Proposition for Company to Purchase Own Shares

Morgan Grenfell Equity Income Trust PLC
17 November 1999


Morgan Grenfell Equity Income Trust PLC
                            
Proposed authority for the Company to purchase its own shares
                            
                            
Morgan  Grenfell Equity Income Trust PLC ('the  Company') has  today  posted
its report and accounts for  the  year ended  30th  September  1999, and
notice  of  the  Annual General  Meeting to be held at 11.00 am on Thursday 
16th December 1999.

The  Company  has  also  posted a circular  convening  an Extraordinary 
General Meeting on Thursday 16th  December 1999 following the Annual General
Meeting, to approve  an authority  for the Company to purchase up  to  14.99 
per cent  of its existing issued share capital and amendments to the Company's
Articles of Association.


Paul Hogwood
Secretary