Portfolio Update

British Portfolio Trust PLC
19 January 2005


                                         BRITISH PORTFOLIO TRUST PLC
                                  PORTFOLIO SUMMARY AS AT 31 December 2004


                                              Market Value            %
                                                 £

FTSE 100 Index                                48,970,052            68.57
FTSE 250 Index                                14,035,156            19.65
FTSE Small Cap and AIM                         3,285,028             4.60
Cash                                           5,124,921             7.18


Total Assets less Current Liabilities         71,415,157







Enquiries:



P W I Ingram
Company Secretary
Tel: [phone]
19 January 2005


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