<div>

<table cellspacing="0" rules="all" border="1" id="gvexcel" style="border-

collapse:collapse;">
<tr>
<th scope="col">Fund Name</th><th scope="col">NAV Date</th><th
scope="col">NAV</th>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>03/01/2011</td><td>9.5238</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>04/01/2011</td><td>9.5446</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>05/01/2011</td><td>9.4517</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>06/01/2011</td><td>9.3898</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>07/01/2011</td><td>9.2154</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>10/01/2011</td><td>8.9915</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>11/01/2011</td><td>8.9545</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>12/01/2011</td><td>9.0605</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>13/01/2011</td><td>8.9984</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>14/01/2011</td><td>8.8841</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>17/01/2011</td><td>8.8243</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>18/01/2011</td><td>8.8406</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>19/01/2011</td><td>8.8036</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>20/01/2011</td><td>8.7847</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>21/01/2011</td><td>8.7876</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>24/01/2011</td><td>8.8503</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>25/01/2011</td><td>8.8779</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>27/01/2011</td><td>8.7470</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>28/01/2011</td><td>8.5693</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>31/01/2011</td><td>8.5442</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>01/02/2011</td><td>8.4043</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>02/02/2011</td><td>8.3828</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>03/02/2011</td><td>8.5400</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>04/02/2011</td><td>8.4200</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>07/02/2011</td><td>8.4228</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>08/02/2011</td><td>8.2797</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>09/02/2011</td><td>8.0516</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>10/02/2011</td><td>8.0313</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>11/02/2011</td><td>8.1288</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>14/02/2011</td><td>8.4224</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>15/02/2011</td><td>8.3688</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>16/02/2011</td><td>8.4072</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>17/02/2011</td><td>8.4863</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>18/02/2011</td><td>8.3545</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>21/02/2011</td><td>8.3964</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>22/02/2011</td><td>8.2923</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>23/02/2011</td><td>8.2280</td>
</tr><tr>
 <td>AIP - Infrastructure
Fund</td><td>24/02/2011</td><td>8.0188</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>25/02/2011</td><td>8.0461</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>28/02/2011</td><td>8.0391</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>01/03/2011</td><td>8.2575</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>03/03/2011</td><td>8.2901</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>04/03/2011</td><td>8.2245</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>07/03/2011</td><td>8.1255</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>08/03/2011</td><td>8.1703</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>09/03/2011</td><td>8.1982</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>10/03/2011</td><td>8.1743</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>11/03/2011</td><td>8.0782</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>14/03/2011</td><td>8.1602</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>15/03/2011</td><td>8.0026</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>16/03/2011</td><td>8.0961</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>17/03/2011</td><td>8.0708</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>18/03/2011</td><td>8.0270</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>21/03/2011</td><td>8.0237</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>22/03/2011</td><td>8.1064</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>23/03/2011</td><td>8.1923</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>24/03/2011</td><td>8.2639</td>
 </tr><tr>
<td>AIP - Infrastructure
Fund</td><td>25/03/2011</td><td>8.4202</td>
</tr><tr>
<td>AIP - Infrastructure
Fund</td><td>28/03/2011</td><td>8.4426</td>
</tr>
</table>
</div>