Managed Treasury Fund

1 March 2010

On 8 February 2010, Standard & Poor’s (Australia) announced the company had been granted a wholesale Australian Financial Services licence, enabling Standard & Poor’s to continue to provide credit ratings to institutional and other wholesale investors from 1 January 2010.

Consequently, under ‘Fund rating’ information in the Managed Treasury PDS, the statement “Standard & Poor’s does not hold an Australian financial services licence under the Corporations Act” is deleted.

All funds

30 July 2009: Communication by fax

When you communicate with us by fax, it is your responsibility to obtain confirmation from us that we have received your fax. We are not responsible for any loss or processing delay that occurs as a result of us not receiving a faxed communication. Please note that we do not accept a sender's fax transmission record as evidence that a communication has been received by us. You also indemnify us against any loss or liability arising from us acting on any fraudulent communication received by fax.

AMP Capital Core Plus Strategies Fund (formerly the Core Plus Strategies Fund)

27 January 2010: Change of fund name

Effective 27 January 2010, the name of the Core Plus Strategies Fund was changed to the AMP Capital Core Plus Strategies Fund.

Future Directions Geared Australian Share Fund

9 October 2009: Wholesale APIR code

Effective 9 October 2009, APIR code AMP0968AU no longer applies to the fund's wholesale unit class.

AMP Capital Corporate Bond Fund

9 October 2009: Wholesale APIR code

Effective 9 October 2009, APIR code AMP0263AU no longer applies to the fund's wholesale unit class.

AMP Capital Core Property Fund

16 February 2010: Change of underlying fund name

Effective 2 December 2009, due to Blackrock’s acquisition of Barclays Global Investors, the name of one of the underlying funds in which the AMP Capital Core Property Fund invests changed from Barclays Australian Listed Property Index Fund to Blackrock Wholesale Indexed Australian Listed Property Fund.

6 October 2009: Supplementary PDSs

Supplementary PDSs for the Fund were issued on 2 October 2009.

Personal investors click here

Platform operators click here

Enhanced Index Share Fund

20 January 2010: Alternative forms of remuneration

We comply with the Investment and Financial Services Association and Financial Planning Association Joint Code of Practice on Alternative Forms of Remuneration, which requires us to maintain a register to record any material forms of alternative remuneration we may pay or receive. We will provide you with a copy of the register free of charge, on request.

10 July 2009: Complaints procedure

On page 8 of the PDS dated 5 January 2004, all 'Complaints' information including the heading, is deleted and replaced with:

Complaints procedure

Wholesale investors and platform operators

We have an established procedure to deal with any complaints. When we receive a complaint from you by telephone on 1800 658 404 or in writing to AMP Capital Investors Limited, GPO Box 5445, Sydney NSW 2001, we ensure an appropriate person properly considers the complaint, and we give you information about any further action available to you.

If we are unable to resolve your complaint within 24 hours, we will keep you informed, giving the time frame in which we expect to resolve the matter and the name of the representative managing the resolution of your complaint. We may also require additional information from you.

Indirect investors

You should contact your financial adviser or platform operator if you have a complaint related to your investment in the Fund. If your issue remains unresolved, you can contact the external dispute resolution scheme of which the platform operator is a member.

Listed Property Trusts Fund

20 January 2010: Alternative forms of remuneration

We comply with the Investment and Financial Services Association and Financial Planning Association Joint Code of Practice on Alternative Forms of Remuneration, which requires us to maintain a register to record any material forms of alternative remuneration we may pay or receive. We will provide you with a copy of the register free of charge, on request.

10 July 2009: Complaints procedure

On page 8 of the PDS dated 5 January 2004, all 'Complaints' information including the heading, is deleted and replaced with:

Complaints procedure

Wholesale investors and platform operators

We have an established procedure to deal with any complaints. When we receive a complaint from you by telephone on 1800 658 404 or in writing to AMP Capital Investors Limited, GPO Box 5445, Sydney NSW 2001, we ensure an appropriate person properly considers the complaint, and we give you information about any further action available to you.

If we are unable to resolve your complaint within 24 hours, we will keep you informed, giving the time frame in which we expect to resolve the matter and the name of the representative managing the resolution of your complaint. We may also require additional information from you.

Indirect investors

You should contact your financial adviser or platform operator if you have a complaint related to your investment in the Fund. If your issue remains unresolved, you can contact the external dispute resolution scheme of which the platform operator is a member.

Future Directions Core International Share Fund

9 October 2009: Wholesale APIR code

Effective 9 October 2009, APIR code AMP1075AU no longer applies to the fund's wholesale unit class.

8 July 2009: Cash held by the fund

The fund will normally invest up to 10% in cash. However, in certain market conditions the fund may hold higher levels of cash.

Future Directions Hedged Core International Share Fund

9 October 2009: Wholesale APIR code

Effective 9 October 2009, APIR code AMP1076AU no longer applies to the fund's wholesale unit class.

