Portfolio Update

Rights and Issues Inv Trust PLC
01 June 2005


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:

                                       Class               Value

HBOS                                   Ordinary            4,205,250
RPS Group                              Ordinary            4,029,750
Wellington Hldgs                       Ordinary            3,580,000
White Young Green                      Ordinary            3,317,416
Dyson                                  Ordinary            3,283,750
Hill & Smith Holdings                  Ordinary            2,645,875
Litho Supplies                         Ordinary            2,277,400
Chamberlin &  Hill                     Ordinary            1,985,000
VP                                     Ordinary            1,945,000
UCM Group                              Ordinary            1,837,500



Of the above  HBOS, RPS Group, Wellington Holdings, White Young Green and Dyson
, have a market value of greater than 5% of the Trust's gross assets.


The above information is as at 31st May 2005.







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