Portfolio Update

Rights and Issues Inv Trust PLC
04 May 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                         4,280,500
HBOS                                Ordinary                         3,848,250
RPS Group                           Ordinary                         3,017,250
Dyson                               Ordinary                         2,650,125
Merrydown                           Ordinary                         2,369,075
White Young Green                   Ordinary                         2,329,249
Wellington Hldgs                    Ordinary                         2,250,000
Litho Supplies                      Ordinary                         2,142,300
Colefax Group                       Ordinary                         2,005,500
Chamberlin &  Hill                  Ordinary                         1,675,000



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


The above information is as at 30th April 2004.







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