Portfolio Update

Finsbury Growth Trust PLC
02 April 2004



                                                                    2 April 2004




                    FINSBURY GROWTH TRUST PLC
                           (the 'Company')



                 QUARTERLY STATEMENT OF INVESTMENTS



In compliance with the Listing Rules - Chapter 21 Investment Entities (I)(ii),
the Company discloses the following:


  • Investments valuing greater than 5% of the Company's gross assets comprise
    the following:


Company Name                                                        Value of Investment at      % of Total
                                                                         31March 2003       Portfolio  Assets
                                                                         
Cadbury Schweppes Ord                                                     6,949,800                8.48
Wolverhampton & Dudley Breweries                                          6,425,840                7.85
Barr (AG) Ord                                                             5,754,916                7.03
HBOS Ord                                                                  5,719,500                6.98
Halifax Non Cum Pref                                                      5,512,741                6.73
Reuters Group Ord                                                         4,876,200                5.95
Manchester United FC Ord                                                  4,520,560                5.52
Bradford & Bingley Ord                                                    4,425,000                5.40
Shell Transport & Trading Ord                                             4,321,277                5.28





  • The ten largest investments held by the Company comprise the following:


Company Name                                                         Value of Investment at      % of Total
                                                                         31 March 2003        Portfolio Assets
                                                                    

Cadbury Schweppes Ord                                                      6,949,800                8.48
Wolverhampton & Dudley Breweries                                           6,425,840                7.85
Barr (AG) Ord                                                              5,754,916                7.03
HBOS Ord                                                                   5,719,500                6.98
Halifax Non Cum Pref                                                       5,512,741                6.73
Reuters Group Ord                                                          4,876,200                5.95
Manchester United FC Ord                                                   4,520,560                5.52
Bradford & Bingley Ord                                                     4,425,000                5.40
Shell Transport & Trading Ord                                              4,321,277                5.28
Glenmorangie 'A' Ord                                                       3,938,000                4.81







                                    - ENDS -



For further information please contact:
Tracey Gower, Company Secretary
Close Finsbury Asset Management Limited
Telephone: [phone]


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