Portfolio Update

Brunner Investment Trust PLC
5 April 2005


                                  THE BRUNNER INVESTMENT TRUST PLC

                                TOP 10 HOLDINGS AS AT 31 March 2005

Stock Name                                                               Market Value            %
                                                                                £

Treasury 4.5 7/3/07                                                       25,000,870            9.96
HSBC                                                                       8,121,277            3.24
BP                                                                         7,700,792            3.07
Royal Bank of Scotland                                                     6,932,018            2.76
Vodafone                                                                   6,871,396            2.74
GlaxoSmithKline                                                            6,511,942            2.59
Barclays                                                                   5,216,987            2.08
BHP Billiton                                                               4,926,519            1.96
BG                                                                         4,708,401            1.88
Shell Transport and Trading                                                4,118,725            1.64

Total Gross Assets                                                       251,028,811


Enquiries:

Kirsten Salt
Company Secretary
Tel: [phone]

5 April 2005

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