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First Trust/Four Corners Senior Floating Rate Income Fund
Declares Monthly Common Share Distribution for January of $0.1223 Per Share
First Trust Advisors LP

Lisle, IL, December 18, 2006--First Trust/Four Corners Senior Floating Rate Income Fund (the "Fund") (AMEX: FCM) has declared the Fund's regularly scheduled monthly common share distribution, payable on January 16, 2007 to shareholders of record on December 29, 2006. The ex-dividend date is expected to be December 27, 2006. The monthly distribution information for the Fund appears below.

First Trust/Four Corners Senior Floating Rate Income Fund (FCM)
Distribution per share	$0.1223
Distribution Rate based on the December 15, 2006 NAV of $18.70	7.85%
Distribution Rate based on the December 15, 2006 closing market price of $18.21	8.06%

The majority, and possibly all, of this distribution will be paid out of net investment income earned by the Fund. A portion of this distribution may come from net short-term realized capital gains or return of capital. The final determination of the source and tax status of all 2006 distributions will be made after the end of 2006.

The Fund is a diversified, closed-end management investment company. The Fund's primary investment objective is to seek a high level of current income. As a secondary objective, the Fund will attempt to preserve capital. The Fund pursues these investment objectives by investing in senior secured U.S. dollar-denominated floating-rate corporate loans.

First Trust Advisors L.P. acts as the Fund’s investment advisor and currently manages or supervises approximately $28 billion in assets.

Four Corners Capital Management, LLC (“Four Corners”) structures and manages a variety of alternative fixed income products with a specialization in senior secured floating-rate corporate loans. Four Corners serves as investment manager or sub-adviser to approximately $3.6 Billion in assets across a variety of retail and institutional products distributed around the globe.

View more information on First Trust Advisors, LP or other Closed-End Funds.