Geographical Distribution

Brunner Investment Trust PLC
5 November 2004


                                 THE BRUNNER INVESTMENT TRUST PLC
                          Geographical Distribution as at 29 October 2004


                                                           VALUE                                  %


CASH                                                       48,050,843                         19.84

UNITED KINGDOM                                            110,245,310                         45.51

NORTH AMERICA                                              41,900,120                         17.30

EUROPE                                                     23,267,340                          9.61

PACIFIC EX JAPAN                                            8,144,852                          3.36

ASIA                                                        9,874,065                          4.08

LATIN AMERICA                                                       0                          0.00

Other Intl                                                    747,926                          0.31

Total Assets less Current Liabilities                     242,230,457                        100.01




Europe
   Austria                                                  1,036,239                         0.43%
   Belgium                                                    815,319                         0.34%
   Denmark                                                    772,976                         0.32%
   Finland                                                                                    0.00%
   France                                                   5,030,330                         2.08%
   Germany                                                  6,502,653                         2.68%
   Greece                                                   1,144,757                         0.47%
   Italy                                                    2,778,168                         1.15%
   Netherlands                                              2,275,562                         0.94%
   Norway                                                                                     0.00%
   Portugal                                                                                   0.00%
   Russia                                                                                     0.00%
   Spain                                                                                      0.00%
   Sweden                                                                                     0.00%
   Switzerland                                              2,911,337                         1.20%
                                                           23,267,340                         9.61%



Other Pacific
   Australia                                                2,444,873                         1.01%
   China                                                                                      0.00%
   Hong Kong                                                3,064,015                         1.26%
   Korea                                                    2,384,444                         0.98%
   Malaysia - incl Govett Asian Smlr                                                          0.00%
   New Zealand                                                251,520                         0.10%
   Singapore                                                                                  0.00%
   Taiwan                                                                                     0.00%
                                                            8,144,852                         3.35%

Latin America
  Latin America -  Brazil                                           0                         0.00%
                                                                    0                         0.00%


United Kingdom
UK total per valuation                                    135,205,310                        55.82%
Less Fixed Interest                                       -24,960,000                       -10.30%

                                                          110,245,310                        45.52%

North America
USA                                                        39,105,233                        16.14%
Canada                                                      2,794,888                         1.15%
Mexico                                                                                        0.00%

                                                           41,900,120                        17.29%

Asia
Japan                                                       9,874,065                         4.08%
India - DRCM India Fund                                             0                         0.00%
                                                            9,874,065                         4.08%

Other Int'l
Other Int'l                                                   747,926                         0.31%
                                                              747,926                         0.31%
TOTAL                                                     194,179,612





Enquiries:

Kirsten Salt
Company Secretary
Tel:  [phone]


5 November 2004











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