ABN AMRO Funds

STATEMENT OF CHANGES IN ISSUED SHARESfor the period from 01-05-2005 to 31-10-2005Numberof sharesoutstandingas at01-05-2005Numberof sharesissuedNumberof sharesredeemedNumberof sharesoutstandingas at31-10-2005Asian Tigers Equity Fund ‘A’ 1,865,473 7,661,394 781,364 8,745,503Asian Tigers Equity Fund ‘D’ 61,170 124,949 24,870 161,249Asian Tigers Equity Fund ‘I’ 488,809 391,719 110,172 770,356Behavioural Finance Japan Fund ‘A’ 154,510 29,618 58,541 125,587Biotech Fund ‘A’ 928,898 641,339 309,494 1,260,743Biotech Fund ‘D’ 28,993 81,061 40,908 69,146China Equity Fund ‘A’ 2,831,687 715,321 569,152 2,977,856China Equity Fund ‘D’ 200,082 142,751 55,216 287,617China Equity Fund ‘I’ 0 12 0 12Consumer Discretionary Fund ‘A’ 231,734 1,301,016 39,986 1,492,764Consumer Staples Fund ‘A’ 209,196 1,497,138 41,591 1,664,743Denmark Fund ‘A’ 962,630 92,993 127,416 928,207Eastern Europe Equity Fund ‘A’ 1,491,170 2,428,643 1,561,616 2,358,197Eastern Europe Equity Fund ‘D’ 175,898 267,795 128,215 315,478Eastern Europe Equity Fund ‘I’ 713,420 210,904 344,753 579,571Energy Fund ‘A’ (Previously Resources Fund) 0 7,351,171 1,024,708 6,326,463Energy Fund ‘B’ (Previously Resources Fund) 0 5,593,771 236,472 5,357,299Energy Fund ‘D’ (Previously Resources Fund) 0 205,340 52,848 152,492Euro Equity Fund ‘A’ 2,386,717 56,207 415,680 2,027,244Euro Equity Fund ‘N’ 0 4,033,433 93,318 3,940,115Europe Equity Dynamic Fund ‘A’ 49,979 2,909,827 158,042 2,801,764Europe Equity Dynamic Fund ‘D’ 62 11,391 3,145 8,308Europe Equity Dynamic Fund ‘I’ 300 0 300 0Europe Equity Fund ‘A’ 2,672,714 3,541,527 593,141 5,621,100Europe Equity Fund ‘D’ 26,606 86,435 8,343 104,698Europe Equity Fund ‘I’ 0 -87,281 -87,281 0Europe Equity Fund ‘N’ 0 3,240,924 81,197 3,159,727Europe Equity Growth Fund ‘A’ 351,480 32,076 87,778 295,778Europe Equity Growth Fund ‘D’ 3,041 19,241 981 21,301Europe Equity Revival Fund ‘A’ 0 1,679,619 63,640 1,615,979Europe Opportunities Fund ‘A’ 159881 128,352 7,348 280,885Europe Opportunities Fund ‘D’ 373 101,326 3,981 97,718Financials Fund ‘A’ 506,721 3,183,517 153,534 3,536,704Financials Fund ‘B’ 0 3,119,356 46,336 3,073,020Germany Equity Fund ‘A’ 1,340,664 49,757 221,142 1,169,279Germany Equity Fund ‘D’ 4,636 231,749 99,683 136,702Global Emerging Markets Equity Fund ‘A’ 13,174,763 2,253,668 4,749,459 10,678,972Global Emerging Markets Equity Fund ‘D’ 64,311 87,761 26,700 125,371Global Emerging Markets Equity Fund ‘I’ 2,174,076 77,494 1,550,019 701,550Global Equity Fund ‘A’ 1,407,768 39,468 190,202 1,257,034Global Equity Fund ‘D’ 2,020 8,134 815 9,340Global Equity Value Fund ‘A’ 1,025,652 105,774 112,532 1,018,894Global Leader Fund ‘A’ 138,424 17,574 11,227 144,771High