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Edinburgh Income Tst (EFI)

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Wednesday 08 September, 1999

Edinburgh Income Tst

1st Quarter Results

EDINBURGH INCOME TRUST PLC
8 September 1999


   At  a  board meeting held today, the directors of Edinburgh Income
   Trust plc resolved that a first interim dividend of 0.90p (1998/99
   - 0.9p) per ordinary share would be paid in respect of the year to
   30  April 2000, payable on 5 October 1999 to shareholders  on  the
   register  on 24 September 1999. The unaudited results  for  the  3
   months to 31 July 1999 are as follows:

   STATEMENT OF TOTAL RETURN (Unaudited)

                                  3 months to                Year to 
                                  31 July 1999           30 April 1999
                           Revenue  Capital  Total   Revenue  Capital  Total
                                
                             £'000   £'000   £'000     £'000   £'000   £'000
                                                              
 Gains on investments          -     (899)    (899)       -    1,731   1,731
                          
 Income                       176      -       176       860      -      860
 Investment management fee    (26)    (26)     (52)     (100)   (100)   (200)
                                                                    
 Other administrative         (35)     (9)     (44)     (112)    (36)   (148)
  expenses                                                       
                                                                     
 Return on ordinary           115    (934)    (819)      648    1,595   2,243
  activities before tax                                    
  
 Taxation                     (13)     -       (13)      (87)      -      (87)
                                                                     
 Return on ordinary           102    (934)    (832)      561    1,595   2,156
  activities after tax                  
  
 Transfer to capital            -    (379)    (379)       -    (1,343) (1,343)
  redemption reserve                   
                                                                     
 Return attributable to       102  (1,313)  (1,211)      561      252     813
  equity shareholders                 
   
 Dividends in respect of     (135)     -      (135)     (540)      -     (540)
  equity shares                                                  
                                                                     
 Transfer to reserves         (33) (1,313)  (1,346)       21      252     273
                                       
                                                                     
 Return per                  0.68p  (8.75p) (8.07p)     3.74p    1.68p   5.42p
  ordinary share                                         

   
All revenue and capital items in the above statement derive from continuing
operations.
No operations were acquired or discontinued in the year.

                                     31 July 1999      30 April 1999
                                                  
        Assets                                 
                                               
        Net assets attributable       £10,350,000       £11,696,000
        to ordinary shareholders
                                                          
        Net asset value per                69.0p             78.0p
        ordinary share
                                                          
        Net asset value per zero                          
        dividend preference                87.6p             85.1p
        share

       For further information please contact:

       Alex Gowans, Director, Edinburgh Income Trust plc and
       Edinburgh Fund Managers plc

       Graham  Campbell, Manager, Edinburgh Income Trust  plc and 
       Director, Edinburgh Fund Managers plc

       for Edinburgh Income Trust plc,
       Edinburgh Fund Managers plc, SECRETARY

       Valerie MacKenzie
       Assistant Secretary


                                                                                                         

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