RNS Number:7813S
BFS Managed Properties Ltd
02 December 2003

BFS Managed Properties Ltd (the "Company") 

In accordance with UKLA Listing Rule 21.20l(i), the following list represents
the Company's investments, as at 30th November 2003, in other UK listed
investment companies (including investment trusts) which themselves do not have
a stated investment policy to invest no more than 15% of their gross assets in
other UK listed investment companies (including investment trusts):

                                                                                           
Name of company                       Class of Share           

BFS Absolute Return Trust             Income                   
BFS Absolute Return Trust             Units                    
Britannic UK Income                   Ordinary                 
Britannic Global Income               Ordinary                 
Edinburgh Leveraged Income            Ordinary                 
Edinburgh Leveraged Income            Convertible Income       
Framlington Global Finance & Income   Ordinary                 
Gartmore Absolute Growth & Income     Ordinary Income          
Gartmore Distribution Trust           Ordinary                 
Investec High Income                  Ordinary                 
LeggMason Investors American Assets   Ordinary                 
LeggMason Investors Income & Growth   Redeemable Preference    
Progressive Geared Income Trust       Ordinary                 
Morley Absolute Growth                Zero Dividend Preference 
US Growth & Income                    Ordinary                 
                     

 
END  


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

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