Top Ten Holdings

MURRAY INCOME TRUST PLC


In accordance with UKLA Listing Rule 21.20(l)(ii) as at 31 December 2004, the
Company has the following investments with a value greater than 5% of the
Company's gross assets:


Security                             % Gross Assets

BP                                   7.79
Shell Transport & Trading Ord        6.92
HSBC Holdings                        6.29


A list of the 10 largest investments as at 31 December 2004 is detailed below:

Security                             % Gross Assets

BP Ord                               7.79
Shell Transport & Trading            6.92
HSBC Holdings Ord                    6.29
Barclays                             4.63
Lloyds TSB Group                     4.17
Royal Bank of Scotland Group         4.11
Aviva                                4.01
GUS                                  3.41
Diageo                               2.93
Slough Estates                       2.87


Aberdeen Asset Management
Secretary to Murray Income Trust PLC