Key features and benefits

Investment returns in a sideways market - The Alpha Results Income strategy provides a fixed income over 18 months regardless of market movements with monthly liquidity and is suited to investors who feel the basket of shares will trade sideways over the 18 months.

Choose from one of two blue chip portfolios

Income Strategy (up to 14.75%)* provides a fixed income of up to 14.75%pa paid monthly irrespective of the performance of shares in the portfolio.

Conditional capital protection provides investors with a return of capital (income strategy) or capital plus growth (growth strategy) provided the worst performing share does not fall by more than 40%.

Falls by more than 40% means that at maturity your return is linked to the worst performing share. ie if worst performing share falls by more than 40% then rises to 95% of starting value, $1 invested, Income Strategy would retun $0.95 in addition to income received, Growth Strategy would return $0.95 with no growth.

Important Information
* Returns are current indicative rates only (28/01/11), Actual Income Return rates are set on date of issue.

2 Conditional capital protection - Conditional Capital Protection only applies to Investments held until maturity. Conditional Capital Protection safeguards Alpha Results from market risks but is subject to the credit worthiness of Deutsche Managed Investments Limited.

In the event that a share within the Portfolio falls more than 40%, conditional capital protection no longer applies and performance becomes linked to the lowest price Reference Asset (share) price. Investors should be aware that their exposure is not based on the average performance of the Portfolio and therefore negative performance of one Reference Asset is not offset by the positive performance of other Reference Assets within that portfolio.

3 Investors should note that the risks associated with each Reference Asset Portfolio are different. The Reference Assets that compromise each Portfolio do not carry the same degree of risk and as such, investors should assess whether the risks associated with each Portfolio are appropriate to their own needs.