Blocklisting Interim Review

Glasgow Income Trust PLC
6 April 2001

                                  SCHEDULE 5

                       BLOCKLISTING SIX MONTHLY RETURN

1. Name of company:  Glasgow Income Trust plc

2. Name of scheme:  The Glasgow PEP

3. Period of return: From 1 October 00 to 31 March 2001

4. Number and class of shares(s) (amount of stock/debt security) not issued
under scheme:  139,887 Ordinary 25p

5. Number of shares issued/allotted under scheme during period:  nil

6. Balance under scheme not yet issued/allotted at end of period:  139,887

7. Number and class of share(s) (amount of stock/debt securities) originally
listed and the date of admission:  185,000 ord 25p 26 April 1994

Please confirm total number of shares in issue at the end, of the period in
order for us to update our records:  31,042,192

Contact for queries:      Fiona A McLean - 0141 572 2700


Address:  Glasgow Investment Managers, Sutherland House, 149 St Vincent
Street, Glasgow, G2 5DR: