Portfolio Update

Pacific Horizon Investment Tst PLC
07 February 2006


                      PACIFIC HORIZON INVESTMENT TRUST PLC
   Statement of Top Ten Investments and all Holdings Over 5% of Total Assets

31 January 2006

No      Holding                                                   % of Total
                                                                    Assets

1.      Samsung Corporation                                          4.2%
2.      CNPC Hong Kong                                               3.9%
3.      Petrochina                                                   3.5%
4.      Hon Hai Precision Industries                                 2.7%
5.      Pacific Basin Shipping                                       2.5%
6.      Hong Kong Exchanges & Clearing                               2.5%
7.      TSMC                                                         2.5%
8.      Buni Resources                                               2.5%
9.      Misc FB                                                      2.4%
10.     Sinopec                                                      2.3%



                                                           Baillie Gifford & Co.
                                                             Company Secretaries
                                                                 6 February 2006


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