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Gold/Mining/Energy : Triax Diversified High Yield Trust Units

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To: Scott Mc who wrote (10)	9/2/1997 2:35:00 PM
From: kingfisher	of 39

The portfolio is very diversified and includes Algoma Steel 12.38% US due 2005,Hurricane Hydrocarbons 11% due 2002 etc.Next installement $7.Management fee? Latest quarter fees were $600,000 on net assets of $225million dollars.Set up fees will now be amortized over the funds lifetime.Next distribution will be announced in less than 2 weeks and I estimate it will be .22cents per share.

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