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With summer finally upon us we have introduced some special offers to get your holiday season off to a flying start.
The Alliance Trust Monthly Income Bond Fund celebrated its first birthday last month and we are delighted to feature an article from our colleagues at Alliance Trust Asset Management who discuss their successful first year.
I hope you enjoy this issue and if you have any suggestions for future topics please email us at marketingresponses@alliancetrust.co.uk.

Robert Burgess
Chief Executive
Important Information
This newsletter is prepared for general information only. Please remember the value of investments and any income from them can go up or down and you may not get back the amount you invested. All investments carry an element of risk, which may differ significantly, and if you are unsure as to the suitability of any particular investments, you should seek professional financial advice. Alliance Trust Savings does not give financial or investment advice. Information relevant to 2010/11 tax year unless otherwise stated.