Top 10 Holdings

City Natural Res High Yield Tst PLC
4 April 2005




To:     RNS
From:   City Natural Resources High Yield Trust plc
Date:   04-Apr-05



Listing Rule 21



In accordance with paragraph 21.20 l (ii) of the Listing Rules City Natural
Resources High Yield Trust plc announces its top ten holdings, including all
holdings with a value greater than 5% of its gross assets, as at 31-Mar-05:




City Natural Resources High Yield Trust
Top 10 Holdings
Company                                            % Total Assets
Equit Life Fi 8% 07                                2.6
Alliance Pha 8 Cv 13                               2.6
Planestatn 8% Cv 10                                2.0
Anglo-Eastern Plant                                1.8
NPI 9.625% Perp 06                                 1.8
1st Hydro Fin 9% 21                                1.7
Corus & Regal 9% 06                                1.7
Brit Air 6.75 Cum Pf                               1.6
Mano River Resources                               1.6
Energem Resources                                  1.5



For further information please contact:

Martin Cassels
F&C Asset Management plc
0131 465 1000





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