EXHIBIT 99.120
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                   ADVANTAGE ENERGY INCOME FUND - NEWS RELEASE

                                  MAY 19, 2004

                   ADVANTAGE FILES ITS ANNUAL INFORMATION FORM

                                  (TSX: AVN.UN)

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CALGARY, MAY 19, 2004 (TSX: AVN.UN) Advantage Energy Income Fund (the "Fund")
today filed its Annual Information Form which includes the Fund's reserves data
and other oil and gas information for the year ended December 31, 2003 as
mandated by National Instrument 51-101 Standards of Disclosure for Oil and Gas
Activities of the Canadian Securities Administrators. Copies of the Fund's
Annual Information Form may be obtained on WWW.SEDAR.COM.


For further information contact:

                            Mr. Gary F. Bourgeois, VP
                          Corporate Development Phone:
                                 (416) 945-6636
                            TOLL FREE: 1-866-393-0393

                          ADVANTAGE ENERGY INCOME FUND
                            3100, 150 - 6th Avenue SW
                             Calgary, AlbertaT2P 3Y7
                              Phone: (403) 261-8810
                               Fax: (403) 262-0723
                        Web Site: www.advantageincome.com
                      E-mail: advantage@advantageincome.com