Ten Largest Investments

Investment Company PLC
04 May 2006



The Investment Company plc


Ten Largest Investments


The Investment Company plc announces that, as at 31st March 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                                              1,035,580
     6% 1st cum pref £1                                                  387,047                       9.51

2.   REA Holdings
     9% cum pref £1                                                      960,009                       8.04

3.   Whitbread Hotel Co
     4.5% 'A' cum pref £1                                                546,640
     6.5% 'A' cum pref £1                                                496,037                       7.79



Investments under 5% of total assets


      Stock                                                              Shares             % of portfolio
4.    Equitable Life Finance
      8% sub gtd bonds 2049                                             600,000                       4.53

5.    Coats International
      6% red pref stock £1                                              624,347                       4.28

6.    Fishguard & Rosslare Railways &

      Harbour Co
      3.5% gtd pref stock £1                                            775,999                       4.11

7.    Dunlop Plantations
      6% cum pref £1                                                    538,493                       3.29

8.    Amalgamated Metal
      5.4% cum pref stock £1                                            256,065
      6% cum pref £1                                                    213,510                       3.04

9.    Fiske
      Ordinary 25p                                                      455,000                       2.90

10.   Renold
      6% cum pref £1                                                    422,109                       2.80

      Total                                                                                          50.29


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