Result of EGM

EDINBURGH US TRACKER TRUST PLC
20 July 1999


At today's Extraordinary General Meeting shareholders approved the resolutions
authorising the company to buy back up to 14.99% of its own shares and to
repay its preference stock. The buyback authority is conditional upon the
repayment of the preference stock which is subject to the approval of the
Court of Session in Edinburgh. It is expected that court approval should be
obtained in September 1999.

For Edinburgh Fund Managers plc, Secretary
David Holland
Assistant Secretary.