ABN AMRO Funds

Statement of investments -Behavioural Finance Japan Fund 31-10-2005numberTransferable securities admittedto exchange listing or dealt in onanother regulated marketmarketvaluex JPY 1,000 %SHARESJapan870 Acom 6,473 1.007,000 Ajinomoto 7,966 1.234,300 Asahi Breweries 6,158 0.959,000 Bank of Fukuoka 8,532 1.325,400 Canon 33,642 5.2111 Central Japan Railway 10,846 1.685,500 Citizen Watch 4,917 0.766,000 Dai Nippon Printing 11,550 1.793,800 Daiichi Sankyo 8,227 1.286,000 Daiwa House Industry 9,558 1.4838 East Japan Railway 26,676 4.131,700 Electric Power Development 6,511 1.0119,000 Hokuhoku Financial Group 9,101 1.419,500 Honda Motor 60,990 9.455,900 JFE Holdings 21,417 3.322,600 JS Group 5,161 0.808,000 Kawasaki Kisen Kaisha 5,800 0.9031 KDDI 20,956 3.259,000 Keio 6,111 0.959,000 Kirin Brewery 11,619 1.8013,000 Kubota 11,310 1.756,500 Kuraray 7,254 1.128,000 Kyowa Hakko Kogyo 7,200 1.124,600 Kyushu Electric Power 11,454 1.781,400 Lawson 6,258 0.97700 Mabuchi Motor 3,990 0.627,500 Mitsubishi Chemical Holdings 5,430 0.8414,000 Mitsubishi Rayon 7,686 1.199,000 Mitsui Chemicals 6,255 0.9713,000 Mitsui OSK Lines 10,699 1.6610,000 Nippon Express 6,570 1.0214 Nippon Paper Group 5,600 0.8763 Nippon Telegraph & Telephone 34,902 5.4113,000 Nippon Yusen Kabushiki Kaisha 9,139 1.4228,400 Nissan Motor 34,449 5.3411,000 NSK 7,480 1.16215 NTT DoCoMo 43,860 6.8010,000 Obayashi 8,990 1.3910,000 OJI Paper 6,020 0.9323,000 Osaka Gas 9,936 1.54900 Promise 6,381 0.9956 Resona Holdings 20,160 3.128,000 Ricoh 14,824 2.301,500 Seiko Epson 4,290 0.677,000 Sekisui Chemical 5,159 0.8014,000 Sumitomo Trust & Banking 14,196 2.2012,000 Taisei 6,360 0.993,000 Taisho Pharmaceutical 6,270 0.971,340 Takefuji 10,666 1.6513,900 Tokyo Electric Power 40,380 6.2627,000 Tokyo Gas 13,014 2.025,000 TonenGeneral Sekiyu 6,445 1.007,000 Toppan Printing 7,896 1.225,000 Toto 4,440 0.693,000 UNY 4,335 0.6719 West Japan Railway 5555 8,113 55 1.26699,622 108.435555 55INVESTMENTS 699,622 108.43NET LIABILITIES (54,420) (8.43)TOTAL NET ASSETS 645,202 100.00Statement of investments -Biotech Fund 31-10-2005numberSHARESCanada45,000 ID Biomedical 1,096 3.945555 551,096 3.94IsraelTransferable securities admittedto exchange listing or dealt in onanother regulated marketmarketvaluex EUR 1,000 %30,000 Teva Pharmaceutical Industries- Sp. ADR - 955 3.435555 55955 3.43Switzerland10,300 Actelion 5555 966 55 3.47966 3.47United States26,500 Affymetrix 1,005 3.6143,000 Alkermes 585 2.1039,000 Amgen 2,467 8.8639,000 Amylin Pharmaceuticals 1,094 3.9330,000 Celgene 1,405 5.0417,500 Cephalon 666 2.3920,300 Coley Pharmaceutical Group 251 0.9050,000 CV Therapeutics 1,046 3.7647,000 Cytokinetics 306 1.1038,000 Dov Pharmaceutical 493 1.7730,000 Enzon Pharmaceuticals 175 0.6330,000 Exelixis 194 0.6915,450 Genentech 1,169 4.2030,000 Genzyme 1,811 6.5055,000 Gilead Sciences 2,170 7.79109,000 Human Genome Sciences 760 2.7347,000 InterMune 534 1.918,600 Invitrogen 457 1.6440,000 Medimmune 1,168 4.1930,000 Momenta Pharmaceuticals 539 1.9416,000 Myriad Genetics 259 0.9323,000 Neurocrine Biosciences 1,014 3.6428,000 NPS Pharmaceuticals 230 0.8389,000 Nuvelo 624 2.2473,000 Protein Design Labs 1,708 6.1365,000 Senomyx 5555 773 55 2.7822,903 82.235555 55INVESTMENTS 25,920 93.07OTHER ASSETS LESS LIABILITIES 1,931 6.93TOTAL NET ASSETS 27,851 100.009