     0.00%   USD
486,483,837.35   100.00%
Security Type Name   Investment Classification Name   SEDOL          Quantity
Currency Forward     Currency/Cash                    FEURUSDL060707   15,245,000.
Currency Forward     Currency/Cash                    FEURUSDL060714    9,575,000.
Currency Forward     Currency/Cash                    FEURUSDL060721   14,845,000.
Currency Forward     Currency/Cash                    FGBPUSDL060707    4,585,000.
Currency Forward     Currency/Cash                    FGBPUSDL060714    1,590,000.
Currency Forward     Currency/Cash                    FGBPUSDL060721    5,320,000.
Currency Forward     Currency/Cash                    FGBPUSDL060728   12,791,432.75
Currency Forward     Currency/Cash                    FUSDEURL060728    5,417,604.21
Currency             Currency/Cash                    DE_CSH_INCUSD         1,672.19
Currency Forward     Currency/Cash                    FEURUSDS060728  (4,261,396.88    )
Currency Forward     Currency/Cash                    FUSDEURS060707 (19,220,209.98    )
Currency Forward     Currency/Cash                    FUSDEURS060714 (12,054,446.25    )
Currency Forward     Currency/Cash                    FUSDEURS060721 (18,710,638.      )
Currency Forward     Currency/Cash                    FUSDGBPS060707  (8,453,318.65    )
Currency Forward     Currency/Cash                    FUSDGBPS060714  (2,928,939.      )
Currency Forward     Currency/Cash                    FUSDGBPS060721  (9,707,297.6     )
Currency Forward     Currency/Cash                    FUSDGBPS060728 (23,196,613.96    )
Currency             Currency/Cash                    TRADUSD           (483,818.29    )
Security Description                     Country of Issue Mkt Value         Mkt Val %      Local Currency
BUY EUR:SELL USD 07/07/06                EMU                10,544,446.31     2,131.82%    EUR
BUY EUR:SELL USD 14/07/06                EMU                 6,626,156.80     1,339.64%    EUR
BUY EUR:SELL USD 21/07/06                EMU                10,278,500.21     2,078.05%    EUR
BUY GBP:SELL USD 07/07/06                GBR                 4,585,610.64       927.09%    GBP
BUY GBP:SELL USD 14/07/06                GBR                 1,590,466.50       321.55%    GBP
BUY GBP:SELL USD 21/07/06                GBR                 5,322,413.21     1,076.06%    GBP
BUY GBP:SELL USD 28/07/06                GBR                12,799,284.47     2,587.69%    GBP
BUY USD:SELL EUR 28/07/06                USA                 2,929,068.02       592.18%    USD
Income - United States Dollar            USA                       904.08          0.18%   USD
SELL EUR:BUY USD 28/07/06                EMU               (2,952,080.49)     (596.84%)    EUR
SELL USD:BUY EUR 07/07/06                USA              (10,391,549.51)   (2,100.91%)    USD
SELL USD:BUY EUR 14/07/06                USA               (6,517,326.04)   (1,317.64%)    USD
SELL USD:BUY EUR 21/07/06                USA              (10,116,045.63)   (2,045.21%)    USD
SELL USD:BUY GBP 07/07/06                USA               (4,570,349.62)     (924.01%)    USD
SELL USD:BUY GBP 14/07/06                USA               (1,583,552.66)     (320.15%)    USD
SELL USD:BUY GBP 21/07/06                USA               (5,248,322.66)   (1,061.08%)    USD
SELL USD:BUY GBP 28/07/06                USA              (12,541,421.91)   (2,535.56%)    USD
Trading Account - United States Dollar   USA                 (261,579.96)       (52.88%)   USD
                                                               494,621.77       100.00%

				
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posted:4/7/2012
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