FVL First Trust Value Line 100 Exchange Traded Fund

The First Trust Value Line� 100 Fund (AMEX:FVL) today announced a long-term capital gain distribution of $1.053 per share. The distributions will be payable on December 29, 2006 to shareholders of record on December 22, 2006, with an expected ex-dividend date of December 20, 2006. The final determination of the source and tax status of all distributions paid in 2006 will be made after the end of 2006. The Fund is a closed-end management investment company designed to provide capital appreciation that outperforms the S&P 500 Index. The Fund seeks to accomplish this objective by adhering to a disciplined strategy of investing in a diversified portfolio of the 100 common stocks ranked #1 in Value Line�s� Timeliness� Ranking System. First Trust Advisors L.P. acts as the fund�s investment advisor and currently manages or supervises approximately $28 billion in assets. Past performance is no assurance of future results. Investment return and market value of an investment in the Fund will fluctuate. Shares, when sold, may be worth more or less than their original cost. Principal Risk Factors: The Fund invests principally in equity securities and the Fund�s NAV will fluctuate with changes in the value of the fund�s holdings. The types of stocks that are selected through application of the Fund�s investment strategy can be expected to change over time. Particular risks may be elevated during periods in which the Fund�s investment strategy dictates higher levels of investment in particular types of stocks. The Fund's daily American Stock Exchange closing price and daily net asset value, as well as other information is available at www.ftportfolios.com or by calling 1-800-988-5891.