Net Asset Value(s)

Standard Life Equity Income Tst PLC
07 February 2008


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
January 2008 and excluding current period revenue unless otherwise indicated.

Standard Life Equity Income Trust                         304.09p    Ordinary





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