RNS Number:8417T
Progressive Geared Income Trust PLC
05 January 2004


Progressive Geared Income Trust plc announces that its top ten holdings as at 31
December 2003 were as follows:-

Carlton Comms 6.5p CNV Cum Red Prefs
Glasgow Income Trust New Ordinary Shares
M&G Equity Investment Trust Income Shares
UK Treasury Bond 5% 2004
Real Estate Opps Ltd 7.5% CNV Loan Stock
Martin Currie Enhanced Income Trust Ordinary Shares
Rexam 7.75p CNV Prefs
Framlington Income & Capital Trust Income Shares
Novar 7.25p CNV Cum Red Prefs
Imperial Tobacco Bond 7.44% 2004

No other assets were held on 31 December 2003 which represented more than 5% of
gross assets.


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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