Research and Markets: Analysis of Mobile Communications Market Across Eastern Europe

18%
Publishing 0.16%
Petroleum Products 0.00%

Percentage of Leverage:
Bank Loans: 12. Maturity: 14.

kenya turkey

DUBLIN, Ireland, Research and Markets
(http://www.28%
8) US Treasury Bonds 12.30%
Automotive 0.02%
Bulgaria 0.

croatia lebanon

41%
Paper/Packaging 0.

lithuania kenya

com/cgi-bin/prnh/20040820/RESEARCH )
Mobile penetration in the region is around 35% but this figure covers a
wide variation between countries, with mobile communications as well developed
in some Eastern European countries as in Western Europe.

Top 10 Fixed-Income Holdings
Portfolio%
1) US Treasury Bonds 11 .50% (08/15/14) 3.23%
FNMA/CMO 3.02%
Sovereign 0.

serbia brazil

Only Luxembourg, Portugal and Sweden had
higher penetration rates.25% (02 /15/15) 7.47%
Russia 3.

finland bosnia

com
Fax: +353 1 4100 980

86%
2) US Treasury Bonds 13.26%
Bank Loans 3.75%
Financial 0.44%
Time Deposit 0.02%
El Salvador 0 . 1-1997-57533 by
the Intellectual Property Office of the Republic of the Philippines for its
proprietary Ambrotose blend. Similarly, descriptions of Mannatech's objectives,
strategies, plans, goals or targets contained herein are also considered
forward-looking statements. All of the forward -looking statements contained herein speak only as
of the date of this release.

croatia hong

00% (11/15/21) 4.99%
FNMA 12.52%
Germany 0.93%
Investment Operations: 27.

lithuania zealand

As at end-March 2004,
the Czech Republic ranked fourth by penetration levels in all Europe, with
Greece just behind in fifth place.mobil
- Ukrainian Mobile Communications (UMC)
- Kyivstar
- Golden Telecom
- Ukrainian Radio Systems (URS)
- Digital Cellular Communications (DCC) / Astelit

For more information visit
http://www.com/reports /c16282

Laura Wood
Senior Manager
Research and Markets
press@researchandmarkets .94%
Cable 0.27%
United Kingdom 0.com. These forward-looking statements
may be identified generally by the use of phrases or terminology such as
"may," "believes," and "plans" or other similar words or the negative of
such terminology.

kenya finland

ACM Income Fund, Inc.68%
5) US Treasury Stripped Prin 0.00%
9) US Treasury Bonds 6.40%
10) Resolution Funding Corp 0.20%

Security Type
Portfolio%
Treasury 37.46%
Public Utilities - Elec + Gas 0.71%
Argentina 0.90%
Colombia 0.20 %
Panama 0.11%
Cayman Islands 0.
Some of these factors include, among others, Mannatech's inability to
attract and retain associates and members, increases in competition,
litigation, regulatory changes and its planned growth into new
international markets.

lithuania luxembourg

com/reports/c16282 ) has announced the addition
of 2005 Eastern European Mobile Communications Market to their offering.newscom.

ACM Income Fund Releases Monthly Portfolio Update

The foregoing portfolio characteristics are as of the date indicated and
can be expected to change.

Please Note: This release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, Section
21E of the Securities Exchange Act of 1934, as amended, and the Private
Securities Litigation Reform Act of 1995.

turkey luxembourg

46%
3) FNMA 30 Yr TBA May 6.38%
FHLMC/CMO 5.83%
Yankee Bonds 0.59 Years

Duration:
Corporate 8.93% in bank loans and
27.

sports hong

50% (05/25/35) 4.34%
Communications 0.36%
Venezuela 0.27%
Ukraine 0.08%
Australia 0.09%*

Avg .71 Years

Total Net Assets: $1854.
Mannatech, Incorporated (NASDAQ: MTEX ) today
announced that it has been granted Philippine Patent No.

zealand bosnia

researchandmarkets.
(Logo: http://www.20%
Preferred Stock 0.08%
Kazakhstan 0.02%
Lebanon 0. As part of our commitment to protecting our
investments in intellectual property, Mannatech has filed this and
additional patents for glyconutritionals in the US and worldwide.

israel brazil

47%
Communications-fixed 0.43%
Broadcasting/Media 0.16%
Chemicals 0.01%
Short-term:
REPO 7.16%
Luxembourg 0.01%
Total 100.16%
Preferred Stock: 0%
Total: 40.

bosnia philippines

20%
FHLMC 0.55%
Industrial 0.

israel brazil

00% (05/15/17) 4.02%
6) Russian Federation - 144a 5.41%
Turkey 2.17%
Ecuador 1.27%
Netherlands 0.01%
Hong Kong 0. The Fund is a closed-end U.-registered management
investment company advised by Alliance Capital Management L. P. Philippine Patent No. 1-1997-57533 joins
Mannatech 's growing international patent portfolio, which includes 19
issued patents related to its Ambrotose complex.

basketball lithuania

70%
Sovereign 20.27%
GNMA 0.25%
Technology 0.17%
Entertainment/Leisure 0.03%
Agriculture 0.20%
Brazil 4.36%
Peru 0.

ireland kenya

Policies
- Infrastructure, GSM, CDMA, 3G
- Mobile Data - Market Issue, Paging, Dedicated Services
- SIM, SMS, MMS, GPRS, EDGE, WAP, M-Commerce
- Telemetry, Location Services, Bluetooth, PMR, TMR
- Mobile Satellite Services


