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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (14936)1/20/1999 9:04:00 PM
From: Herb Duncan   of 15196
 
ENERGY TRUSTS / APF Energy Trust Announces $0.16 Monthly Distribution

TSE SYMBOL: AY.UN

JANUARY 20, 1999

CALGARY, ALBERTA--APF Energy Trust announced that its next
distribution will be $0.16 per trust unit. The distribution will
be made on February 15, 1999, to unitholders of record on January
31, 1999. The ex-distribution date will be January 27, 1999.

This distribution continues APF's policy of making a basic $0.12
monthly distribution, with an additional payment every third
month.

APF is a conventional oil and gas royalty trust. Since completing
its initial public offering in December 1996, it has declared
distributions of $3.63 per unit, among the highest of all royalty
and income trusts.
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