Portfolio Update

British Portfolio Trust PLC
4 October 2004


                       BRITISH PORTFOLIO TRUST PLC                    

                 TOP 10 HOLDINGS AS AT 30 SEPTEMBER 2004              
                                                                             

Stock Name                                  Market Value       %   
                                                  £               
                                                                             
BP                                             5,610,348    8.11 
Vodafone                                       4,279,851    6.19 
HSBC                                           4,003,979    5.79 
GlaxoSmithkline                                3,610,493    5.22 
Royal Bank of Scotland                         2,701,422    3.91 
Shell Transport & Trading                      2,141,446    3.10 
Barclays                                       2,104,884    3.04 
AstraZeneca                                    1,720,222    2.49 
Lloyds TSB                                     1,294,465    1.87 
NHP                                            1,252,489    1.81 
                                                                             
Total Gross Assets                            69,142,031         
                                                                             
                                                                             
                                                                             
Enquiries:                                                       
                                                                             
Peter Ingram                                                     
Company Secretary                                                
Tel. [phone]                                               
                                                                             
4 October 2004                                                   
 
 

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