Portfolio Update

British Empire Sec & Gen Tst PLC
02 December 2005

BRITISH EMPIRE SECURITIES AND GENERAL TRUST PLC

In accordance with Listing Rule 15.4.11 (1) British Empire Securities & General
Trust plc announces that as at 30 November 2005 it had the following holdings in
other UK listed investment companies (including listed investment trusts) not
having a stated 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 plc  -  'A' Ordinary                                    13,373,083                                    1.99%
Advance UK Trust  -  Ordinary                                        6,697,471                                    1.00%
The Alliance Trust plc  -  Ordinary 25p                              6,558,321                                    0.98%
Hansa Trust plc  -  Ordinary                                         1,610,731                                    0.24%
Totals                                                              28,239,606                                    4.21%

Phoenix Administration Services Limited - Secretary
2 December 2005


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