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Gartmore Balanced (GTB)

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Wednesday 13 October, 2004

Gartmore Balanced

Statement re Loan Repayment

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 £219.18 to the Royal
Bank of Scotland using liquid assets held by the Company. The Company now has
outstanding borrowings of £6,700,000.


Ian Beveridge - Gartmore 020 7782 2000

13 October 2004


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