INVESCO Leveraged High Yield Fund Limited                   

HEADLINE: Investment Policy

The Board of INVESCO Leveraged High Yield Fund Limited ("the Company") notes
the publication of the Investment Entities (Listing Rules and Conduct of
Business) Instrument 2003 and announces that it is the Company's policy to
invest no more than 15% of its gross assets in other listed investment
companies (including listed investment trusts).

Contact: Andrew Norman

020 7065 3526

For and on behalf of

INVESCO Asset Management Limited - Secretaries

2 December 2003



END