Net Asset Value(s)

Deutsche Equity Income Trust PLC
29 July 2005

29 July, 2005









The Secretary

Company Announcements Office

The Stock Exchange

10 Paternoster Square

London

EC4M 7LS









Dear Sirs





The Deutsche Equity Income Trust PLC announces that at the close

of business on 28 July 2005 its Net Asset Value per share was 274.37p.











Yours faithfully











M Pope

Company Secretary


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