Communiqués de presse

First Asset Yield Opportunity Trust Confirms Distribution for Month Ending December, 31 2003

December 31, 2003 - First Asset Yield Opportunity Trust (TSX: FAY.UN) confirms the distribution for the month ending December 31, 2003 of $0.1458 per Unit. The distribution will be paid on January 14, 2004 to unitholders of record on December 31, 2003.

For further information, please call First Asset Funds Inc. at (416) 642-1289 or 1-877-642-1289.

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