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LOM Target Funds Approve Name Change

Hamilton, Bermuda, 4 July 2001- The Bermuda Stock Exchange (BSX) announced that LOM Target Accumulator Fund Limited, LOM Target Balanced Growth Fund Limited and LOM Target Aggressive Growth Fund Limited changed their names to LOM Income Fund Ltd., LOM Balanced Fund Ltd. and LOM Equity Growth Fund Ltd. respectively.

For further information on the LOM Target Funds, please contact Keith Dicker at telephone: 441-292-5000 ext. 258 or email: keith.dicker@LOM.bm.

For more information, contact Christopher Dill at the Bermuda Stock Exchange at phone 441-292-7212 or info@bsx.com. Information is also available at www.bsx.com, on Bloomberg at BSX , and on Reuters at THE BSX.

The BSX was founded in 1971 and is the world's leading fully electronic offshore securities market. The BSX lists equities, mutual funds and bonds, as well as depository receipts. The Exchange is recognized by the SEC as a "DOSM" (Designated Offshore Securities Market) and is a full member of the International Federation of Stock Exchanges.