Dividend Equity Fund (EUR) ‘A’ 0 880,829 61,100 819,730India Equity Fund ‘A’ 0 2,299,502 625,768 1,673,733India Equity Fund ‘B’ 0 309,306 57,715 251,591Industrials Fund ‘A’ 220,099 1,561,592 48,410 1,733,280Information Technology Fund ‘A’ 1,742,533 5,565,098 346,076 6,961,555Information Technology Fund ‘D’ 16,038 23,427 10,340 29,125Japan Equity Fund ‘A’ 5,488,184 1,526,432 1,495,267 5,519,349Japan Equity Fund ‘D’ 108,695 481,434 223,201 366,927Latin America Equity Fund ‘A’ 3,119,353 1,118,043 1,477,212 2,760,185Latin America Equity Fund ‘D’ 67,951 77,049 65,330 79,670Latin America Equity Fund ‘I’ 2,938,018 1,205,911 33,563 4,110,366Materials Fund ‘A’ 89,743 904,954 19,003 975,694Netherlands Equity Fund ‘A’ 1,092,867 275,965 152,845 1,215,987Nordic Fund ‘A’ 51,765 1,072 5,120 47,717Pharma Fund ‘A’ 2,293,511 4,164,566 668,927 5,789,150Pharma Fund ‘D’ 58,434 209,101 66,345 201,190Russia Equity Fund ‘A’ 116,496 299,682 143,231 272,947Russia Equity Fund ‘D’ 1,212 199,416 34,427 166,201Small Companies Europe Equity Fund ‘A’ 661,504 4,042,774 1,003,235 3,701,043Small Companies Europe Equity Fund ‘D’ 11,278 30,756 4,168 37,866Small Companies Europe Equity Fund ‘I’ 604,779 0 604,779 0Socially Responsible Equity Fund ‘A’ 130,649 1,194,069 117,519 1,207,200Switzerland Equity Fund ‘A’ 339,413 5,772 48,532 296,653Telecommunication Services Fund ‘A’ 129,123 1,135,489 66,335 1,198,278US Equity Growth Fund ‘A’ 2,753,429 4,288,187 687,096 6,354,520US Equity Growth Fund ‘B’ 0 20 0 20US Equity Growth Fund ‘D’ 43,582 148,118 75,043 116,658US Equity Value Fund ‘A’ 70,062 10,832 15,619 65,275US Equity Value Fund ‘D’ 10,200 21,866 1,838 30,228US Opportunities Fund ‘A’ 148,658 95,439 11,920 232,177US Opportunities Fund ‘D’ 20 24,751 2,503 22,268Utilities Fund ‘A’ 68,589 916,652 25,265 959,976Utilities Fund ‘B’ 0 860,256 9,011 851,2452001 Euro Bond Fund ‘A’ 2,649,949 3,277,814 381,409 5,546,354Absolute Return Bond Fund (Euro) ‘A’ 1,465,838 4,301,639 577,143 5,190,335Absolute Return Bond Fund (Euro) ‘I’ 300,000 156,543 300,020 156,523Asia Bond Fund ‘A’ 189,945 75,641 70,222 195,364Asia Bond Fund ‘B’ 20 9,557 16 9,561Czech Crown Bond Fund ‘A’ 1,236,169 450,753 222,161 1,464,761Denmark Bond Fund ‘A’ 619,435 112,921 114,559 617,797Euro Bond Fund ‘A’ 7,449,677 1,905,443 2,498,941 6,856,179Euro Bond Fund ‘B’ 621,325 829,189 125,744 1,324,770Euro Credit Bond Fund ‘A’ 1,658,239 79,726 233,811 1,504,154Euro Credit Bond Fund ‘B’ 0 6,656,323 590,073 6,066,250Euro Government Bond Fund ‘A’ 59,923 24,179 14,946 69,156Euro Government Bond Fund ‘B’ 0 4,970,195 520,238 4,449,957The accompanying notes to the financial statements form an integral part of these financial statements.109