INCOME FUND FROM ALLIANCE UNIT TRUST DECLARES 1.5 SEN DISTRIBUTION

Kuala Lumpur, 14 March 2007 - Alliance Unit Trust (AUT) Management Berhad has declared a gross cash distribution of 1.5 sen for investors of the Alliance Optimal Income Fund (AOIF) for the first six months ending 28 February 2007.

The cash distribution represents a 3% yield for six months or an annualised 6% yield based on the initial selling price of 50 sen. The gross cash distribution of 1.5 sen for every unit is AOIF's first cash payout to its investors for this financial year. The second cash distribution is targeted for August 2007.

The fund's investment objective is to provide Unitholders with a stable income that is potentially higher than the prevailing Fixed Deposit rates (FD) by investing in high dividend yielding portfolio of stocks and fixed income securities.

Launched on 2 September 2004, the Alliance Optimal Income Fund is suitable for investors with a low risk or medium appetite. The unique feature of this fund lies in its distribution policy. Distribution may be declared on a half-yearly basis, if any as approved by the Trustee.

AOIF is available through Alliance Unit Trust Tied-Agents, Alliance Bank and third party distributors such as AmPrivate Banking, Affin Bank, ECM Libra Avenue Securities Sdn Bhd, RHB Unit Trust and Standard Chartered Bank.

For enquiries or for a copy of the Master Prospectus, please call the toll free number 1-800-88-3065 or log on to www.allianceut.com.my for more details.

-- Press Release