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TR European Growth (TRG)

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Monday 21 January, 2002

TR European Growth

Directorate Change

TR European Growth Trust PLC
21 January 2002

21 January 2002



                          TR EUROPEAN GROWTH TRUST PLC

                         Appointment of Deputy Chairman

TR European Growth Trust PLC announces the appointment of Mr Audley
Twiston-Davies as Deputy Chairman with effect from 21 January 2002.

Audley Twiston-Davies has been a non-executive director of TR European Growth
Trust since January 2000. He is currently Chairman of both Taylor Young
Investment Management Limited and Brunswick Russian Emerging Equities Trust PLC.



For further information please call:

Audley Twiston-Davies

TR European Growth Trust PLC

Tel: 020 7378 4500



Stephen Peak

Fund Manager

TR European Growth Trust PLC

Tel: 020 7818 4334



Vicki Staveacre

Head of Corporate Affairs

Henderson Global Investors

Tel: 020 7818 4028



Stephen Westwood

Head of Investment Trusts

Henderson Global Investors

Tel: 020 7818 5517



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