Victoria Bay Asset Management, LLC
and the American Stock Exchange(R) (Amex(R)) announced today the launch of
the United States Natural Gas Fund, LP (UNG), an exchange traded security
based on natural gas, which will list on the Amex under the ticker "UNG."
 
The investment objective of UNG is to have the changes in percentage
terms of the unit's net asset value reflect the changes in percentage terms
of the price of natural gas delivered at the Henry Hub, Louisiana, as
measured by the changes in the price of the futures contract on natural
gas. It is not the intent of UNG to be operated in a fashion such that its
NAV will equal, in dollar terms, the dollar price of spot natural gas or
any particular futures contract based on natural gas.
  
UNG intends to invest primarily in those futures contracts that are in
the two months closest to expiration because we feel those contracts will
permit the fund to best achieve its investment objective," said John
Hyland, CFA, Portfolio Manager and Director of Portfolio Research. The
partnership does not seek to use leverage in the portfolio to achieve its
investment goals.