Doc re. (AGM Resolution)

Pacific Horizon Investment Tst PLC
28 October 2003


                      PACIFIC HORIZON INVESTMENT TRUST PLC

           RESOLUTION TO RENEW BUY-BACK POWERS PASSED 28 OCTOBER 2003


A copy of the above special resolution has been submitted to the UK Listing
Authority, and will shortly be available for inspection at the UK Listing
Authority's Document Viewing Facility, which is situated at:



Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS


Tel. no. (0)20 7676 1000


                                                           Baillie Gifford & Co.
                                                             Company Secretaries
                                                                 28 October 2003



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