Dividend Declaration

Acorn Income Fund Ld
8 March 2001

Acorn Income Fund Limited - First Interim Dividend

SECURITY TITLE:                               Ordinary Shares
MNEMONIC CODE:                                AIF
SEDOL CODE:                                   482-943
DIVIDEND AMOUNT:                              2.75p
PERIOD:                                       31-12-01
PROVISIONAL EX DATE:                          14-03-01
RECORD DATE:                                  16-03-01
PAYMENT DATE:                                 27-03-01