Investments in Investment Cos

British Empire Sec & Gen Tst PLC
02 September 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 31 August 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                28,342,770                        6.44%
Advance UK Trust                         7,142,600                        1.62%
Hansa Trust Ordinary                     2,539,779                        0.58%
Total                                   38,025,149                        8.64%

Phoenix Administration Services Limited
Secretary
2 September 2004


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