Portfolio Update

Lindsell Train Investment Trust PLC
03 April 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 March 2007 the ten largest investments were as follows:


Company                                                             Market Value (£)        Percentage of
                                                                                                portfolio

HBOS 9.25% Non-Cum Irredeemable Pref GBP1                                  3,617,265                10.12
Barr (AG) PLC Ordinary 25p                                                 3,416,715                 9.56
Lindsell Train Global Media (Distributor) Inc 'A'                          3,279,614                 9.18
Cadbury Schweppes PLC Ord 12.5p                                            2,920,960                 8.17
Nintendo Co Ltd JPY50                                                      2,440,238                 6.83
Diageo PLC Ordinary 28.935185p                                             2,386,120                 6.68
Marston's Plc Ord 7.375p                                                   2,241,090                 6.27
Lindsell Train Limited                                                     2,017,254                 5.64
2.5% Consolidated Loan Stock                                               1,837,475                 5.14
Lindsell Train Japan (Distributor) Inc                                     1,607,975                 4.50
Total                                                                     25,764,706                72.09

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

Phoenix Administration Services Limited - Secretary

3 April 2007


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