Portfolio Update

British Empire Sec & Gen Tst PLC
03 December 2007

BRITISH EMPIRE SECURITIES AND GENERAL TRUST PLC

In accordance with Listing Rule 15.6.8 (1), British Empire Securities and
General Trust plc announces that the following is a list of all investments held
at 30 November 2007 in listed closed-ended investment funds which do not have
stated investment policies to invest no more than 15% of their total assets in
other listed closed-ended investment funds.

Name                                                     Market Value (£)         Percentage of portfolio

Advance UK Trust Plc Ord 1p                                     3,767,453                           0.47%

Phoenix Administration Services Limited - Secretary
4 December 2007






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