Top ten holdings

Glasgow Income Trust PLC
03 October 2006


3 October 2006


GLASGOW INCOME TRUST PLC


In accordance with UKLA Listing Rule 21.20 (1) (ii), Glasgow Income Trust PLC
announces that at 29 September 2006 the ten largest investments held were as
follows:

Company                                            £     % of
                                                     Total Assets

BAE Systems 7.75% Cum Conv                 3,567,375      2.8
Severn Trent                               3,280,869      2.6
AWG Ord                                    3,088,000      2.5
Lloyds TSB (includes fixed interest        3,046,115      2.4
stocks)
Pendragon Ord                              2,916,225      2.3
Balfour Beatty (includes fixed             2,883,783      2.3
interest stocks)
Speedy Hire Ord                            2,814,000      2.2
Scottish & Southern Energy                 2,739,360      2.2
European Motor Holdings                    2,723,562      2.2
DSG Intl Ord                               2,723,438      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