Portfolio Update

Brunner Investment Trust PLC
1 March 2005



                    THE BRUNNER INVESTMENT TRUST PLC

                 TOP 10 HOLDINGS AS AT 28 FEBRUARY 2005

Stock Name                                    Market Value              %
                                                   £

Treasury 4.5 7/3/07                             24,860,746            9.67
HSBC                                             8,422,065            3.28
BP                                               7,890,328            3.07
Royal Bk Scot                                    7,339,541            2.85
GlaxoSmithKline                                  6,672,996            2.60
Vodafone                                         6,663,542            2.59
Barclays                                         5,448,425            2.12
BHP Billiton                                     5,380,369            2.09
BG                                               4,674,054            1.82
Shell Transport and Trading                      4,231,448            1.65

Total Gross Assets                             257,140,209


Enquiries:

Kirsten Salt
Company Secretary
Tel: [phone]

1 March 2005



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