Enerplus Resources Fund (Enerplus) is an open-end investment trust. As of December 31, 2008, the Fund’s assets consisted of securities issued by its direct wholly owned subsidiaries, and 95%, 99% and 99% royalties on the crude oil and natural gas property interests of EnerMark Inc., Enerplus Resources Corporation (ERC) and Enerplus Oil & Gas Ltd. (Enerplus Oil & Gas), respectively. As of December 31, 2008, the Fund’s material Operating Subsidiaries were EnerMark, ERC, Enerplus Commercial Trust (ECT), means Enerplus Resources (USA) Corporation (Enerplus USA) and FET Operating Partnership. On February 13, 2008, the Fund completed its acquisition of Focus Energy Trust (Focus). On July 31, 2008, Enerplus completed the sale of its 15% working interest in the Joslyn oil sands lease to Occidental Petroleum Corporation.