Top Ten Holdings

Glasgow Income Trust PLC
03 July 2007

3 July 2007


GLASGOW INCOME TRUST PLC

In accordance with UKLA Listing Rule 21.20 (1) (ii), Glasgow Income Trust PLC
announces that at 30 June 2007 the ten largest investments held were as follows:

Company                                                                  £        % of
                                                                              Total Assets

BAE Systems (includes fixed interest stocks)                     5,684,661        3.2

Firstgroup (includes fixed interest stocks)                      5,683,450        3.2
British American Tobacco                                         4,836,450        2.7

Speedy Hire                                                      4,666,825        2.6

Rentokil Initial (includes fixed interest stocks)                4,601,625        2.6

Rio Tinto                                                        4,591,200        2.6

Balfour Beatty (includes fixed interest stocks)                  4,454,313        2.5

Co op Bank 9.25%                                                 4,200,000        2.4

Resolution (includes fixed interest stocks)                      4,123,890        2.3

Abbot Group                                                      3,876,009        2.2



Glasgow Income Trust plc is managed by Glasgow Investment Managers Limited


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