Top Ten Holdings

Brunner Investment Trust PLC
09 January 2004

                     THE BRUNNER INVESTMENT TRUST PLC
                 TOP 10 HOLDINGS AS AT 31st DECEMBER 2003


Stock Name                                               Market Value          %
                                                                     £

Treasury 5 7/6/04                                           25,211,967     10.26
BP Plc                                                      10,573,351      4.30
Vodafone Grp                                                 9,686,930      3.94
HSBC Hldgs                                                   9,007,262      3.66
GlaxoSmithKline                                              7,674,253      3.12
Royal Bk Scot                                                6,400,306      2.60
Barclays                                                     4,599,959      1.87
Shell Trnspt & Trading                                       3,994,488      1.62
AstraZeneca                                                  3,585,438      1.46
HBOS                                                         3,126,121      1.27



Total Assets Less Current Liabilities                      245,841,144

Enquiries:

P I Ingram
Company Secretary
Tel: [phone]

9th January 2004


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