Enerplus Announces Cash Distribution for January 2011

CALGARY, Dec. 20 /CNW/ -- 
CALGARY, Dec. 20 /CNW/ - Enerplus Resources Fund (the "Fund") (TSX -
 ERF.un, NYSE - ERF) is pleased to announce that a cash distribution in
 the amount of CDN$0.18 per unit will be payable on January 20, 2011 to
 all Unitholders of record on December 31, 2010. The ex-distribution
 date for this payment is December 29, 2010.


The CDN$0.18 per unit distribution is equivalent to approximately
 US$0.18 per unit if converted using a Canadian/US dollar exchange ratio
 of 1.01. The U.S. dollar equivalent distribution will be based upon the
 actual Canadian/US exchange rate applied on the payment date and will
 be net of any Canadian withholding taxes that may apply.


Holders of Enerplus Exchangeable Limited Partnership Class B units of
 record on December 31, 2010 will be eligible to receive a distribution
 of CDN$0.0765 per unit on January 20, 2011 based on the exchange ratio
 of 0.425 of a Fund trust unit for each Enerplus Exchangeable Limited
 Partnership Class B unit.


Earlier this month, the Fund received both Unitholder and court approval
 to convert from an income trust to a corporation named Enerplus
 Corporation, pursuant to a plan of arrangement under the Business
 Corporations Act (Alberta) and related transactions. The corporate
 conversion is expected to be completed on January 1, 2011. The
 distribution payable on January 20, 2011 will be the last cash
 distribution paid by the Fund to all trust Unitholders and holders of
 exchangeable partnership units. The first dividend to all Enerplus
 shareholders of record on February 10, 2011 is expected to be paid on
 February 20, 2011.


Electronic copies of our financial statements, press releases, and other
 public information are available on our website at www.enerplus.com.





Gordon J. Kerr
President & Chief Executive Officer
Enerplus Resources Fund


Except for the historical and present factual information contained
 herein, the matters set forth in this news release, including words
 such as "expects", "projects", "plans" and similar expressions, are
 forward-looking information that represents management of Enerplus'
 internal projections, expectations or beliefs concerning, among other
 things, future operating results and various components thereof or the
 economic performance of Enerplus. The projections, estimates and
 beliefs contained in such forward-looking statements necessarily
 involve known and unknown risks and uncertainties, which may cause
 Enerplus' actual performance and financial results in future periods to
 differ materially from any projections of future performance or results
 expressed or implied by such forward-looking statements. These risks
 and uncertainties include, among other things, those described in
 Enerplus' filings with the Canadian and U.S. securities authorities.
 Accordingly, holders of Enerplus Trust Units and potential investors
 are cautioned that events or circumstances could cause results to
 differ materially from those predicted.


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