Director Shareholding

Deutsche Equity Income Trust PLC
31 July 2002



RNS

London Stock Exchange Tower

Courier Delivery Entrance

Old Broad Street

London

EC2





31 July 2002



Dear Sirs



We wish to inform you that we have today been notified that Mr J Leigh
Pemberton, a director of the Company, has on 29 July 2002 purchased 330 of the
Company's ordinary shares at a price of 209.5p per share through a PEP account.



Yours faithfully



M Pope

Company Secretary




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