8 July 2009: Cash held by the fund

The fund will normally invest up to 10% in cash. However, in certain market conditions the fund may hold higher levels of cash.

Future Directions International Share Fund

8 July 2009: Cash held by the fund

The fund will normally invest up to 10% in cash. However, in certain market conditions the fund may hold higher levels of cash.

AMP Capital Core Infrastructure Fund

31 March 2008: Reinvestment of distributions

The issue price for reinvested distributions is determined by the net asset value (adjusted by any distribution payable) and the number of units on issue in the unit class as at the last day of the distribution period. No buy spread is applied to reinvested distributions.

AMP Capital Enhanced Yield Fund

16 February 2009

AMP Capital is currently not accepting applications for new or additional investments in the fund.

AMP Capital Equity Fund

20 January 2010: Alternative forms of remuneration

We comply with the Investment and Financial Services Association and Financial Planning Association Joint Code of Practice on Alternative Forms of Remuneration, which requires us to maintain a register to record any material forms of alternative remuneration we may pay or receive. We will provide you with a copy of the register free of charge, on request.

31 March 2008: Reinvestment of distributions

The issue price for reinvested distributions is determined by the net asset value (adjusted by any distribution payable) and the number of units on issue in the unit class as at the last day of the distribution period. No buy spread is applied to reinvested distributions.

Floating Rate Income Fund

12 June 2009: Change of underlying fund name

Effective from 12 June 2009, the name of the underlying fund in which Floating Rate Income Fund invests was changed from the Australian Corporate Bond Fund to the AMP Capital Corporate Bond Fund.

Future Directions Balanced Fund

27 October 2008: Strategic asset allocation range (cash)

The Future Directions Balanced Fund's strategic range for Australian fixed interest has changed from 10-35% to 0-35% (Table 1, page 12 of the Future Directions Diversified Funds PDS). The long term benchmark Australian fixed interest allocation of 10% has not changed.

Future Directions Moderately Conservative Fund

27 October 2008: Strategic asset allocation range (cash)

The Future Directions Moderately Conservative Fund's strategic range for cash has changed from 0-20% to 0-30% (Table 1, page 10 of the Future Directions Diversified Funds PDS). The long term benchmark cash allocation of 9% has not changed.

AMP Capital Global Property Securities Fund

20 January 2010: Alternative forms of remuneration

We comply with the Investment and Financial Services Association and Financial Planning Association Joint Code of Practice on Alternative Forms of Remuneration, which requires us to maintain a register to record any material forms of alternative remuneration we may pay or receive. We will provide you with a copy of the register free of charge, on request.

9 October 2009: Wholesale APIR code

Effective 9 October 2009, APIR code AMP0686AU no longer applies to the fund's wholesale unit class.

27 November 2008: Change of performance benchmark

On 27 November 2008 the Fund's performance benchmark changed from the UBS Global Real Estate Investors Index - AUD (Hedged TR) to the UBS Global Real Estate Investors Index - AUD (Hedged net TR).

Background

Benchmark returns for the Fund have been calculated using the UBS Global Real Estate Investors Index - AUD (Hedged net TR) since 30 September 2004, which is when this index became available. Prior to that date, the UBS Global Real Estate Investors Index - AUD (Hedged TR) was used. Prior to 27 November 2008, benchmark returns were provided gross of withholding tax, while performance for the AMP Capital Global Property Securities Fund has always been shown on a net basis. The net benchmark return now being provided is a more appropriate measure, as it provides investors with directly comparable performance for the Fund and the benchmark, resulting in greater accuracy of relative returns.

15 September 2008: Investment managers

Investment managers for the AMP Capital Global Property Securities Fund as at 15 September 2008 are as follows:

• AMP Capital Investors Limited in Australia and Asia
• AMP Capital Redding Investors (UK) in Europe
• Brookfield Redding, LLC in North America

31 March 2008: Reinvestment of distributions

The issue price for reinvested distributions is determined by the net asset value (adjusted by any distribution payable) and the number of units on issue in the unit class as at the last day of the distribution period. No buy spread is applied to reinvested distributions.

AMP Capital Australian Small Companies Fund (formerly the AMP Capital Small Companies Fund)

20 January 2010: Alternative forms of remuneration

We comply with the Investment and Financial Services Association and Financial Planning Association Joint Code of Practice on Alternative Forms of Remuneration, which requires us to maintain a register to record any material forms of alternative remuneration we may pay or receive. We will provide you with a copy of the register free of charge, on request.

31 March 2008: Reinvestment of distributions

The issue price for reinvested distributions is determined by the net asset value (adjusted by any distribution payable) and the number of units on issue in the unit class as at the last day of the distribution period. No buy spread is applied to reinvested distributions.

