Communiqués de presse

First Asset Yield Opportunity Trust Announces Distribution

January 21, 2003 - First Asset Yield Opportunity Trust (TSX: FAY.UN) announces a distribution for the month ending January 31, 2004 of $0.1458 per unit. The distribution will be paid on February 13, 2004 to unitholders of record on January 30, 2004.

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