RNS Number:8772Q
Henderson Absolute Rtn Portfolio Ld
14 October 2003


Net Asset Value price as at 30th September
2003

Ordinary Shares =                           103.96 pence

Portfolio as at 30th September 2003

Fund                                        Manager                     Weight

Modulus Europe                              Powe Capital Management        9.8%
Lansdowne UK Equity Fund                    Lansdowne Partners             9.0%
Crescendo European Fund                     Threadneedle                   7.7%
Thames River Kingsway                       Thames River                   7.4%
Polar Capital Market Neutral                Polar Capital                  7.1%
SVM Highlander Fund                         Scottish Value Mgmt            6.8%
Jupiter Hyde Park Hedge Fund                Jupiter                        6.4%
Martin Currie Japan Absolute Return Fund    Martin Currie                  6.2%
Henderson European Absolute Return Fund     Henderson Global               6.0%
                                            Investors
Henderson Japan Absolute Return Fund        Henderson Global               4.2%
                                            Investors
Old Mutual UK Specialist Fund               Old Mutual Asset               3.8%
                                            Management
Henderson Asia Pacific Absolute Return      Henderson Global               3.7%
Fund                                        Investors
Martin Currie UK Absolute Return Fund       Martin Currie                  3.1%
Thames River Edo Limited                    Thames River                   3.0%
Liontrust Absolute Return Fund              Liontrust Investment           3.0%
                                            Services
Lindsell Train Japan Fund                   Lindsell Train                 2.8%
JPMF Europe Equity Market Neutral Fund      JPMorgan Fleming               2.8%


Total Invested                                                            92.8%
Cash                                                                       7.2%

                                    Total                                100.0%

Enquiries:
John Husselbee: Portfolio Manager - Head of Multi Manager Investment
Stephen Westwood: Head of Investment
Trusts
Henderson Global Investors 0207 818 1818







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