Blocklisting Interim Review

GLASGOW INCOME TRUST PLC

      ** B L O C K L I S T I N G  S I X  M O N T H L Y  R E V I E W  **
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1.  NAME OF COMPANY:              GLASGOW INCOME TRUST PLC          

2.  NAME OF SCHEME:               THE GLASGOW PEP           

3.  PERIOD OF RETURN:         FROM: 1 APRIL 99     TO: 30 SEPTEMBER 99

4.  NUMBER AND CLASS OF SHARES(S)
    (AMOUNT OF STOCK/DEBT SECURITY)
    NOT ISSUED UNDER SCHEME
    AT END OF THE LAST PERIOD:             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)      185,000 ORDINARY 25p
    ORIGINALLY LISTED AND THE DATE
    OF ADMISSION:                          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:                             

NAME:                         F A MCLEAN

TELEPHONE:                    0141 572 5700


      ** B L O C K L I S T I N G  S I X  M O N T H L Y  R E V I E W  **
         **********************************************************
                   

1.  NAME OF COMPANY:              GLASGOW INCOME TRUST PLC          

2.  NAME OF SCHEME:               GIM TRUSTPLAN             

3.  PERIOD OF RETURN:         FROM: 1 APRIL 99     TO: 30 SEPTEMBER 99

4.  NUMBER AND CLASS OF SHARES(S)
    (AMOUNT OF STOCK/DEBT SECURITY)
    NOT ISSUED UNDER SCHEME
    AT END OF THE LAST PERIOD:             122,828 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:      122,828

7.  NUMBER AND CLASS OF SHARE(S)
    (AMOUNT OF STOCK/DEBT SECURITIES)      185,000 ORDINARY 25p
    ORIGINALLY LISTED AND THE DATE
    OF ADMISSION:                          27 JANUARY 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:                             

NAME:                         F A MCLEAN

TELEPHONE:                    0141 572 5700