Portfolio Update

Brunner Investment Trust PLC
4 August 2004


                    THE BRUNNER INVESTMENT TRUST PLC

                  TOP 10 HOLDINGS AS AT 30 JULY 2004

Stock Name                                 Market Value               %
                                                £

Treasury 4.5 7/3/07                          25,183,587           10.60
BP Plc                                       13,283,249            5.59
HSBC Hldgs                                    6,160,288            2.59
Vodafone Grp                                  5,832,128            2.46
Royal Bk Scot                                 5,708,450            2.40
Barclays                                      4,435,886            1.87
GlaxoSmithKline                               4,209,370            1.77
BHP Billiton                                  3,471,429            1.46
Standard Chartered                            3,396,983            1.43
GUS plc                                       3,035,025            1.28


Total Gross Assets                          237,469,900

Enquiries:

Kirsten Salt
Company Secretary
Tel: [phone]

4 August 2004


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