RNS Number:7871S
Royal London UK Eqty&Income Tst PLC
02 December 2003



ROYAL LONDON UK EQUITY & INCOME TRUST PLC &

ROYAL LONDON UK EQUITY & INCOME SECURITIES PLC (the "Group")



HOLDINGS IN INVESTMENT COMPANIES



Pursuant to Listing Rule 21.20(l)(i), the Group announces that as at 28 November
2003, its investments in other listed investment companies (including listed
investment trusts) which themselves do not have stated investment policies to
invest no more than 15% of their total assets in other listed investment
companies (including listed investment trusts) were as follows:


Investment Company                                                   Percentage of total gross
                                                                               assets
Blue Chip Value & Inc Fund Ord GBP 0.125                                        0.35
BFS Managed Properties Trust Ord GBP0.25                                        0.51
Britannic Global Income Trust Ord GBP0.01                                       0.00*
Britannic UK Income Trust Ord GBP0.01                                           0.08
CI Income Fund Ord GBP0.10                                                      0.00*
Edinburgh Leveraged Income Trust Ord GBP0.01                                    0.00*
Exeter Smaller Companies Income Fund Ord GBP0.01                                0.03
Exeter Selective Assets Investment Trust Ord GBP0.01                            0.00*
 Framlington Global Financial & Income Fund Ord                                 0.01
 Gartmore Absolute Growth and Income Trust Pref Income Shs                      0.07
 Gartmore Distribution Trust Ord GBP0.01                                        0.00*
 Geared Opportunities Inc Trust Ord GBP0.01                                     0.00*
 Gartmore Absolute Growth & Income Trust Ord Inc GBP0.01                        0.00*
 Investment Trust of Investment Trusts Pref Income Shs                          0.04
 Jupiter Financial & Income Trust GBP0.01                                       0.54
LeggMason Investors American Assets Trust Ord GBP0.10                          0.00*
Legg Mason Investors Income & Growth Redeemable Prefs                          0.00*
Morely Absolute Growth Investment Trust Ord GBP0.01                            0.11
Martin Currie High Income Trust Ord GBP0.05                                    0.00*
US Growth & Income Trust Ord GBP0.25                                           0.00*
                                                                               1.74

 * these holdings have no current market value



BNP Paribas Secretarial Services Limited

Secretary



2 DECEMBER 2003


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