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MIP 97 (III) Maturing on August 31

MIP 97 (III) is maturing on August 31, 2002. The books will remain closed from 23/08/2002 to 31/08/2002 (both days inclusive). Unitholders have option to receive the maturity proceeds or switchover to any of the schemes open for sale. The option letters/switchover forms should reach UTIISL by 22/08/2002.

The scheme had assured returns for all the five years @13 percent p.a. for the monthly dividend option and @13.80 percent p.a. for the cumulative option.