Portfolio Update-Amendment

Lindsell Train Investment Trust PLC
19 October 2004


THE LINDSELL TRAIN INVESTMENT TRUST PLC

The Lindsell Train Investment Trust PLC announces that the announcement made in
accordance with Listing Rule 21.20 (l)(ii) at 14.27 on 4 October 2004 (RNS No:
6656D) omitted to state the 2.5% Consolidated Loan Stock and Treasury 2.5%
Stock. The correct ten largest investments as at 30 September 2004 were as
follows:

Company                                           Market Value (£)    Percentage 
                                                                    of portfolio
US Treasury 6.25% 15/05/2030                             2,524,794          9.78
Lindsell Train Global Media (Distributor) Inc A          2,271,193          8.80
Lindsell Train Japan (Distributor) Inc                   2,101,441          8.14
HBOS 9.25% Non-Cum Irredeemable Preference               2,081,118          8.06
Glenmorangie plc 'A' (Limited Voting)                    2,070,975          8.02
Barr AG                                                  1,921,228          7.44
UK Treasury 2.5% Consolidated Loan Stock                 1,777,510          6.89
UK Treasury 2.5%                                         1,322,750          5.12
Glenmorangie plc 'B'                                     1,279,770          4.96
Cadbury Schweppes PLC                                    1,248,030          4.84
Total                                                   18,598,809         72.05

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

For Phoenix Administration Services Limited
Secretary
19 October 2004


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