Ten Largest Investments

Investment Company PLC
17 January 2007




The Investment Company plc



Ten Largest Investments



The Investment Company plc announces that, as at 31st December 2006, its ten
largest investments were as follows:





Investments over 5% of total assets




     Stock                                                                Shares             % of portfolio

1.   Delta
     4.5% 2nd cum pref £1                                              1,380,099                       8.17

2.   REA Holdings
     9% cum pref £1                                                      910,009
     9.5% Gtd Notes 31/12/15/17                                          100,000                       8.02

3.   Whitbread Hotel Co
     4.5% 'A' cum pref £1                                                546,640
     6.5% 'A' cum pref £1                                                496,037                       7.40



Investments under 5% of total assets


      Stock                                                              Shares             % of portfolio
4.    Equitable Life Finance
      8% sub gtd bonds 2049                                             600,000                       4.33

5.    Fiske
      Ordinary 25p                                                      736,000                       4.28

6.    Coats International
      6% red pref stock £1                                              624,347                       4.27

7.    Fishguard & Rosslare Railways &

      Harbour Co
      3.5% gtd pref stock £1                                            775,999                       3.98

8.    Dunlop Plantations
      6% cum pref £1                                                    538,493                       3.30
9.    Satcom Group Holdings
      8% Conv Bonds 30/06/09                                            280,000
      8% Conv Bonds 31/12/10                                                100                       3.19

10.   Amalgamated Metal
      5.4% cum pref stock £1                                            256,065
      6% cum pref £1                                                    213,510                       2.91

      Total                                                                                          49.85




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