61: 8 .

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First Trust/Aberdeen Global Opportunity Income Fund Declares Monthly Dividend Distribution of $0.13 Per Share

The fund will be available to qualified retirement plans, marking a
first for the defined contribution industry. Units in the LASSO
Fund will be tradable through the NSCC's Fund/SERV system. The LASSO
Fund is currently available through Schwab Trust Company and will
become available through other trading platforms in 2005.

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ftportfolios. Lake Partners is a Greenwich, Connecticut investment advisory
firm that specializes in hedge funds and has teamed with Newport to
offer the strategy to qualified plan participants.com

About Lake Partners, Inc. For more information,
visit www .seic.

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"Having
analyzed hedge funds and mutual funds throughout our history, Lake
Partners launched our LASSO Long and Short Strategic Opportunities
program at the end of 1998.

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The Fund seeks to achieve its investment
objective by investing in the world bond markets through a diversified
portfolio of investment grade and below-investment grade government
and corporate debt securities.

Hedged Mutual Fund Strategies Now Available to 401 -K- Plan Participants

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S.S.
Through its innovative and customized solutions, Newport is uniquely
positioned to satisfy the distinct financial needs of employers and
employees, and has done so for hundreds of the country's largest and
best-known companies. For more information, visit
www. As of the period ending December 31, 2004,
through subsidiaries and partnerships in which it has a significant
interest, SEI administers over $288 billion in mutual fund and pooled
assets, manages over $120 billion in assets, and operates 22 offices
in 12 countries.

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----First Trust/Aberdeen
Global Opportunity Income Fund (the "Fund") (NYSE:FAM) today declared
the Fund's monthly distribution, payable on May 16, 2005 to
shareholders of record as of May 5, 2005. Aberdeen is a wholly owned subsidiary of Aberdeen Asset
Management PLC which is the parent company of an asset management
group managing approximately $46 billion of assets, including
approximately $8 billion in global fixed-income securities, for a
range of pension funds, financial institutions, investment trusts,
unit trusts, offshore funds, charities and private clients.S.S.

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Business Editors

LISLE, Ill.

First Trust/Aberdeen Global Opportunity Income Fund (FAM):
----------------------------------------------------------
Distribution per share: $0.
Non-investment grade debt issues are considered speculative with
respect to the issuer's ability to pay interest and repay principal
which may result in a reduction of the Fund's NAV.

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, Europe, and Japan, and were among the industry
leaders invited to present at the SEC's national Hedge Fund
Roundtable.

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13
Distribution Rate based on the April 19, 2005 NAV of
$18.

Newport is an Orlando, Florida based provider of non-qualified
executive deferred compensation plans and qualified 401(k) retirement
plans.

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Principal Risk Factors: Investment in this Fund involves
investment and market risk, management risk, non-investment grade
securities risk, fixed-income securities risk, U.com or by
calling 1-800-988-5891.
"Now that hedge fund strategies have become so well-accepted, we
think it's the right time to bring them into mainstream retirement
investing," said Mendel Melzer, Newport's Chief Investment Officer. The firm's reference work on hedge funds, Evaluating and
Implementing Hedge Fund Strategies, published by Euromoney
Institutional Investor, is in its 3rd edition.

fiduciary lowtax

Business Editors/Financial Editors

ORLANDO, Fla. The company's innovative solutions help corporations,
financial institutions, financial advisors, and affluent families
create and manage wealth.

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04 9.
Shares, when sold, may be worth more or less than their original cost.

Founded in 1989 , Lake Partners is a registered investment adviser
with 16 years of experience analyzing both hedge funds and mutual
funds.

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The Fund's daily closing price and net asset value per share as
well as other information can be found at www.

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and non-U. We believe retirement plan
participants should also have access to a conservative, diversified
long-short approach, and The LASSO Fund provides this strategy as part
of the investment offerings within qualified retirement plans. For more information , visit www.com

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("Aberdeen") is the Fund's
sub-adviser.
Past performance is no assurance of future results. Investment in
foreign government debt may include bonds issued by countries
considered to be emerging markets which may affect the volatility of
the Fund's NAV.lakevest.

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"An increasing number of mutual funds incorporate hedge fund
techniques," notes Lake Partners Co-Chairman Rick Lake .newportgroup.

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S.com

About SEI

SEI Trust Company is a Pennsylvania chartered trust company wholly
owned by SEI Investments.

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"Historically, investing in hedge funds has been limited to
institutions and wealthy individuals."
Melzer noted that units in the LASSO Fund may be purchased by
participant -directed defined contribution plans that are valued daily,
as well as defined benefit pension plans and governmental plans that
may incorporate the LASSO Fund in their portfolios.

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acts as the Fund 's investment advisor
and currently manages or supervises approximately $17 billion in
assets.

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The ex-dividend date is
expected to be May 3, 2005. and non-U. The strategy combines a number of these
hedged mutual funds, and applies Lake's expertise and experience in
hedge funds to the growing universe of hedged mutual funds. SEI Investments (Nasdaq: SEIC) is a leading
global provider of asset management and investment technology
solutions.

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The monthly dividend information for the
Fund appears below.
interest rate risk, U.----Lake Partners and
The Newport Group jointly announced today the launch of a collective
investment fund comprised entirely of registered hedged mutual funds . This multi-manager investment program is managed with
the goal of producing absolute returns with less volatility than is
typical of the market (although there can be no assurance that the
program will meet its stated objectives and, as with all securities
investing, there is the risk of loss ). The program utilizes a
carefully selected group of mutual funds that primarily invest long
and short in equities or use hedging strategies. Lake's principals have spoken and published on hedge fund
topics in the U.

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38%
Distribution Rate based on the April 19, 2005 market price
of $17.
First Trust Advisors L. Investment
return and market value of an investment in the Fund will fluctuate ."
The LASSO Fund is a bank collective trust under the trusteeship of
SEI Trust Company which combines alternative investment strategies
with the features of daily-valued unitized commingled funds such as
mutual funds.

multiservices ocra

15%

The Fund is a closed-end management investment company that seeks
to provide a high level of current income and, to a lesser extent,
capital appreciation.P.
Aberdeen Asset Management Inc. government securities risk,
country risk, currency risk, leverage risk, market discount risk,
portfolio turnover risk, and illiquid/restricted securities risk. SEI Trust
Company --a Pennsylvania chartered trust company wholly owned by SEI
Investments (Nasdaq: SEIC) of Oaks, Pennsylvania --will act as trustee
for The LASSO Fund.

About The Newport Group

Founded in 1984, The Newport Group is a leading retirement
services and asset management firm--specializing in the creative
design, funding, and administration of qualified and non-qualified
retirement plans as well as co-fiduciary investment advisory services.