10 Largest Investments

Deutsche Equity Income Trust PLC
04 April 2005



The Secretary

Company Announcements Office

The Stock Exchange

10 Paternoster Square

London

EC4M 7LS



4 April 2005



Dear Sirs







                                                Listing Rule 21



In accordance with paragraph 21.20 (I) (ii) of the Listing Rules, Deutsche
Equity Income Trust PLC announces its ten largest investments, including all
holdings with a value greater than 5% of its gross assets, as at 31 March 2005:



Company



HSBC Holdings

BP

Royal Bank of Scotland

Shell Transport & Trading

GlaxoSmithKline

Vodafone Group

Barclays

Scottish & Southern Energy

Northern Rock

Alliance & Leicester



ENDS



Yours faithfully





M Pope

Company Secretary



Enquiries:





Mr Mark Pope

Company Secretary



020 7545 0520




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