Portfolio Disclosure

Jupiter Second Enhanced Inc.Tst.PLC
05 January 2005


Jupiter Second Enhanced Income Trust PLC

Pursuant to Listing Rule 21.20(l)(ii), Jupiter Second Enhanced Income Trust PLC
announces that, as at close of business on 31st December 2004, its ten largest
investments were as follows:

           Name of Security
       1   Royal Bank of Scotland
       2   Shell Transport & Trading
       3   BT
       4   HBOS
       5   Kelda
       6   BP
       7   Lloyds TSB
       8   BRIT Insurance
       9   RAC
      10   Viridian

There were no other investments with a value greater than 5% of the Company's
total assets.

A monthly fact sheet for the Company is available on request from the Company
Secretaries and from www.jupiteronline.co.uk.

By order of the Board.
Jupiter Asset Management Limited, Company Secretaries.




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