RNS Number:8618T
BFS Managed Properties Ltd
05 January 2004


Disclosure requirement re: UKLA Listing Rule 21.20l(i)


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 31st December 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 Financial & Income   Ordinary                 
Gartmore Distribution Trust             Ordinary                 
Investec High Income                    Ordinary                 
LeggMason Investors Income & Growth     Redeemable Preference    
Progressive Geared Income Trust         Ordinary                 
Morley Absolute Growth                  Zero Dividend Preference 
US Growth & Income                      Ordinary                 

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

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