10 Largest Investments

EDINBURGH SMALL COMPANIES TRUST PLC - 10 LARGEST INVESTMENTS


The  company announces that the ten largest investments as at close of  business
on 30 September 2004 were as follows:


Company                                         % of Gross
                                                  Assets
TOPPS TILES ORD GBP0.025                           2.43
WORKSPACE GROUP ORD GBP0.10                        2.07
MAJESTIC WINE ORD GBP0.075                         2.05
NORTHGATE ORD GBP0.05                              1.91
INTERMEDIATE CAP ORD GBP0.20                       1.87
TELECOM PLUS ORD GBP0.05                           1.85
ALBA ORD GBP0.10                                   1.72
NHP ORD GBP0.01                                    1.60
MEARS GROUP PLC ORD GPB0.01                        1.58
VICTREX ORD GBP0.01                                1.57
TOTAL                                             18.65




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