Statement re Holdings

Gartmore Distribution Trust PLC and                      

                              GDT Securities PLC                               

                             (together the Group)                              

Holdings at 30th November 2003 in companies that do not have policies to invest
                   not more than 15% in investment companies                   

At 30th November 2003 the Group held the following investments: -

Gartmore Absolute Growth & Income Trust Ords

Monthly High Income Ords

Gartmore Balanced Assets Trust Ords

BFS UK Dual Return Incs & Geared Units

Investec High Income Ords

Blue Chip Value & Income Ords & Warrants

Investment Trust of Investment Trusts Preferred Income

Morley Absolute Growth Ords

The aggregate value of the investments listed above represents less than 18% of
the Group's Gross Assets.

Gartmore Investment Limited

2nd December 2003