Ten Largest Investments

Deutsche Equity Income Trust PLC
05 October 2004

The Secretary

Company Announcements Office

The Stock Exchange

10 Paternoster Square

London

EC4M 7LS

5 October 2004

Dear Sirs



Listing Rule 21

In accordance with paragraph 21.20 (I) (ii) of the Listing Rules, Deutsche
Equity Income Trust PLC announces its ten largest investments, including all
holdings with a value greater than 5% of its gross assets, as at 30 September
2004:

Company

HSBC Holdings

BP

Royal Bank of Scotland

AstraZeneca

Vodafone Group

Standard Chartered

Imperial Tobacco

Scottish & Southern Energy

Shell Transport & Trading

Northern Rock

ENDS

Yours faithfully



M Pope

Company Secretary

Enquiries:



Mr Mark Pope

Company Secretary

020 7545 0520


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