Portfolio Update

British Portfolio Trust PLC
02 February 2005


                          BRITISH PORTFOLIO TRUST PLC

List of Top Ten Investments and all Holdings over 5% of Gross Assets at 31
January 2005, announced in accordance with Listing Rule 21.20 (l) (ii).


Holding                                                   % of Gross Assets

BP                                                                     7.51

HSBC                                                                   6.35

Vodafone                                                               5.99

GlaxoSmithkline                                                        4.81

Royal Bank of Scotland                                                 4.03

Shell Transport & Trading                                              3.76

Barclays                                                               3.12

AstraZeneca                                                            2.04

NHP                                                                    2.01

BT                                                                     1.81


Enquiries :

Peter Ingram

Company Secretary

Tel. [phone]

2 February 2005



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