Portfolio Update

Brunner Investment Trust PLC
2 June 2005

                              THE BRUNNER INVESTMENT TRUST PLC

                             TOP 10 HOLDINGS AS AT 31 May 2005

Stock Name                                          Market Value               %
                                                         £

Treasury 4.5 7/3/07                                   25,369,851            9.99
GlaxoSmithKline                                        8,742,651            3.44
HSBC (UK reg)                                          8,422,065            3.32
BP                                                     7,735,891            3.05
Royal Bk Scot                                          5,283,350            2.08
Barclays                                               5,028,944            1.98
Shell T & T                                            4,906,313            1.93
BG                                                     4,771,371            1.88
BHP Billiton                                           4,600,856            1.81
Standard Chartered                                     3,723,795            1.47

Total Gross Assets                                   253,880,639


Enquiries:

Kirsten Salt
Company Secretary
Tel: [phone]

2 June 2005


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