Portfolio Update

Investors Capital Trust PLC
18 April 2007




Investors Capital Trust plc - ordinary units





ALL DATA AS AT 31st March 2007



THIS DATA WILL BE AVAILABLE ON THE F&C ASSET MANAGEMENT WEB-SITE, http://
www.fandc.com/ FROM APPROXIMATELY 18th April 2007.




Top ten equity holdings

Royal Dutch Shell                       3.2%
BP  Plc                                 3.0%
Royal Bank of Scotland Group            2.7%
GlaxoSmithKline                         2.6%
HSBC Holdings                           2.5%
Vodafone Group                          2.3%
Imperial Tobacco                        2.0%
Enterprise Inns                         1.9%
Tesco                                   1.9%
AstraZeneca                             1.7%

Total                                  23.8%




Top ten bond holdings

Cattles 8.625% 07/12/07                 0.7%
Commerzbank 7.875% 07/12/07             0.7%
Dresdner Bank 7.75% 07/12/07            0.6%
EMI 8.25% 20.05/08                      0.6%
Canandaigua Brand 8.5% 15/11/09         0.6%
Slough Estates 7.125% 17/02/10          0.6%
Daimler 5.125% 04/02/08                 0.6%
Reliance Industries 8.75% 13/08/07      0.6%
Ford Credit 7.24% 07?12/07              0.5%
Countrywide 5.875% 15/12/08             0.5%

Total  0.6%




Sector allocation

FTSE 100     53.8%
FTSE 250     9.4%
Cash and Fixed Interest   36.8%

Total    100.0%




Actual gearing:  78.6
Potential gearing:  124.4














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