Portfolio Update

GARTMORE ASIA PACIFIC TRUST PLC                        

In accordance with Listing Rule 21.20(l)(ii), Gartmore Asia Pacific Trust PLC
announces that at 30th September 2004 the ten largest investments were as
follows:

Company                                                 £'000     Percentage of
                                                                   Gross Assets
                                                                               
Nissan Motor Co                                         1,326               4.5
                                                                               
Mitsui + Co                                             1,064               3.6
                                                                               
Kaneka Corp                                             1,058               3.6
                                                                               
JFE Holdings Inc                                          945               3.2
                                                                               
Takeda Pharm Co                                           820               2.8
                                                                               
Mitsubishi Tokyo                                          811               2.8
                                                                               
Mizuho Finl Gp                                            789               2.7
                                                                               
Nomura Holdings                                           780               2.7
                                                                               
Tokyu Corp                                                770               2.6
                                                                               
Toshiba Corp                                              751               2.6

At 30th September 2004 there were no investments with a value greater than 5%
of the Company's gross assets.

Gartmore Investment Limited

Secretaries

4th October 2004