Portfolio Update

British Portfolio Trust PLC
04 May 2005



                          BRITISH PORTFOLIO TRUST PLC

List of Top Ten Investments and all Holdings over 5% of Gross Assets at 29 April
2005, announced in accordance with Listing Rule 21.20 (l) (ii).


                     Holding                             % of Gross Assets
BP                                                              7.46
HSBC                                                            6.27
Vodafone                                                        6.18
GlaxoSmithKline                                                 5.58
Shell Transport & Trading                                       3.96
Royal Bank Scotland                                             3.74
Barclays                                                        2.99
AstraZeneca                                                     2.43
Scottish & Southern Energy                                      2.09
National Grid Transco                                           2.01



Enquiries:

Peter Ingram
Company Secretary
Tel. [phone]

4 May 2005



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