GTB Gartmore Bal.

    Gartmore Balanced Assets Trust PLC

The Company announces that today it has repaid �2,000,000 of its loan facility,
together with associated loan and swap breakage costs of �123.90 to the Royal
Bank of Scotland using liquid assets held by the Company. The Company now has
outstanding borrowings of �4,700,000.

Enquiries

Ian Beveridge - Gartmore 020 7782 2000

20 October 2004



END

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