Gartmore Distribution Trust PLC and                      

                              GDT Securities PLC                               

                             (together the Group)                              

Holdings at 30th November 2003 in companies that do not have policies to invest
                   not more than 15% in investment companies                   

At 30th November 2003 the Group held the following investments: -

Gartmore Absolute Growth & Income Trust Ords

Monthly High Income Ords

Gartmore Balanced Assets Trust Ords

BFS UK Dual Return Incs & Geared Units

Investec High Income Ords

Blue Chip Value & Income Ords & Warrants

Investment Trust of Investment Trusts Preferred Income

Morley Absolute Growth Ords

The aggregate value of the investments listed above represents less than 18% of
the Group's Gross Assets.

Gartmore Investment Limited

2nd December 2003



END