Top 10 Holdings

Glasgow Income Trust PLC
04 April 2006


4 April 2006



GLASGOW INCOME TRUST PLC



In accordance with UKLA Listing Rule 21.20 (1) (ii), Glasgow Income Trust PLC
announces that at 31 March 2006 the ten largest investments held were as
follows:

Company                                                      £        % of
                                                                  Total Assets

Treasury stock 4.5% Mar 07                           6,004,740             5.1
BAE Systems 7.75% Cum Conv                           3,841,425             3.2
Pendragon                                            3,799,575             3.2
Rentokil Ord + Bond                                  3,464,080             2.9
European Motor Holdings                              2,926,380             2.5
Balfour Beatty (includes fixed interest stocks)      2,860,221             2.4
Bradford & Bingley                                   2,774,450             2.3
Speedy Hire                                          2,773,500             2.3
Severn Trent                                         2,742,659             2.3
Old Mutual                                           2,711,130             2.3



Glasgow Income Trust plc is managed by Glasgow Investment Managers Limited



                      This information is provided by RNS
            The company news service from the London Stock Exchange