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To: Herb Duncan who wrote (11901)7/28/1998 2:20:00 PM
From: SofaSpud  Respond to of 15196
 
GENERAL INTEREST / Altamira Top Holdings

NEW ALTAMIRA VALUE FUND PORTFOLIO AS AT JULY 27, 1998.

TORONTO, July 28 /CNW/ - The New Altamira Value Fund, a closed end
investment trust managed by Altamira Management Ltd., announced its top 15
equity holdings (by market value) as at July 27, 1998 (in alphabetical order
and representing common shares in publicly traded companies, unless otherwise
specified):

AGRA Inc.
The Bank of Nova Scotia
Celanese Canada Inc.
Crestar Energy Inc.
Devtek Corporation Class A
Dia Met Minerals Ltd. Class A
Family Golf Centers, Inc.
Fort Chicago Energy Partners L.P. Class A Units
National Sea Products Limited
Newport Petroleum Corporation
Nobile China Inc.
Rigel Energy Corporation
Rogers Communication Inc. Class B
The T. Eaton Company Limited
Telesystem International Wireless Inc.

Units of the New Altamira Value Fund are listed and trade on the Toronto
Stock Exchange and the Montreal Exchange under the symbol NVL.UN. Trading
information is reported daily in the ''Trust units'' section of the securities
pages of major Canadian newspapers. The net asset value of the New Altamira
Value Fund is reported daily in the Segregated/Other Funds subsection of the
Canadian Mutual Funds section of the securities pages of major Canadian
newspapers.
As at July 27, 1998 the Fund was fully invested.

-30-
For further information: Dealer Services, Altamira Financial Services
Ltd., (416) 413-5334, 1-800-263-1140