Portfolio Update

British Portfolio Trust PLC
05 November 2004


                                         BRITISH PORTFOLIO TRUST PLC
                                   PORTFOLIO SUMMARY AS AT 29 October 2004

                                                                                  Market Value            %
                                                                                       £

FTSE 100 Index                                                                    50,233,219            73.08
FTSE 250 Index                                                                    13,031,318            18.96
FTSE Small Cap                                                                     1,708,275             2.49
Cash                                                                               3,761,399             5.47


Total Assets less Current Liabilities                                             68,734,211



Enquiries:


P W I Ingram
Company Secretary
Tel: [phone]
5 November 2004


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