Portfolio Update

British Empire Sec & Gen Tst PLC
01 September 2006

BRITISH EMPIRE SECURITIES AND GENERAL TRUST PLC

In accordance with Listing Rule 15.4.11 (1), British Empire Securities and
General Trust plc announces that at 31 August 2006 it had the following holdings
in other UK listed investment companies (including listed investment trusts)
which do not have a stated investment 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

Alliance Trust Plc Ord 2.5p           21,026,711                        2.97
Hansa Trust 'A' Ordinary 5p            9,166,590                        1.30
Advance UK Trust Plc Ord 1p            4,840,193                        0.69
                                                     
Total                                 35,033,494                        4.96


Phoenix Administration Services Limited - Secretary

1 September 2006


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