The company announces the following unaudited data relating                
to its portfolio of investments as at  31 October 2003:                    
Total Assets (Excl Current Yr Revenue)                                    �
                                                                 41,245,266
Total Bank Debt                                                           �
                                                                 19,600,000
                                                                          �
                                                                 21,645,266
Liability Due To Zero Dividend Prefs                                      �
                                                                 10,456,708
Net Assets Attributable to Ordinary Shareholders (Excl current            �
year revenue)                                                    11,188,558
Nav (Excl current year revenue) Per Ordinary Share                   39.96p



END