Portfolio Update

Rights and Issues Inv Trust PLC
02 April 2004


Rights and Issues Investment Trust Plc


In accordance with UKLA Listing Rule 21.20 (l) (ii), the following list
represents the Trust's ten largest investments and where appropriate, any
invesment with a value greater than 5% of the Trust's gross assets:

Name of Company                     Class                 Value

Enterprise Inns                     Ordinary                         4,270,000
HBOS                                Ordinary                         3,885,000
RPS Group                           Ordinary                         3,213,000
Dyson                               Ordinary                         2,451,250
Merrydown                           Ordinary                         2,430,450
White Young Green                   Ordinary                         2,399,833
Litho Supplies                      Ordinary                         2,296,700
Wellington Hldgs                    Ordinary                         2,210,000
Colefax Group                       Ordinary                         1,785,000
Chamberlin &  Hill                  Ordinary                         1,775,000


Of the above Enterprise Inns, HBOS and RPS Group have a market value of greater
than 5% of the Trust's gross assets.


The above information is as at 31st March 2004.



                      This information is provided by RNS
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