Portfolio Update

British Empire Sec & Gen Tst PLC
02 November 2005

BRITISH EMPIRE SECURITIES AND GENERAL TRUST PLC

In accordance with Listing Rule 15.4.11 (1) British Empire Securities & General
Trust plc announces that as at 31 October 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                                      15,809,718                 2.49%
Advance UK Trust                                               6,275,952                 0.99%
Hansa Trust Ordinary                                           2,130,605                 0.34%
Total                                                         24,216,275                 3.82%

Phoenix Administration Services Limited - Secretary
2 November 2005


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