RNS Number:6777E
Defined Capital Return Fund Ltd
01 November 2004


                    THE DEFINED CAPITAL RETURN FUND LIMITED
                       LAUNCH OF THE COMPANY CONFIRMED

Following the Second Extraordinary General Meetings of Jupiter Enhanced Income
Investment Trust PLC Jupiter Split Trust PLC and Jupiter Financial Trust PLC
held on 1 November 2004, and Second Scottish National Trust PLC held on 29th
October 2004, The Defined Capital Return Fund Limited (the "Company") is being
launched.

The Company has issued 28 million ordinary shares at 100p each which includes
48,200 shares issued under the offer for subscription. The Defined Capital
Return which was determined on the Fixing Date is 136.49p which equates to a
gross redemption yield of 6.42 per cent per annum

Terms defined in the Prospectus dated 14 September 2004 bear the same meanings 
when used in this announcement.

Enquiries:

Jupiter Asset Management Limited
Richard Pavry                                           020 7314 4822

UBS Limited
Will Rogers                                             020 7567 8000
Charlie Ricketts
Chris Lunn
Phil Higgs
Camilla Du Boulay

HSBC
Jonathan Maxwell                                        020 7991 8888
Mark Bloomfield


                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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