Gartmore Balanced

Statement re Repayment of Debt

Gartmore Balanced Assets Trust PLC

The Company announces that today it has repaid £2,000,000 of its loan facility,
together with associated loan and swap breakage costs of £123.90 to the Royal
Bank of Scotland using liquid assets held by the Company. The Company now has
outstanding borrowings of £4,700,000.


Ian Beveridge - Gartmore 020 7782 2000

20 October 2004