Listing Rule 21.20

Lindsell Train Investment Trust PLC
04 July 2005

THE LINDSELL TRAIN INVESTMENT TRUST PLC

In accordance with Listing Rule 21.20 (l)(ii), The Lindsell Train Investment
Trust PLC announces that at 30 June 2005 the ten largest investments were as
follows:
Company                                                             Market Value (£)        Percentage of
                                                                                                portfolio
US Treasury 6.25% 15/05/2030                                               2,809,976                10.16
Barr (AG) PLC Ordinary                                                     2,768,671                10.01
Lindsell Train Global Media (Distributor) Inc A                            2,483,672                 8.98
HBOS 9.25% Non-Cum Irredeemable Pref GBP1                                  2,469,555                 8.93
Lindsell Train Japan (Distributor) Inc                                     2,118,551                 7.66
2.5% Consolidated Loan Stock                                               1,938,310                 7.01
Cadbury Schweppes PLC Ord 12.5p                                            1,918,800                 6.94
Diageo PLC Ordinary 28 101/108p                                            1,646,000                 5.95
Wolverhampton & Dudley Breweries                                           1,466,942                 5.30
Treasury 2.5%                                                              1,436,250                 5.19
Total                                                                     21,056,727                76.13

There were no additional investments with a value greater than 5% of the
Company's portfolio.

Phoenix Administration Services Limited - Secretary

4 July 2005


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