RNS Number:0747R
M&G High Income Inv Tst PLC
20 October 2003





20 October 2003

M&G High Income Investment Trust P.L.C.

Policy on investing in other investment companies

The Board of M&G High Income Investment Trust P.L.C. notes the publication of
the Investment Entities (Listing Rules and Conduct of Business) Instrument 2003
and announces that it is the Company's policy to invest no more than 15% of its
gross assets in other listed investment companies (including listed investment
trusts).

The Board also announces that the Company will continue with its policy of not
investing in other split capital investment companies (including investment
trusts).



J.P. McClelland

Secretary


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