Portfolio Update Top Ten Holdings

Jupiter Second Enhanced Income Trust PLC

     Pursuant to Listing Rule 15.4.11.(2), Jupiter Second Enhanced Income  Trust
     PLC  announces that, as at close of business on 31st December 2006, its ten
     largest investments were as follows:

        Name of Security
    1   BT Group
    2   Intermediate Capital Group
    3   Royal Bank of Scotland
    4   Mitchells & Butlers
    5   Royal Dutch Shell `B'
    6   HBOS
    7   Vodafone
    8   Kelda
    9   Alliance & Leicester
    10  Bellway

     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.