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Stocks I / India Fund


Subject:  Latest Earnings Report Date:  2/3/2006  12:30 PM
Author:  pencils2 Number:  2 of 144

Hi all,

Here is some information from IFN's latest earnings report (Jan. 23).

Thoughts welcome,


As of December 31, 2005, the Fund's top ten holdings and sector allocations were:

Top Ten Equity Holdings % of Net Assets
----------------------- ---------------
Infosys Technologies 9.1%
Reliance Industries 7.7%
Oil and Natural Gas Corp 6.3%
Bharti Tele-Ventures Ltd 4.7%
Bharat Heavy Electricals