AMP Capital Structured High Yield Fund

16 February 2009

AMP Capital is currently not accepting applications for new or additional investments in the fund.

AMP Capital Sustainable Share Fund

20 January 2010: Alternative forms of remuneration

We comply with the Investment and Financial Services Association and Financial Planning Association Joint Code of Practice on Alternative Forms of Remuneration, which requires us to maintain a register to record any material forms of alternative remuneration we may pay or receive. We will provide you with a copy of the register free of charge, on request.

31 March 2008: Reinvestment of distributions

The issue price for reinvested distributions is determined by the net asset value (adjusted by any distribution payable) and the number of units on issue in the unit class as at the last day of the distribution period. No buy spread is applied to reinvested distributions.

AMP Capital Total Return Fund

12 October 2009: Update on Fund investment advisers and leverage levels

As a result of a recent strategic review of its capability, AMP Capital advise that Dorset Management (Dorset) will no longer act as primary investment adviser for the AMP Capital Total Return Fund (the Fund). Internal changes at Dorset recently culminated in the departure of four key personnel from the Dorset business. AMP Capital has decided to retain the services of these four individuals to continue in their roles as investment advisers to the Fund. This decision has been made to ensure there is no disruption to the inputs into the investment process of the Fund. It will also ensure that the key individuals who have advised the Fund recently can continue in that capacity.

It is AMP Capital’s intention to consistently monitor and review our advisory arrangements to ensure that the best interests of unitholders are being served.

In addition to this change, we also advise that the Fund will be operating with leverage levels lower than those outlined in the Product Disclosure Statement and potentially as low as zero. The investment strategy states that we typically expect the Fund to be leveraged by 1.5 to 2.5 times. However, it also indicates that in deciding the appropriate amount of leverage we will take into account the levels of risk and degree of diversification adopted by the underlying fund managers. On this basis we have decided that it is in the best interests of investors in the Fund to lower the level of leverage in the current economic climate. Should the leverage within the Fund return to normal levels, we will update investors of the change.

29 April 2008: Change of unit price calculation used for withdrawals

Under the 'Liquidity' section on page 18 of the AMP Capital Total Return Fund PDS dated 1 December 2007, immediately following the last sentence of paragraph three, insert the following:

From 29 April 2008, the unit price used to calculate your withdrawal value will generally be the price prevailing on the day we process your withdrawal (or part withdrawal) request, not the day you notify us of your intention to withdraw.

Under 'Withdrawal prices and payment times' section on page 58 of the Staff Investment Programme PDS dated 10 March 2008, the first paragraph is deleted and replaced with the following:

We normally determine the market value and net asset value of a fund at least each business day, using the market prices of the assets in which a fund is invested, other than for the AMP Capital Structured High Yield Fund, AMP Capital Core Infrastructure Fund, AMP Capital Total Return Fund and Future Directions Property (Feeder) Fund. For these funds, the unit price used to calculate your withdrawal value will generally be the price prevailing on the day we process your withdrawal (or part withdrawal) request, not the day you notify us of your intention to withdraw.

31 March 2008: Reinvestment of distributions

The issue price for reinvested distributions is determined by the net asset value (adjusted by any distribution payable) and the number of units on issue in the unit class as at the last day of the distribution period. No buy spread is applied to reinvested distributions.

Wholesale Australian Share Fund

20 January 2010: Alternative forms of remuneration

We comply with the Investment and Financial Services Association and Financial Planning Association Joint Code of Practice on Alternative Forms of Remuneration, which requires us to maintain a register to record any material forms of alternative remuneration we may pay or receive. We will provide you with a copy of the register free of charge, on request.

10 July 2009: Complaints procedure

On page 8 of the PDS dated 5 January 2004, all 'Complaints' information including the heading, is deleted and replaced with:

Complaints procedure

Wholesale investors and platform operators

We have an established procedure to deal with any complaints. When we receive a complaint from you by telephone on 1800 658 404 or in writing to AMP Capital Investors Limited, GPO Box 5445, Sydney NSW 2001, we ensure an appropriate person properly considers the complaint, and we give you information about any further action available to you.

If we are unable to resolve your complaint within 24 hours, we will keep you informed, giving the time frame in which we expect to resolve the matter and the name of the representative managing the resolution of your complaint. We may also require additional information from you.

Indirect investors

You should contact your financial adviser or platform operator if you have a complaint related to your investment in the Fund. If your issue remains unresolved, you can contact the external dispute resolution scheme of which the platform operator is a member.

24 April 2008: Change of distribution frequency

The distribution frequency for the Wholesale Australian Share Fund has been changed to half-yearly. This will align the Fund's distribution frequency with that of the two underlying funds in which the Fund invests.

Consequently, under 'Fund income - when and how?' on page 7 of the PDS dated 14th January 2008, the reference to quarterly is deleted and replaced with 'half-yearly'.