Investment in Investment Cos

British Empire Sec & Gen Tst PLC
03 August 2004


BRITISH EMPIRE SECURITIES AND GENERAL TRUST plc

In accordance with Listing Rule 21.20 (l)(i), British Empire Securities and
General Trust plc announces that as at 30 July 2004 it had the following
holdings in other UK listed investment companies (including listed investment
trusts) which do not have a stated investment policy to invest no more than 15%
of their gross assets in other listed UK investment companies (including listed
investment trusts):


Name                             Market Value (£)      Percentage of portfolio

Hansa Trust 'A' Ordinary               25,864,124                         5.75
Hansa Trust Ordinary                    2,381,551                         0.53
Advance UK Trust                        7,100,000                         1.58
Total                                  35,345,675                         7.86

Phoenix Administration Services Limited
Secretary
3 August 2004

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