BMA-PGBI Closing Bell

Yields on the BMA-PGBI decreased by approximately 1.5 bps and its value increased by 0.07% to close at 98.6949. Yields decreased by approximately 1 basis point in the short tenors while they decreased by 2 - 3 basis points in the medium tenors. Yields remained unchanged among the long tenors. This decrease in yields coupled with interest rate return, led to the increase in value of the BMA-PGBI.

====================================================================

Index Statistics                04-Oct-05    03-Oct-05        Change

====================================================================

BMA-PGBI          (Index Value)  98.6949  98.6242   0.0707   (0.07%)

Principal Return  (Index Value)  83.6898  83.6330   0.0568   (0.07%)

Interest Return    %               17.93%   17.93%  0.0000   (0.03%)

Average Coupon     %             10.4560  10.4559   0.0000   (0.00%)

Average Maturity   %              5.9046   5.9068  -0.0022  (-0.04%)

Average Yield      %              9.2855   9.3001  -0.0146  (-0.16%)

Average Duration         Value    4.0822   4.0834  -0.0012  (-0.03%)

Average Convexity        Value   27.9512  27.9368   0.0144   (0.05%)

====================================================================