Top 10

City Natural Res High Yield Tst PLC
5 January 2005


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




City Natural Resources High Yield Trust
Top 10 Holdings
Company                                            % Total Assets
Cons Min 9% Cv 05                                  3.0
Alliance Pha 8 Cv 13                               2.8
Equit Life Fi 8% 07                                2.6
Planestatn 8% Cv 10                                2.3
Kirkland Lake Gold                                 2.2
UK Coal                                            1.9
Anglo-Eastern Plant                                1.9
NPI 9.625% Perp 06                                 1.8
Matrix Metals                                      1.8
1st Hydro Fin 9% 21                                1.7





For further information please contact:

Martin Cassels
F&C Asset Management plc
0131 465 1000





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