- Albanian Mobile Communications (AMC)
- Vodafone
- Belcel / Diallog
- RTC Mobikom
- MobilTel / M-Tel
- Cosmo Bulgaria Mobile / GloBul
- T-Mobile / HT Mobitel / HT Cronet
- Cytamobile
- Scancom Cyprus / areeba
- Eurotel Praha
- T-Mobile
- Cesky Mobil
- Eesti Mobiltelefon (EMT)
- Radiolinja Eesti
- Tele2 Eesti
- STET Hellas Telecommunications / TIM
- Vodafone Greece
- CosmOTE
- Q-Telecom
- T-Mobile / Westel Mobile Telecommunications
- Pannon GSM
- Vodafone / VRAM
- Latvia Mobilais Telefons (LMT )
- Tele2
- Omnitel
- Bite GSM
- Tele2
- MobiMak
- Cosmofon
- VoxTel
- Moldcell
- InterDnestrCom
- PTK Centertel - Idea
- Polkomtel - Plus
- Polska Telefonia Cyfrowra (PTC) - Era
- Telemobil / Zapp
- MobiFon / Connex
- Mobil Rom / Orange Romania
- Cosmorom
- Mobtel (Serbia)
- Telekom Srbija / Mobilna Telefonija Srbija (MTS) (Serbia)
- ProMonte (Montenegro)
- Monet (Montenegro )
- EuroTel Bratislava
- Orange Slovensko
- Mobitel
- Si.00% (10/15/20) 2.02%
Containers 0.00%

Holdings by Issuer Country
Portfolio%
United States 77.

PRESS RELEASE Mannatech Awarded Patent in the Philippines

We are
extremely pleased with the excellent progress and achievement of our unique
and broad technology, which is supported by our growing patent portfolio,"
stated Terry Persinger , Mannatech's President and COO. Website


About Mannatech, Incorporated

Mannatech, based in Coppell, Texas, is a wellness solution provider that
sells its products through a global network-marketing system throughout the
United States and the international markets of Canada , Australia, the
United Kingdom, Japan, New Zealand and South Korea and Taiwan. For
additional information about Mannatech, please visit its corporate website:
www.

brazil kenya

Subjects include:
- Trends, Analysis, Players, Revenues, Subscribers, Prepaid
- Spectrum Auctions, Developments , Govt.researchandmarkets.82%
4) US Treasury Stripped Prin 0.18%
Uruguay 0 .88 yrs
Total Portfolio: 3.S.

turkey east

This annual report offers a wealth of information on the Mobile
communications market in Belarus, Bosnia-Herzegovina, Bulgaria, Croatia, Czech
Republic , Estonia, Hungary, Latvia, Lithuania, Macedonia, Moldova, Poland,
Romania, Russia, Slovakia, Slovenia , Ukraine, Serbia, Montenegro, Yugoslavia. NEW YORK, ACM Income Fund, Inc.00% (08/15/13) 3.03%
Corporate:
Communications-Mobile 0.02%
Energy 0.46%
Canada 2.05 yrs
US Treasury 3. Mannatech believes this release should be read
in conjunction with all of its filings with the Securities and Exchange
Commission and cautions its readers that these forward-looking statements
are subject to certain events, risks, uncertainties, and other factors.

montenegro ireland

(NYSE: ACG) (the "Fund") today released its monthly portfolio update as of
March 31, 2005.07%
Healthcare 0.02%
Insurance 0.17%
Bermuda 0. The company holds
patents in Australia, France, Germany, Hong Kong, Ireland, Italy,
Liechtenstein , Malaysia, Mexico, New Zealand, the Philippines, Singapore,
South Africa, Spain, Switzerland, Taiwan and the United Kingdom. Although Mannatech believes that its expectations,
statements, and assumptions reflected in these forward-looking statements
are reasonable, it cautions its readers to always consider all of the risk
factors and any other cautionary statements carefully in evaluating each
forward-looking statement in this release, as well as those set forth in
its latest Annual Report on Form 10-K, and other filings filed with the
Securities and Exchange Commission, including its current reports on Form
8-K.

finland philippines

00% (03/31/30) 3.25% (05/15/30) 2.05%
Brady Bonds 0.04 yrs
Emerging Market 5.11
Number of Holdings: 308

* The total percentage of leverage constitutes 12.16% in investment operations which may include the use of certain
portfolio management techniques such as credit default swaps, dollar
rolls, negative cash, reverse repurchase agreements and when-issued
securities.

According to Sam Caster, Mannatech's Founder, Chairman and CEO, "Our
position as a global leader in glyconutrition is strengthened each time a
new patent is issued to us.

"

"Mannatech continues to invest in research and product development.

zealand ireland

Slovenia ranked in tenth place.13%
Government Agency 2.31%
Banking 0 .04%
Metals/Mining 0.

yugoslavia herzegovina

29%
7) US Treasury Bonds 12.11%
Air Transportation 0.07%
Total 100.67%
Philippines 0.02%
Jamaica 0.1 Million
Net Asset Value: $8.





Mannatech, Inc.

basketball sports

25% (05/15/14) 6 .66%
Mexico 2.76%
Japan 0.46%
Indonesia 0.34 yrs
High Yield 2.mannatech.

kenya herzegovina

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