Geographical Distribution

Brunner Investment Trust PLC
7 July 2004



                                 THE BRUNNER INVESTMENT TRUST PLC
                           Geographical Distribution as at 30 June 2004


                                                             VALUE                             %



CASH                                                       45,559,274                         18.86

UNITED KINGDOM                                            104,892,821                         43.41

NORTH AMERICA                                              49,298,784                         20.40

EUROPE                                                     23,083,289                          9.55

PACIFIC EX JAPAN                                            6,625,615                          2.74

ASIA                                                       12,154,620                          5.03

LATIN AMERICA                                                       0                          0.00

Other Intl                                                          0                          0.00

Total Assets less Current Liabilities                     241,614,403                         99.99




Europe
   Austria                                                    931,597                         0.39%
   Belgium                                                    765,639                         0.32%
   Denmark                                                    914,789                         0.38%
   Finland                                                                                    0.00%
   France                                                   4,579,612                         1.90%
   Germany                                                  5,785,808                         2.39%
   Greece                                                   1,359,474                         0.56%
   Italy                                                    2,118,445                         0.88%
   Netherlands                                              1,022,493                         0.42%
   Norway                                                     856,745                         0.35%
   Portugal                                                                                   0.00%
   Russia                                                     619,439                         0.26%
   Spain                                                      759,563                         0.31%
   Sweden                                                                                     0.00%
   Switzerland                                              3,369,684                         1.39%
                                                           23,083,289                         9.55%



Other Pacific
   Australia                                                2,351,196                         0.97%
   China                                                                                      0.00%
   Hong Kong                                                2,921,132                         1.21%
   Korea                                                      668,162                         0.28%
   Malaysia - incl Govett Asian Smlr                                                          0.00%
   New Zealand                                                685,125                         0.28%
   Singapore                                                                                  0.00%
   Taiwan                                                                                     0.00%
                                                            6,625,615                         2.74%

Latin America

Latin America -  Brazil                                             0                         0.00%
                                                                    0                         0.00%


United Kingdom
UK total per valuation                                    129,597,821                        53.64%
Less Fixed Interest                                       -24,705,000                       -10.22%

                                                          104,892,821                        43.42%

North America
USA                                                        47,142,610                        19.51%
Canada                                                      2,156,174                         0.89%
Mexico                                                                                        0.00%

                                                           49,298,784                        20.40%

Asia
Japan                                                      12,154,620                         5.03%
India - DRCM India Fund                                             0                         0.00%
                                                           12,154,620                         5.03%

Other Int'l
Other Int'l                                                                                   0.00%
                                                                    0                         0.00%
TOTAL                                                     196,055,129






Enquiries:


Kirsten Salt
Company Secretary
Tel:  [phone]



7 July 2004







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