Portfolio Update

Brunner Investment Trust PLC
02 December 2004




                        THE BRUNNER INVESTMENT TRUST PLC


List of Top Ten Investments and all Holdings over 5% of Gross Assets at 30
November 2004,  announced in accordance with Listing Rule 21.20 (l) (ii).


Holding                                                        % of Gross Assets
Treasury 4.5 7/3/07                                                        10.21
BP                                                                          5.55
HSBC                                                                        3.49
Vodafone                                                                    2.80
Royal Bank of Scotland                                                      2.67
Barclays                                                                    2.10
GlaxoSmithKline                                                             2.09
BHP Billiton                                                                1.71
Standard Chartered                                                          1.51
WPP                                                                         1.37






Enquiries:
Kirsten Salt
Company Secretary
Tel: [phone]

2 December 2004




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