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Gold/Mining/Energy : KERM'S KORNER
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To: Kerm Yerman who wrote (14691)1/7/1999 10:11:00 PM
From: Kerm Yerman   of 15196
 
ENERGY TRUSTS / ARC STRATEGIC Energy Fund Announces Best Efforts Purchase
for Cancellation of Any Class B Units

CALGARY, Jan. 7 /CNW/ - (AEF.UN - TSE) - ARC STRATEGIC Energy Fund
announces that commencing January 8, 1999 the Fund will use its best efforts
to purchase for cancellation on the Toronto Stock Exchange any Class B Units
at then prevailing market prices which are less than 92.5% of the net asset
value per Trust Unit. The maximum number of Class B Units which may be
purchased during any calendar quarter is (81,650 Trust Units for the quarter
ended March 31, 1999) 1.25% of the number of Trust Units outstanding at the
beginning of the calendar quarter. ARC STRATEGIC Energy Fund also announces
that its net asset value as at January 6, 1999 was $8.64 per Trust Unit.

ARC STRATEGIC Energy Fund is a growth-oriented energy investment fund.

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