RNS Number:2362Z
Quarterly High Income Trust PLC
29 July 2002

MORLEY FUND MANAGEMENT LIMITED announces the un-audited net

asset value of the following Investment Trust's as at close

of business on 26 July 2002:


 THE QUARTERLY HIGH INCOME TRUST PLC                      PENCE PER SHARE SHARE CLASS

 -excluding current period revenue (Undiluted)            0.00 Ordinary
 - Including current period revenue (Undiluted)           0.00 Ordinary
 -                                                        0.00 Zero Dividend Preference



The total Gross Assets of the fund was £ 71,691,041.53




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