Geographical Distribution

Brunner Investment Trust PLC
6 October 2004





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


                                                           VALUE                                  %


CASH                                                       49,650,922                         20.61

UNITED KINGDOM                                            106,517,133                         44.23

NORTH AMERICA                                              44,213,896                         18.36

EUROPE                                                     22,095,600                          9.17

PACIFIC EX JAPAN                                            8,312,503                          3.45

ASIA                                                        9,303,697                          3.86

LATIN AMERICA                                                       0                          0.00

Other Intl                                                    756,891                          0.31

Total Assets less Current Liabilities                     240,850,642                         99.99


Europe
   Austria                                                    989,398                         0.41%
   Belgium                                                    777,121                         0.32%
   Denmark                                                    787,674                         0.33%
   Finland                                                                                    0.00%
   France                                                   4,048,939                         1.68%
   Germany                                                  7,109,681                         2.95%
   Greece                                                   1,314,141                         0.55%
   Italy                                                    2,242,968                         0.93%
   Netherlands                                              1,816,636                         0.75%
   Norway                                                                                     0.00%
   Portugal                                                                                   0.00%
   Russia                                                     715,509                         0.30%
   Spain                                                                                      0.00%
   Sweden                                                                                     0.00%
   Switzerland                                              2,293,533                         0.95%
                                                           22,095,600                         9.17%

Other Pacific
   Australia                                                2,507,135                         1.04%
   China                                                                                      0.00%
   Hong Kong                                                2,626,444                         1.09%
   Korea                                                    2,400,874                         1.00%
   Malaysia - incl Govett Asian Smlr                                                          0.00%
   New Zealand                                                778,050                         0.32%
   Singapore                                                                                  0.00%
   Taiwan                                                                                     0.00%
                                                            8,312,503                         3.45%

Latin America

Latin America -  Brazil                                             0                         0.00%
                                                                    0                         0.00%


United Kingdom
UK total per valuation                                    131,409,633                        54.56%
Less Fixed Interest                                       -24,892,500                       -10.34%

                                                          106,517,133                        44.22%

North America
USA                                                        41,859,557                        17.38%
Canada                                                      2,354,339                         0.98%
Mexico                                                                                        0.00%

                                                           44,213,896                        18.36%

Asia
Japan                                                       9,303,697                         3.86%
India - DRCM India Fund                                             0                         0.00%
                                                            9,303,697                         3.86%

Other Int'l
Other Int'l                                                   756,891                         0.31%
                                                              756,891                         0.31%
TOTAL                                                     191,199,720


Enquiries:

Kirsten Salt
Company Secretary
Tel:  [phone]

6 October 2004









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