Portfolio Update

British Empire Sec & Gen Tst PLC
04 October 2005


BRITISH EMPIRE SECURITIES AND GENERAL TRUST PLC

In accordance with Listing Rule 15.4.11 (1), British Empire Securities and
General Trust plc announces that at 30 September 2005 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                                       16,411,993                            2.52
Advance UK Trust                                                6,378,990                            0.98
Hansa Trust Ordinary                                            2,176,636                            0.33
Total                                                          24,967,619                            3.83


In accordance with Listing Rule 15.4.11 (2), British Empire Securities and
General Trust plc announces that at 30 September 2005 the ten largest
investments were as follows:

Company                                                  Market value (£)         Percentage of portfolio

Treasury 7.5% 07/12/2006                                       31,122,000                            4.77
Treasury 8.5% 07/12/2005                                       30,219,001                            4.63
Treasury 7.75% 08/09/2006                                      27,863,999                            4.27
Prospect Japan Fund Ltd                                        18,188,900                            2.79
Jardine Strategic Holdings                                     16,617,294                            2.55
Hansa Trust plc 'A' Ord                                        16,411,993                            2.52
Law Debenture Corp plc                                         15,316,452                            2.35
European Asset Value Fund NPV                                  14,549,191                            2.23
Mitsubishi Estates Co Ltd                                      14,297,142                            2.19
Fording Canadian Coal Trust Units                              14,295,991                            2.19
Total                                                         198,881,963                           30.49

Except as stated above there were no investments with a value greater than 5% of
the Company's portfolio.

Phoenix Administration Services Limited - Secretary
4 October 2005


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