RNS Number:9798D
Dresdner RCM Endwmnt Policy2003 PLC
18 January 2000




Dresdner RCM Endowment Policy Trust 2003 plc

The Company announces that its unaudited net asset value as at 31st December
1999 was 208.89p per Ordinary Share.  This includes a figure of #950,000 which
represents an estimate of the likely proceeds of the Scottish Widows
demutualisation based on current available information.

10 Fenchurch Street              By Order of the Board
London EC3M 3LB                  P W I Ingram
18th January 2000                Company Secretary


END

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