GOVETT EUROPEAN ENHANCED INVESTMENT TRUST PLC             
NAV PER SHARE                 As at 12-Dec-03             
excluding undistributed                                   
current year revenue                                      
GOVETT EUROPEAN ENHANCED      Ordinary shares       0.9p  
INVESTMENT TRUST                                          
GOVETT EUROPEAN SECURITIES    Zero Dividend         123.8p
PLC                           Preference shares           
CONSOLIDATED TOTAL ASSETS                           �     
                                                    44.16m



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