Portfolio Update

Brunner Investment Trust PLC
06 April 2004


                                  THE BRUNNER INVESTMENT TRUST PLC

                                 TOP 10 HOLDINGS AS AT 31 MARCH 2004

Stock Name                                                               Market Value            %
                                                                                £

Treasury 5 7/6/04                                                          25,435,260           10.52
Vodafone Group                                                              9,004,998            3.73
BP Plc                                                                      8,912,853            3.69
HSBC Hldgs                                                                  8,299,402            3.43
Royal Bank of Scotland                                                      6,446,967            2.67
Barclays                                                                    4,946,929            2.05
GlaxoSmithKline                                                             4,576,871            1.89
AstraZeneca                                                                 3,375,396            1.40
HBOS                                                                        3,188,773            1.32
Shell Transport & Trading                                                   2,889,038            1.20


Total Assets Less Current Liabilities                                     241,737,699



Enquiries:

Kirsten Salt
Company Secretary
Tel: [phone]

6 April 2004








                      This information is provided by RNS
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