Gartmore Balanced

Holding(s) in Company

                                  SCHEDULE 10                                  
                   NOTIFICATION OF MAJOR INTERESTS IN SHARES                   

1)   Name of company
     Gartmore Balanced Assets Trust PLC

2)   Name of shareholder having a major interest
     Aberdeen Asset Management

3)   Please state whether notification indicates that it is in respect of
     holding of the shareholder named in 2 above or in respect of a
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

      Convertible Income Trust Plc                   500,000    1.09%

St Davids Investment Trust Plc              6,500,000    14.17%

Edinburgh Pacific & Income Trust Plc         682,067    1.49%

Edinburgh High Income Trust                  1,700,000    3.70%

                                                         ---------    -----

                                                       9,382,067   20.45%

                                                           ---------    -----

4)   Name of the registered holder(s) and, if more than one holder, the
     number of shares held by each of them.


5)   Number of shares/amount of stock acquired    
6)   Percentage of issued class

7)   Number of shares/amount of stock disposed


8)   Percentage of issued class


9)   Class of security

     Ordinary 1p shares

10)  Date of transaction
     5 July 2004

11)  Date company informed

14th July 2004

12)  Total holding following this notification

13)  Total percentage holding of issued class following this notification

14)  Any additional information

15)  Name of contact and telephone number for queries

Gurmit Harar

0207 782 2411

16)  Name and signature of authorised company official responsible for
     making this notification

Gartmore Investment Limited

     Date of notification 15th July 2004