Monthly Portfolio Disclosure

British Empire Sec & Gen Tst PLC
02 December 2003



In accordance with UKLA Listing Rule 21.20 (1)(ii) British Empire Securities &
General Trust plc announces the following portfolio disclosure as at 30 November
2003, in other UK listed investment companies (including investment trusts)
which themselves do not have a stated invesment policy to invest no more than
15% of their gross assets in other UK listed investment companies (including
investment trusts):

BRITISH EMPIRE SECURITIES & GENERAL TRUST plc



Restricted Investment Trusts

NAME                                     Market Value    % Gross Assets
------                                   -------------- ----------------

ADVANCE UK TRUST ORD GBP0.01                6,617,200             1.63

HANSA TRUST ORD GBP0.05                     2,055,447             0.51

HANSA TRUST A NON VTG ORD GBP0.05          22,415,574             5.52

ATLANTIS JAPAN GROWTH FUND ORD USD0.01      7,797,635             1.92
(UK)

RUTLAND TRUST ORD GBP0.01                   2,375,163             0.59

                                                Total            10.17
                                               -------






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