RNS Number:9269Q
Barclays Global Inv Endowment Fund
15 October 2003

Barclays Global Investors Endowment Fund Limited



Net asset value

The net asset value at 30.09.03 was 167.17p per share.


Prospective return per annum after all Company expenses

The TEP market's valuation currently assumes that bonus rates will remain
unchanged and that the smoothed asset share of the policies held will fall in
value by an average of 9.1% per annum to maturity.


The prospective annual rate of return to an investor holding shares to
redemption, based on the main assumptions listed below, at current and
alternative policy growth rates would be:


        Policy growth rate                               Market rate -            -10%              0%
                                                                  9.1%
a)      To an investor buying shares on 30.09.03 at              13.2%           12.4%           24.2%
        155.5p
b)      To an initial shareholder who bought shares at            6.4%            6.4%            6.8%
        100p

These figures are for illustrative purposes and are not guaranteed.



Main assumptions

  * No brokerage is charged on share purchases
  * All policies are held until maturity
  * Policy premiums are paid to maturity
  * Base rates continue at 3.5% per annum for the life of the Company
  * Administrative costs increase at 2.5% per annum for the life of the
    Company
  * No benefits arise from early deaths or other windfall gains
  * The Company is exempt from tax on gains throughout its life
  * One half of the Company's remaining shares will be redeemed in 2004, and
    the remainder in 2005



15 October 2003




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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