Portfolio Update Top Ten Investments

ABERFORTH GEARED CAPITAL & INCOME TRUST plc


The  Board  of  Aberforth Geared Capital & Income Trust  plc  ("the  Company")
confirms  that,  as  at 30 September 2007, the top ten investments  ranked  by
market  value  (based on bid prices) of the Company's total investable  assets
were as follows: -

Company                      Value (£)  Weight  Accumulated
                                             %            %
Greggs                       5,297,472    3.9%         3.9%
Spirax-Sarco                 3,493,862    2.6%         6.4%
Engineering
RPC Group                    3,378,000    2.5%         8.9%
Hampson Industries           3,091,013    2.3%        11.2%
Interserve                   3,090,750    2.3%        13.5%
Shanks Group                 3,088,550    2.3%        15.7%
BSS Group                    2,996,555    2.2%        17.9%
Domestic & General           2,772,000    2.0%        20.0%
Group
Holidaybreak                 2,745,400    2.0%        22.0%
MITIE Group                  2,669,750    2.0%        23.9%

Contact for enquiries
Gary Tait
Aberforth Partners LLP
0131 220 0733

END