Portfolio Update

Lindsell Train Investment Trust PLC
03 January 2007

THE LINDSELL TRAIN INVESTMENT TRUST PLC

In accordance with Listing Rule 15.4.11 (2) The Lindsell Train Investment Trust
PLC announces that at 31 December 2006 the ten largest investments were as
follows:


Company                                                             Market Value (£)        Percentage of
                                                                                                portfolio

HBOS 9.25% Non-Cum Irredeemable Pref GBP1                                  3,688,776                10.96
Barr (AG) PLC Ordinary                                                     3,071,810                 9.13
Lindsell Train Global Media (Distributor) Inc 'A'                          3,048,630                 9.06
Diageo PLC Ordinary 28 101/108p                                            2,325,800                 6.91
Wolverhampton & Dudley Breweries Ord 25p                                   2,300,836                 6.84
Cadbury Schweppes PLC Ord 12.5p                                            2,192,190                 6.51
Nintendo Co Ltd JPY50                                                      2,120,032                 6.30
2.5% Consolidated Loan Stock                                               1,929,600                 5.73
Lindsell Train Management Limited                                          1,777,534                 5.28
US Treasury 6.25% 15/05/2030                                               1,586,365                 4.71

Total                                                                     24,041,573                71.43

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

Phoenix Administration Services Limited - Secretary

3 January 2007

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