Portfolio Update

British Portfolio Trust PLC
06 September 2004


                                         BRITISH PORTFOLIO TRUST PLC
                                   PORTFOLIO SUMMARY AS AT 31 August 2004

                                                    Market Value             %
                                                          £

FTSE 100 Index                                       46,352,372            70.65
FTSE 250 Index                                       11,830,052            18.03
FTSE Small Cap                                        3,489,757             5.32
Cash                                                  2,967,653             4.52
Other                                                   967,943             1.48

Total Assets less Current Liabilities                65,607,777



Enquiries:

P W I Ingram
Company Secretary
Tel: [phone]
6 September 2004

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