Ten Largest Investments

Investment Company PLC
19 October 2006




The Investment Company plc


Ten Largest Investments


The Investment Company plc announces that, as at 30th September 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                  1,280,099                       8.48

2.   REA Holdings
     9% cum pref £1                          960,009                       7.83

3.   Whitbread Hotel Co
     4.5% 'A' cum pref £1                    546,640
     6.5% 'A' cum pref £1                    496,037                       7.68



Investments under 5% of total assets


      Stock                                 Shares             % of portfolio
4.    Equitable Life Finance
      8% sub gtd bonds 2049                 600,000                       4.49

5.    Coats International
      6% red pref stock £1                  624,347                       4.39

6.    Fiske                                 736,000                       4.17
      Ordinary 25p

7.    Fishguard & Rosslare Railways &
      Harbour Co
      3.5% gtd pref stock £1                775,999                       4.07

8.    Dunlop Plantations
      6% cum pref £1                        538,493                       3.39

9.    Satcom Group Holdings
      8% Conv Bonds 30/06/09                280,000
      8% Conv Bonds 31/12/10                    100                       3.28

10.   Amalgamated Metal
      5.4% cum pref stock £1                256,065
      6% cum pref £1                        213,510                       3.02


      Total                                                              50.80




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