INVESCO Geared Opportunities Trust plc                     

HEADLINE: Investment Policy

The Board of INVESCO Geared Opportunities Trust plc (the `Company') notes the
publication of the Investment Entities (Listing Rules and Conduct of Business)
Instrument 2003 and announces that it is the Company's policy to invest no more
than 15% of its gross assets in other listed investment companies (including
listed investment trusts).

Contact: Karina Bryant

020 7065 3644

For and on behalf of

INVESCO Asset Management Limited - Secretaries

9 October 2003



END