RNS Number:6761P
Henderson Absolute Rtn Portfolio Ld
11 September 2003


Net Asset Value price as at 29th August
2003

Ordinary Shares =                          103.65 pence

Portfolio as at 29th August 2003

Fund                                       Manager                      Weight

Modulus Europe                             Powe Capital Management         9.6%
Jupiter Hyde Park Hedge Fund               Jupiter                         9.5%
Lansdowne UK Equity Fund                   Lansdowne Partners              9.1%
Crescendo European Fund                    Threadneedle                    7.7%
Thames River Kingsway                      Thames River                    7.5%
SVM Highlander Fund                        Scottish Value Mgmt             6.9%
Martin Currie Japan Absolute Return Fund   Martin Currie                   6.4%
Henderson European Absolute Return Fund    Henderson Global Investors      5.9%
Polar Capital Market Neutral               Polar Capital                   5.4%
Henderson Japan Absolute Return Fund       Henderson Global Investors      4.4%
Henderson Asia Pacific Absolute Return     Henderson Global Investors      3.9%
Fund
Old Mutual UK Specialist Fund              Old Mutual Asset                3.8%
                                           Management
Martin Currie UK Absolute Return Fund      Martin Currie                   3.1%
Thames River Edo Limited                   Thames River                    3.1%
Liontrust Absolute Return Fund             Liontrust Investment            3.0%
                                           Services
Lindsell Train Japan Fund                  Lindsell Train                  2.9%
JPMF Europe Equity Market Neutral Fund     JPMorgan Fleming                2.8%


Total Invested                                                            95.0%
Cash                                                                       5.0%

                                   Total                                 100.0%

Enquiries:
John Husselbee: Portfolio Manager - Head of Multi Manager Investment
Stephen Westwood: Head of Investment
Trusts
Henderson Global Investors 0207 818 1818







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