Top 10 Investments

INVESCO Leveraged High Yield Fund Limited announces that, as at 31 December
2003, its top ten investments were as follows:

Company                         Issue        % of gross  
                                              assets*   
                                                                   
ABB International Finance      10.00%        3.12%                 
                               2009                                
                                                                   
EMI                            9.75% 2008    2.65%                 
                                                                   
Ford Credit Canada             7.25% 2007    2.62%                 
                                                                   
Teksid Aluminium               11.375%       2.57%                 
                               2011                                
                                                                   
Aspropulsion Capital           9.625%        2.52%                 
                               2013                                
                                                                   
Woolworths                     8.75% 2006    2.49%                 
                                                                   
TDL Infomedia                  12.125%       2.33%                 
                               2009                                
                                                                   
AES                            8.375%        2.18%                 
                               2011                                
                                                                   
Head Holding                   10.75%        2.06%                 
                               2006                                
                                                                   
Bhurmann US                    12.25%        2.06%                 
                               2009                                

* Subject to successful settlement of trades outstanding on the relevant date.

This announcement is made in accordance with Paragraph 21.20(l)(ii) of the
Listing Rules.

INVESCO Asset Management Limited

5 January 2004



END