Net Assets Statement for the year ended 31 March 2004

2002/03 £000		Notes	2003/04 £000
	Investments	10
29,129	Fixed interest securities		48,268
521,521	Equities		554,321
23,510	Index-linked securities		17,069
401,619	Managed and unitised funds		650,016
77,125	Properties		79,555
35,926	Cash deposits and equivalents		33,502
1,088,830			1,382,731
3,870	Current Assets and Liabilities	13	6,341
1,092,700	Net Assets of the Fund at 31 March		1,389,072

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