Portfolio Update

Acorn Income Fund Ld
04 January 2006

Acorn Income Fund Limited (the 'Company')



Disclosure requirement re : UKLA Listing Rule 15.4.11



In accordance with the UKLA Listing Rule 15.4.11, the following list represents
the Company's ten largest investments as at 31 December 2005:



Name of Company
James Halstead Ord GBP0.10
Rotork Ord GBP0.05
Conversion 9% Loan Stock 2011
Pendragon Ord GBP0.25
Renishaw Ord GBP0.20
Robert Walters Ord GBP0.20
Diploma Ord GBP0.05
Laird Group Ord GBP0.25
Fenner Ord GBP0.25
Bss Group Ord Gbp0.05




                      This information is provided by RNS
            The company news service from the London Stock Exchange