(WASHINGTON, DC,September 22, 2006) Fiduciary Counselors Inc., the independent fiduciary of the Trust Advisors Stable Value Plus Fund (the "Fund"), announced today that the Fund has received over $13 million pursuant to agreements the Fund and the Department of Labor previously reached with former fiduciaries of the Fund. As a result of the settlements, investors will be repaid in full, with a modest amount of interest.

         The settlement included $8.8 million in cash and $4.6 million for the Fund’s illiquid interest in Milestone Plus Partners, LLC. Milestone was illiquid because it had invested all its assets in Beacon Hill Master LTD, which now is in receivership proceedings in the Cayman Islands.

         The receipt of these settlement proceeds will enable the Fund to make a second round of distributions in late September or early October to the more than 1,400 investing pension plans in the Fund. With this second round of distributions, investing plans and their participants will have access to about 101.7% of their pre-bankruptcy account balances. Investors with pre-bankruptcy account balances of $3,000 or less received 101.9% of those balances in the first round in full satisfaction of their accounts. The Fund plans to liquidate in 2007, at which time the remaining investors are expected to receive a small additional distribution.

         The settlements resolve issues attributable to the apparent mismanagement of the Fund while Circle Trust Company (CTC) was trustee of the Fund. CTC was put into receivership on September 30, 2005, and Connecticut State Banking Commissioner John P.  Burke was named as receiver. On the same day, the Fund filed for bankruptcy and the Department of Labor sued CTC under ERISA for its mismanagement of the Fund. At the time of the bankruptcy, the Fund’s assets were not sufficient to pay investors in full. The settlements resolve the claims that the DOL had asserted regarding CTC, as well as issues relating to other former fiduciaries. In addition to the cash payments, the settlements give the Fund an allowed priority claim in the CTC receivership proceeding and provide for withdrawal of claims filed in the Fund’s bankruptcy by CTC and other former fiduciaries.

         “On behalf of the Fund’s investing plans and their participants, we would like to give special thanks to Kelly Lawson, Michael Felsen, David Whelton, Frank Ceraso and their colleagues at the Department of Labor in Boston for their tremendous efforts,” said Nell Hennessy, President and CEO of Fiduciary Counselors. “Their work, along with the assistance provided by the Fund's Creditors Committee, made possible a settlement that allows plans to recover their full investments plus some interest. We also appreciate the efforts of Maria Walsh of JAMS, whose mediation skills were crucial to reaching the settlement.”
 
         For more information concerning the Trust Advisors Stable Value Plus Fund, go to www.fiduciarycounselors.com/stablevalue.htm.