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TR European Growth (TRG)

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Friday 02 July, 2004

TR European Growth

Listing Rule 21

TR European Growth Trust PLC
02 July 2004




TR EUROPEAN GROWTH TRUST PLC

HENDERSON GLOBAL INVESTORS

2 JULY 2004



                          TR EUROPEAN GROWTH TRUST PLC

                               Listing Rule 21


In accordance with paragraph 21.20 (l) (ii) of the Listing Rules, TR European
Growth Trust plc announces its ten largest investments, including all
investments with a value greater than 5% of its gross assets, as at 30 June
2004:

Company

Sjaelso Gruppen

Regal Petroleum

BrainLAB

Rapala VMC

Pfleiderer

Scania

Wienerberger

Eircom Group

Aalberts Industries

NDS Group



                                    - ENDS -



For further information, please call:


Stephen Peak

TR European Growth Trust plc

Telephone: 020 7818 4334


Stephen Westwood

Head of Investment Trusts

Henderson Global Investors

Telephone: 020 7818 5517


Stephen Phillips

Associate Director

Henderson Global Investors

Telephone: 020 7818 6417



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