RNS Number:6939N
Quarterly High Income Trust PLC
17 July 2003

Letter to Quarterly High Income
Dated 16 July 2003

Re:   Section 198-210 Companies Act 1985 (As Amended)

As required under the terms of the above Act, I am writing to advise you of the 
following transactions affecting notifiable interests of the aggregate of funds 
managed by the above Company.

Transactions
Date        Buy/Sale    Nominal     Class of Share     Fund Name 
16/07/03    S           1,825,000   Ordinary Shares    US Growth & Income

These transactions leave the following trusts holdings as:

Yeoman Investment Trust PLC          1776792 
US Growth and Income Fund                  0 
BC Income and Growth Fund            3000000

Which according to our records represents a holding of 4.60% of this class of 
share.

Letter from Michael Yeo
            Senior Fund Manager
            BC Asset Management Ltd

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

END

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