Blocklisting Interim Review

Glasgow Income Trust PLC
11 January 2001

                                  SCHEDULE 5

                       BLOCKLISTING SIX MONTHLY RETURN

1. Name of company Glasgow Income Trust plc



2. Name of scheme The Glasgow PEP



3. Period of return: From 1 April 00 to 30 September 2000



4. Number and class of shares(s)
(amount of stock/debt security) 139,887 Ordinary 25p
not issued under scheme



5. Number of shares issued/allotted
under scheme during period nil



6. Balance under scheme not yet issued/allotted
at end of period
139,887


7. Number and class of share(s) 185,000 ord 25p
(amount of stock/debt securities) 26 April 1994
originally listed and the date of admission


Please confirm total number of shares in issue at the end ,of the period
In order for us to update our records 31,042,192

Contact for queries:               Address:
Glasgow Investment Managers
Name: Fiona A McLean Sutherland House
149 St Vincent Street

Glasgow
Telephone:[phone] G2 5DR