Listing Rule 21

City of London Investment Trust PLC
04 April 2005


THE CITY OF LONDON INVESTMENT TRUST PLC

HENDERSON GLOBAL INVESTORS

4 April 2005



                    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 2005:


Company
BP *
HSBC *
Shell Transport & Trading
GlaxoSmithKline
Vodafone
Barclays
British American Tobacco
Royal Bank of Scotland
Lloyds TSB
HBOS



* Investments with a value greater than 5% of gross assets


                                    - ENDS -


For further information, please call:

Job Curtis
The City of London Investment Trust plc
Telephone: [phone]

James de Sausmarez
Head of Investment Trusts
Henderson Global Investors
Telephone: [phone]






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