GTB Gartmore Bal.

    SCHEDULE 10                                  
                                                                               
                   NOTIFICATION OF MAJOR INTERESTS IN SHARES                   

1) Name of company:
          Gartmore Balanced Assets Trust PLC

2) Name of shareholder having a major interest:
          Aberdeen Asset Management PLC

3) Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18:


          Convertible Income Trust Plc                      500,000       1.09%

St. Davids Investment Trust Plc                           6,500,000      14.17%

Edinburgh High Income Trust                               1,700,000       3.70%

                                                                  
---------       -----

                                                                  
8,700,000      18.96%

                                                                  
---------       -----  

           
4) Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them.


5) Number of shares/amount of stock acquired:

6) Percentage of issued class:


7) Number of shares/amount of stock disposed:

682,067

8) Percentage of issued class:

          1.49%

9) Class of security:

Ordinary 1p shares


10) Date of transaction:
          25 August 2004


11) Date company informed:

26 August 2004


12) Total holding following this notification:

8,700,000
              
 
13) Total percentage holding of issued class following this notification:
          18.96%

14) Any additional information:

15) Name of contact and telephone number for queries:

David Pearson   020-7782 2617

16) Name and signature of authorised company official responsible for making
this notification:

Gartmore Investment Limited


     Date of notification 26 August 2004



END

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