RNS Number:8414T
Progressive Geared Income Trust PLC
05 January 2004


Progressive Geared Income Trust plc

5 January 2004


In accordance with our obligations under Listing Rule 21.20(l)(i), Progressive
Geared Income Trust plc announces that as at the close of business on 31
December 2003, 4.0% of its gross assets was invested in other listed investment
companies (including listed investment trusts) which themselves did not have
stated investment policies to invest no more than 15% of their gross assets in
other listed investment companies (including listed investment trusts). A list
of these is given below.

BFS Managed Property Limited 4.0%

(no investment policy statement)


Visit our website at http://www.pro-asset.com






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