Monthly Portfolio Disclosure

INVESCO Asia Trust plc

Monthly portfolio disclosure

INVESCO Asia Trust plc announces that, as at 31 January 2004, it held the
following investment in a listed investment company that has not declared a
policy to invest less than 15% in other listed investment companies (including
investment trusts).

Company                                      Issue      % of gross  
                                                          assets*   
                                                                    
INVESCO AsiaNET Fund Limited                  NPV          1.53%    

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

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