Portfolio Update

Pacific Horizon Investment Tst PLC
04 August 2005

                      PACIFIC HORIZON INVESTMENT TRUST PLC

   Statement of Top Ten Investments and all Holdings Over 5% of Total Assets



31 July 2005


No      Holding                                                     % of Total
                                                                       Assets

1.      Cheung Kong                                                     3.4%
2.      Petrochina                                                      3.4%
3.      Pacific Basin Shipping                                          3.3%
4.      Samsung Corporation                                             3.3%
5.      Malaysia International Shipping Corporation                     2.9%
6.      Bumi Resources                                                  2.9%
7.      CNPC Hong Kong                                                  2.4%
8.      Hon Hai Precision Industries                                    2.4%
9.      CNOOC                                                           2.2%
10.     MobileOne                                                       2.2%





                                                           Baillie Gifford & Co.
                                                             Company Secretaries
                                                                   3 August 2005






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