Portfolio Update

Brunner Investment Trust PLC
5 January 2005



                                  THE BRUNNER INVESTMENT TRUST PLC

                               TOP 10 HOLDINGS AS AT 31 DECEMBER 2004

Stock Name                                         Market Value          %
                                                        £

Treasury 4.5 7/3/07                                25,382,390           10.15
BP                                                 13,077,307            5.23
HSBC                                                8,528,796            3.41
Royal Bank of Scotland                              7,211,933            2.88
Vodafone                                            6,908,076            2.76
GlaxoSmithKline                                     6,560,258            2.62
Barclays                                            5,650,933            2.26
BHP Billiton                                        4,230,155            1.69
Standard Chartered                                  3,617,348            1.45
WPP                                                 3,374,575            1.35

Total Gross Assets                                250,089,294



Enquiries:

Kirsten Salt
Company Secretary
Tel: [phone]

5 January 2005








                      This information is provided by RNS
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