Statement re Total Assets at BID Prices at 31/10/0

GARTMORE DISTRIBUTION TRUST                                                    
TOTAL ASSETS                                              As at 31-Oct-03      
including undistributed current year revenue                                   
Portfolio valued on BID basis                             £3.85m               
Net current assets                                        £3.64m               
TOTAL ASSETS                                              £7.49m