Ten Largest Investments

Investment Company PLC
11 October 2005


The Investment Company plc

Ten Largest Investments

The Investment Company plc announces that, as at 30 September 2005, 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                       7.70

2.   REA Holdings
     9% cum pref £1                                                      960,009                       7.30

3.   Whitbread Hotel Co
     4.5% 'A' cum pref £1                                                546,640
     6.5% 'A' cum pref £1                                                496,037
     7% cum pref £1                                                       86,738                       7.21



Investments under 5% of total assets


      Stock                                                              Shares             % of portfolio
4.    Equitable Life Finance
      8% sub gtd bonds 2049                                             600,000                       4.07

5.    Peninsular & Oriental Steam

      Navigation Co
      5% cum pref stock                                                 514,151
      5.5% non-cum pref £1                                              150,000                       3.85

6.    Coats International
      6% red pref stock £1                                              624,347                       3.81

7.    Fishguard & Rosslare Railways &

      Harbour Co
      3.5% gtd pref stock £1                                            775,999                       3.47

8.    Amalgamated Metal
      5.4% cum pref stock £1                                            256,065
      6% cum pref £1                                                    213,510                       2.67

9.    Dunlop Plantations
      6% cum pref £1                                                    488,493                       2.59

10.   Courtaulds Clothing Brands
      7.5% cum pref £1                                                  351,052                       2.50

      Total                                                                                          45.17



                      This information is provided by RNS
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