Statement re Total Assets at BID Prices at 30/09/0

GARTMORE DISTRIBUTION TRUST                                                    
TOTAL ASSETS                                              As at 30-Sep-03      
including undistributed current year revenue                                   
Portfolio valued on BID basis                             £4.06m               
Net current assets                                        £3.14m               
TOTAL ASSETS                                              £7.20m