Portfolio Update

Brunner Investment Trust PLC
2 November 2004

                                THE BRUNNER INVESTMENT TRUST PLC

                               TOP 10 HOLDINGS AS AT 29 OCTOBER 2004


Stock Name                                         Market Value          %
                                                      £

Treasury 4.5 7/3/07                                  25,121,602        10.26
BP                                                   13,579,290         5.55
HSBC Holdings                                         8,533,648         3.49
Vodafone Group                                        6,822,489         2.79
Royal Bank of Scotland                                6,606,822         2.70
Barclays                                              5,130,198         2.10
GlaxoSmithKline                                       4,322,424         1.77
BHP Billiton                                          3,835,202         1.57
Standard Chartered                                    3,636,023         1.49
WPP                                                   3,218,508         1.31

Total Gross Assets                                  244,785,789




Enquiries:

Kirsten Salt
Company Secretary
Tel: [phone]

2 November 2004



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