Net Asset Value(s)

RNS Number:1847R
Dresdner RCM Endwmt PlcyTst 2010PLC
22 October 2003





Dresdner RCM Endowment Policy Trust 2010 plc



The Company announces that its unaudited net asset value

as at 30th September 2003 was 98.3p per Ordinary Share.



Our valuers, LPVC Limited, have estimated that the valuation as at 30th
September 2003 was between 4%-5% above the aggregate surrender values of the
underlying policies.



Projected final net asset values



The Company publishes projected final net asset values on a regular basis. These
projections have been based both on current bonus rate levels and, in order to
give a measure of the sensitivity of the projected final net asset value to
changes in bonus rates, on 80% and 50% of current bonus rates and no further
bonuses.  Projected final net asset values as at 30th September 2003 are:





Projected final net asset values at 31st December 2010:



Assuming 100% of current bonus rates: 147.1p

Assuming 80% of current bonus rates:   133.0p

Assuming 50% of current bonus rates:   112.9p

Assuming no further bonuses:                   80.8p





Projected final net asset values are calculated using the principal bases and
assumptions set out in the Annual Report which, inter alia, assume no further
death claims, or demutualisation benefits are received and no further purchases
of policies are made. They have been calculated after deduction of estimated
future expenses and interest costs.  Interest rates over the Company's life are
assumed to be consistent with the shape of the swap yield curve at 30th
September 2003.  These illustrations are given to provide an indication of the
sensitivity of the projected final net asset value to bonus rate changes.  They
should not be taken as forecasts of any particular degree of change in bonus
rate levels.



Investment Policy



It is the Company's investment policy to hold no more than 15% of its gross
assets in other listed investment companies (including listed investment
trusts).







Enquiries:

Peter Ingram

Company Secretary

Tel:  [phone]

22nd October 2003


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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