Portfolio Update

Rights and Issues Inv Trust PLC
02 March 2004


Rights and Issues Investment Trust Plc


In accordance with UKLA Listng 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                    4,329,500
RPS Group                      Ordinary                    4,306,500
HBOS                           Ordinary                    3,858,750
Dyson                          Ordinary                    2,590,000
Merrydown                      Ordinary                    2,504,100
White Young Green              Ordinary                    2,406,249
Litho Supplies                 Ordinary                    2,026,500
Wellington Hldgs               Ordinary                    2,010,000
Colefax Group                  Ordinary                    1,753,500
UCM Group                      Ordinary                    1,526,250


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


The above information is as at 27st February 2004.







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