Portfolio Update

British Empire Sec & Gen Tst PLC
04 June 2007


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 2007 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 2.5p          23,439,864                        2.78
Advance UK Trust Plc Ord 1p               4,496,316                        0.53
Total                                    27,936,180                        3.31


Phoenix Administration Services Limited - Secretary
4 June 2007


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