THE ALBANIAN-AMERICAN ENTERPRISE FUND (AAEF OR THE FUND) IS A PRIVATE INVESTMENT FUND ESTABLISHED TO ASSIST ALBANIA IN ITS TRANSITION TO A MARKET ECONOMY. TO ACCOMPLISH THIS, THE AAEF WILL INVEST IN A WIDE ARRAY OF PRIVATE ENTERPRISES, DISSEMINATE WESTERN BUSINESS KNOW-HOW, AND WHEN APPROPRIATE, PROPOSE CHANGES TO GOVERNMENT POLICIES AFFECTING BUSINESS. MOREOVER, IT IS THE FUNDS INTENT TO DEMONSTRATE TO OTHER POTENTIAL INVESTORS THAT INVESTMENT IN ALBANIA CAN BE SUCCESSFUL AND PROFITABLE. THE FUND STRIVES TO BE A CATALYST FOR ADDITIONAL PRIVATE INVESTMENT IN ALBANIA.AAEF IS A NONSTOCK NONPROFIT CORPORATION ESTABLISHED PURSUANT TO THE SUPPORT FOR EAST EUROPEAN DEMOCRACY ACT OF 1989 FOR THE PRIMARY PURPOSE OF PROMOTING THE PRIVATE SECTOR DEVELOPMENT IN ALBANIA AND POLICIES AND PRACTICES CONDUCTIVE TO SUCH DEVELOPMENT. THE FUND IS CAPITALIZED BY A GRANT AGREEMENT WITH THE US AGENCY FOR INTERNATIONAL DEVELOPMENT (USAID).