Communiqués de presse

First Asset Yield Opportunity Trust Anounce Distribution

August 20, 2004 - First Asset Yield Opportunity Trust (TSX: FAY.UN) announces a distribution for the month ending August 31, 2004 of $0.1458 per unit. The distribution will be paid on September 15, 2004 to unitholders of record on August 31, 2004.

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