Net Asset Value(s)

Standard Life Equity Income Tst PLC
09 January 2006


STANDARD LIFE EQUITY INCOME TRUST PLC

The unaudited month end net asset value (with investments at bid market values) 
of the following investment trust is announced, as at close of business on 
31 December 2005.

Standard Life Equity Income Trust                         294.62p    Ordinary





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            The company news service from the London Stock Exchange