LEGGMASON INVESTORS EUROPEAN UTILITIES TRUST PLC

The net asset value per Ordinary Income share of LeggMason Investors European
Utilities Trust plc as at the close of business on 7 November 2003 was 97.92p.

The analysis of the net assets at 7 November 2003 by geographical area is as
follows:

Belgium                         3%
                                  
Finland                         4%
                                  
France                          3%
                                  
Germany                         7%
                                  
Greece                          8%
                                  
Italy                          18%
                                  
Norway                          0%
                                  
Portugal                       10%
                                  
Spain                          16%
                                  
Switzerland                     0%
                                  
United Kingdom                 28%
                                  
United Kingdom (bonds)          0%
                                  
Cash                            3%
                                  
                              100%
                                  

11.11.03



END