Director Shareholding

Deutsche Equity Income Trust PLC
14 November 2003


RNS

London Stock Exchange Tower
Courier Delivery Entrance
Old Broad Street
London
EC2


14 November 2003

Dear Sirs

We wish to inform you that we have today been notified that Mr C A Wood, a
director of the Company, has today purchased 5,000 of the Company's ordinary
shares at a price of 223p per share as part of his Self Invested Pension Plan.


Yours faithfully

M Pope
Company Secretary


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