FUTURE GENERATION AUSTRALIA LIMITED — Director's Dealing 2002

Nov 26, 2002

Melbourne Level 15, 90 Collins Street Melbourne VIc. 3000 Australia Telephone 61 3 9654 4477 Facsimile 61 3 9650 6555

Sydney

Level 23, Gold Fields House 1 Alfred Street Sydney NSW, 2000 Australia Telephone 61 2 9251 4220 Facsimile 61 2 9251 7709 Website www.hfm.com.au

AUSTRALIAN STOCK EXCHANGE

AIX000421

FACSIMILE

TO:	Australian Stock Exchange Limited Company Announcements Office 10 th Floor, 20 Bond Street Sydney NSW 2000
FAX NO:	1300 300 021
FROM:	Jim Hallam, Company Secretary
DATE:	27 November 2002
PAGES:	З

AUSTRALIAN INFRASTRUCTURE FUND (ASX CODE AIX)

ANNOUNCEMENT HEADING:

APPENDIX 3X - INITIAL DIRECTOR'S INTEREST NOTICE

Please find enclosed Appendix 3X form in accordance with Listing Rule 3.19A.

For further enquiries, please contact:
Jim Hallam
Company Secretary
Australian Infrastructure Fund
Tel:	(03) 9654 4477
Fax:	$(03)$ 9650 6555
E-mail:	aif@hfm.com.au
Website:	ausinfrastrücture.com.au

Jim Hallam Company Secretary Australian Infrastructure Fund

Rule 3 19A 1

Appendix 3X

Initial Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

	Name of entity: Australian Infrastructure Fund Limited
ABN: 97 063 935 553

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Ross Dunning
Date of appointment	22 November 2002

Part 1 - Director's relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Number & class of securities

Nil

• See chapter 19 for defined terms.

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Appendix 3X Initial Director's Interest Notice

Part 2 – Director's relevant interests in securities of which the director is not the

registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder $\&$ nature of Number $\&$ class of Securities interest
Note: Provide details of the circumstances giving rise to the relevant interest.
Nil

Part 3 - Director's interests in contracts

Note in the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract
Nature of interest
Name of registered holder (if issued securities)
No. and class of securities to which interest relates

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