Portfolio Disclosure

Jupiter European Opps. Trust PLC
05 January 2004


Jupiter European Opportunities Trust PLC

Pursuant to Listing Rule 21.20(l)(ii), Jupiter European Opportunities Trust PLC
announces that, as at close of business on 31st December 2003, its ten largest
investments were as follows:

       Name of Security                Holding        Middle market valuation /£
   1   Neopost                         267,190                       7,530,482
   2   Novozymes                       358,545                       7,311,740
   3   Numico                          399,339                       6,164,910
   4   Techem                          522,783                       5,635,799
   5   Intertek Group                1,200,000                       5,532,000
   6   Medion                          245,129                       5,380,162
   7   Associated British Ports      1,177,628                       5,287,549
   8   Novo-Nordisk                    217,100                       4,940,884
   9   Depfa Bank                       51,408                       3,611,341
  10   Air Liquide                      37,000                       3,561,189

There were no other investments with a value greater than 5% of the Company's
total assets.

A monthly fact sheet for the Company is available on request from the Company
Secretaries and from www.jupiteronline.co.uk.

By order of the Board.
Jupiter Asset Management Limited, Company Secretaries.




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