Top 10 Holdings

Glasgow Income Trust PLC
03 April 2007


3 April 2007

GLASGOW INCOME TRUST PLC

In accordance with UKLA Listing Rule 21.20 (1) (ii), Glasgow Income Trust PLC
announces that at 31 March 2007 the ten largest investments held were as
follows:

Company                                            £     % of
                                                     Total Assets

BAE Systems (includes fixed interest       6,417,120      3.5
stocks)
Firstgroup (includes fixed interest        5,720,340      3.2
stocks)
Rentokil Initial (includes fixed           5,260,915      2.9
interest stocks)
Balfour Beatty (includes fixed             4,672,063      2.6
interest stocks)                           
Lloyds TSB Group (includes fixed           4,572,400      2.5
interest stocks)
British American Tobacco                   4,525,800      2.5
Intercontinental Hotels                    4,392,500      2.4
Vodafone Group                             4,351,756      2.4
Speedy Hire                                4,149,950      2.3
Resolution (includes fixed interest        4,147,580      2.3
stocks)


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