RNS Number:4538N
Quarterly High Income Trust PLC
11 July 2003

MORLEY FUND MANAGEMENT LIMITED announces the un-audited net

asset value of the following Investment Trust's as at close

of business on 04 July 2003:


 THE QUARTERLY HIGH INCOME TRUST PLC                      PENCE PER SHARE CLASS
-excluding current period revenue (Undiluted)             0.00 Ordinary
 - Including current period revenue (Undiluted)           0.00 Ordinary
 -                                                        0.00 Zero Dividend Preference



The total Gross Assets of the fund was # 8,764,875.43


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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