Portfolio Update

British Empire Sec & Gen Tst PLC
03 May 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 28 April 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

The Alliance Trust Plc Ord 25p                                 15,490,151                           2.05%

Hansa Trust 'A' Ordinary 5p                                    10,162,830                           1.36%

Advance UK Trust Plc Ord 1p                                     7,681,016                           1.03%

The Second Alliance Trust Plc Ord 25p                           6,883,848                           0.91%

F&C Private Equity Trust 'B' Shares                             2,778,577                           0.37%

Total                                                          42,996,422                           5.72%


Phoenix Administration Services Limited - Secretary

3 May 2006


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