Portfolio Update

GARTMORE ASIA PACIFIC TRUST PLC                                            
                                                                           
Portfolio information as at 31 October 2005.                               
                                                                           
10 Largest Investments:                                                    
                                                                           
                                         Market Value                  % of
                                                                           
Company                                         £'000          Gross Assets
                                                                           
Mitsubishi Tokyo Financial Gp NPV               1,421                   3.9
                                                                           
Mitsui & Company JPY50                          1,236                   3.4
                                                                           
Mitsui Fudosan JPY50                            1,195                   3.3
                                                                           
SMC JPY50                                       1,047                   2.9
                                                                           
Sumitomo Trust & Banking JPY50                  1,038                   2.9
                                                                           
NHK Spring JPY50                                  985                   2.7
                                                                           
Shin-Etsu Chemical JPY50                          941                   2.6
                                                                           
Fuji Electric JPY50                               918                   2.5
                                                                           
Don Quijote NPV                                   893                   2.5
                                                                           
East Japan Railway NPV                            847                   2.3
                                                                           
.                                                                          
                                                                           
Investment Trust Companies:                                                
                                                                           
The Company had no investments in listed investment companies that         
                                                                           
do not have a stated investment policy to invest no more than 15% of their 
                                                                           
gross assets in other UK listed investment companies (including investment 
                                                                           
trusts) and which must therefore be disclosed in accordance with UKLA      
                                                                           
Listing Rule 15.4.11.                                                      
                                                                           
.                                                                          
                                                                           
Gross Assets:                                                              
                                                                           
Equities                                                              97.4%
                                                                           
Cash and other net current assets                                      2.6%
                                                                           
                                                                     ------
                                                                           
                                                                     100.0%
                                                                           
                                                                      =====
                                                                           
Total Gross Assets                                                   £36.2m