Portfolio Update

Brunner Investment Trust PLC
02 June 2004


                        THE BRUNNER INVESTMENT TRUST PLC


List of Top Ten Investments and all Holdings over 5% of Gross Assets at 28 May
2004,  announced in accordance with Listing Rule 21.20 (l) (ii).


       Holding                                              % of Gross Assets
Treasury 5 7/6/04                                                  10.65
BP Plc                                                             5.12
Vodafone Grp                                                       2.61
HSBC Hldgs                                                         2.57
Royal Bk Scot                                                      2.53
Barclays                                                           1.91
GlaxoSmithKline                                                    1.79
WPP Group                                                          1.33
BHP Billiton                                                       1.32
Standard Chartered                                                 1.29


Enquiries:

Kirsten Salt
Company Secretary
Tel: [phone]
2 June 2004


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