Portfolio Update

Lindsell Train Investment Trust PLC
03 October 2006




THE LINDSELL TRAIN INVESTMENT TRUST PLC

In accordance with Listing Rule 15.4.11 (2), The Lindsell Train Investment Trust
PLC announces that at 30 September 2006 the ten largest investments were as
follows:


Company                                                  Market Value     Percentage of
                                                                  (£)         portfolio

HBOS 9.25% Non-Cum Irredeemable Pref GBP1                   3,748,368             11.57
Barr (AG) PLC Ordinary                                      3,061,032              9.47
Lindsell Train Global Media (Distributor) Inc A             2,989,675              9.13
Cadbury Schweppes PLC Ord 12.5p                             2,195,320              6.71
Diageo PLC Ordinary 28 101/108p                             2,187,760              6.68
2.5% Consolidated Loan Stock                                1,978,845              6.04
Wolverhampton & Dudley Breweries Ord 25p                    1,826,686              5.59
Nintendo Co Ltd JPY50                                       1,760,769              5.39
US Treasury 6.25% 15/05/2030                                1,676,062              5.12
Lindsell Train Japan (Distributor) Inc                      1,633,704              4.99

Total                                                      23,058,221             70.69


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

Phoenix Administration Services Limited - Secretary

3 October 2006




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