Quarterly Holding Report

Deutsche Equity Income Trust PLC
05 July 2005



The Secretary
Company Announcements Office
The Stock Exchange
10 Paternoster Square
London
EC4M 7LS



5 July 2005


Dear Sirs



                                                Listing Rule 21



In accordance with paragraph 21.20 (I) (ii) of the Listing Rules, Deutsche
Equity Income Trust PLC announces its ten largest investments, including all
holdings with a value greater than 5% of its gross assets, as at 30 June 2005:



Company

HSBC Holdings

BP

Shell Transport & Trading

Royal Bank of Scotland

GlaxoSmithKline

Barclays

Vodafone Group

Scottish & Southern Energy

BT Group

Imperial Tobacco





ENDS



Yours faithfully

M Pope
Company Secretary

Enquiries:

Mr Mark Pope
Company Secretary
Tel: [phone]




                      This information is provided by RNS
            The company news service from the London Stock Exchange