Portfolio Update

British Empire Sec & Gen Tst PLC
02 June 2006

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 31 May 2006 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

The Alliance Trust Plc Ord 25p                                 14,041,935                           1.99%

Hansa Trust 'A' Ordinary 5p                                     8,574,347                           1.23%

The Second Alliance Trust Plc Ord 25p                           6,977,160                           0.99%

Advance UK Trust Plc Ord 1p                                     5,746,854                           0.82%

F&C Private Equity Trust 'B' Shares                             2,716,831                           0.39%

F&C Private Equity Trust 'C' Ord 2p                             1,885,018                           0.27%

Total                                                          39,942,145                           5.69%


Phoenix Administration Services Limited - Secretary
2 June 2006


                      This information is provided by RNS
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