GARTMORE EUROPEAN INVESTMENT TRUST P.L.C.                   

In accordance with Listing Rule 21.20(l)(ii), Gartmore European Investment
Trust p.l.c. announces that at 31st December 2003 the ten largest investments
were as follows:

Company                                                 �'000     Percentage of
                                                                   Gross Assets
                                                                               
Novartis                                                6,939               3.2
                                                                               
Total                                                   6,583               3.0
                                                                               
Telefonica                                              5,987               2.8
                                                                               
Royal Dutch Petrol                                      5,830               2.7
                                                                               
Vivendi Universal                                       5,628               2.6
                                                                               
Nokia                                                   5,148               2.4
                                                                               
Eni                                                     4,908               2.3
                                                                               
Nestle                                                  4,552               2.1
                                                                               
Aventis                                                 4,294               2.0
                                                                               
BNP Paribas                                             4,031               1.9

At 31st December 2003 there were no investments with a value greater than 5% of
the Company's gross assets.

Gartmore Investment Limited

Secretaries

5th January 2004



END