Portfolio Update

Pacific Horizon Investment Tst PLC
04 November 2005


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


31 October 2005


No      Holding                                                      % of Total
                                                                      Assets

1.      Petrochina                                                     3.7%
2.      Samsung Corporation                                            3.6%
3.      Cheung Kong                                                    3.4%
4.      Pacific Basin Shipping                                         3.4%
5.      Malaysia International Shipping Corporation                    3.1%
6.      Bumi Resources                                                 2.8%
7.      CNPC Hong Kong                                                 2.6%
8.      Thai Union Frozen - NVDR                                       2.6%
9.      Samsung Heavy Industries                                       2.3%
10.     Hon Hai Precision Industries                                   2.3%



                                                           Baillie Gifford & Co.
                                                             Company Secretaries
                                                                 4 November 2005


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