Listing Rule 21.20

British Empire Sec & Gen Tst PLC
02 June 2005



BRITISH EMPIRE SECURITIES AND GENERAL TRUST PLC

In accordance with Listing Rule 21.20 (l)(i), British Empire Securities &
General Trust plc announces that as at 31 May 2005 it had the following 
holdings in other UK listed investment companies (including listed 
investment trusts) not having a stated policy to invest no more than 15% of 
their gross assets in other listed UK investment companies (including listed 
investment trusts):

Name                                       Market Value (£)      Percentage of 
                                                                   portfolio

Hansa Trust 'A' Ordinary                   13,425,713                2.45%
Advance UK Trust                            8,307,000                1.51%
Utilico Investment Trust plc Ordinary       2,858,795                0.52%
Hansa Trust Ordinary                        1,783,724                0.33%
Total                                      26,375,232                4.81%

Phoenix Administration Services Limited - Secretary
2 June 2005


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