Interim Management Statement

Brunner Investment Trust PLC
16 April 2008

The Brunner Investment Trust PLC




Interim Management Statement



For the quarter ended 29 February 2008



This interim management statement relates to the quarter from 1 December 2007 to
29 February 2008 and contains information for that period unless otherwise
stated. This statement is produced to provide information in accordance with the
UK Listing Authority's Disclosure and Transparency Rules.





Investment objective and benchmark



The Trust aims to provide growth in capital value and dividends over the long
term through investing in a portfolio of UK and international securities.



The current benchmark, since 25 March 2008, is: 50% FTSE All-Share and 50% FTSE
World Index (ex UK, sterling).





Portfolio



Top ten holdings at 29 February 2008 and percentage of total gross assets:


                                          £                             %
5% Treasury Stock 2008                   19,987,500                     6.62
BP                                       9,813,910                      3.25
Vodafone Group                           9,679,495                      3.21
Royal Dutch Shell 'B' Shares             9,469,671                      3.14
HSBC                                     8,749,895                      2.90
GlaxoSmithKline                          7,794,909                      2.58
Rio Tinto                                6,527,898                      2.16
BG Group                                 5,793,024                      1.92
Xstrata                                  5,431,326                      1.80
Anglo American                           5,422,973                      1.80

Total gross assets                       £301,947,249



Material events and transactions



During the period 110,000 Ordinary Shares were purchased for cancellation at a
total cost of £517,737.





Financial Performance  to 29 February 2008


                                                      % change
                                         3m           6m           1yr           3yrs           5yrs
Share price                           -5.12         -1.51         1.38          47.24          93.52
Net Asset Value                       -9.23         -3.98         1.99          34.49          75.40
Benchmark*                            -7.32         -6.21        -4.01          22.45          67.24



* As at 29 February 2008: 60% FTSE All-Share and 40% FTSE World Index (ex UK,
sterling) total return.

Source: Datastream



Financial position at 29 February and  16 April 2008


                                                   29 February                                   16 April
Total gross assets                                £301,947,249                               £302,358,031
Net assets                                        £248,818,713                               £248,663,977
Share price                                            440.20p                                    441.00p
Net asset value1                                       514.60p                                    520.15p
Discount2                                               14.46%                                     15.22%
Gearing                                                106.10%                                    106.60%



1Capital Net asset values are calculated and announced daily.

2 The discount is the difference between the share price and the NAV per share
expressed as a percentage of the NAV per share.





Company Information

Launch date                            1927
EPIC                                   BUT
Year end                               30 November
Report and Accounts                    Final posted February, half-yearly posted July
AGM                                    March
Price Information                      Financial Times, The Daily Telegraph,  www.allianzgi.co.uk





Investor information



Further up to date information, including Net Asset Values and share prices, and
the latest available factsheets and portfolio information, is provided on the
Manager's website, which can be accessed via  www.brunner.co.uk  or
www.allianzgi.co.uk .  Investor Services can be contacted on 020 7065 1407 and
information can also be obtained from the Manager's helpline on 0800 317 573.





16 April 2008


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