INVESCO Leveraged High Yield Fund                       

HEADLINE: Net Asset Values

The unaudited Net Asset Value per share as at the close of business on 20
August 2003 for INVESCO Leveraged High Yield Fund.

                                                      NAV per share   
                                                                      
INVESCO Leveraged High Yield Fund                         20.03p      

for and on behalf of

R&H Fund Services (Jersey) Limited

21 August 2003



END