APPROVED INVESTMENT LIST 2005-06 SCHEDULE 1
MAXIMUM MAXIMUM CREDIT RATINGS
SPECIFIED INVESTMENTS AMOUNT  PERIOD SHORT LONG TERM
BANKS & SUBSIDUARIES £,000
ABBEY NATIONAL B.R. Account 6,000 ) P - 1 Aa3
ALLIANCE & LEICESTER 6,000 ) P - 1 Aa3
HBOS Treasury Services 8,000 ) P - 1 No Record
BANK OF SCOTLAND CORPORATE DEP A/C 6,000 ) P - 1 Aa2
BARCLAYS 8,000 ) P - 1 Aa1
BRADFORD & BINGLEY 6,000 ) P - 1 A1
CLYDESDALE BANK 6,000 ) UP TO P - 1 A1
CO-OPERATIVE BANK 6,000 ) 364 P - 1 A3
HSBC 8,000 ) DAYS P - 1 Aa2
LLOYDS TSB 8,000 ) P - 1 Aaa
NATIONAL WESTMINSTER 8,000 ) P - 1 Aa1
NORTHERN ROCK 6,000 ) P - 1 A1
ROYAL BANK OF SCOTLAND 8,000 ) P - 1 Aa1
STANDARD CHARTERED 6,000 ) P - 1 A2
ULSTER BANK IRELAND LTD 3,000 ) NO LOANS P - 1 Aa1
BRISTOL & WEST 3,000 ) OVER ONE P - 1 Aa3
MONTH
MERCHANT BANKS
JP MORGAN & CHASE CO 4,000 ) NO LOANS P - 1 No Record
ROTHSCHILD (NM) 4,000 ) OVER ONE F  1 A
SCHRODER & CO 4,000 ) MONTH F  1 A +
BUILDING SOCIETIES
BRITANNIA BS 6,000 ) P - 1 A2
CHELSEA BS 6,000 ) P - 1 A3
COVENTRY BS 6,000 ) P - 1 A2
DERBYSHIRE BS 6,000 ) NO LOANS P - 1 A3
NATIONWIDE BS 6,000 ) MONTHS P - 1 Aa3
PORTMAN BS 6,000 ) P - 1 A2
PRINCIPALITY BS 6,000 ) P - 1 A2
SKIPTON BS 6,000 ) P - 1 A3
WEST BROMWICH BS 6,000 ) P - 1 A3
YORKSHIRE BS 6,000 ) P - 1 A2
LOCAL AUTHORITIES  £3M. maximum  364 DAYS
MONEY MARKET FUNDS
RBS GLOBAL TREASURY FUNDS 1,000 AAA
NON SPECIFIED INVESTMENTS:
AS SPECIFIED ABOVE BUT ONLY WITH COUNTERPARTY'S RATED Aa & ABOVE LONG TERM
MAXIMUM INVESTMENT 5,000
PERIOD  1 to 3 YEARS
NB: NON SPECIFIED INVESTMENTS SHOULD NOT EXCEED 25% OF PORTFOLIO
         AT THE DATE OF INVESTMENT