Listing Rule 21

City of London Investment Trust PLC
02 April 2004


THE CITY OF LONDON INVESTMENT TRUST PLC

HENDERSON GLOBAL INVESTORS

2 APRIL 2004







                    THE CITY OF LONDON INVESTMENT TRUST PLC

                                Listing Rule 21


In accordance with paragraph 21.20 (l) (ii) of the Listing Rules, The City of
London Investment Trust plc announces its ten largest investments, including all
holdings with a value greater than 5% of its gross assets, as at 31 March 2004:


Company

HSBC

BP

Shell Transport & Trading

Vodafone

GlaxoSmithKline

Royal Bank of Scotland

Barclays

HBOS

British American Tobacco

AstraZeneca







                                    - ENDS -



For further information, please call:

Job Curtis

The City of London Investment Trust plc

Telephone: [phone]


Stephen Westwood

Head of Investment Trusts

Henderson Global Investors

Telephone: [phone]


Stephen Phillips

Associate Director

Henderson Global Investors

Telephone: [phone]



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