Statement re Holdings in Investment Companies

Gartmore Distribution Trust PLC and                      

                              GDT Securities PLC                               

                             (together the Group)                              

Holdings at 29th February 2004 in companies that do not have policies to invest
                   not more than 15% in investment companies                   

At 29th February 2004 the Group held the following investments: -

BFS UK Dual Return Incs & Geared Units

Blue Chip Value & Income Warrants

Morley Absolute Growth Ords

The aggregate value of the investments listed above represents less than 2.5%
of the Group's Gross Assets.

Gartmore Investment Limited

2nd March 2004