Director Shareholding

Deutsche Equity Income Trust PLC
16 September 2004



RNS
London Stock Exchange 
10 Paternoster Square
London
EC4M 7LS


16 September 2004



Dear Sirs

We wish to inform you that we have today been notified that Mr A K Mitchard, a
director of the Company, did on 2 July 2004 purchase through the Company's
Dividend Reinvestment Plan 63 of the Company's ordinary shares at a price of
217p per share.



Yours faithfully

M Pope
Company Secretary



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