INVESCO Leveraged High Yield Fund                       

HEADLINE: Net Asset Values

The unaudited Net Asset Value per share as at the close of business on 31
December 2003 for INVESCO Leveraged High Yield Fund.

                                                      NAV per share   
                                                                      
INVESCO Leveraged High Yield Fund                         24.58p      

for and on behalf of

R&H Fund Services (Jersey) Limited

5 January 2004



END